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Craig Hemke at Sprott Money: Clearing the Comex decks
10:40p ET Tuesday, June 9, 2020
Dear Friend of GATA and Gold:
Positions of both speculators and bullion banks in gold futures contracts on the New York Commodities Exchange have been steadily declining, the TF Metals Report's Craig Hemke writes tonight at Sprott Money.
This, Hemke writes, suggests that there is no speculative bubble and that the banks are getting out of the way of an imminent rally.
Hemke's analysis is headlined "Clearing the Comex Decks" and it's posted at Sprott Money here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Great Bear Drills 30.51 Grams/Tonne Gold
Over 12.40 meters at LP Fault in Ontario
VANCOUVER, British Columbia, Canada -- Great Bear Resources Ltd. (TSX-V: GBR; OTCQX: GTBAF) 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.
Chris Taylor, president and CEO, said: "The LP Fault continues to demonstrate excellent continuity of near-surface high-grade gold, and has just yielded the highest-grade, widest-drill interval to date. Deeper drilling toward the northwest margin of our planned grid program has also extended high-grade gold mineralization in this area.
"Having completed our upsized private placement, we have over $50 million in cash and sufficient capital to continue aggressive drilling into 2022. Updated exploration plans reflective of our ability to undertake an expanded fully-funded drill program will be provided in the near future." ...
... For the remainder of the announcement:
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