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Craig Hemke: Futures trader positioning better for signalling tops than bottoms
3:18p ET Wednesday, November 22, 2017
Dear Friend of GATA and Gold:
Writing for Sprott Money, Craig Hemke of the TF Metals Report argues today that futures trading positioning data is far more reliable in warning of tops in monetary metals prices than signalling bottoms and that the metals can rally even when the bullion banks have not completed fleeced the rest of the traders. Hemke's analysis is headlined "Does the CoT Structure Prohibit a Rally?" and it's posted at Sprott Money here:
https://www.sprottmoney.com/Blog/does-the-cot-structure-prohibit-a-rally...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Gold Standard Ventures Infill Drilling Could Increase
Size and Grade of Pinion Oxide Gold Deposit in Carlin Trend
Company Announcement
Tuesday, November 21, 2017
VANCOUVER, British Columbia -- Gold Standard Ventures Corp. (TSX: GSV; NYSE:GSV) today announced results from 11 of 19 completed reverse-circulation and core holes at the Pinion oxide gold deposit on its ully owned and controlled Railroad Project in Nevada’s Carlin Trend.
These drill holes are a portion of Gold Standard’s 2017 US$15.5 million program, which includes up to 48,800 meters of reverse-circulation and core drilling in 117 holes.
The Pinion drilling was designed to 1) upgrade and potentially add to resources by reducing drill spacing in critical portions of the deposit and 2) expand drill coverage near the margins of the current pit design for possible resource additions.
All 11 drill holes intersected oxidized and altered multi-lithic dissolution collapse breccia, the principal Pinion host rock, and seven of the holes returned significant, higher-grade intercepts greater than 1 gram of gold per tonne. Results include 56.4 meters of 1.68 gram per tonne in PIN17-02, 42.7 meters of 1.23 gram per tonne in PIN17-10, 15.2 meters of 1.66 gram per tonne in PIN17-04, and 32 meters of 0.89 grams per tonne in PIN17-05. In most instances the new results either confirm or outperform the expectations in the current resource estimate block model. ...
... For the remainder of the announcement:
https://goldstandardv.com/news/2017/gold-standard-ventures-infill-drilli...
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