You are here
How far we have come, and how much farther we yet must go
12:30p ET Tuesday, February 2, 2021
Dear Friend of GATA and Gold (and Silver):
Maybe this is a small indication of how far GATA has come and how far we still must go if the rigging of the monetary metals markets is ever to be overthrown for the reasons of justice, humanity, and economics we have tried to articulate for 20 years.
On Friday your secretary/treasurer got a most surprising e-mail. It was from a reporter for a major international financial publication on whose electronic door GATA long has been knocking. The reporter himself long has been sent GATA's more important findings.
... Dispatch continues below ...
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...
Once a few years ago your secretary/treasurer actually got inside this publication's headquarters to plead GATA's' case for 45 minutes. A few years before that he was invited to speak about gold market rigging at a dinner attended by a top editor for the publication, to whom the major documents available at the time were then handed personally.
So while this publication long has been receiving all the major documentation GATA has compiled about surreptitious government intervention against gold, it has remained indifferent to the issue.
The reporter who wrote Friday was seeking comment from GATA about the plan of the Reddit/Wall Street Bets crowd to squeeze what it perceived as the huge short position in silver.
Delighted to be asked, your secretary/treasurer quickly replied:
"If Reddit-inspired investors think that some powerful elements, with the surreptitious support of governments and central banks, are shorting silver and silver mining company stocks in pursuit of suppressing the price of a monetary metal that potentially competes with government currencies and bonds, of course I agree with them.
"If they think they can defeat governments and central banks, creators of infinite money, as easily as they can defeat a hedge fund or two, I admire their courage and wish them the best of luck.
"I would encourage them to inquire into the use of the Central Bank Incentive Program sponsored by CME Group, operator of the major U.S. futures exchanges, which provides volume trading discounts to governments and central banks for their surreptitious trading in the commodity futures markets:
"Such an inquiry might give them a hint about what they're up against."
The reporter pronounced this response "excellent" and expressed thanks for it.
Of course your secretary/treasurer did not expect his comment to be used by the publication. Indeed, when a silver story to which this reporter contributed was published Monday, predictably enough it quoted only a London bullion dealer who proclaimed that bullion banks are innocent of any wrongdoing in the silver market.
For surreptitious government intervention in the monetary metals markets and other especially sensitive markets remains a prohibited topic among mainstream financial news organizations.
Maybe this particular reporter hadn't yet been informed of his publication's policy. Maybe he knows about it now. We're sorry if he was embarrassed when he found out. But we'll keep pounding on his electronic door anyway. Obviously he had thought that GATA's work might have some bearing on what was happening in the markets. You never know when some integrity might pop up in journalism, even financial journalism.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"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 --
https://www.amazon.com/Rigged-Exposing-Largest-Financial-History/dp/1651...
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
