Is Someone Attacking the Comex? January Sees $5.2B in Gold Deliveries
The CME Comex is the Exchange where futures are traded for gold, silver, and other commodities. The CME also allows futures buyers to turn their contracts into physical metal through delivery. You can find more detail on the CME here (e.g., vault types, major/minor months, delivery explanation, historical data, etc.).
The data below looks at contract delivery where the ownership of physical metal changes hands within CME vaults. It also shows data that details the movement of metal in and out of CME vaults. It is very possible that if there is a run on the dollar, and a flight into gold, this is the data that will show early warning signs.
There comes a time in every new romance to have The Talk.
No, not the one about when to meet the family or whether to move in together—the one about sharing your GPS coordinates.
Giving your partner a window into where you are at all times is a sign that things are getting serious. But when one partner refuses to be tracked on an app, it can raise red flags for some people—especially digital natives. (For plenty of others, including Gen Xers like me, not caring to know your partner’s every move is the ultimate sign of trust. And besides, who doesn’t want a little privacy?)
Bill is interviewed by Patrick Viera (Also posted under Interviews)
Bill’s Commentary:
“There is no rush quite like a Chinese gold rush!”
Why a Chinese Gold Mania May Be Starting
The current gold bull market began in the spring of 2024, fueled in large part by aggressive Chinese futures traders on the Shanghai Futures Exchange (SHFE), while Western investors remained largely on the sidelines. In just six weeks between March and April, these traders propelled gold prices up by $400, or 23%—an extraordinary surge for the yellow metal. Since then, their activity has quieted, but I’ve anticipated their return, expecting them to push gold to truly staggering levels. That moment may have arrived. Fresh off the week-long Chinese Lunar New Year holiday, these traders are reentering the market—just as gold was already heating up without them.
If you wondered since 2016 how come the blob and the Democratic Party were aligned so exquisitely in their operations to destroy populism (personified by Mr. Trump) and to permanently entrench single party power in America for all time to come, it’s because an endless font of taxpayer money was streamed into countless non-governmental orgs creating a shadow civil service of Democratic Party activists that melded seamlessly with the big policy-making agencies.
The money was laundered through manifold layers of these orgs and their sub-orgs to pay for an ongoing “color revolution” in the USA — lawfare, election fraud, propaganda, censorship, career cancellation, medical fuckery, open borders, and other totalitarian ploys — while enriching political players at all those manifold layers from multi-millionaire congressmen and senators to thousands of NGO officials making six-figure salaries to street hustlers like Patrisse Cullors of Black Lives Matter and “anti-racism” racist Ibram X. Kendi and his $50-million Center for Antiracist Research at Boston University (recently axed) — and, of course, ultimately the former Potemkin president “Joe Biden” and his family.
Bullion banks relied on a game of musical chairs, borrowing gold to meet short-term needs. But when enough chairs are removed—when buyers refuse to lease their holdings—banks are forced to compete for an ever-dwindling supply. That’s what’s happening now. From: Zerohedge Edit-The LBMA Doesn’t Have the Gold
Yesterday, Bloomberg, in an article entitled Gold at Bank of England Trades at Discount as Tariff Fears Drive U.S. Demand describes the current gold market situation. The article states that:
‘Gold stored in the Bank of England (BOE) vaults is trading at a discount to the broader market as concerns over potential Trump tariffs drive a rush for physical bullion. The surge in demand has created weeks-long withdrawal delays, making BOE gold less attractive than metal stored in commercial vaults.’
“The whole thing has been a charade for many years. I guess the craziest conspiracy theorists were the most correct?”
INSIDE THE REVOLUTION REWIRING AMERICAN POWER
In Treasury’s basement, fluorescent lights hummed above four young coders. Their screens cast blue light across government-issue desks, illuminating energy drink cans and agency badges. As their algorithms crawled through decades of payment data, one number kept growing: $17 billion in redundant programs. And counting.
“We’re in,” Akash Bobba messaged the team. “All of it.”
Edward Coristine’s code had already mapped three subsystems. Luke Farritor’s algorithms were tracing payment flows across agencies. Ethan Shaotran’s analysis revealed patterns that career officials didn’t even know existed. By dawn, they would understand more about Treasury’s operations than people who had worked there for decades.
This wasn’t a hack. This wasn’t a breach. This was authorized disruption.
Consulting Giant Bans Whites And Asians From Career Advancement Seminar
International accounting giant PwC is hosting a career advancement conference for college students that discriminates against white and Asian applicants on the basis of their race.
The program, called the Career Preview, is a three-day experience set to take place this summer in Orlando that imposes race-based selection criteria on applicants. Selected candidates will have the cost of their travel and accommodations covered by PwC.
“Career Preview is a chance to really see what PwC is about, how your major fits in at the firm, and begin a professional relationship with PwC employees invested in your personal and professional growth,” the company’s site says before listing off the discriminatory eligibility requirements.
Bill’s latest with Dave Janda (also posted under Interviews)
Bill’s Commentary:
“This may just be one of the last articles you will read from PBS as their funding will be cut. Rich, if you asked me!”
Musk says Trump ‘agreed’ USAID should be shut down, staffers told to stay out of agency’s headquarters
WASHINGTON (AP) — Staffers of the U.S. Agency for International Development were instructed to stay out of the agency’s Washington headquarters, and yellow police tape and officers blocked the agency’s lobby on Monday, after billionaire Elon Musk announced President Donald Trump had agreed with him to shut the agency.
USAID staffers also said more than 600 additional employees had reported being locked out of the agency’s computer systems overnight. Those still in the system received emails saying that “at the direction of Agency leadership” the headquarters building “will be closed to Agency personnel on Monday, Feb. 3.” The agency’s website vanished Saturday without explanation.
“I’m not sure, but the 3rd paragraph sounds like “leveraged Communism”?”
Trump signs order establishing a sovereign wealth fund that he says could buy TikTok
President Donald Trump on Monday signed an executive order that outlines plans for a government-run sovereign wealth fund to serve as an economic development tool and perhaps be used to buy TikTok.
Among the aims for the fund would be developing infrastructure such as airports and highways, and it could help the U.S. extend its influence in areas such as Panama and Greenland.
“We’re going to stand this thing up within the next 12 months. We’re going to monetize the asset side of the U.S. balance sheet for the American people,” U.S. Treasury Secretary Scott Bessent said during a media parley. “There’ll be a combination of liquid assets, assets that we have in this country as we work to bring them out for the American people.”
“This certainly will not make their fan base happy…”
Roger Goodell Discusses The NFL’s Full-On Embrace Of Its DEI Program Which Is Not Being Rolled Back
NEW ORLEANS – A considerable list of corporations and businesses in the United States have announced they are shuttering their diversity, equity and inclusion programs because they apparently figured out that hiring based on race or gender doesn’t often lead to finding the most qualified people. Well, the NFL doesn’t share that opinion and isn’t rolling back its DEI program.
The NFL’s robust DEI arm is going to remain, commissioner Roger Goodell said Monday. And his defense of the league’s DEI program was so positioned as to make it sound as if it’s not about tipping the scales to minorities and women at all.
Gold has been a tractor in first gear since January 1st. Many claim that the recently announced tariffs are the reason. I do not believe this, rather, I believe the Feb, COMEX deliveries are way outsized and require this gold from London to avoid default. In silver, the same situation is stacking up for March deliveries. Here is an in depth take of the “plumbing” behind the scenes;
Additionally, it looks like the Treasury department has been blindly cutting checks. Often times fraudulently and to fund some pretty evil operations. This revelation will have a chilling effect on the “trust” in the US both internally and internationally.
Another area where Americans and also foreigners will have concern is the pushback being brought on to Tulsi Gabbard. “Globalists” are shitting their pants after her testimony where she has basically said our intelligence community has gone off the rails. Her stance is noble and truthful in my opinion, I believe the vast majority agree with this. “Trust” is on the line here, and thus so is CONFIDENCE or the lack of!
January alone has seen at least a decade’s worth of change and action. I believe the next month may very well top January. Gold has already broken out to all time highs versus ALL currencies. Another way to say this is; ALL currencies have collapsed to all time lows versus gold, and thus all time lows in purchasing power. I believe the extremely long wait in silver will finally come to a head in this episode. We will find out shortly whether the silver even exists to make delivery. Below is a 5 year weekly chart of silver.
It is an easy view to see this 5 year period as an inverted head and shoulder pattern that completes once silver is over $35. The next target will obviously be $50. Going back to 1980, silver blew out to make a $50 top, the same occurred in 2011 to form a 30 year “cup”. Breaking over $50 now will finalize THE longest cup and handle formation of anything that I know of throughout history.
People ask me all the time as to what type of extreme numbers for gold and silver they should expect? I can only answer that this cannot be estimated in any mathematical way other than pointing out that the opposite of zero, is infinity. Yes, I understand that the word “infinity” sounds like carnival barking. But can the same be said for the word “zero”?
Just understand that every Ponzi scheme ever performed throughout history has ALWAYS ended at this number we call zero. Finance in today’s world is a fractional reserve Ponzi scheme that has run on one thing alone …CONFIDENCE! Confidence has been chipped away at for years as people see bullshit all around them with their own eyes. They see it financially, they see it socially, and also politically. Governments became so brazen as to try to shame people by telling them “who are you gonna believe, us, or your lying eyes”? A failure to deliver will answer any and all questions!”
“It will be much worse this time, especially for the US as we no longer manufacture much of anything. The adults might finally be in charge, but I think they skipped their history classes…”
The Great Depression Lesson About ‘Trade Wars’
In 1930, the Smoot-Hawley Act raised tariffs across the board and hurt the U.S. economy.
President Donald Trump has argued that “trade wars are good and easy to win.” But many economists have disagreed that raising tariffs sharply can improve the economy. In particular, experts have pointed to the failure of the Smoot-Hawley Tariff Act, passed in June 1930, to protect U.S. industries from tariff increases.
Although this came several months after the stock market crash of 1929, the U.S. hadn’t yet entered “the full onset of the Great Depression,” says Claude Barfield, a resident scholar at the American Enterprise Institute. The thinking among Congress and President Herbert Hoover was that by raising taxes on thousands of imports no matter what country they came from, the act would protect American farmers and secure the nation’s economy. But experts disagreed.
“Edward Snowden had patriotic balls, and my respect!”
Elon Musk calls Indiana Senator Todd Young a ‘deep state puppet’ in now-deleted post
INDIANAPOLIS — In a now-deleted post on X, Elon Musk called Indiana Senator Todd Young a “deep state puppet” over reports that Young would not support the nomination of Tulsi Gabbard to be the next director of national intelligence.
Young has not yet said how he’ll vote on Gabbard’s nomination.
“This is NOT “ending the war on day one.” Rather, it is a massive escalation. One can now only imagine the tone of any meeting between Trump and Putin?”
US Transfers 90 Patriot Missiles From Israel To Ukraine In Pivot
This week defense officials told Axios that the United States has begun transferring Patriot air defense interceptors from storage in Israel for eventual delivery to Ukraine.
Some 90 Patriot missiles will first be sent from Israel to Poland, after which they’ll go to Ukraine as part of stepped-up efforts of Washington to boost Ukraine’s air defenses. Russian missiles and drones have been pummeling Ukrainian cities, and especially power and energy infrastructure, on a near daily basis.
The Patriot system has become somewhat irrelevant or outdated in Israel since it was first introduced there some three decades ago. Israel is now reliant on the Iron Dome and its other domestically developed systems.
“Unfortunately, after less than 2 weeks in office, this cartoon seems to be correct…”
Bill’s Commentary:
“Lemmings with the same computer program?”
The Hidden Dangers of AI in Finance
Jim Rickards recently published a compelling article on AI risk for Insider Intel subscribers.
In it, Jim discusses a different way in which AI could crash markets. One that is totally separate from the DeepSeek, China, and NVIDIA angle we’ve been covering for the past week.
Today we’re going to review his key points and explore them in detail.
Here’s Jim:
“The ultimate danger arises when a large cohort of asset managers controlling trillions of dollars of assets all employ the same or similar AI algorithms in a risk management role. An individual robot working for a particular asset manager tells the manager to sell stocks in a crashing market. In some cases, the robot may be authorized to initiate a sale without further human intervention.
BillHolter.com 