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London metal trader Andrew Maguire interviews GoldMoney's Alasdair Macleod
1:06p ET Sunday, April 11 2021
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, in his weekly program with Shane Moran for Kinesis Money, praises GATA's consultant on the Bank for International Settlements, Robert Lambourne, and explains why he sees the current futures trader positioning in gold as bullish.
Then Maguire interviews GoldMoney research director Alasdair Macleod.
... Dispatch continues below ...
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Asante Gold C$5 Million Placement Is Oversubscribed
and Another C$2 Million Is Accepted;
Drilling Finds 7.47 g/t Gold over 30 Meters
Company Announcement
Monday, March 22, 2021
VANCOUVER, British Columbia, Canada -- Asante Gold Corp. (CSE:ASE, Frankfurt: 1A9, U.S. OTC:ASGOF) announces that assays have been received for the first hole of a three-hole geotechnical drill program at our Kubi Gold project in Ghana.
DDHK21-001 was collared approximately 100 meters to the north of the Kubi Pit, near the middle of the 1Kubi Main Mineral Resource. On this section gold mineralization has been previously outlined to a depth of 450 meters. The gold is free milling and occurs within a near vertical 1-kilometer by 1-meter to 15-meter-thick shear-bounded "garnet" zone.
Gold is associated with up to 30% garnet and 15% sulfide mineralization and as coarse gold in late quartz veins.
The drilling has confirmed typical Kubi Main Zone gold mineralization.
-- 30 meters grading 7.47 g/t gold (true width estimated at 7.5 meters), including:
-- 14.31 g/t over 10 meters.
-- 5.69 g/t over 9.0 meters.
-- 10.75 g/t over 16 meters.
Given the presence of visible gold and the numerous high assays received, samples have been resubmitted for screened metallics assays, which give more exact results when coarse gold is present. Further results will be announced as received. ...
... For the remainder of the announcement:
https://www.asantegold.com/news/cad-5-million-placement-oversubscribed-a...
Among other things, Macleod says rising interest rates are not necessarily bad for gold and did not hold gold back during its explosion in the late 1970s.
Markets, Macleod adds, are "totally broken" and traditional price relationships have been erased because the Federal Reserve is suppressing interest rates and pushing up financial asset prices.
Inflation is already far higher than the Fed's 2% target, Macleod says, and Russia and China hold far more gold than they report officially. But Macleod says China doesn't want to be the one to destroy the dollar and the world financial system, preferring "evolutionary" changes to it.
Macleod envisions central banks returning to some sort of gold convertibility for their currencies.
The broadcast is 68 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=J99fm7ssGIc
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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