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Daily Dispatches

Ronan Manly: LBMA admits its boast of record silver hoard was false

Section: Daily Dispatches

LBMA Misleads Silver Market with False Claims about Record Silver Stocks

By Ronan Manly
Bullion Star, Singapore
Tuesday, May 11, 2021

In a shocking retraction, the bullion bank-dominated London Bullion Market Association has just announced that it has been overstating LBMA silver vault holdings by a massive 3,300 tonnes of silver.

This overstatement relates to the total quantity of physical silver bars that the LBMA claimed were being held in LBMA vaults in London as of end of March 2021.

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As gold and silver join commodity boom, try The Calandra Report and help GATA

Section: Daily Dispatches

10:27p ET Tuesday, May 11, 2021

Dear Friend of GATA and Gold:

With gold and silver showing strong signs of breaking out at last and the London Bullion Market Association appealing for central bank help to keep monetary metals prices down --

https://gata.org/node/21134

-- interest in gold and silver mining shares is rebounding.

... Dispatch continues below ...


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Craig Hemke at Sprott Money: Bullion bank pump-and-dump

Section: Daily Dispatches

By Craig Hemke
Sprott Money, Toronto
Tuesday, May 11, 2021

Though we've seen this trick countless times over the years, it never gets less frustrating. However, with a summer rally pending, this latest Bank effort might be instructive.

Pam and Russ Martens: U.S. stock market now is larger than combined GDP of U.S., China, Japan, and Germany

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Tuesday, May 11, 2021

When the motherlode of stock market bubbles finally pops, exposing the corrupt edifices on which it was built, you can count on one thing: There will be lots of testimony before Congress that no one could have seen it coming.

As gold and silver join commodity boom, try The Calandra Report and help GATA

Section: Daily Dispatches

6:35p ET Monday, May 10, 2021

Dear Friend of GATA and Gold:

With gold and silver showing strong signs of breaking out at last and the London Bullion Market Association appealing for central bank help to keep monetary metals prices down --

https://gata.org/node/21134

-- interest in gold and silver mining shares is rebounding.

... Dispatch continues below ...


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Hugo Salinas Price: Gold and silver will mark the end of the present dark age

Section: Daily Dispatches

By Hugo Salinas Price, President
Mexican Civic Association for Silver
Monday, May 10, 2021

Central banks -- Russia's and China's both perhaps excepted -- are all members of an international club of central banks. This blub is run according to the rules dictated by the Bank for International Settlements in Basel, Switzerland.

Why did the World Gold Council join LBMA in protesting higher gold prices?

Section: Daily Dispatches

And what is the Bank for International Settlements' real game with gold?

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1:12p ET Monday, May 10, 2021

Dear Friend of GATA and Gold:

Surely many issues remain to be addressed arising from last week's panicked protest to the Bank of England by the London Bullion Market Association and World Gold Council about the impending "Basel 3" regulations emanating from the Bank for International Settlements:

https://gata.org/node/21134

Here perhaps are a few of them.

Whatever happened to the ‘ton of gold’ ship that started the Klondike Gold Rush?

Section: Daily Dispatches

By David Reamer
Anchorage (Alaska) Daily News
Sunday, May 9, 2021

A cheering throng of thousands met the SS Portland as it pulled up to Seattle’s Schwabacher Dock on July 17, 1897. The spectators chanted, over and over, to see the gold.

The perhaps slightly bewildered but good-humored miners on board the steamer waved in return.

Today, a plaque at the Seattle Waterfront Park notes the location of the festivities.

... Dispatch continues below ... 


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As gold and silver join commodity boom, try The Calandra Report and help GATA

Section: Daily Dispatches

11:13a ET Sunday, May 9, 2021

Dear Friend of GATA and Gold:

With gold and silver showing strong signs of breaking out at last and the London Bullion Market Association appealing for central bank help to keep monetary metals prices down --

https://gata.org/node/21134

-- interest in gold and silver mining shares is rebounding.

... Dispatch continues below ...


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Ambrose Evans-Pritchard: U.S. inflation fears mount as the Fed 'monetizes' Biden's deficits

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Friday, May 7, 2021

The U.S. Federal Reserve and Treasury are repeating one of the most disturbing episodes of the 1940s and risk stoking a destructive inflationary boom, a leading monetary watchdog has warned.

The Center for Financial Stability (CFS) in New York says U.S. money supply data is flashing a red alert and that excess reserves in the banking sector threaten to set off an "explosion of lending" as the recovery accelerates. 

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