Daily Dispatches

9:40p ET Friday, November 19, 2021

Dear Friend of GATA and Gold:

The big shorts in New York Comex silver futures are frantically buying commitments from producers for as much physical metal as is available through next year and into 2022, London metals trader Andrew Maguire tells Kinesis Money's Shane Morand in their bi-weekly "Live from the Vault" interview. Maguire adds that the "Basel 3" banking regulations soon will push monetary metals prices up in the London market.

Maguire's interview with Morand is 29 minutes long and can be viewed at YouTube here:

By Dave Simpson, Rachel O'Brien, Dean Seal, Eric Kroh, and Jon Hill
Law360, New York
Saturday, November 13, 2021
 ·
LONDON -- Barclays Bank PLC, Scotiabank, Societe Generale, and the London Gold Market Fixing Ltd. agreed to pay $50 million to end claims that they illegally fixed prices on the gold market, the putative class of gold traders told a New York federal court Friday.

By Pam and Russ Martens
Wall Street on Parade
Thursday, November 18, 2021

Last Thursday, Hannah Levitt of Bloomberg News published a report about a large trader exodus at JPMorgan Chase. She wrote:

"... By this fall, many of the team's heaviest hitters had gone.

"The setting wasn't some struggling investment bank. It was the equity derivatives desk inside the mighty JPMorgan Chase & Co. -- one of many pockets of employee turnover that have erupted there in recent months, keeping the company's recruiters busy."

8:26a ET Thursday, November 18, 2021

Dear Friend of GATA and Gold:

Your secretary/treasurer, interviewed a few days ago by Patrick Vierra of Silver Bullion TV in Singapore, discussed gold market manipulation by investment house traders and governments, the likelihood that governments will revalue gold upward to make its rise look like their doing rather than the market's, and the Nazi German example of currency market rigging that the United States long has been following to expropriate the rest of the world.