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Ted Butler: Watch out when investment demand collides with industrial demand for silver
1:08p ET Saturday, August 8, 2020
Dear Friend of GATA and Gold:
Silver market analyst and manipulation whistleblower Ted Butler writes that the metal's vast industrial applications and myriad users will make it impossible for its price to be suppressed forever. Indeed, Butler writes, if industrial demand ever collides with new investment demand, a buying panic could result.
Butler writes: "One special factor exists in silver that just doesn't exist in any other commodity (and for the record, industrial user buying panics can't exist in gold, simply because there is so little industrial consumption for gold). Unlike any other industrial commodity, every one of which is capable of experiencing an industrial user buying panic, only silver is also a basic investment asset. Only silver has a dual demand profile -- both industrial and investment. This makes silver unique, as users and investors can and will compete with each other -- users due to delivery delays, investors because of rising prices -- in the coming perfect storm."
Butler's analysis is headlined "Don't Forget Silver Users" and it's posted at GoldSeek's companion site, SilverSeek, here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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:
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:
Toast to a free gold market
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