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Basel 3's approach tightens gold supply in London, trader Maguire says
10:43p ET Friday, June 4, 2021
Dear Friend of GATA and Gold:
Central banks in Russia, China, and other countries are increasing their competition for physical gold in the London market as the implementation of the Basel 3 regulations on "unallocated" gold draws near, bullion trader Andrew Maguire says in his weekly interview with Shane Morand for Kinesis Money.
... Dispatch continues below ...
Asante Gold Acquires Key Exploration Land
on Ashanti and Asankrangwa Gold Belts in Ghana
via Globe Newswire, Omaha, Nebraska
Friday, May 28, 2021
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE: ASE / Frankfurt: 1A9 / U.S. OTC: ASGOF) reports that it has received notice from the Minerals Commission of Ghana that eight highly prospective concessions covering approximately 314 square kilometers have been recommended for transfer to Asante.
These licenses are comprised of the Diaso (104.1 km2), Juabo (59.2 km2), Manhia (18.69 km2), Dunkwa Gyimigya (32.72 km2), Gyimigya (5.52 km2), Agyaka Manso (40.0 km2), Amuabaka (28.86 km2), and Nkronua-Atifi (24.97 km2) prospecting licenses. All licenses are being acquired as issued by the Minerals Commission from Goknet Mining Co. Ltd. pursuant to the terms of agreement with Goknet dated December 28, 2016.
The concessions were variously explored by Canadian exploration juniors Nevsun Resources, Tri-Star Gold, and Golden Rule Resources in the late 1990s and most recently by PMI Gold Corp. (now Galiano Gold) from 2002 through August 2014, when rights to the land were acquired by Goknet. ...
... For the remainder of the announcement:
Meanwhile the manipulative smashes of gold prices on the eve of futures market options expiration are becoming less effective, Maguire says, with prices bouncing back quickly amid heavy demand for real metal.
Maguire cites the recent commentary of Hugo Salinas Price of the Mexican Civic Association for Silver to the effect that Russia and China are coordinating the links between their currencies and gold in an effort to strike at the hegemony of the U.S. dollar:
Maguire's interview with Morand is 39 minutes long and can be seen at YouTube here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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