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Shorts losing control of gold and silver, cascading defaults possible, Steer says
6:26p ET Wednesday, November 12, 2025
Dear Friend of GATA and Gold:
Interviewed this week by the CapitalCosm channel at YouTube, GATA board member Ed Steer, publisher of Ed Steer's Gold and Silver Digest, says the longstanding shorts have lost control of the gold and silver markets and a delivery failure in one commodity futures market may trigger a cascade of short covering and defaults in other commodity futures markets.
The interview is 38 minutes long and can be viewed at the CapitalCosm channel at YouTube here:
https://www.youtube.com/watch?v=diF97GqbjXo
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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Power Metallic Intercepts 5.35 Meters of 11.97% Cu (16.35% CuEqRec) in Hole 25-022 Infill Drilling,
Expanding the Lion Zone and Provides Updates on Fall/Winter Drill Program and Land Assembly
Company Announcement
November 4, 2025
TORONTO -- Power Metallic Mines Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) provides a release of assays from its summer drill program and an update on its land assembly activities, together with an outlook to the fall and winter key exploration objectives.
Summer Drilling Release 2 -- Lion–Tiger Area
The summer drilling program was designed to search for extensions to the Lion Zone, specifically down plunge from known mineralization, and to infill drill, including "edge" holes, on the Lion zone to define the zone geometry to a confidence level that would allow a future mineral resource estimate to be carried out to an Indicated Resource classification.
Extensional Drilling Results
Extensional drilling was slow during the summer program as technical problems with the helicopter-supported drills led to lost holes (such as holes PML-25-019 and 024a in this release) that did not reach the mineralization horizon for Lion. Hole PML-25-017 has extended the zone to the west but failed to intersect the high-grade massive sulphide portion of the Lion zone and returned a disseminated zone of 7 meters @ 1.41% CuEqRec 1 that confirms the extension of the mineralizing Lion structure, which will see continued follow-up in the 2025 fall program. ...
... For the remainder of the announcement:
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