Acting as Fed's agent, Morgan is buying all silver to save Comex, Maguire says

Section:

2:10p ET Friday, September 18, 2020

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire today tells the TF Metals Report's Craig Hemke that the silver inventory of the exchange-traded silver fund SLV must be questioned because so many bars are being quickly credited to it even as the physical market is so tight that no one else can get metal without long delays.

... 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...


Maguire adds that a new physical gold and silver exchange is being created in London to compete with the London Bullion Market Association and require deliveries to be made within a day from metal already held on the exchange.

Further, Maguire says, on the basis of confidential sources, that JPMorganChase has cornered the physical silver market and has given at least one trading house an unlimited letter of credit to buy silver at any price. This, Maguire says, can be only a Federal Reserve operation to restore liquidity in silver to the New York Commodities Exchange's silver futures contracts.

Hemke's interview with Maguire is 42 minutes long and can be heard at the TF Metals Report here:

https://www.tfmetalsreport.com/podcast/10412/thursday-conversation-andre...

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

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