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J.S. Kim: The real short squeeze is in gold and silver, not GameStop

Section: Daily Dispatches

11:06a ET Thursday, February 4, 2021

Dear Friend of GATA and Gold:

Market analyst John S. Kim writes today that the real financial market squeeze is in gold and silver, not GameStop and AMC Entertainment shares.

Kim writes: "If Redditors were outraged by the 140% short position of hedge funds against GameStop shares, they should be outraged by the 5,000% (in excess of 500 times) of traded silver ounces in the New York silver futures market and the excess of 100 times of traded gold ounces in the New York gold futures market almost every year in comparison to annual global gold and silver production, as my noble friends at GATA have tirelessly worked to expose."

Kim's analysis is headlined "The Real Squeeze is in Gold and Silver, not in GameStop and AMC" and it's posted at his internet site here:

https://maalamalama.com/wordpress/the-real-short-squeeze-is-in-gold-and-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


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Asante Gold Announces Kubi 3D Model
Extends Gold Mineralizing System

Company Announcement via Globe Newswire
Thursday, July 2, 2020

VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE / Frankfurt:1A9 / U.S.OTC: ASGOF) has received the results of 3D magnetic modeling completed over its Kubi mining lease in the Ashanti Gold Belt in Ghana.

The results show that the Kubi Main Zone gold resource is intimately associated with and interfingers the western sheared contact of a magnetic high feature that plunges to more than 2 kilometers in depth. Here is the 3D model video:

http://www.asantegold.com/assets/Video/SEMSpitMagSmthCore.mp4

In Ghana, Africa's largest gold producer, many big mines are located along northeast-trending regional shear systems that exceed 250 kilometers in length. Studies indicate that the hydrothermal gold mineralizing system that generated the Ashanti Gold Belt deposits was "gigantic and extended to at least 10 to 15 kilometers in depth" (Schmidt Mumm et al., 1996). The Ashanti shear zone hosts the largest single gold resource in Ghana, the 66-million-ounce Obuasi mine. This major shear zone cuts Kubi 15 kilometers southwest of Obuasi. ...

... For the remainder of the announcement:

https://www.globenewswire.com/news-release/2020/07/02/2056982/0/en/Asant...


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http://www.gata.org/files/GATA-4-wine-bottles.jpg

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"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 --

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-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

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