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Inflation is here already, Hemke says at Sprott Money and Russell says at GoldCore
8:34p ET Tuesday, April 13, 2021
Dear Friend of GATA and Gold:
Writing at Sprott Money tonight, Craig Hemke of the TF Metals Report notes that as of today the official U.S. inflation rate is suddenly a percentage point above the interest rate of the benchmark 10-year U.S. Treasury bond, and thus U.S. real interest rates are officially and substantially negative. Yet, Hemke adds, gold is priced $300 lower than it was the last time this happened, last August.
... 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...
Hemke's analysis is headlined "Gold Suddenly Gets Real-ly Interesting" and it's posted at Sprott Money here:
https://www.sprottmoney.com/blog/Gold-Suddenly-Gets-Real-ly-Interesting-...
In commentary posted at YouTube, GoldCore's David Russell describes how inflation is already showing up all around us but just isn't being seen for what it is. Russell's analysis is headlined "The Gold Price Is Set to Skyrocket Due to Inflation," is 15 minutes long, and can be seen here:
https://www.youtube.com/watch?v=TfLNC_tZpcc
And at King World News, GoldMoney founder and GATA consultant James Turk offers some encouraging technical analysis of the silver price:
https://kingworldnews.com/turk-new-all-time-highs-for-silver-are-on-the-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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