You are here

Dave Kranzler: A bottom in gold and silver?

Section: Daily Dispatches

By Dave Kranzler
Investment Research Dynamics, Denver
Monday, April 5, 2021

The downtrend in the precious metals sector that began in August has been punctuated over the last month with one of the most aggressive and blatant price manipulation efforts that I have witnessed in 20 years. 

While no one can prove it without access to the inside books at the Comex, I believe the price attack over the last 10-14 days was aimed at encouraging longs either to dump their April gold contracts or roll them out to June. Most of the price decline over this period -- in fact over the last six months -- occurred only after India and China and the rest of the Eastern Hemisphere physical buyers had closed shop for the day, leaving only the paper gold traders to play in the unsupervised silver and gold paper sandbox.

... Dispatch continues below ...


Trillium Gold Reports More High-Grade Gold Results at Newman Todd With Final 2020 Drill Results

Company Announcement
via PRNewswire, New York
Thursday, April 1, 2021

VANCOUVER, British Columbia, Canada -- Trillium Gold Mines Inc. (TSXV: TGM, OTCQX: TGLDF, FRA: 0702) reports the final results from the company's 2020 drill program at its flagship Newman Todd property in Red Lake, Ontario. The Newman Todd Zone (NT Zone) is a 2.2-kilometer-long structural target situated 26 kilometers from Evolution Mining's Red Lake operations.

Results from the final 4 drill holes of the 2020 drill campaign (NT20-176, NT20-178, to 180 totalling 1,862 meeters) are now complete and compiled. The large backlog of samples at the lab has been rectified and overdue results from our 2021 drilling are now being received. This brings total drilling at Newman Todd in 2020 to 6,081 meters in 16 drill holes, the first drilling since 2013 on the property.

"Drilling at Newman Todd continues to deliver gold even as we step toward the northern boundary. These results have aided us significantly in our reinterpretation of the structures controlling mineralization within the NT Zone and have helped with the new modeling, which is directing our current drilling," says Bill Paterson, Trillium Gold's vice president of exploration. ...

... For the remainder of the announcement:

The motive is to disincentivize Comex paper gold longs from standing for delivery as well as attempt to scare off the growing army of retail investors who have been buying an enormous amount of silver products at the retail level. I believe the bank vaults are highly stressed right now to make deliveries to the east. 

The price smash over the last week took the April gold open interest from more than 100,000 contracts late last week to just 27,000 by Wednesday's Comex close, first notice day for April gold. In all likelihood, if all 27,000 were to stand for delivery, that amount is far more manageable than 50,000 or 100,000.

I also believe there's a real problem with physical supply, which is why the various sovereign mints (U.S., Canada,U.K., and Australia) have sharply reduced the amount of gold and silver products they will produce until further notice. ...

... For the remainder of the analysis:

* * *

Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

Buyers can compose their case by choosing as many as four varietals from the list here:

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

To order a case of GATA-label wine, please e-mail Fay J Winery at:

* * *

Support GATA by purchasing
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 --

-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at

* * *

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:

To contribute to GATA, please visit: