Daily Dispatches

JPMorgan being pretty much the U.S. government.

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JPMorgan Is Biggest Counterparty for Nickel Tycoon's Short Bets

By Jack Farchy and Alfred Cang
Bloomberg News
Friday, March 11, 2022

JPMorgan Chase & Co. is the largest counterparty to the nickel trades of the Chinese tycoon caught in an unprecedented short squeeze, putting the bank at the center of one of the most dramatic moments in metals market history.

By James G. Rickards
The Daily Reckoning, Baltimore
Tuesday, March 8, 2022

There's no doubt that the financial sanctions put on Russia by the U.S., the U.K., EU members, and others are the most severe ever imposed. The U.S. Treasury has announced 15 sanctions programs in recent days and no doubt more are on the way.

By Samah Khater
Voice of America, Washington
Thursday, March 10, 2022

KHARTOUM, Sudan -- Sudan's military rulers this week announced an emergency committee to address the country’s collapsing economy and pointed to its gold mining as a possible boost. 

Sudan's ambassador to Russia has denied reports that Moscow has been smuggling gold from Sudan in preparation for sanctions over its invasion of Ukraine. But Sudanese analysts say gold smuggling is rampant, including to Russia.

... Dispatch continues below ...

12:35p ET Thursday, March 10, 2022

Dear Friend of GATA and Gold:

Bullion Star analyst Ronan Manly writes that legislation proposed in the U.S. Senate to freeze Russian gold reserves, while laughably ignorant about the monetary metal, is likely to push the East toward a financial system based on commodities and away from Western currencies.

Manly's commentary is headlined "U.S. Tees Up 'Stop Russian Gold Act,' Triggering LBMA and Comex to Eject Russian Refiners" and it's posted at Bullion Star here: