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Gold is in backwardation, signifying strong demand, Turk tells KWN
1:14p ET Sunday, March 14, 2021
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News that gold is again in backwardation, signifying strong physical demand, and that last week's attempts to push silver down more failed.
With the U.S. government's $1.9 trillion epidemic recovery program likely to be followed by an even larger infrastructure construction program, Turk says, the dollar is sure to decline.
... Dispatch continues below ...
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VanGold Mining Closes $16,950,000 Private Placement
Welcomes New Shareholders Eric Sprott and VBS,
and Sees Endeavour Silver Becoming Largest Shareholder
Company Announcement
Wednesday, March 10, 2021
VANCOUVER, British Columbia, Canada -- VanGold Mining Corp. (TSXV:VGLD) has closed its non-brokered private placement of units at a price of $0.30 per unit, announced December 23, 2020, and expanded on January 19, 2021, January 25, 2021, and February 17, 2021.
The Company has issued a total of 56,500,000 units for gross proceeds of $16,950,000 with each Unit consisting of one common share of the company and one half of a common share purchase warrant. Each warrant entitles the holder to purchase an additional common share of the company at a price of $0.45 within three years of closing, subject to acceleration in certain events.
The company thanks the more than 180 subscribers, large and small, who have participated in this private placement. We welcome them to our adventure of potential mineral discovery and production of silver and gold in Guanajuato, Mexico.
VanGold would especially like to acknowledge the investment and backing of Endeavour Silver Corp., VBS Exchange Pty. Ltd., and renowned precious metals investor Eric Sprott. ...
... For the remainder of the announcement:
https://vangoldmining.com/
Turk's comments can be heard at KWN here:
https://kingworldnews.com/gold-in-backwardation-as-very-strong-physical-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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