tyb
Twilight Zone As ETF Provider Warns Buying Silver Will Harm Hedge Funds And Large Banks
Just over a week ago, we showed you how, following the #SilverSqueeze triggered surge in demand for physical silver, the 14 ETFs which claim to hold silver in LBMA vaults in London between them accounted for over 28,000 tonnes or 85% of all the silver said to be in those London vaults. And that the biggest of these ETFs, the infamous Blackrock managed iShares Silver Trust (SLV), which has JP Morgan London as custodian, accounted for over 70% of this total. And just a few days ago we showed you how, following the #SilverSqueeze induced surge in SLV trading from 29 January to 02 February on NYSE Arca, the very same SLV had quietly and without fanfare amended its Prospectus on 03 February conceding that there may not be enough silver bars available in London or elsewhere to add to the Trust, when it stated in its filing to the SEC that: “The demand for silver may temporarily exceed available supply that is acceptable for delivery to the Trust, which may adversely affect an investment in the Shares.
To the extent that demand for silver exceeds the available supply at that time, Authorized Participants may not be able to readily acquire sufficient amounts of silver necessary for the creation of a Basket. It is possible that Authorized Participants may be unable to acquire sufficient silver that is acceptable for delivery to the Trust for the issuance of new Baskets due to a limited then-available supply coupled with a surge in demand for the Shares.…In such circumstances, the Trust may suspend or restrict the issuance of Baskets.”
But as it turns out, as was to be expected, SLV was not the silver ETF to move to panic stations the week before last, for at the exact same time on 02 February, the Aberdeen Standard Physical Silver Shares ETF (SIVR), also using JP Morgan London as metal custodian and also traded on NYSE Arca, quietly amended it's Prospectus to both sinister and comical effect, and in stealthy fashion uploaded a new version of it’s Prospectus to the SEC website, inserting the following wording on page 6: “As of the date of this prospectus, an online campaign intended to harm hedge funds and large banks is encouraging retail investors to purchase silver and shares of Silver ETPs to intentionally increase prices. This activity may result in temporarily high prices of silver.”
But it gets better, for Aberdeen Standard, operator of SIVR (which claims to hold 1140 tonnes silver in London) and whose very rationale is to offer investors exposure to the silver price, seems to have a fundamental problem with the very silver price rising. Why else would Aberdeen Standard be afraid of a market force that “intentionally increases prices”? Unless of course that’s not what the ETF operator actually wants to happen. But it gets even better, for on page 7 of the amended SIVR Prospectus, Aberdeen Standard again confirms whose side it is really on and specifically why it is so scared of this online campaign to free the silver market from the clutches of the hedge funds and banks.
So there you have it, one of the biggest silver-backed ETFs in the world apart from SLV, with a claimed 36.7 million ozs (1140 tonnes) of silver stored in London with custodian JP Morgan, is worried not about the interests of its investors, but about the outstanding short interest silver positions of the hedge funds and large banks. And out of concern for these entities that are short, Aberdeen Standard in fearful of market forces which will 'intentionally increase silver prices'. Those with a sharp eye may also ponder why Aberdeen Standard is worried about a divergence between the trading price of SIVR and its NAV. And why would that be? Maybe it’s because the date of 03 February is the last time SIVR added any new silver holdings, a date on which it’s claimed silver holdings rose from 35.6 million ozs to 36.6 million ozs. But no increase in silver holdings since then. And also that none of the claimed SIVR silver is held in the vault of the infamous custodian JP Morgan in London, but all of the claimed silver is said to be held in the vaults of 3 SIVR sub-custodians, namely, Brinks, Malca-Amit and Loomis, the same 3 sub-custodians that SLV tapped in early February to pad out its bar list in the wake of a so called 3,400 tonnes increase in SLV silver allocations.
https://www.zerohedge.com/commodities/twilight-zone-etf-provider-warns-buying-silver-will-harm-hedge-funds-and-large-banks
JP Morgan Gold Vault London
https://www.bullionstar.com/gold-university/jp-morgan-gold-vault-london
well that didn't take long…
RCH716T USAF C-17 Globemaster that departed Charleston, SC is on approach at Milwaukee, WI-Mitchell Airport for moar equipment pickup
RCH723T USAF C-17 Globemaster departed Kalamazoo, MI and heading to Charleston SC Int'l Airport
'Roaring Kitty' sued for securities fraud over GameStop rise
Keith Gill, one of the most influential voices that pushed GameStop on the WallStreetBets Reddit forum, was hit with a securities class action that accused him of misrepresenting himself as an amateur investor and profiting by artificially inflating the price of the stock.
The proposed class action against Gill, who adopted the online nickname “Roaring Kitty,” was filed Tuesday in federal court in Massachusetts. The suit said Gill was actually a licensed securities professional who manipulated the market to profit himself.
See cap #2
“Gill’s deceitful and manipulative conduct not only violated numerous industry regulations and rules, but also various securities laws by undermining the integrity of the market for GameStop shares,” the suit said. “He caused enormous losses not only to those who bought option contracts, but also to those who fell for Gill’s act and bought GameStop stock during the market frenzy at greatly inflated prices.”
https://www.bnnbloomberg.ca/roaring-kitty-sued-for-securities-fraud-over-gamestop-rise-1.1564849
use red text next time faggot
we're a bit deaf in here from your repeated fake fights with oss.
fuggen faggits
>>57591 pb
SAM615 USAF G5 on descent for JBA from Rotterdam Int'l Airport after an overnight-inbound from Tel Aviv Ben Gurion Airport yesterday
This AC arrived on 0215 from a JBA depart and Brussels, Belgium ground stop to Tel Aviv
02-4452 USAFSOC C-32B departed McGuire AFB and likely heading to JBA
Twitter Cuts Bonuses By Nearly Half
Twitter is rewarding its its employees for a job well done by cutting their overall bonuses by nearly half, according to The Information. While the company said in a memo to employees that workers will still receive 100% of their bonus that's tied to personal performance - no matter how good their performance was, the company will pay just 7% of their 'corporate bonus' target, bringing the overall bonus target to 57%.
In previous years, employees received 100% of the corporate bonus target or more. According to an anonymous Twitter employee, the memo has infuriated lower-paid workers, who are more dependent on cash bonuses and won't receive the same level of stock-based compensation as upper management.
Twitter's Vice President of people and diversity, Dalana Brand, told The Information that performance bonuses are one component of an employee's overall compensation and is 'designed to be flexible.'
Meanwhile, Twitter CFO Ned Segal announced that the company is exploring whether to pay employees in bitcoin if they request it - which could mean that those with kneecapped bonuses who also want to be paid in crypto could take a significant hit in the event of a crypto crash. "We've done a lot of the upfront thinking to consider how we might pay employees should they ask to be paid in #bitcoin, how we might pay a vendor if they asked to be paid in #btc and whether we need to have #btc on our balance sheet," says @NedSegal $TWTR. pic.twitter.com/KjIgnqDmYC
— Squawk Box (@SquawkCNBC) February 10, 2021
At least they got their preferred candidate into office, even if the company's woke decision to kick former President Trump off the platform affects their 'corporate bonus' target.
https://www.zerohedge.com/technology/twitter-cuts-bonuses-nearly-half
ORDER66 USAF E-4BNightwatch done over Vandenberg AFB and se
ABIDE5:5' USAF C-5 Galaxy still over Vandy
68-10336 USAF U-2 right over Skunkworks at 60k ft
PACK91 USAF KC-46A Pegasus tanker off San Diego from MCAS Miramar
Robinhood to allow customers to deposit, withdraw cryptocurrencies
Robinhood, the trading app popular with young investors, said on Wednesday it intends to give customers the ability to deposit and withdraw cryptocurrencies, including the meme-based dogecoin. Robinhood said it does not currently invest in cryptocurrency or use any customer cryptocurrency for its own benefit.
https://www.reuters.com/article/crypto-currency-robinhood/robinhood-to-allow-customers-to-deposit-withdraw-cryptocurrencies-idUSL4N2KN3RT
file this under "will end poorly" for most
as long as dey keep it in LA county!
SAM680 USAF G5 departed McCarran Int'l Las Vegas after an overnight
This AC was VENUS42 yesterday and got pushed up north by ORDER66 E-4B nightwatch to Centennial Airport Denver so that the big boi could do some runway work prior to it's arrival at Edwards
Cap#2
ORDER66 USAF E-4B Nightwatch appears to be heading back to Edwards AFB after it's second trip around Vandenberg AFB
SAM652 USAF C-32A took a hard left at same point as SAM780 C-40B (State Dept AC) did yesterday after it's wandering trip from Stockton, CA
SAM780 yesterday
Cap#2