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Eric de Carbonnel: Acquiring AIG, U.S. govt. assumed huge commodity shorts
8:35p ET Monday, April 25, 2011
Dear Friend of GATA and Gold (and Silver):
In commentary posted tonight at 24hGold, Eric de Carbonnel of Market Skeptics discloses that in taking over the bankrupt insurer and derivatives game player AIG the U.S. government apparently inherited a huge commodities short position -- which, of course, doesn't include the short positions in gold and silver nominally held by J.P. Morgan Chase and HSBC, which in all likelihood also are U.S. government market-manipulating positions. De Carbonnel's commentary is headlined "AIGFP's Massive Short Position In Commodities (Which Now Belongs to the Government)" and you can find it at 24hGold here:
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CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Canuc Resources Pursues Ecuador and Nova Scotia Gold Projects
Canuc Resources Corp. (TSX: CDA) has confirmed high-grade gold and the potential for large-tonnage, low-grade copper and gold mineralization at its primary asset, property in the historic Nambija gold mining district in southeastern Ecuador.
Last November Canuc took an option on the Mill Village gold property in southwestern Nova Scotia, which includes two past-producing mines. Canuc plans to begin surface and underground exploration at Mill Village in the next several weeks, financed by $2 million recently raised through a private placement.
To generate immediate income, Canuc is acquiring MidTex Oil and Gas Co., owner of a producing gas well and a lease on 320 acres in Stephens County, Texas.
Canuc's CEO, Gary Lohman, has more than 30 years of experience in the mining industry, primarily as a geologist, and the company's officers include similarly experienced people.
For more information about Canuc, please visit http://www.canucresources.ca/.
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Today a dollar is worth 80 percent less than it was 40 years ago, and less than 5 percent of its value a hundred years ago. We deserve a dollar that is as good as gold, a dollar that will hold its value from year to year so we can be financially secure and our economy can generate more and better jobs.
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