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Ed Steer: A golden rescue on the Comex?
By Ed Steer
Ed Steer's Gold and Silver Daily
via GoldSeek.com
Saturday, July 31, 2016
Once again I was wrong about this week's Commitment of Traders Report in silver for positions held at the close of Comex trading on Tuesday. Although the commercial net short position in gold decreased by the expected smallish amount, there was a tiny increase in silver once again.
But under the surface in the headline gold number was an absolutely stunning change that both Ted and I were shocked to see. It proves Ted’s premise that one of the smaller traders in the Big 8 category most likely had its financial back against the wall -- and had to get bailed out in whole or in part by one or more the Big 4 traders. More on that shortly, as first things first. ...
... For the remainder of the commentary:
http://news.goldseek.com/GoldSeek/1469994958.php
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
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