Ronan Manly: Silver squeeze hits London as SLV warns of limited supply

Section:

4:58p ET Sunday, February 14, 2021

Dear Friend of GATA and Gold:

Bullion Star's Ronan Manly today compares the recent hurried changes in the prospectus of the exchange-traded silver fund SLV with SLV's recent enormous claims on London-vaulted silver, which already seemed in tight supply.

Manly concludes: "If the short squeeze on GameStop caused fireworks among a few hedge funds on Wall Street, we hate to think what a short squeeze on the global silver supply will look like as hedge funds wake up to the possibility that SLV 'cannot acquire sufficient silver acceptable for delivery to the trust.'"

... Dispatch continues below ...


ADVERTISEMENT

Great Bear Provides Detailed New Sections
and Drills Near-Surface High-Grade Gold
at LP Fault: 13.38 g/t over 18.15 Meters

Company Announcement
Monday, February 8, 2021

VANCOUVER, British Columbia, Canada -- Great Bear Resources Ltd. (TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing 2021 exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

Chris Taylor, president and CEO of Great Bear, said, "In this release we provide highly detailed individual assay level data from shallow drill holes on one cross section at three different scales. With tighter drilling we have observed the same exceptional gold zone continuity at 25-metre drill spacing, both along strike and vertically, as we previously observed at 100–200 metre spacing.

"By the end of 2021 we are planning to have completed approximately 100 drill sections similar to the one contained in this release, consisting of over 400 drill holes in total. All this drilling is within the same continuous gold zone along more than 4 kilometres of strike length, which remains open to extension in all directions, and is present from bedrock surface.” ...

... For the remainder of the announcement:

https://greatbearresources.ca/news/great-bear-provides-detailed-new-sect...



Of course other monetary metals investors may enjoy thinking of what such a short squeeze would look like.

Manly's analysis is headlined "#SilverSqueeze Hits London as SLV Warns of Limited Available Silver Supply" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/silversqueeze-hits-london-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

* * *

Join GATA here:

Gold Week Africa Conference
via internet from Lagos, Nigeria
Monday-Thursday, February 15-18, 2021

https://www.goldwestafrica.com/gold-week-africa

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg

Buyers can compose their case by choosing as many as four varietals from the list here:

http://www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.

* * *

Support GATA by purchasing
Stuart Englert's "Rigged"

"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16