You are here
Ronan Manly: Comex bombshell -- most eligible vaulted gold has nothing to do with Comex
9:50a ET Thursday, April 16, 2020
Dear Friend of GATA and Gold:
While CME Group, operator of the New York Commodities Exchange, and the London Bullion Market Association have been proclaiming in recent days that gold supplies are ample, Bullion Star researcher Ronan Manly discloses today that CME Group last week told a completely different story to the U.S. Commodity Futures Trading Commission.
Manly cites a CME Group filing with the commission estimating that half or more of the "eligible" gold reported in Comex-approved vaults may have been placed there without any intent to connect it with futures trading -- that it may be vaulted simply as long-term investment.
... Dispatch continues below ...
Asante Gold pursues high-margin, low-capex projects
in Ghana, Africa's largest and safest gold producer
Asante Gold Corporation (CSE:ASE / Frankfurt: 1A9 / U.S.OTC:ASGOF) is focused on developing high-margin, low capital-expense gold projects in Ghana, Africa's largest and safest gold producer.
Our experienced team members have developed 18 million ounces of gold resources in Ghana and have managed its largest underground mine.
We plan to develop our projects in a safe and environmentally sustainable way using new green technology and methods.The first mine we plan to build, Kubi, will be powered by a four-megawatt solar plant.
We believe gold is the only real money and is the basis of all money. We believe in sharing our future earnings with our shareholders. We invite you to join with us to help us finance and grow in this new 2020 super bull gold market. Visit us here:
Manly writes: "The importance of this CME admission cannot be overstated. What the Comex has now revealed to the CFTC is that there is far less physical gold available in the New York vaults that can be used for gold futures contract deliveries, because the CME, in its own estimate revision, has just slashed the largest deliverable supply category by half."
Manly's report is headlined "Comex Bombshell -- Most Eligible Vaulted Gold Has Nothing to Do with Comex" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
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:
Buyers can compose their case by choosing as many as four varietals from the list here:
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 email@example.com.
* * *
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 firstname.lastname@example.org.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit: