Kitco News
57% of retail investors expect silver to trade above $100/oz in 2026, experts see further gains but warn of downside risks -
The Kitco News Annual Silver Survey showed a solid majority of retail traders predicting further gains for the gray metal in 2026, while leading analysts expect silver to move much higher next year, though others warn of early setbacks and a potential blow-off top.
“Gold remains our single favorite long commodity,” spot price to reach $4,900/oz in Q4 2026 – Goldman Sachs -
(Kitco News) – Gold is the best bet in the entire commodities complex next year, and if private investors join central banks in their diversification, the price could well exceed the $4,900 per ounce base case, according to commodity strategists at Goldman Sachs.
AI-led growth story may not be enough for U.S. dollar strength in 2026 -
(Kitco News) - The AI sector is expected to drive productivity and dominate economic activity, which should keep the U.S. economy out of recession next year, but fiscal concerns, Fed independence and global de-dollarization will sap the strength of the dollar in 2026.
Special Report: Must read--This is what this week’s price action in gold, silver is signaling… -
(Kitco News) - February Comex gold futures Friday hit another all-time record high of $4,581.30 an ounce and was climbing as of this writing just before midday.
Gold, silver power to record highs on safe-haven demand -
(Kitco News) - Gold and silver prices are higher, with silver strongly up, and hit new record highs in early U.S. trading Friday. More safe-haven demand and bullish technical charts are fueling the two metals.
Bitcoin December 26 daily chart alert - Holiday pause continues Friday -
(Kitco News) - Friday, December 26--January bitcoin futures prices are again near steady in early trading Friday. The market remains in a pause mode during this Christmas holiday-shortened trading week.
Gold market analysis for December 26 - key intra-day price entry levels for active traders -
(Kitco News) - This 5-minute bar chart for Comex gold futures can be a valuable analytical and trading tool for the active intra-day gold futures trader/market watcher.
2026 will bring stablecoins, protocols and cybersecurity to the fore as Bitcoin and tokens cede the driver’s seat for now -
(Kitco News) – Crypto analysts and industry experts were far more restrained in their predictions for the broader market compared to this time last year – not surprising, considering the performance of digital assets over the last quarter of 2025. And while many still believe Bitcoin could surpass its October high-water mark of $126k at some point in 2026, the focus has clearly shifted from tok...
Gold, silver see modest profit taking after both hit new highs earlier -
(Kitco News) - Gold and silver prices are steady to weaker on some mild profit-taking pressure near midday Wednesday. Both metals hit all-time record highs overnight.
Peter Schiff Says Fed Reversal, Inflation Clash With Trump, and Silver Surge Point to a Volatile 2026 -
(Kitco News) As markets move toward 2026, Peter Schiff says the Federal Reserve has quietly returned to the policies that fueled past inflation shocks, even as political leaders publicly dispute whether inflation remains a problem. The debate has recently spilled into a high-profile exchange between Schiff and President Donald Trump, underscoring the growing gap between official messaging and m...
Zero Hedge
Fed's 'Skinny' Accounts End Operation Chokepoint 2.0 - Senator Lummis -
Fed's 'Skinny' Accounts End Operation Chokepoint 2.0 - Senator Lummis
Authored by Vince Quill via CoinTelegraph.com,
Wyoming Senator Cynthia Lummis, a pro-crypto United States lawmaker, said the recent proposal from Federal Reserve Governor Christopher Waller to give crypto companies access to “skinny” master accounts would end debanking under Operation Chokepoint 2.0.
Waller p...
New York To Demand Warning Labels On Social Media Platforms -
New York To Demand Warning Labels On Social Media Platforms
New York is requiring warning labels on social media platforms about addictive features in a bid to address a youth mental health crisis.
Gov. Kathy Hochul signed the bill into law on Dec. 26, targeting infinite scrolling, auto-play videos, and algorithmic feeds that encourage prolonged use.
The law, S4505/A5346, sponsor...
Dave Collum's 2025 Year In Review: From Precious Metals To Propaganda's Golden Age -
Dave Collum's 2025 Year In Review: From Precious Metals To Propaganda's Golden Age
Authored by David B. Collum, Betty R. Miller Professor of Chemistry and Chemical Biology - Cornell University (Email: dbc6@cornell.edu, Twitter: @DavidBCollum),
Every year, David Collum writes a detailed “Year in Review” synopsis (2024, 2023, 2022, 2021, 2020, 2019, 2018) full of keen perspective an...
As Trump Awaits Netanyahu's War Pitch, Iranian President Says Israel, US Already Waging 'Full-Scale War' -
As Trump Awaits Netanyahu's War Pitch, Iranian President Says Israel, US Already Waging 'Full-Scale War'
Two days before Israeli Prime Minister Benjamin Netanyahu's is expected to pitch President Trump on a new round of war with Iran, Iran's president says the United States, Israel and Europe are already waging "full-fledged war" on Iran, and that a return to kinetic warfare will r...
The Hidden Heavy Metals Damaging Your Brain... And Where They Come From -
The Hidden Heavy Metals Damaging Your Brain... And Where They Come From
Authored by Shan Lam & JoJo Novaes via The Epoch Times,
A woman in her 50s had multiple dental mercury amalgam fillings placed during childhood—the routine treatment at a time when dental care offered few alternatives. Although durable, the fillings can be a source of chronic mercury exposure.
(fizkes/Shutters...
FBI Says Minnesota Fraud Arrests "Tip" Of The Iceberg... Here's Just What Nick Sherley Found -
FBI Says Minnesota Fraud Arrests "Tip" Of The Iceberg... Here's Just What Nick Sherley Found
A viral video that has topped 76 million views on X within 48 hours has significantly heightened public scrutiny of multiple Minneapolis daycare centers linked to Somali operators that received millions in state and federal funding despite showing minimal operational activity. The apparent ...
Courts Cap Off Year Of Major Decisions, Confrontations Over Trump Agenda -
Courts Cap Off Year Of Major Decisions, Confrontations Over Trump Agenda
Authored by Sam Dorman via The Epoch Times (emphasis ours),
The federal court system returned some landmark rulings for the American people in 2025, but many legal questions remain unanswered as judges absorb the flood of litigation challenging President Donald Trump’s policies.
The U.S. Supreme Court in Wash...
Zelensky Meets With Trump At Mar-a-Lago As Ukrainian Capital Pounded By Russia -
Zelensky Meets With Trump At Mar-a-Lago As Ukrainian Capital Pounded By Russia
Just ahead of President Zelensky arriving in Florida where he hopes that talks with President Trump on the US-proposed Ukraine peace plan can achieve something favorable for Ukrainians, Russian Foreign Minister Sergei Lavrov once again blasted European leadership as the main obstacle to peace. Trump has ...
The Santa Claus Rally Begins -
The Santa Claus Rally Begins
Authored by Lance Roberts via RealInvestmentAdvice.com,
U.S. equity markets began the holiday‑shortened trading week on a firm footing. Broad gains in major indexes and the start of the Santa Claus rally marked this week. Following modest volatility in trading earlier in December, sentiment improved significantly as investors bet on year-end flows. As ...
"They're Just Spending Less": Record Number Of Restaurant Closures Sweep Washington D.C. -
"They're Just Spending Less": Record Number Of Restaurant Closures Sweep Washington D.C.
2025 became a record year for restaurant closures in D.C., according to the Restaurant Association of Metropolitan Washington (RAMW): 92 closures, up from 73 in 2024 and 48 in 2022, according to Fox 5 DC.
Owners cite multiple pressures — federal layoffs, the August federal takeover, a fall gov...
MarketWatch - Top Stories
CNBC Top News
CNBC Economy
GATA
Ed Steer: Ted Butler's 'bonfire' and Terra Incognita -
2:06p ET Saturday, December 27, 2025
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest is headlined "Ted Butler's 'Bonfire' and Terra Incognita'" and is posted in the clear at SilverSeek here:
https://silverseek.com/article/ted-butlers-bonfire-terra-incognita
CHRIS POWELL, Secretary/TreasurerGold Anti-Trust Action Committee Inc.CPowell@GATA...
Amid battery boom, graphite mining gets a fresh look in U.S. -
By Michael HillAssociated Pressvia Yahoo News, Sunnyvale, CaliforniaFriday, December 26, 2025
GOUVERNEUR, N.Y. -- Graphite mines in the United States largely closed down seven decades ago. Mining the ubiquitous mineral found in everything from nuclear reactors to pencils seemed to make little sense when it could be imported inexpensively from other nations, especially China.
That view is changi...
Blame London, not China, for silver short squeeze, market analyst Lanci says -
9p ET Friday, December 26, 2025
Dear Friend of GATA and Gold (and Silver):
In his daily commentary for Arcadia Economics, commodity market analyst Vince Lanci says China is not to blame for the explosion in silver and really wants to make the market more orderly. The real problem in silver, Lanci says, is that the London bullion banks don't have the metal they pretend to have and are the cause ...
The mainstream can't touch the real story: a cataclysmic short squeeze -
7:26p Friday, December 27, 2025
Dear Friend of GATA and Gold (and Silver):
To hear mainstream financial news organizations and analysts tell it, gold and silver have been flying because of:
-- The decline of the U.S. dollar.
-- International disorder sparked by the war between Russia and Ukraine, or the West's war against Russia through its Ukrainian proxy.
... Dispatch continues below ...
......
Uruguay's central banker starts crusade against dependence on U.S. dollar -
By Ken ParksBloomberg NewsFriday, December 26, 2025
Uruguay's central bank chief wants to convince savers in one of Latin America’s most dollarized nations that their love affair with the U.S. currency is bad for both the economy and their pocketbooks....
Starting next year, Guillermo Tolosa plans to implement measures to boost the use of the Uruguayan peso as part of a strategy to develop a do...
Wolf Street
Legal Tender News
These Countries May Be Next To Accept Bitcoin as Legal Tender -
One of the main knocks against cryptocurrency has always been that it will never gain universal adoption, meaning its usefulness will always be limited. This perhaps changed forever on September 7, ...
Legal Tender -
Legal tender is a medium of payment recognized by a legal system to be valid for meeting a financial obligation. Paper currency and coins are common forms of legal tender in many countries. Legal ...
Legal Tender Forces Gold Out -
Forbes contributors publish independent expert analyses and insights. I make the case for using gold as money. The government has many ways of forcing us to use their paper dollar as money. The tax on ...
Bill Introduced To Make Bitcoin A Legal Tender In Arizona -
Senator Wendy Rogers has introduced a bill proposing to make bitcoin a legal tender in the U.S. state of Arizona. The bill seeks to add bitcoin to the list of instruments considered legal tender in ...
Next week El Salvador will become the first country to accept bitcoin as currency -
The government even went a step further in promoting the cryptocurrency’s use by giving $30 in free bitcoins to citizens who sign up for its national digital wallet, known as Chivo, or “cool” in ...
CoinDesk
Canaan’s Turnaround Gains Steam as Benchmark Doubles Price Target to $4 -
With Nasdaq compliance restored and momentum building in its Avalon mining rigs and self-mining operations, the broker sees renewed upside for Canaan’s shares.
CoinDesk 20 Performance Update: Solana (SOL) Gains 4.5% as Index Trades Higher -
Bitcoin Cash (BCH) was also a top performer, rising 2% from Wednesday.
Digital Asset Treasuries: Bitcoin’s Institutional Test Case -
Digital Asset Treasuries (DATs) are the first laboratories testing how a decentralised asset can operate as productive capital within the architecture of corporate finance, argues Sygnum Bank CIO Fabian Dori.
Plasma Obtains VASP License, Opens Amsterdam Office to Expand Stablecoin Payments in EU -
The firm behind the fast-growing stablecoin blockchain also plans to obtain MiCA and EMI licenses as part of its expansion in Europe.
Gold Token Market Swells to $3.9B as CZ Calls It a 'Trust Me Bro' Asset -
The tokens raise similar concerns to stablecoins, with potential risks around delivery, long-term reliability and the ability to redeem for physical gold.
Ledger Unveils $179 Nano Gen5, Built for Identity in an AI-Driven World -
Alongside, there's the Ledger Wallet, a reimagined version of the company's Ledger Live app, and Ledger Enterprise Multisig, a new platform for institutional asset management.
Crypto Market Maker B2C2 Launches PENNY to Enable Instant, Zero-Fee Stablecoin Swaps -
The institutional liquidity provider’s new platform says it will let users exchange stablecoins like USDT and USDC across multiple blockchains without fees.
Crypto Markets Today: Bitcoin, Ether Edge Higher; HyperLiquid Surges on $1B Purchase Plan -
After weeks of turbulence, the crypto market found support Thursday, with Bitcoin and Ether posting modest gains and HyperLiquid’s token HYPE soaring.
Risk Proxies Challenge Bitcoin's Bounce; HYPE, XMR Shine: Crypto Daybook Americas -
Your day-ahead look for Oct. 23, 2025
Revolut Secures MiCA License in Cyprus, Expanding Regulated Crypto Services Across EU -
Fintech giant gains CySEC approval to offer compliant crypto trading across 30 EEA markets under MiCA
bitcoin.com
Sberbank Issues First Crypto Backed Loan in Russia -
Local media reports indicate that Sberbank, Russia’s largest banking institution, issued a loan to a local miner using cryptocurrency as collateral. While the transaction is just a pilot, it represents a first for the company and the country, marking an expansion in the use of these assets. Sberbank Registers First Loan Using Cryptocurrency as Collateral […]
Solana ETFs’ 2025 Debut: Fast Start, Strong Demand, Measured Finish -
Launched in Q4 2025, solana spot exchange-traded funds (ETFs) wasted no time attracting capital. Strong early inflows, rising liquidity, and steady asset growth position them as a credible new player heading into 2026. A Late Launch With Immediate Traction: Solana ETFs in 2025 Solana ETFs didn’t have the luxury of a full calendar year, but […]
Bitcoin’s Big Squeeze: Bulls and Bears Brace for a Breakout Brawl -
Bitcoin is trading at $87,752, with a market cap flexing at $1.75 trillion and a 24-hour trading volume of $15.69 billion. The day’s price action ranged from $87,363 to $87,893, showcasing the asset’s current preference for tightly wound indecision over fireworks. Bitcoin Chart Outlook The daily chart paints a picture of consolidation purgatory. Following a […]
2025: The Year Bitcoin Mining Reached Zettahash Scale and Redefined Network Security -
Bitcoin’s mining sector spent 2025 rewriting the record books, powering the network from an already massive 801 exahashes per second at the start of the year into the historic zettahash era by September. Bitcoin’s Miners Powered Through Thin Fees This Year but Still Broke Into the Zettahash Era Bitcoin’s 2025 mining story begins with a […]
Global Music Festival ZAMNA and Web3 Come Together for a New Era of Live Entertainment -
This content is provided by a sponsor. PRESS RELEASE. Innovative Web3 wallet FG Wallet and REDX, a global entertainment token originating in Tokyo, have announced a strategic partnership with ZAMNA Festival, the world-renowned electronic music festival based in Tulum, Mexico, which is approaching one million members. This initiative is drawing significant attention as a world-first […]
Reason
Today in Supreme Court History: December 28, 1856 -
12/28/1856: President Woodrow Wilson's birthday. His administration would initiate the prosecutions under the Sedition Act that gave rise to Schenck…
The post Today in Supreme Court History: December 28, 1856 appeared first on Reason.com.
Research Suggests People Who Work From Home Are Having More Babies -
"Flexibility at work has the power to drive fertility decisions," according to researchers running a survey in the U.S. and 38 other countries.
Open Thread -
What’s on your mind?
Today in Supreme Court History: December 27, 1771 -
12/27/1771: Justice William Johnson's birthday.
The post Today in Supreme Court History: December 27, 1771 appeared first on Reason.com.
The John Galt of Comic Books -
The co-creator of Spider-Man and Dr. Strange later created some failed Ayn Rand–inspired superheroes.
Short Circuit: An inexhaustive weekly compendium of rulings from the federal courts of appeal -
Citizen flag poles, mega-appeals, and land acknowledgments.
Discrimination and Defamation Claim Stemming from Firing Based on Allegedly Racist Conduct Can Go Forward -
Birch v. John Muir Health, decided Tuesday by California Court of Appeal Justice Carin Fujisaki, joined by Alison Tucher &…
The post Discrimination and Defamation Claim Stemming from Firing Based on Allegedly Racist Conduct Can Go Forward appeared first on Reason.com.
"[T]he First and Fifth Amendments Require ICE to Provide Information About the Whereabouts of a Detained Person" -
ICE Salt Lake City apparently isn't answering its phone.
Here Are 5 Wars Trump Started or Expanded in 2025 -
The U.S. military is fighting or preparing to fight in more countries than it was when the self-proclaimed "peace president" took office.
Journal of Free Speech Law: "Representing Benjamin Gitlow: Charles Recht and Walter Nelles," by Eric Easton -
From the "Gitlow v. New York at 100" symposium, held this year at the Arizona State University Sandra Day O'Connor College of Law.
Cato Institute
Porch Pirates and Jersey Values: Why Washington Should Stay Off Our Doorsteps -
We must stop looking to Washington for answers to problems that our local communities are perfectly capable of solving.
How Fiscal and Economic Crises Prompted Retirement Reforms Abroad—and What They Reveal for US Social Security -
International experience suggests that fiscal crises often serve as catalysts for politically difficult but necessary retirement program reforms. Across advanced economies, rising debt burdens and economic shocks have forced governments to confront unsustainable retirement programs, often prompting benefit restraint and the adoption of automatic stabilizers to limit the need for future politica...
The Declaration, the Constitution, and America's 250th -
In anticipation of our nation’s semi-quincentennial, here are my reflections—some previously published—on a dozen key questions related to America’s founding documents.
DHS Doesn’t List CECOT Prison Deportees in Its Worst of the Worst Data -
The United States should have allowed most of these immigrants to reside and work in the country legally. They could have been economic assets to the United States, and it serves no legitimate purpose to send them back to, at best, horrific conditions in Venezuela and, at worst, more persecution.
Heritage Doesn’t Make Somebody an American -
If seriously embraced, a blood and dirt conception of Americanness would destroy one of the most essential elements that make this country so successful and perhaps even its existence.
Tenth Amendment Center
Living Under the Consolidation the Founders Warned About -
We the people ignored every warning about consolidation – and what a surprise – we now live under the largest government in history.
The post Living Under the Consolidation the Founders Warned About appeared first on Tenth Amendment Center.
It Didn’t Say Go Abroad. It Said Stay Home. -
Most who talk about the Monroe Doctrine hope you’ve never read it. In this episode, we go right to the source, James Monroe’s message to congress on Dec 2, 1823. Understanding his exact words, placing them alongside George Washington and John Quincy Adams, shows the doctrine as it was understood at the time: restraint and non-intervention.
The post It Didn’t Say Go Abroad. It Said Stay Home. ap...
Unpacking the Presidential Appointments Lawsuit -
For the Supreme Court to decide in favor of the president, it probably would have to overrule Humphrey’s Executor v. United States (1935)
The post Unpacking the Presidential Appointments Lawsuit appeared first on Tenth Amendment Center.
Electronic Frontier Foundation
EFFector Audio Speaks Up for Our Rights: 2025 Year in Review -
This year, you may have heard EFF sounding off about our civil liberties on NPR, BBC Radio, or any number of podcasts. But we also started sharing our voices directly with listeners in 2025. In June, we revamped EFFector, our long-running electronic newsletter, and launched a new audio edition to accompany it.
Providing a recap of the week's most important digital rights news, EFFector's audio ...
Procurement Power—When Cities Realized They Can Just Say No: 2025 in Review -
In 2025, elected officials across the country began treating surveillance technology purchases differently: not as inevitable administrative procurements handled by police departments, but as political decisions subject to council oversight and constituent pressure. This shift proved to be the most effective anti-surveillance strategy of the year.
Since February, at least 23 jurisdictions fully...
Defending Encryption in the U.S. and Abroad: 2025 in Review -
Defending encryption has long been a bedrock of our work. Without encryption, it's impossible to have private conversations or private data storage. This year, we’ve seen attacks on these rights from all around the world.
Europe Goes All in On Breaking Encryption, Mostly Fails (For Now)
The European Union Council has repeatedly tried to pass a controversial message scanning proposal, known as ...
The Institute For Justice - Press Releases
Second Amendment Foundation
TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP -
BELLEVUE, Wash. — April 24, 2025 — The Second Amendment Foundation (SAF) is pleased to announce that Taurus Holdings Inc. has renewed their commitment to the organization as a Platinum-level corporate partner. “At Taurus, we believe that the right to keep and bear arms is fundamental to the American way of life,” said Taurus USA
The post TAURUS RENEWS PLATINUM-LEVEL CORPORATE PARTNERSHIP appear...
CA NON-RESIDENTS CAN APPLY FOR CARRY PERMIT STARTING APRIL 22 -
BELLEVUE, Wash. — April 22, 2025 — Thanks to a preliminary injunction in the Second Amendment Foundation’s (SAF) case CRPA v. LASD, starting Tuesday, April 22, non-resident SAF members can apply for a California carry permit. The injunction requires that California accept permit applications from any United States resident outside the state who is a
The post CA NON-RESIDENTS CAN APPLY FOR CARR...
SCOTUS DENIES CERT IN WORTH, SAF WIN IN EIGHTH CIRCUIT STANDS -
BELLEVUE, Wash. — April 21, 2025 — In a case that could potentially have far-reaching implications for similar lawsuits across the nation, the U.S. Supreme Court has denied Minnesota’s Petition for Writ of Certiorari in Jacobson v. Worth, the Second Amendment Foundation’s (SAF) challenge to the 18-20-year-old carry ban in the state. Minnesota asked the
The post SCOTUS DENIES CERT IN WORTH, SAF ...
Gun Owners of America
Beware of Fake GOA Text Messages -
We have been made aware of fraudulent text messages circulating that falsely use the Gun Owners of America (GOA) name, logo, and likeness. These messages are NOT from GOA. What’s happening Scammers are sending text messages that appear to come from GOA and may: Ask you to click a link Request personal or financial information Claim urgent action is required Offer fake prizes, donations, or poli...
ATF’s Repeated Violations of the Tiahrt Amendments Cannot Go Unpunished -
The Tiahrt Amendments[i] are a series of permanent appropriation restrictions on ATF’s ability to publicly disclose private gun owner and gun store information. They prevent personal information contained in firearm trace data from being turned over to anti-gun zealots in Freedom of Information Act (“FOIA”) requests.[ii] Unfortunately, career employees at ATF have now intentionally violated the...
State of Florida agrees in court settlement with Gun Owners of America, Open Carry is unequivocally protected by the Second Amendment -
State of Florida agrees in court settlement with Gun Owners of America, Open Carry is unequivocally protected by the Second Amendment FOR IMMEDIATE RELEASE December 11, 2025 Fort Pierce, FL – Yesterday afternoon in the United States District Court for the Southern District of Florida, the St. Lucie County State Attorney’s Office and the Sheriff of St. Lucie County, representing … Read more
Banking Dive
American Banker
The five biggest bank M&A deals of 2025 -
Bank merger and acquisition activity rebounded this year, led by Fifth Third's $10.9 billion proposed purchase of Comerica. Huntington, PNC and Columbia were involved in some of the other biggest deals announced in 2025.
Top 10 payment stories of 2025 -
Articles about stablecoins, scams, fintechs, premium credit cards and open banking were just some of the topics that struck a chord with American Banker subscribers in 2025.
Congress must create legal clarity for decentralized blockchains -
Banks are beginning to engage with decentralized financial infrastructure. But until lawmakers create a foundation for allowing legally recognized entities like LLCs and nonprofits to govern these networks, compliance burdens will hinder full adoption.
The seven largest banking data breaches of 2025 -
From credit bureaus to software providers, 2025 saw attackers bypass bank defenses by targeting the supply chain and using social engineering.
FHLB borrowing share stayed range-bound in 2023 for most -
Fewer than 1% of members reported surges relative to total assets outside the normal range, making Silvergate's experience unusual, according to the GAO.
Bank of International Settlements
Aino Bunge: Stablecoins and digital euro driven by digitalisation and geopolitics -
Speech by Ms Aino Bunge, First Deputy Governor of the Sveriges Riksbank, at SNS (Center for Business and Policy Studies), Stockholm, 4 December 2025.
Gabriel Makhlouf: Remarks - Economics Winter Workshop 2025 -
Remarks by Mr Gabriel Makhlouf, Governor of the Central Bank of Ireland, at Economics Winter Workshop 2025, Dublin, 19 December 2025.
Piero Cipollone: The future of money - a central bank perspective -
Contribution by Mr Piero Cipollone, Member of the Executive Board of the European Central Bank, to a roundtable at Aspen Institute Italia, Rome, 19 December 2025.
Federal Reserve - Press Releases
FDIC - Press Releases