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TF Metals Report: The latest bank participation report
2:07p ET Tuesday, June 14, 2016
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson today updates the latest U.S. Commodity Futures Trading Commission report on the gold futures market positioning of bullion banks, notes that they are again hugely short, and complains that this signifies market manipulation rather than legitimate hedging. Ferguson's analysis is headlined "The Latest Bank Participation Report" and it's posted at the TF Metals Report here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
The Gold Mine Barrick Might Regret Having Sold
K92 Mining is poised for production at its Papua New Guinea gold project and has just listed on the Toronto Venture exchange under the symbol KNT.V.
The gold mining startup came together during one of the toughest periods in mining history.
K92's main asset is the Kainantu project, a large high-grade gold resource with extensive infrastructure including underground mine development, a mill processing facility, a fully permitted tailings pond, and paved roads. The infrastructure means K92 can aim to restart mining in the near term with minimal capital costs and seek to grow through cash-flow funded exploration on the roughly 405-square kilometer property, considered prospective for additional discoveries.
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