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Shanghai pressures gold paper markets, and China remonetizes silver
8:48a ET Saturday, July 2, 2016
Dear Friend of GATA and Gold:
USAGold's July letter notes that the Shanghai Gold Exchange is almost entirely a physical market, that it seems to be putting pressure on gold derivatives markets in the West, and that China's purchases of silver have been rising dramatically lately, indicating that China sees silver as being just as much a monetary metal as gold. Of course for many decades China's primary money was silver. The USAGold letter is posted here:
http://www.usagold.com/publications/NewsViewsJuly2016.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
The Gold Mine Barrick Might Regret Having Sold
K92 Mining is poised for production at its Papua New Guinea gold project and has just listed on the Toronto Venture exchange under the symbol KNT.V.
The gold mining startup came together during one of the toughest periods in mining history.
K92's main asset is the Kainantu project, a large high-grade gold resource with extensive infrastructure including underground mine development, a mill processing facility, a fully permitted tailings pond, and paved roads. The infrastructure means K92 can aim to restart mining in the near term with minimal capital costs and seek to grow through cash-flow funded exploration on the roughly 405-square kilometer property, considered prospective for additional discoveries.
For more information, please visit:
https://ceo.ca/@tommy/the-gold-mine-barrick-might-regret-selling
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2016
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http://neworleansconference.com/
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https://jeffersoncompanies.com/landing/2014-av-powell
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http://www.goldrush21.com/order.html
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http://gata.org/node/wallstreetjournal
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