Ronan Manly: LBMA is little more than a front for the Bank of England's FX office
12:50p ET Sunday, September 25, 2016
Dear Friend of GATA and Gold:
Gold researcher Ronan Manly today details how the London Bullion Market Association, the organization of major gold and silver bullion dealers, is almost entirely the creation and agent of the Bank of England's foreign exchange office, though the central bank's day-to-day operations with the association are kept secret. Since the central bank vaults most of the gold nominally owned by the bullion dealers and gold trading in London is largely a matter of changing book entries rather than moving gold around between vaults, the association looks even more like a front for the central bank. Manly's report is headlined "Blood Brothers: The Bank of England and the London Bullion Market Association" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
K92 Mining Shows What 'Fast Track' Really Means
By Kevin Silva
Market One Media, Vancouver, British Columbia, Canada
via Business News Network, Toronto
September 18, 2016
"Fast-tracking" is an overused phrase in the mining sector. But K92 Mining Inc. (TSX.V: KNT) has demonstrated exactly what that concept means.
Less than four months after going public on May 25, the company has completed additional financings totaling $18.5 million. It also refurbished the mill and mine facilities with enhanced processing capacity and has two drills turning onsite. With all this accomplished, production looks to be just days away.
"The technical team on site has done an excellent job with the production restart, and we are on schedule and on budget," says Director and Chief Operating Officer John Lewins. "With that focus on track, and with the enhanced financial flexibility resulting from our recent financings, we are now looking to target a resource expansion that we believe exists."
K92 has under-promised and over-delivered. ...
... For the remainder of the announcement:
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