GATA

Ted Butler: Why I own SLV despite its fraud and crooks

Section: Daily Dispatches

3:14p ET Friday, August 19, 2022

Dear Friend of GATA and Gold (and Silver):

Silver market analyst Ted Butler's new commentary, "The Short Position in SLV," explains why, while the huge short position in the big exchange-traded fund cheats its investors (something about which he has complained again to the U.S. Securities and Exchange Commission), and while the custodian of the fund's metal, JPMorganChase, is a bunch of crooks, he still considers the fund well worth investing in, as he has done.

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Alasdair Macleod: The world is splitting in two and Putin has the winning hand

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, August 18, 2022

While we are being distracted by Ukraine, President Putin has advanced his geopolitical goals materially. Aided and abetted by President Xi, Putin is taking the Asian continent into his control. That mission is well on its way to being achieved. He now awaits the winter months to finally force the EU to reject America's hegemony. Only then, will the western end of the Eurasian continent be truly free of American interference.

Ronan Manly: Will LBMA expel JPMorganChase because of Nowak's conviction?

Section: Daily Dispatches

8:45p ET Thursday, August 18, 2022

Dear Friend of GATA and Gold:

Despite the market-rigging conviction of the chief of its monetary metals trading desk, Michael Nowak, JPMorganChase is still at the center of the world gold business generally and the London Bullion Market Association particularly, Bullion Star's gold researcher, Ronan Manly, writes today.

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Alasdair Macleod: The world is splitting in two, and Putin has the winning hand

Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, August 18, 2022

While we are being distracted by Ukraine, President Putin has advanced his geopolitical goals materially. Aided and abetted by President Xi, Putin is taking the Asian continent into his control. That mission is well on its way to being achieved. He now awaits the winter months to finally force the EU to reject America's hegemony. Only then, will the western end of the Eurasian continent be truly free of American interference.

Bloomberg details how commodity fraud works but of course omits gold

Section: Daily Dispatches

"Overpledging" goes far beyond copper trading.

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Why Metals Keep Going Missing in Commodity Trading

From Bloomberg News
Tuesday, August 16, 2022

A group of Chinese traders discovered in August that a copper merchant in northern China wasn't holding the half a billion dollars' worth of ore that was meant to be their collateral. This followed an episode in June involving missing aluminum. 

Craig Hemke at Sprott Money: The convicted criminals of JPMorgan

Section: Daily Dispatches

9:25p ET Tuesday, August 16, 2022

Dear Friend of GATA and Gold:

Writing tonight at Sprott Money, Craig Hemke of the TF Metals Report notes the inability of the U.S. Commodity Futures Trading Commission to discover the manipulation of the gold and silver markets for which the U.S. Justice Department just achieved conviction of two former traders at bullion bank JPMorganChase.

Asante