Famous "The King Report" financial market newsletter quotes BullionStar research on the silver market.
- 10 Feb 2021
On 9 February 2021, the famous daily market commentary “The King Report”, written by Bill King, market strategist of US based M.Ramsey King Securities, quoted the BullionStar research report by Ronan Manly about silver-backed ETF holdings in London vaults.
The King Report is one of the most respected subscription daily market commentaries about financial markets, and is a must read on Wall Street and in “some of the largest financial institutions throughout the US and Europe”. The King Report has been published daily for 27 years now, with the 9 February 2021 edition being Issue 6444.
Citing the recent BullionStar article titled '"Houston, we have a Problem”: 85% of Silver in London already held by ETFs', The King Report’s direct quote from the article to its audience was as follows:
“Which is why it now looks like the bullion banks torpedoed the COMEX / LBMA price of silver on Monday 1 February and Tuesday 2 February so as to paint the tape and attempt to break investor sentiment and prevent further inflows into the silver ETFs… In short, the scarcity of available silver in the London LBMA vaults is far more advanced than most people think…”Given that the audience of The King Report is Wall Street and the world’s investment and financial institutions, this is amazing reach for BullionStar’s research and in getting the message out about ETFs and LBMA silver holdings in London. The King Report is a subscription commentary and you can read about it here.