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Dave Kranzler: Central banks try to scare the crap out of the gold market
12:51p ET Monday, June 26, 2017
Dear Friend of GATA and Gold:
Dave Kranzler of Investment Research Dynamics today quotes an explanation for today's central bank flash crash in gold, provided by gold market analyst John Brimelow of John Brimelow's Gold Jottings report:
"The day was well chosen as the Muslim world including Turkey was closed for the end of Ramadan, as was India, which has the amiable habit of observing the holidays of religious minorities."
Kranzler adds: "Four a.m. Eastern time is one of the slowest, lowest-volume trading periods during any 24-hour period. Why would a seller of a large number of contracts sell at that time of day when the largest buyers of what is being sold are not in the market at the time of the sale?"
He answers his own question: "to scare the crap out of the market."
Kranzler's commentary is headlined "Central Bank Intervention Slams Paper Gold" and it's posted at the IRD internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Newrange Gold Stakes 111 Additional Claims at Its Pamlico Gold Project in Nevada
Monday, June 26, 2017
VANCOUVER, British Columbia, Canada -- Newrange Gold Corp. (TSX-V: NRG, US: CMBPF) is pleased to report that the company has staked 111 new claims at the company's Pamlico Project in Nevada. The new claims:
-- Add 928 hectares to property.
-- Increase property by 75 percent to 2,165 hectares.
-- Better encompass the dominant gold trends in the area.
-- Cover areas of prospects and mine workings with historic surface samples ranging from 0.5 to 3.0 grams of gold per metric tonne in highly deformed and altered carbonate sediments.
-- Add multiple prospective targets in favorable volcanic rocks known to host high-grade gold mineralization as currently being explored in the Merritt Zone.
-- Provide a significant exploration and operational "buffer" around previous holdings. ...
... For the remainder of the announcement:
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