Monday, October 13th is Columbus Day. This is a federal holiday the government would honor if it was not shut down. Although the stock market is open, most banks will be closed in its observance.

It will be important to watch the opening of the Asian financial markets on Sunday night. Gold and silver are breaking out from its manipulation by banks and the London metal exchange: gold has become the reserve currency as the USD collapses and silver is exploding for multiple reasons.

We should be focusing on the price of silver. According to Grok, US banks have lost $15 billion so far at a price of $50.33 an ounce. Here is Grok’s evaluation if silver shorts are called:

If all silver shorts (primarily in futures contracts on exchanges like COMEX) are forced to cover—meaning longs demand physical delivery—and there’s insufficient physical silver available, the shorts would first attempt to acquire silver in the open market to fulfill obligations, driving prices sharply upward in a classic short squeeze. If they still cannot deliver (e.g., due to genuine shortages), delivery failures occur: the exchange enforces cash settlements where shorts pay longs the difference between the contract price and the elevated market price, plus any assessed damages. This results in massive financial losses for shorts, potential penalties from the exchange for unexcused failures, and possible escalation to default proceedings against the short’s clearing member or broker. In extreme cases, the exchange could declare force majeure or intervene with emergency rules to stabilize the market, but physical delivery isn’t guaranteed—focus shifts to financial resolution.

This will be a three day holiday to watch as banks will be closed but the market will be open. If the silver market cannot stabilize and/or certain stocks are impacted, force majeure could be called and those stocks halted for trade. Let’s see if the banks will be successful today in manipulating the price of gold and silver down. Based on the wild swings in the price of gold already today, the next few days will be interesting.

We are all Palestinians.

Part One

There is no separation between Israeli’s political system, military, intelligence agencies, and technology corporations. There is virtually no separation between those elements and their counterparts in the U.S., and Israel’s influence is almost as pervasive in other Western governments and bureaucracies.

The Palestinians, both before and after October 7, 2023, have been the beta test for Israeli surveillance, control, and military technologies. Israel’s recent attack on Iran, particular its assassinations of key Iranian figures, signaled that those technologies have moved beyond beta and confirmed their effectiveness.

Unit 8200 is an elite Israeli military intelligence division of the IDF responsible for, according to Wikipedia, “clandestine operation, collecting signal intelligence (SIGINT) and code decryption, counterintelligence, cyberwarfare, military intelligence, and surveillance.” Many of its soldiers are 18- to 21-years old, who were identified in high school as exceptionally bright and put in after-school programs teaching computer coding and hacking skills. Unit 8200 has served as a feeder for Israeli, Silicon Valley, and other international IT companies as founders, financiers, and top management.

More…

Banks have been manipulating the price of silver for decades because the penalties and fines have been worth the profits. The impact on banks when silver shorts cannot be covered by physical supplies will be devastating. When will will know this is happening? The following is a 12 month summary that I asked Grok to generate for the silver lease rates.

Here is the summary of the 1-month silver lease rate over the past 12 months (from October 2024 to October 2025). Lease rates were generally low and stable (near 0-1%) through much of late 2024 and early 2025, with occasional short-lived spikes reflecting temporary tightness. However, rates began escalating more frequently and intensely from mid-2025 onward, culminating in extreme levels by early October 2025 amid growing physical shortages and squeeze pressures.Historical data is not always daily or publicly tabulated in full detail, but here’s a compilation of key data points and approximate monthly ranges derived from charts and reported values. Spikes often occurred around periods of high demand or market stress, and rates could fluctuate rapidly within days.Key Data Points and Trends for 1-Month Silver Lease Rate

Overall trend: The rate hovered near or below 1% for much of late 2024, with increasing frequency and magnitude of spikes throughout 2025 (up to 4-6% in Q1-Q3, then accelerating to double-digits in October). This reflects chronic supply deficits, surging industrial/investment demand, and reduced liquidity in key markets like London.

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Look at the entries in the past month and you will see how fast the economic collapse is happening in real time.

David DeGerolamo

The forecasts for the price of silver have not been adjusted to the recent rise of the price of silver or its mining shortfalls. I asked Grok for the projection of silver at the end of 2025:

Forecasts vary based on assumptions about economic recovery, inflation, and demand elasticity. Here’s a summary from recent analyses:

Overall, most projections cluster in the $45–$55 range by December 2025, reflecting the current $50 floor and limited supply as a tailwind, but tempered by potential easing if U.S. policy stabilizes or rate cuts end. If shortages intensify (e.g., via accelerated EV/solar adoption), prices could push toward $60/oz; conversely, a global slowdown might pull them back to $45. A balanced estimate, weighing the deficit and current momentum, suggests silver ending the year around $52–$55 per ounce.

The attached chart from the CFTC’s Commitment of Traders report reveals record commercial short positions exceeding 110,000 contracts, heightening squeeze risks as physical demand tightens supplies. (Grok)

The chart attached to the ZeroHedge post illustrates data from the CFTC’s Commitment of Traders (CoT) report, showing commercial traders’ net short positions in silver futures reaching a record high of approximately 110,789 contracts as of October 8, 2025. Commercial traders in this context primarily include large bullion banks and financial institutions like JPMorgan, HSBC, and Bank of Nova Scotia, which often hold these positions for hedging, market-making, or speculative purposes. Each silver futures contract represents 5,000 ounces, so this equates to a staggering net short exposure of over 550 million ounces—equivalent to roughly half of annual global silver mine production.

Banks holding these short positions are facing substantial unrealized losses as silver’s price climbs. For instance, if a bank shorted silver at an average of $30 earlier in the year, the move to $51 represents a per-ounce loss of $21—multiplied across hundreds of millions of ounces, this could translate to billions in mark-to-market hits. Historical precedents, like the 2011 silver rally to nearly $50, saw banks incur heavy losses before intervening to suppress prices. (Grok analysis)

The Washington Times Monday, July 27, 2020

Rep. Jerrold Nadler declared Sunday it’s a “myth” that Antifa provocateurs are behind the ongoing violent protests in Portland, Oregon.

In a now-viral video posted on Twitter, writer-producer Austen Fletcher caught up with the House Judiciary Committee chairman on his way to his vehicle.

“I ran into Jerry Nadler in DC and asked him to disavow the Antifa violence/rioting in Portland. His response? ‘THAT’S A MYTH,’” Mr. Fletcher said in a tweet along with the video. “It is true,” Mr. Fletcher tells Mr. Nadler in the video.

“There’s violence across the whole country. Do you disavow the violence from Antifa that’s happening in Portland right now? There’s riots—” “That’s a myth that’s being spread only in Washington, D.C.,” Mr. Nadler responded.

The above story has been erased from the Washington Times site. You can find the archived information here.

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Flash forward to today:

And Trump will now designate Antifa as an international terrorist group:

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