Bullion Star graphic describes how 'paper gold' controls the metal's price
1:10p ET Monday, February 20, 2017
Dear Friend of GATA and Gold:
Bullion Star today publishes an elaborate informational graphic describing how bullion banks create almost infinite amounts of imaginary "paper gold" to control the monetary metal's price and prevent the price from being determined by physical demand.
Bullion Star summarizes the graphic's topics this way:
-- The identities of the bullion banks.
-- The fractional-reserve nature of bullion banking and the paper gold creation process.
-- How the staggeringly large paper gold trading volumes are generated.
-- The gold price discovery process and how the price of gold is set in London by unallocated trading that channels gold demand away from real physical gold and into paper.
-- The secretive nature of the bullion banking club and how its activities in the City of London are deliberately shrouded in secrecy.
-- How new participants in the London gold market claim to be providing competition but are actually perpetuating the underlying unallocated gold account system of trading.
The graphic can be found at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
K92 Mining Drills Multiple High-Grade Gold Intersections
Friday, January 27, 2017
K92 Mining Inc. (TSXV–KNT) announces the latest results from the ongoing grade control drilling program at its high-grade Kainantu Gold Mine in Papua New Guinea. K92 is ramping up the Kainantu gold mine toward commercial production, with its longest continuous production run to date now commenced.
In September 2016 K92 began a campaign of close-spaced underground diamond drilling as part of a comprehensive grade-control strategy. The current grade-control drilling program is focused on the areas of Irumafimpa and is designed to bring a high degree of confidence to the production planning and scheduling. K92 plans to mine this area in the coming six months. The closed-space drilling pattern of approximately 15 metres by 15 meters has significantly increased the confidence in this sparsely drilled area, with most holes recording high-grade intersections. Approximately 80 percent of the holes completed to date have recorded multiple high-grade intersections indicating the presence of multiple parallel to sub parallel high-grade veins. ...
... For the remainder of the announcement:
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