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Dave Kranzler: Fed discontinues publishing still more important economic data
By Dave Kranzler
Investment Research Dynamics, Denver
Tuesday, May 11, 2021
Over the years I've learned to keep one hand on my wallet and one hand on my physical gold and silver safe when a Federal Reserve official promises more transparency.
Right after Federal Reserve Chairman Ben Bernanke promised more transparency, the Fed decided to no longer report the M3 measure of the money supply. The United States is the only major industrialized country that does not report M3.
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Asante Gold C$5 Million Placement Is Oversubscribed
and Another C$2 Million Is Accepted;
Drilling Finds 7.47 g/t Gold over 30 Meters
Monday, March 22, 2021
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE, Frankfurt: 1A9, U.S. OTC:ASGOF) announces that assays have been received for the first hole of a three-hole geotechnical drill program at our Kubi Gold project in Ghana.
DDHK21-001 was collared approximately 100 meters to the north of the Kubi Pit, near the middle of the 1Kubi Main Mineral Resource. On this section gold mineralization has been previously outlined to a depth of 450 meters. The gold is free milling and occurs within a near vertical 1-kilometer by 1-meter to 15-meter-thick shear-bounded "garnet" zone.
Gold is associated with up to 30% garnet and 15% sulfide mineralization and as coarse gold in late quartz veins.
The drilling has confirmed typical Kubi Main Zone gold mineralization.
-- 30 meters grading 7.47 g/t gold (true width estimated at 7.5 meters), including:
-- 14.31 g/t over 10 meters.
-- 5.69 g/t over 9.0 meters.
-- 10.75 g/t over 16 meters.
Given the presence of visible gold and the numerous high assays received, samples have been resubmitted for screened metallics assays, which give more exact results when coarse gold is present. Further results will be announced as received. ...
... For the remainder of the announcement:
With Jerome Powell at the helm, earlier this year the Fed quietly obscured the distinction between the M1 and M2 money supply measures, making it almost impossible to distinguish between bank demand and term deposits.
This is important because each classification provides information about the relative liquidity of the banking system. Now that distinction is impossible to assess.
Today the Chicago Fed announced that it would discontinue publishing the Midwest Economy Index after the June 30, 2021 release. ...
... For the remainder of the analysis:
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