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Ted Butler: A gold whale surfaces
By Ted Butler
Thursday, September 9, 2021
Compelling data in recent commitments of traders reports point to the emergence of a very large buyer in Comex gold futures.
The last four CoT reports, starting with the report for positions held as of August 10, show a dramatic increase on the long side in gold for the four largest traders (not to be confused with the concentrated short position I speak of regularly, particularly in silver).
... Dispatch continues below ...
Awakening a Sleeping Giant in Ghana: Asante Gold Acquires Past-Producing Bibiani Mine
From Golden Opportunities / Gold Newsletter
Tuesday, August 17, 2021
Asante Gold (ASE.CN; ASGOF.OTC) has just acquired a past-producing gold mine in Ghana that boasts near-term production potential and huge upside.
With the move, Executive Director Malik Easah is seeking to repeat his success with Cardinal Resources, another gold company with a Ghana project that he recently sold for A$600 million.
It’s a deal that came like a bolt from the blue.
Just a few weeks ago Asante Gold catapulted itself from a relatively sleepy gold story into a major development-stage company set to breathe new life into Ghana's huge, past-producing Bibiani mine. ...
... For the remainder of the report:
Data over the past four reporting weeks indicates that a large non-commercial trader has amassed as many as 40,000 Comex gold contracts, the equivalent of 4 million ounces of gold.
In addition to the concentrated long position being among the highest on record, even more interesting is that the sharp increase began during the reporting week corresponding to the recent deliberate smash down in gold and silver prices into August 9.
What this indicates is that the large non-commercial trader, most likely included in the Other Large Trader reporting category, bought most aggressively into that price smash -- apparently by design. ...
... For the remainder of the analysis:
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