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London metals trader Maguire and GATA consultant Organ discuss collapse of fractional-reserve gold banking system
10:41p Tuesday, July 7, 2020
Dear Friend of GATA and Gold:
The imminent collapse of the fractional-reserve gold banking system is the primary topic of a discussion between London metals trader and Kinesis Money founder Andrew Maguire and GATA consultant Harvey Organ, a student of the gold and silver markets for 50 years.
-- Organ's lifelong interest in the monetary metals.
-- His association with U.S. Commodity Futures Trading Commission member Bart Chilton.
-- His testimony to the commission's 2010 hearing on gold and silver futures at which it was revealed that trading leverage approaches a ratio of 100 to 1.
... Dispatch continues below...
Enduro Metals Reports Drill Intercept Cut
144 metres of 3.18 g/t Gold; Identifies
Additional Gold Targets at Newmont Lake
in British Columbia's Golden Triangle
Monday, July 6, 2020
KELOWNA, British Columbia Canada -- Enduro Metals Corp. (TSXV: ENDR; OTC: SIOCF; FSE: SOG-FF), formerly Crystal Lake Mining, is pleased to report drill results as part of the ongoing exploration program on the company's 551-square-kilometer Newmont Lake Project in the heart of British Columbia's Golden Triangle.
These results are from previously unsampled drill core by a previous operator whose focus was on narrow high-grade intersects, with the result that only a portion of the core was previously sampled. Infrastructure in the region has greatly improved, including power and road access now within 16 kilometers, leading to a dramatic change in the approach to exploration and potential development at Newmont Lake.
An ongoing comprehensive technical review of the project recently identified three gold mineralization styles associated with the 20-kilometer-long McLymont Fault, one of multiple target areas within the Newmont Lake Project. The study determined that previous operators did not identify all gold mineralization styles, and as a result only 19 percent of the total drill core has been assayed to date. ...
... For the remainder of the announcement:
-- The mishandling of the gold and silver he was vaulting at Scotiabank in Toronto and his struggle to recover it.
-- The unreliability of the exchange-traded silver fund SLV.
-- The big recent changes in the gold and silver market, including the sudden transformation of the New York Commodities Exchange -- the Comex -- from a derivatives market to a physical market.
-- What appears to have become a run on Comex gold and silver.
-- And Organ's expectation that only physical gold and silver markets will survive in the future.
The interview is nearly an hour long and can be viewed at You Tube here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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