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Pam and Russ Martens: Wall Street banks double down on risk, sell credit default swaps
By Pam and Russ Martens
Wall Street on Parade
Thursday, October 6, 2022
Last Thursday, while news outlets focused on videos of the devastating impact of Hurricane Ian on the southwest coast of Florida, two researchers at the Office of Financial Research published a breathtaking and almost surreal analysis of how the mega banks on Wall Street are once again doubling down on unprecedented risk with derivatives and threatening the financial stability of the United States.
The report was ignored by mainstream business media. ...
... For the remainder of the analysis:
... ADVERTISEMENT ...
Guanajuato Silver Production Up 85% from July to August
Company Announcement
Tuesday, October 4, 2022
VANCOUVER, British Columbia, Canada – Guanajuato Silver Co. Ltd. (TSXV:GSVR; OTCQX:GSVRF) is pleased to provide an operations update highlighting the impact of additional production from the company's recently acquired Topia and San Ignacio mines:
-- 267,525 ounces of silver equivalent (AgEq) produced in August 2022; up 122,864 AgEq ounces or 85% from July, which only included production from El Cubo.
-- Cash costs per AgEq ounce continue to decline at El Cubo with July costs declining to $12.85; costs also remain in-line with expectations Companywide at $15.09 in August.
-- Silver and gold recoveries for August were 88.9% and 85.6% respectively.
The company anticipates ending the year at a run rate of approximately 3.4M AgEq ounces per annum.
James Anderson, chairman and CEO said: "Within one week of closing our latest Mexican mines acquisition we had initiated mining of silver-rich material from San Ignacio and began transporting this material to El Cubo for processing. This rapid restart again highlights our team's ability to swiftly and successfully restart mines and move them toward full production. In addition, production of silver-lead-zinc concentrates from our Topia mine in the Durango state continued uninterrupted through our integration process. Rrefinements at both the Topia mine and plant have been initiated with planned improvements expected in the months ahead." ...
... For the remainder of the announcement:
https://www.gsilver.com/news/2022c/821-guanajuato-silver-production-increases-85-from-july-to-august
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New Orleans Investment Conference
Wednesday-Saturday, October 12-15, 2022
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
https://neworleansconference.com/wp-content/uploads/2022/07/NOIC_2022_powellgata.html
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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:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
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 bagman1236@aol.com.
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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 srenglert@comcast.net.
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