GATA

Silver suppression just might be beaten this year, GATA's Steer tells Investing News Network

Section: Daily Dispatches

3:40p ET Wednesday, April 13, 2021

Dear Friend of GATA and Gold:

GATA board member Ed Steer, editor of Ed Steer's Gold & Silver Digest letter (https://edsteergoldsilver.com/), was interviewed this week by Charlotte McLeod of Investing News Network, discussing the prospects for overthrowing the manipulative short position in silver on the New York Commodities Exchange. Steer is cautious but hopeful that the market rigging can be defeated this year.

JPMorgan sued by London trader fired over spoofing claim

Section: Daily Dispatches

By Jonathan Browning
Bloomberg News
via The Edge Markets, Petaling Jaya, Malaysia
Wednesday, April 14, 2021

A former JPMorgan Chase & Co trader who was fired over a spoofing allegation said he was dismissed only because the bank wanted to "appease" U.S. regulators following a scandal that cost the bank close to $1 billion in penalties.

Bradley Jones, a former cash equities trader, is suing the bank for unfair dismissal in London, saying that compliance officials ruled there was nothing suspicious about his trading only to revisit it three years later. 

Ronan Manly: LBMA acknowledges severe shortage of silver

Section: Daily Dispatches

11:10a ET Wednesday, April 14, 2021

Dear Friend of GATA and Gold:

Bullion Star's Ronan Manly writes today that after declaring that there was plenty of monetary metal around, the London Bullion Market Association has issued a report acknowledging scarcity of silver and the effectiveness of the recent "silver squeeze" campaign by the Reddit gang on social media.

Manly's analysis is headlined "LBMA Acknowledges 'Buying Frenzy' in Silver Market and Silver Shortage Fears" and it's posted at Bullion Star here:

Sprott Physical Gold and Silver Trust prepares to acquire another $1 billion in metal

Section: Daily Dispatches

Sprott Physical Gold and Silver Trust Updates Its 'At-The-Market' Equity Program

Company Announcement
via Globe Newswire, Omaha, Nebraska
Tuesday, April 13, 2021

Inflation is here already, Hemke says at Sprott Money and Russell says at GoldCore

Section: Daily Dispatches

8:34p ET Tuesday, April 13, 2021

Dear Friend of GATA and Gold:

Writing at Sprott Money tonight, Craig Hemke of the TF Metals Report notes that as of today the official U.S. inflation rate is suddenly a percentage point above the interest rate of the benchmark 10-year U.S. Treasury bond, and thus U.S. real interest rates are officially and substantially negative. Yet, Hemke adds, gold is priced $300 lower than it was the last time this happened, last August.

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Ted Butler: BankAmerica suddenly becomes a big player in silver

Section: Daily Dispatches

By Ted Butler
Tuesday, April 13, 2021

Suddenly out of nowhere BankAmerica has emerged as a major participant in precious metals OTC derivatives. 
This new fact is contained in the latest release of the Treasury Department's Office of the Comptroller of the Currency (OCC) Quarterly Derivatives Report for U.S. banks. The report covers derivatives contracts in the over the counter (OTC) market as opposed to exchange-traded options and COMEX gold and silver futures. 

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Kinesis