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New 'In Gold We Trust' report shows why gold should be way up, not why it isn't
11:18a ET Thursday, June 2, 2022
Dear Friend of GATA and Gold:
The new annual "In Gold We Trust" report from financial house Incrementum's Ronald-Peter Stoferle and Mark J. Valek has been published, containing a zillion reasons why gold should be going way up in price but not much if anything about why it hasn't gotten there. For that information you're probably still stuck with GATA. (As the White Queen told Alice: "Jam tomorrow and jam yesterday, but never jam today.")
The report may be most interesting for the transcript of a long discussion among the report's authors and GoldMoney research director Alasdair Macleod, who at least remarks that central banks are "sitting on the price of gold ... because it's a rival in this fiat paradigm." Macleod, whose commentaries are often cited by GATA, believes that central banks eventually will be compelled to avert destruction of their currencies by returning them to some form of gold backing.
Incrementum's new "In Gold We Trust" report is titled "Stagflation 2.0" and can be downloaded here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
... ADVERTISEMENT ...
Prime Mining Intercepts 62 gpt Gold and 978 gpt Silver over 3.6 Meters
in Step-Out Drilling at Guadalupe East Deposit in Mexico
Wednesday, June 1, 2022
VANCOUVER, British Columbia, Canada -- Prime Mining Corp. (TSX-V: PRYM, OTCQB: PRMNF, Frankfurt: 04V3) announces additional Phase 2 drill results from 12 step-out drill holes at the Guadalupe East deposit in Mexico. Guadalupe East is one of eight known gold-silver deposits that comprise the current resource at Los Reyes.
22GE-53 has four intercepts:
-- 61.99 grams per tonne gold and 977.6 gpt silver over 3.6 meters estimated true width and 9.67 gpt gold and 314.0 gpt silver over 1.1 m estimated true width.
-- 9.67 gpt gold and 314.0 gpt silver over 1.1 meters etw.
-- 3.01 gpt gold and 220.0 gpt silver over 1.0 meter etw.
-- 5.90 gpt gold and 341.0 gpt silver over 0.7 meters etw. ...
Chief Executive Officer, Daniel Kunz commented: "The high-grade drill results reported today will continue to expand the resource potential at Guadalupe East considerably. We are encouraged by multiple intercepts of high-grade gold-silver mineralization being encountered in individual drill holes on the west end of this area. We await assay results from more step-out drill holes and expect to report these results as soon as they become available. Ongoing drilling has now defined the Guadalupe East vein group length over 420 meters and the total strike length of the Guadalupe East vein system now over 1,000 metres.” ...
... For the remainder of the announcement:
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