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Silver so tight it's about to blow sky-high, Steer tells Palisades Gold Radio
8:15p ET Thursday, February 19, 2021
Dear Friend of GATA and Gold:
GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest letter, was interviewed yesterday by Tom Bodrovics of Palisades Gold Radio, discussing the huge short position in the silver futures market held by bullion banks.
Steer says the bullion banks are desperate to induce contract holders to postpone delivery of metal, whose supplies are very tight. Meanwhile premiums on silver coins and bars have risen far above nominal "spot" prices, Steer says.
... Dispatch continues below ...
Asante Gold Announces Kubi 3D Model
Extends Gold Mineralizing System
Company Announcement via Globe Newswire
Thursday, July 2, 2020
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE / Frankfurt:1A9 / U.S.OTC: ASGOF) has received the results of 3D magnetic modeling completed over its Kubi mining lease in the Ashanti Gold Belt in Ghana.
The results show that the Kubi Main Zone gold resource is intimately associated with and interfingers the western sheared contact of a magnetic high feature that plunges to more than 2 kilometers in depth. Here is the 3D model video:
http://www.asantegold.com/assets/Video/SEMSpitMagSmthCore.mp4
In Ghana, Africa's largest gold producer, many big mines are located along northeast-trending regional shear systems that exceed 250 kilometers in length. Studies indicate that the hydrothermal gold mineralizing system that generated the Ashanti Gold Belt deposits was "gigantic and extended to at least 10 to 15 kilometers in depth" (Schmidt Mumm et al., 1996). The Ashanti shear zone hosts the largest single gold resource in Ghana, the 66-million-ounce Obuasi mine. This major shear zone cuts Kubi 15 kilometers southwest of Obuasi. ...
... For the remainder of the announcement:
https://www.globenewswire.com/news-release/2020/07/02/2056982/0/en/Asant...
If manufacturers that use silver ever move to protect themselves by taking delivery of metal for more than immediate needs, Steer says, the market will not be able to provide it without much higher prices.
The interview is headlined "Silver Price Is About to Blow Sky-High," is 29 minutes long, and can be viewed at Palisades Gold Radio here:
https://www.youtube.com/channel/UC6X0ttmzTAJt_2ebcqcIbYw
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA
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Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
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