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The THAAD defense system is one of the US military’s most powerful anti-missile weapons, capable of intercepting ballistic missiles at ranges of 150 to 200 kilometers (93 to 124 miles) and with a near-perfect success rate in testing.

Using a combination of advanced radar systems and interceptors, THAAD, short for Terminal High-Altitude Area Defense, is the only US missile defense system that can engage and destroy short-, medium-, and intermediate-range ballistic missiles both inside or outside the atmosphere during their terminal phase of flight – or dive on their target.

THAAD interceptors are kinetic, meaning they take out incoming targets by colliding with them rather than exploding near the incoming warhead.

According to a report by the Congressional Research Service, the US military has seven THAAD batteries, each consisting of six truck-mounted launchers – with eight interceptors apiece – a powerful radar system and a fire control and communications component.

One of those prized batteries is now being dispatched to Israel to help bolster its already impressive ability to counter incoming missiles “following Iran’s unprecedented attacks against Israel on April 13 and again on October 1,” according to the Pentagon. But to do that, it needs US boots on the ground.

Through a broad command and control and battle management system, THAAD batteries can communicate with a range of US missile defenses, including Aegis systems – commonly found aboard US Navy ships – and Patriot missile defense systems that are designed to intercept shorter-range targets.

Those other missile defense systems are more numerous than THAAD, an illustration of the importance the Biden administration is placing on this deployment to Israel.

THAAD can be quickly deployed by US Air Force cargo aircraft like the C-17 and C-5, but the Pentagon did not give a timetable for when it will be active in Israel.

What makes THAAD so accurate?

What makes THAAD so accurate is the radar system that supplies its targeting information, the Army Navy/Transportable Radar Surveillance radar, or AN/TPY-2.

The radar system, which can deployed with the missile battery or already be in place on US Navy ships or at other installations, can detect missiles in two ways. In its forward-based mode it is configured to acquire and track targets at ranges of up to 3,000 kilometers (1,865 miles), and in its terminal mode it is aimed upward to acquire targets during their descent, according to the Missile Defense Project. Iran is about 1,700 kilometers (1,100 miles from Israel.)

“When it is put in place, it will actually add a layer to the existing Israeli air and missile defenses,” Leighton said.

Production models of the THAAD system have never failed to intercept incoming targets in testing, according to the Missile Threat Project at the Center for Strategic and International Studies.

What about Israel’s other anti-missile systems?

Israel has multiple anti-missile systems already in place designed to shoot down incoming projectiles.

David’s Sling, a joint project of Israel’s RAFAEL Advanced Defense System and US defense giant Raytheon, uses Stunner and SkyCeptor kinetic hit-to-kill interceptors to take out targets as far as 300 kilometers away (186 miles), according to the Missile Threat Project.

Above David’s Sling are Israel’s Arrow 2 and Arrow 3 systems, jointly developed with the United States.

The Arrow 2 uses fragmentation warheads to destroy incoming ballistic missiles in their terminal phase – as they dive toward their targets – in the upper atmosphere, according to the CSIS.

Meanwhile, the Arrow 3 uses hit-to-kill technology to intercept incoming ballistic missiles in space, as THAAD can do.

The lowest level of projectiles fired at Israel is combatted by the Iron Dome defense system, made up of 10 batteries that each carry three to four maneuverable missile launchers.

This isn’t the first time Washington has sent a THAAD battery to Israel. One was dispatched in 2019 for an exercise.

Elsewhere THAAD deployments have also been watched closely by US rivals, most notably China.

The deployment of a THAAD battery to South Korea in 2017, as ballistic missile threats from North Korea ramped up, drew vehement opposition from Beijing, which experts said was worried that the powerful radar could be used to spy on activities well inside China.

The US has also deployed THAAD to Guam, to protect vital US military bases on the Pacific island from possible ballistic missile threats from North Korea or China.

This post appeared first on cnn.com

A 39-year-old British woman was killed when a malfunctioning ottoman bed fell on her neck and asphyxiated her, a coroner’s report said.

Helen Davey, who lived in northeastern England and ran a beauty salon, died in June as she “was leaning over the storage area of an Ottoman-styled ‘gas-lift’ bed,” coroner Jeremy Chipperfield said in his report, released last week.

Ottoman beds have a base that can be raised – usually using gas-lift hydraulics – to access a storage space underneath. They are a popular choice for householders wanting to keep bedding or unseasonal clothes out of sight.

The mattress platform on Davey’s bed fell unexpectedly, “trapping her neck against the upper surface of the side panel of the bed’s base,” Chipperfield explained. “Unable to free herself, she died of positional asphyxia. One of the two gas-lift pistons was defective.”

Davey was found by her daughter, Elizabeth, according to a statement read in court and reported by local paper The Northern Echo.

“I went upstairs, my mam’s bedroom door was wide open, and I saw her lying on her back with her head under the bed,” Elizabeth said in court.

“Her legs were bent as if she was trying to get up. I dropped everything that I was holding and tried to lift the top of the bed off her head. The bed was no longer a soft close and could fall heavily if it was released. It was so heavy for me to lift it up and try to pull her out. I managed to lift it up enough to use my foot to support it.

“I noticed that her face was blue with a clear indent on her neck from the frame. I managed to pull her clear. I feared that she was dead as she made no sound. I started CPR and noticed that she wasn’t breathing,” she said.

Chipperfield warned in a letter to Britain’s business secretary, Jonathan Reynolds, that there is a risk of future deaths “unless action is taken,” highlighting the “existence and use of gas piston bed mechanisms whose failure presents risk to life,” as a “matter of concern.”

Under UK law, coroners must report to the relevant organization or government agency when they think action should be taken to prevent future deaths.

This post appeared first on cnn.com

Oil and Natural Gas: New Targets and Prices for this Week

  • At the opening of this week’s session, the oil price was under pressure, and we saw a bearish gap between $75.56 and $75.00
  • On Friday, the price of natural gas was under a lot of pressure in the $2.94 zone

Oil chart analysis

At the opening of this week’s session, the oil price was under pressure, and we saw a bearish gap between $75.56 and $75.00. We did not stop there but continued to pull down to the $74.10 level. After that, we managed to initiate a recovery that did not last long, and we find resistance at the $74.85 level. An additional break in the EMA 50 moving average in that zone had the effect of oil starting a retreat back to the $74.10 level.

Currently, the price is under pressure in the EU session, and we expect to see a further retreat and fall to a new daily low. We hope for support in the EMA 200 moving average in the zone of $73.50 levels. Potential lower targets are $73.00 and $72.50 levels. For a bullish option, we need a positive consolidation of the oil price above the $75.00 level. There, we expect to find support in the EMA 50 moving average. After that, the price has a chance to close this morning’s gap.

 

Natural gas chart analysis

On Friday, the price of natural gas was under a lot of pressure in the $2.94 zone. After losing the previous momentum, we saw the initiation of a bearish consolidation below the EMA 200 moving average. That strengthened the bearish momentum, and by the end of the market closing, the price dropped to the $2.84 level. During this morning’s Asian trading session, natural gas remained in the support zone without the strength to move above the $2.85 level.

The current picture is unfavorable for the price, and we can expect to start a new pullback to a new low. Potential lower targets are $2.82 and $2.80 levels. For a bullish option, we need a positive consolidation above the daily open level of $2.85. After stabilizing there, we can hope for a new positive consolidation and further recovery. Potential higher targets are $2.86 and $2.88 levels.

 

The post Oil and Natural Gas: New Targets and Prices for this Week appeared first on FinanceBrokerage.

The dollar index is in a good position to remain bullish

  • Last week, we saw the dollar index rise to 103.18, a new October high

Dollar index chart analysis

Last week, we saw the dollar index rise to 103.18, a new October high. Friday was marked by consolidation in the 102.80-103.00 range. While we were consolidating, the EMA 50 moving average approached us. This influenced us to see a bullish impulse up to 103.10 levels on Monday at the start of the Asian session. The dollar index continues to maintain above the 103.00 level for the rest of the day.

We do not rule out a pullback to the daily open level where we would test the EMA 50 moving average. There is a good chance that we will see a bullish consolidation in the US session and test this morning’s high. Potential higher targets are 103.10 and 103.20 levels.

 

The index sits at 103.00 in anticipation of a new bullish impulse

For a bearish option, the dollar index would have to close below the EMA 50 moving average and the daily open level. This moves us to a new daily low, and we will be under pressure to start a further pullback. The critical level is 102.80, and a pull below will further strengthen the bearish momentum. Potential lower targets are 102.70 and 102.60 levels. The EMA 200 moving average is far away at the 102.30 level.

On Monday and Tuesday, we don’t have that much significant economic news, but that’s why many geopolitical events could affect the movement of the dollar index. For Wednesday, we highlight the British CPI; forecasts announce a drop in inflation from 2.20% to 1.90%. Thursday is full of important economic news. We are starting from the Eurozone CPI, and a decrease in inflation is forecast here. After that, the European Central Bank will announce the future interest rate at the start of the US session. Expectations are that we could see a reduction in the interest rate from 3.65% to 3.40%. From the US news, we highlight Core Retail Sales, Initial Jobless Claims, the Philadelphia Fed Manufacturing Index, and Retail Sales.

 

The post The dollar index is in a good position to remain bullish appeared first on FinanceBrokerage.

EURUSD and GBPUSD: EURUSD stabilizes before the ECB report

  • During this morning’s Asian trading session, EURUSD made a retreat to the 1.09154 level
  • During this morning’s Asian trading session, GBPUSD was under pressure to a new low of 1.30400

EURUSD chart analysis

During this morning’s Asian trading session, EURUSD made a retreat to the 1.09154 level. After receiving new support at that level, the pair starts with bullish consolidation up to the 1.09320 level. We are on our way to return to the weekly open level and climb to the positive side. If we can do that, the chances of seeing further progress with the help of the EMA 50 moving average increase.

Potential higher targets are 1.09500 and 1.09600 levels. For a bearish option, we need a negative consolidation and pullback of EURUSD to the 1.09200 support zone. This time, we expect the euro to take a step lower to a new daily low. Potential lower targets are 1.09150 and 1.09100 levels. We also do not rule out testing last week’s low at the 1.09000 level.

 

GBPUSD chart analysis

During this morning’s Asian trading session, GBPUSD was under pressure to a new low of 1.30400. After that, we saw the initiation of a bullish consolidation of the pound back to the daily open level. Here, we hope that EMA 50’s moving average support will stay on the bullish side for continued recovery. Potential higher targets are 1.30800 and 1.30900 levels.

For a bearish option, we need a negative consolidation and a new pullback of GBPUSD down to the support zone. This time, we hope that the pound will not hold and will make an impulse down to a new daily low. Potential lower targets are 1.30300 and 1.30200 levels. Tomorrow’s news on British inflation could determine the next trend of GBPUSD. Expectations are that we will see a drop in inflation, which should signal the Bank of England to continue cutting interest rates.

 

The post EURUSD and GBPUSD: EURUSD stabilizes before the ECB report appeared first on FinanceBrokerage.

USDCHF and USDJPY: New Targets and Prices for the New Week

  • On Friday, the USDCHF stabilized at the 0.85600 level
  • For the third day in a row, USDJPY has been in bullish consolidation with the formation of a new high at 149,470

USDCHF chart analysis

On Friday, the USDCHF stabilized at the 0.85600 level. During this morning’s Asian trading session, the pair was driven by bullish consolidation and formed a new daily high at the 0.86000 level. We have support from the EMA 50 moving average and hope for a continuation to the bullish side. In the US session, USDCHF could continue to recover to a new daily higher high. Potential higher targets are 0.86050 and 0.86100 levels.

For a bearish option, we need a negative USDCHF consolidation down to the 0.85800 level. There, the pair will test the EMA 50 moving average before continuing the pullback. In the 0.85700 zone, we encounter the weekly open level. If the bearish momentum strengthens, we will see a drop below to the negative side and the formation of a new low. Potential lower targets are 0.85650 and 0.86000 levels.

 

USDJPY chart analysis

For the third day in a row, USDJPY has been in bullish consolidation with the formation of a new high at 149,470. During this morning’s Asian session, the pair stabilized at 149.20. In the EU trading session, bullish momentum is growing, and USDJPY maintains around the 149.40 level. For now, everything indicates that we are going up and expect a break above the 149.50 level. Potential higher targets are 149.60 and 149.70 levels.

For a bearish option, we need a USDJPY pullback down to the 149.20 support zone. We are close to testing the daily open level. This time, the pair needs to slide below and form a new daily low. Potential lower targets are 149.00 and 148.80 levels. We can expect additional support in the EMA 50 moving average around 149.00.

 

The post USDCHF and USDJPY: New Targets and Prices for the New Week appeared first on FinanceBrokerage.

AUDUSD and AUDNZD: New Weekly Targets and Prices

  • At the market opening this morning, AUDUSD made a bearish gap and started a new pullback
  • During this morning’s Asian trading session, AUDNZD traded in the 1.10400-1.10700 range

AUDUSD chart analysis

At the market opening this morning, AUDUSD made a bearish gap and started a new pullback. We failed to move above 0.67400 and EMA 50 moving average. This led us to initiate a bearish consolidation around the 0.67200 level. If the pair continues this trend, we expect to see a test of 0.67000 and thus test last week’s low. Potential lower targets are 0.66800 and 0.666600 levels.

For a bullish option, the AUDUSD must first stabilize before initiating a bullish consolidation. Then, we hope for a return above the 0.67500 daily open level. With that, we move to the positive side and close this morning’s gap. After that, the AUDUSD has an opportunity to subdue the bullish consolidation and continue the recovery. Potential higher targets are 0.67600 and 0.67800 levels. Additional resistance to our teaching on the bullish side is the EMA 200 moving average in the 0.67800 zone.

 

AUDNZD chart analysis

During this morning’s Asian trading session, AUDNZD traded in the 1.10400-1.10700 range. The pair has solid support, and if it holds there, we could see the initiation of a bullish consolidation above today’s high. This gives us enough momentum to stay on the positive side. Potential higher targets are 1.10700 and 1.10800 levels. Last week’s high is another step to 1.10900.

For a bearish option, we need AUDNZD to fall below the daily open level first. After that, we will see the strengthening of bearish pressure on the pair to continue further retreat towards 1.10300, where the EMA 200 moving average awaits us. This time, we expect a breakout below as well as an increase in bearish momentum. Potential lower targets are 1.10200 and 1.10100 levels.

 

The post AUDUSD and AUDNZD: New Weekly Targets and Prices appeared first on FinanceBrokerage.

The week that went by was in complete contrast to the week before as the markets heavily consolidated in a tight range. In the week before this one, the Nifty had seen a significant retracement of over 1167 points; however, over the past five trading days, the index stayed totally devoid of any directional bias and ended the week on a flat note. The volatility also tapered down; the India VIX came off by 6.42% to 13.22 on a weekly basis. The trading range also got much narrower; the index oscillated in a range of 539.70 points. Following some strong consolidation, the headline index closed flat with a minor weekly loss of 50.35 points (-0.20%).

The coming weeks are crucial for the markets from a short-term perspective. The NIFTY Bank and FINNIFTY will cease to have weekly contracts beginning November 20 following the SEBI’s recent directives. It will be only NIFTY that shall have weekly contracts. This may keep the indices a bit volatile over the coming days. Importantly, the Nifty’s behavior against the 25000-25050 zone is important as the 25050 is where the 50-DMA is, and the 25000 level remains a psychologically important level. The markets were anyway highly deviated from the mean. The nearest 20-week MA stands at 24541; the Nifty has not even tested this level during the recent retracement. Even if that is tested, the primary uptrend would still remain very much intact.

The coming week may see a tepid start; the levels of 25100 and 25365 shall act as probable resistance points. The supports coming in lower at 24800 and 24540 levels.

The weekly RSI stands at 59.09; it remains neutral and does not show any divergence against the price. The weekly MACD has shown a negative crossover; it now trades below its signal line.

The pattern analysis shows that the week’s low point of 24694 found support at the extended rising trendline. This trendline was drawn from the level of 22124 and it extends itself joining the subsequent high points. It is important to note that this low point coincides with the 20-week MA; the fastest and the nearest weekly MA which stands at 24541. This makes the zone of 21540-21700 a very important pattern support zone for the Nifty.

All in all, we have a lot of short positions as reflected by the derivatives data. Speaking specifically for the coming week, Nifty’s behavior vis-à-vis the level of 25000-25050 would be crucial to watch. On the other hand, the strikes of 25000 hold a co-existence of the highest Call and Put OI; this makes this level almost an inflection point for the Index. For the Nifty to extend its technical pullback that it attempted in the previous week, it must move past and keep its head above the 25000-25050 zone. It is strongly recommended that we stay invested in stocks that show strong relative strength; this would ensure resilience if the markets do not move in our intended direction. A cautious approach is recommended for the coming week.


Sector Analysis for the coming week

In our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.

Relative Rotation Graphs (RRG) show Nifty Pharma, Services Sector, IT, Consumption, and FMCG indices inside the leading quadrant. Although the FMCG index is showing a decline in its relative momentum, these groups are by and large likely to relatively outperform the broader markets.

Nifty Midcap 100 and  Auto Index are inside the weakening quadrant. They may, however, continue to show stock-specific performance while relative performance may keep slowing down.

The PSE, Infrastructure, Realty, Metal, Nifty Bank, PSU Bank, Energy, Commodities, and Financial Services indices are inside the weakening quadrant. However, except for Commodities, Energy, and PSE indices, the rest are seen sharply improving on their relative momentum.

The Nifty Media index is the only index inside the Improving quadrant. However, it is seen giving up its relative momentum as well against the broader markets.


Important Note: RRG charts show the relative strength and momentum of a group of stocks. In the above Chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  


Milan Vaishnav, CMT, MSTA

Consulting Technical Analyst

www.EquityResearch.asia | www.ChartWizard.ae

Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX Code: AAU, OTCQB: ANTMF) advises that an announcement lodged with ASX at 9:18am AEDT on 8 October 2024 included statements relating to antimony production targets that are non- compliant under listing rules 5.16, 5.17, and 5.19, and included forecast financial information derived from a production target.

By this announcement the Company hereby retracts the first two pages of the earlier announcement and the included non-compliant statements and forecasts, and advises investors not to make any investment decision based on this information.

The Company is also announcing new test work results for the proposed La Demajagua gold-silver-antimony open-pit mine in Cuba.

NEW METALLURGICAL TESTWORK RESULTS FOR LA DEMAJAGUA PROJECT

The attached Memorandum dated 2 October 2024 from Vancouver based consultants, JJ Metallurgical Services Inc, summarises past testwork results, and those recently received from Chinese engineering group, BGRIMM Technologies.Importantly, BGRIMM has indicated that leaching of the gold-arsenopyrite concentrate expected to be produced by the proposed La Demajagua gold-silver- antimony mine would recover 77.9% antimony from the concentrate and produce an antimony precipitate which contains 48% antimony content. Based on the test work data, it is expected that the production of 3,982tpa of a precipitate with 48% Sb (containing 1,911tpa antimony) will be realized from the 50,025 tpa gold-arsenopyrite concentrate containing 4.9% antimony.It is intended that the antimony precipitate will be blended with 5,558tpa of gold- silver-antimony concentrate grading 49.1g/t Au, 2,022g/t Ag, and 46.2% Sb (containing 2,568tpa antimony) that the consultant expects to be produced by reverse flotation of the La Demajagua ore at a mill throughput of 815,000 tpa containing 2.47 g/t gold, 26.2 g/t silver, 1.58% sulphur and 0.635% antimony. (Refer Scoping Study dated 30 March 2023 – all material assumptions underpinning this production target continue to apply and have not materially changed, in accordance with Listing Rule 5.19.)Testwork is continuing with specialists in Canada on the methodology of stabilising arsenic which would be generated if a concentrate roasting processing facility is added to the project, as is proposed, to produce a gold dore which would be much more valuable than the arsenic gold concentrate.When this information has been received, together with BGRIMM’s capital and operating cost estimates for the processing facility, a new Scoping Study will be undertaken for the expanded project, and is expected to demonstrate robust returns at conservative metal prices

COMMENT

Antilles Chairman, Brian Johnson said: “with improved supply-demand dynamics for antimony and a strengthening price environment, we are now rapidly advancing project development studies with the assistance of BGRIMM Technology Group and our Technical Consultants, and we look forward to delivering the Scoping Study for an expanded operation at La Demajagua. We are also engaging with a wider cohort of potential antimony buyers given the stronger demand and price environment for the strategic metal.”

Click here for the full ASX Release

This post appeared first on investingnews.com

It was the perfect feel-good story, just in time for Christmas.

On December 20 last year, the United States secured from Venezuela the release of 10 US citizens – six of them wrongfully detained – in exchange for a close ally of authoritarian President Nicolas Maduro and a commitment from Caracas that it would stop detaining Americans to use as negotiating pawns.

“The administration has made abundantly clear the expectation that additional Americans are not detained, and has secured commitments along those lines,” a cheerful US official announced at the time.

That deal, which also included the extradition of a former military contractor known as “Fat Leonard” who orchestrated the largest corruption scandal in US Navy history, was hailed as a thawing of relations in the long-running standoff between the countries that has seen the US impose sanctions on Venezuela and accuse its leader of illegally usurping power, abusing human rights and trafficking drugs.

But fast-forward to nearly a year later and the vibe has turned more Halloween trick than Christmas treat.

Venezuela recently announced it had detained at least four US citizens, along with a handful of other foreign nationals, alleging they were part of an international conspiracy masterminded by the CIA and Spanish intelligence to overthrow Maduro.

That claim has been strongly denied by both the US and Spanish governments.

The US State Department has said the claims are “categorically false” and intimated that the detentions are linked to American criticisms of Venezuela’s disputed presidential election, which Maduro claims to have won despite widespread skepticism. The United States “continues to support a democratic solution to the political crisis in Venezuela,” the State Department said, pointedly, when commenting on the allegations.

So, is there anything to Venezuela’s claims? And if not, what does Maduro hope to gain by returning to an old playbook?

Hollywood script and a convenient bogeyman

The details of the alleged plot read like the script of a Hollywood thriller. Maduro’s interior minister Diosdado Cabello claims the detained foreigners – who also included two Spaniards and a Czech – were part of a shadowy unit who traveled to Venezuela to kill Maduro, apparently motivated by the up to $15 million reward the US Justice Department offered in 2020 for information leading to his arrest or conviction.

According to Cabello, the plot not only involved the CIA but was led by an active duty US Navy Seal, and involved a shipment of 400 (now seized) US-manufactured rifles and other firearms.

Two other US citizens, Cabello claims, were “hackers” intent on disrupting Venezuela’s chronically inefficient power service. (Not the first time Cabello has cried foul over blackouts; he alleged “terrorist actions” by the opposition were behind a late-August blackout that affected at least nine Venezuelan states and dozens of cities including the capital Caracas.)

Intriguingly, White House spokesperson John Kirby confirmed that the man Caracas identified as the alleged ringleader – Wilbert Castañeda – is an active service member in the US Navy whom, Kirby said, went to Venezuela on “personal travel.” Other media have reported that Castañeda, who is a dual Mexican-US citizen, used to serve as a Navy Seal but was stripped of his status sometime in the past.

Given the nature of the allegations, Venezuela’s claims are almost impossible to independently verify.

But then skeptics might say that’s exactly the point – that for Maduro, the CIA is merely a convenient, tried-and-tested bogeyman.

Maduro has in the past also alleged, without proof, that the US government and former US President Donald Trump were behind a 2018 assassination attempt in which an explosive-laden drone detonated mid-air during one of his speeches (an ‘attack’ prosecutors initially tried to pin on then-Colombian President Juan Manuel Santos). Maduro has also alleged, again without evidence, that the CIA and Washington in general were to blame for an insurrection in April 2019, and in September of the following year his government detained US citizen Matthew Heath on allegations of spying on oil refineries in the state of Falcon. Heath was later released in a prisoner exchange, and the US government has always denied involvement in any of the alleged schemes.

All that said, Maduro knows there is an audience receptive to such narratives, precisely because the CIA does have a well-documented history of meddling in the region. And it’s likely not lost on him that the US was aware of a plot to overthrow his predecessor, Hugo Chavez, weeks before a coup d’etat was attempted in 2002.

‘Loose dogs’, or a threat from within?

Still, even among those in the Venezuelan government who believe the security services have stumbled on some kind of plot, there are some who are skeptical of Cabello’s claims of CIA involvement.

“I think these are more loose dogs than a real involvement from the US government, because everyone knows that removing Maduro by force would only escalate the conflict around Venezuela,” said a government source who, like other people consulted for this article, asked not to be named due to the confidential nature of the topic.

“But you cannot underestimate the allure of the ($15 million Department of Justice) reward especially for crazy adventurers, or do you really believe a Navy Seal on active duty travelled to Venezuela for a summer romance?” the source said.

One scenario that doesn’t seem to be under consideration in Caracas’ corridors of power is whether a plot could have originated from within the country.

That may sound surprising, given Maduro has alienated vast swathes of the population with his election ‘victory’ and subsequent crackdown on the opposition. He has also likely alienated some of those within his own government with his habit of chopping and changing key personnel on a whim.

But while it’s not impossible to imagine former Chavistas plotting to bring Maduro down, a more likely explanation may simply be that the Venezuelan leader has cooked up the whole story for political leverage against his old foe, the US.

If so, what does Maduro think he has to gain?

A negotiating tactic?

The obvious answer leads back to the election. In October last year, before the release of “Fat Leonard” and Co, Maduro had promised the US that Venezuela’s election would be free and fair. And as recently as six months ago, the economic community in Caracas was hoping it would be at least fair enough for the US to lift its remaining oil sanctions and bring Venezuela back into the fold of the world’s democracies.

The subsequent electoral farce, and Maduro’s desertion of his commitments to restore democracy, pulverized those hopes and made it clear that any further steps toward reconciliation would have to be painfully negotiated by diplomats.

It would seem Maduro sees the newly detained Americans as pawns to be used in those negotiations, with a view to quieting US criticisms of the election, and as leverage in any sanctions negotiations.

It’s an approach that sends a calculated message to US President Joe Biden, whose administration has prioritized the release of US citizens unjustly detained abroad – having reached similar deals with Russian President Vladimir Putin over the releases of WNBA star Brittney Griner and the Wall Street Journal journalist Evan Gershkovich.

But beyond Biden, the detentions are also a message to the new Commander in Chief, be it Kamala Harris or Donald Trump.

Since the disputed vote in Venezuela, the State Department has only minimally acted against the country, imposing personal sanctions on 16 individuals and calling for Venezuela to release the full voting ballots to clarify the result.

While the US has imposed economic sanctions on Venezuela’s oil exports for years, a special authorization allowing oil company Chevron to operate in the country is still valid despite the international outcry this summer.

Whoever wins the US election in November will have the fate of the detainees weighing on them when they are faced with deciding whether to continue that minimal approach or to turn the screw.

And they can forget any hope that the detainees’ fate can be left to the courts.

“You cannot even talk of a trial, to be honest,” said a lawyer who represented US citizens wrongfully detained in Venezuela in the past. “In most cases, there’s no file with the charges presented against your client, you don’t have access to the investigation, there are no witnesses, and you cannot present new evidence, all of those proceedings happen in a court, but they’re a farce.”

“It’s frustrating, you basically go to court, and you know nothing ruled there will make any difference for your client,” said another lawyer, whose client was released after spending more than two years in jail without being sentenced.

So, what’s Maduro’s bottom line?

Even for those convinced that Maduro has cooked up the plot to gain leverage with the US, there’s one mystery left: his preferred endgame.

In previous negotiations over prisoner exchanges, Maduro was able to obtain the release of his alleged money fixer, Alex Saab, and of two of his wife’s nephews who were serving time for trying to smuggle 800 kilograms of cocaine into the United States.

He was also able to secure the withdrawal of some of the oil sanctions the US imposed on Caracas in recent years.

This time around, with none of his close associates in US hands, it’s unclear what Maduro could ask at the bargaining table other than legitimacy and further sanctions withdrawal.

Likewise, it’s unclear how a new US administration would entertain the idea of giving in to – and being seen to give into – an authoritarian bully.

Hostage negotiation is an awkward topic for any government, none more so than the United States, which has in the past made a point of refusing to engage with kidnappers.

On the other hand, the US may decide the freedom of its citizens are worth whatever limited concessions Maduro is seeking.

As one of the people involved in last year’s negotiations put it: “Free societies decide that no innocent man should be in jail. When you accept that a criminal walks free but no detainee is innocent, that is real freedom.”

This post appeared first on cnn.com