by Chris Powell of the Gold Anti-Trust Action Committee (GATA)
2:10p ET Friday, September 18, 2020
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire today tells the TF Metals Report’s Craig Hemke that the silver inventory of the exchange-traded silver fund SLV must be questioned because so many bars are being quickly credited to it even as the physical market is so tight that no one else can get metal without long delays.
Maguire adds that a new physical gold and silver exchange is being created in London to compete with the London Bullion Market Association and require deliveries to be made within a day from metal already held on the exchange.
Further, Maguire says, on the basis of confidential sources, that JPMorganChase has cornered the physical silver market and has given at least one trading house an unlimited letter of credit to buy silver at any price. This, Maguire says, can be only a Federal Reserve operation to restore liquidity in silver to the New York Commodities Exchange’s silver futures contracts.
Hemke’s interview with Maguire is 42 minutes long and can be heard at the TF Metals Report here:
www.tfmetalsreport.com/podcast/10412/thursday-conversation-andre…
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 14-17, 2020
hopin.to/events/2020-new-orleans-investment-conference
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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:
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:
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?
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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 —
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.
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