Craig Hemke at Sprott Money: Bullish data for Comex gold

Section:

6:52p ET Monday, August 13, 2018

Dear Friend of GATA and Gold:

The TF Metals Report's Craig Hemke, writing at Sprott Money, reports today that the bullion bank short position in gold futures appears to be the smallest it has been since 1998. But he adds that as long as China's central bank or the Bank for International Settlements keeps pegging the gold price to the falling yuan and Special Drawing Rights of the International Monetary Fund, the ordinarily bullish indicator of bullion bank positioning may not be operating normally.

Hemke concludes: "Watch the 'peg' and watch that trend line and try not to catch any falling knives before a change in these overriding factors finally appears."

Hemke's analysis is headlined "Bullish Data for Comex Gold" and it's posted at Sprott Money here:

https://www.sprottmoney.com/Blog/bullish-data-for-comex-gold-craig-hemke...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


ADVERTISEMENT

Juggernaut Commences Inaugural Drill Campaign on Its Midas Property

Company Announcement
via Globe Newswire
Tuesday, August 7, 2018

Juggernaut Exploration Ltd. (JUGR.V) reports that it has commenced diamond drilling with the addition of a second rig for the Midas property located near Terrace, British Columbia, Canada. The IP geophysical program on its Midas property is also underway.

Based on new exploration results Juggernaut is ramping up the drilling with the construction of up to 20 pads across both properties targeting multiple new discovery zones with up to three or more holes per pad. ...

Dan Stuart, director, president, and CEO of Juggernaut, says: "The 2018 program is off to a great start and has already exceeded our expectations with multiple new mineralized zones being discovered so early on, further demonstrating the enormous untapped potential of both the Empire and Midas properties. Both properties are 100-percent controlled and located in a world-class geological setting in close proximity to infrastructure. We look forward to reporting drill results once assays have been received, complied, and interpreted." ...

For the remainder of the announcement:

https://globenewswire.com/news-release/2018/08/07/1547980/0/en/Juggernau...



Join GATA here:

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Thursday-Sunday, November 1-4, 2018
http://neworleansconference.com/wp-content/uploads/2018/07/NOIC_2018_Pow...

* * *

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16