At KWN, Turk says silver is leading gold; Macleod says gold's rise scares Comex

Section:

11:20a ET Saturday, August 29, 2020

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk tells King World News that the contracting gold-silver ratio shows that silver is leading the precious metals higher.

Gold and silver mining company shares remain undervalued, Turk adds, even as rising metals prices promise exponential increases in company earnings.

... Dispatch continues below ...


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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...



The interview with Turk is 15 minutes long and can be heard at KWN here:

https://kingworldnews.com/what-is-happening-right-now-in-the-silver-mark...

Also at King World News, GoldMoney research director Alasdair Macleod reports that bullion banks remain heavily short gold futures contracts, and the New York Commodities Exchange seems scared of growing demands for delivery, having just added 162 brands of gold bars to its authorized list. Macleod's comments are posted at KWN here:

https://kingworldnews.com/another-gold-squeeze-bullion-banks-need-all-th...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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