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John Kim: Bullion banks hemorrhaging silver on Comex
10:45p ET Wednesday, April 15, 2020
Dear Friend of GATA and Gold:
Financial analyst John Kim reports today that in the first nine days of April bullion banks have been called on to deliver a vastly greater than usual amount of silver against futures contracts sold on the New York Commodities Exchange.
Kim writes: "A few consecutive months at this pace will likely place extreme stress on the ability of Comex to back their silver futures trading with real physical silver, especially since two of the leading silver producers, Ecuador and Peru, ordered nationwide suspensions of all silver production recently in response to the coronavirus pandemic."
Kim's analysis is headlined "The Latest CME Stops and Issues Report Reveals that Bankers are Hemorrhaging Physical Silver to Start April" and it's posted at his internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Great Bear Expands Shallow High-Grade Gold
at LP Fault Including 42.70 g/t Over 3 Meters
Thursday, April 9, 2020
VANCOUVER, British Columbia, Canada -- Great Bear Resources Ltd. (TSX-V: GBR) today reported results from its ongoing fully funded $21 million exploration program at its 100-percent owned flagship Dixie Project in the Red Lake district of Ontario.
The company has completed 83 of approximately 300 planned drill holes into the LP Fault target, as part of its 5-kilometer-long by 500-meter-deep grid drill program.
Gold mineralization has been intersected in all the drill holes for which assays have been returned to date. ...
Drill results highlights:
-- New lateral and vertical drill spacing on 25–100 meter centers has confirmed apparent continuity of gold mineralization on multiple drill sections.
-- Drill hole BR-101 intersected multiple shallow mineralized intervals along 110 metres of core length. Assays include 42.70 grams per tonne gold over 3 meters, including 118.00 grams per tonne gold over a half meter, within a broader interval of 4.24 grams per tonne gold over 52.15 meters. ...
... For the remainder of the announcement:
Toast to a free gold market
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