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Lawrie Williams: Major gold price divergence between Shanghai and London

Thu, 12/01/2016 - 20:01

7p ET Thursday, December 1, 2016

Dear Friend of GATA and Gold:

Sharps Pixley gold market analyst Lawrie Williams today takes note of the increasing divergence between prices in London and Shanghai, where premiums recently have risen to astounding levels. Williams' commentary is headlined "Major Gold Price Divergence between Shanghai and London" and it's posted at Sharps Pixley's internet site here:

http://news.sharpspixley.com/article/lawrie-williams-major-gold-price-di...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Alasdair Macleod: Credit cycles and gold

Thu, 12/01/2016 - 18:55

By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, December 1, 2016

The Trump shock produced some unexpected market reactions, partly explained by investors buying into a risk-on argument,equities over bonds and buying dollars by selling other currencies and gold.

This is because President-elect Trump has stated he will implement infrastructure investment and tax-cut policies. If he pursues this plan, it will lead to larger fiscal deficits, and higher interest rates. The global aspect of the markets recalibration focuses on the strains between the dollar on one side, and the euro and the yen on the other, both still mired in negative interest rates. The capital flows obviously favor the dollar, and are putting the euro currency markets under considerable strain. ...

... For the remainder of the report:

https://wealth.goldmoney.com/research/goldmoney-insights/credit-cycles-a...

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K92 Drilling Significantly Upgrades Predicted Grade
and Contained Ounces in First 2 Planned Production Stopes

Company Announcement
Wednesday, November 30, 2016

K92 Mining (TSXV:KNT) is pleased to announce the initial results from the ongoing grade control drilling program at its high-grade Kainantu Gold Mine, which is currently in the start-up phase. The results have significantly increased both the predicted grade and contained gold ounces in the first two planned production stopes.

Highlights include:

-- A grade increase from 5.82 grams per tonne gold in the original AMDAD Stope Model to 9.21 grams per tonne.

-- Combined ounces in the two stope designs increase from 1,550 ounces of gold to 2,390 ounces.

-- Intercepts include 102 grams per tonne gold over 1.1 meters and 9.21 grams per tonne over 0.5 meters in GCDD 002, and 30.19 grams per tonne gold over 2.5 meters in GCDD 001. ...

...For the remainder of the announcement:

http://www.k92mining.com/2016/11/6114/


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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

GoldSeek Radio's Chris Waltzek interviews Sprott's John Embry

Thu, 12/01/2016 - 16:17

3:15p ET Thursday, December 1, 2016

Dear Friend of GATA and Gold:

Interviewed by GoldSeek Radio's Chris Waltzek, Sprott Asset Management's John Embry discusses the enormous amount of "paper gold" recently dumped on the futures market, the possibility that the bullion banks are trying to cover their short positions, and the Indian government's attempt to destroy the country's cash economy, among other topics. The interview is 14 minutes long and can be heard at GoldSeek here:

http://radio.goldseek.com/nuggets.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

ADVERTISEMENT

Canadian Government Issues Key Water License
for Seabridge Gold's KSM Project in British Columbia

Company Announcement
Monday, November 21, 2016

TORONTO -- Seabridge Gold Inc. (TSX: SEA) (NYSE:SA) announced today it has received a license from the Government of Canada required for the construction, operation, and maintenance of the water storage facility and associated ancillary water works at its 100 percent-owned KSM Project in northwestern British Columbia.

The license, as authorized within the International Rivers Improvement Act, regulates all structures and activities situated on transboundary waters shared with the United States that have the potential to affect water quality and quantity. The Water storage facility and its ancillary water works (water diversion ditches and tunnels) are the primary water management control systems for the KSM Project. These facilities separate water that has not contacted mined material from so-called contact water originating from disturbed areas of the mine site and then contain the contact water prior to treatment and eventual release to the receiving environment.

These facilities are situated on Mitchell and Sulphurets creeks, tributaries of the transboundary Unuk River system that flows into Alaska. The license was granted for a term of 25 years under the International Rivers Improvements Regulations as administered by Environment and Climate Change Canada. ...

... For the remainder of the announcement:

http://seabridgegold.net/News/Article/642/federal-government-issues-key-...

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

China tightens gold import quotas to curb dollar outflow

Thu, 12/01/2016 - 09:35

By Henry Sanderson and Lucy Hornby
Financial Times, London
Wednesday, November 30, 2016

China has curbed gold imports in the wake of government attempts to clamp down on capital leaving the country, according to traders and bankers.

Some banks with licenses have recently had difficulty obtaining approval to import gold, they said -- a move tied to China's attempts to stop a weakening renminbi by tightening outflows of dollars, the banks added.

The hit to gold imports comes as China tightens restrictions on overseas deals by state-owned companies in an effort to limit capital outflows that has seen the renminbi fall to its lowest against the dollar in eight years.

... For the remainder of the report:

https://www.ft.com/content/1cf17928-b706-11e6-961e-a1acd97f622d

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Golden Predator Finds New Veins of up to 30.8 g/t Gold;
Airborne Geophysics Completed at 3 Aces Project in Yukon

Company Announcement
Monday, November 21, 2016

VANCOUVER, British Columbia, Canada -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) is pleased to announce additional surface exploration results and the results of airborne geophysical surveys from ongoing work at the 3 Aces project in southeastern Yukon, Canada. Highlights include:

-- Seven of Spades: Newly discovered zone with stacked flat lying quartz veins returning values up to 18.55 g/t gold.

-- Queen of Spades: Newly discovered zone with values up to 30.8 g/t gold.

-- Jack of Spades: Additional results from continuous panel sampling of a second higher bench returned 20 meters of 7.62 g/t gold including 11.7 g/t gold over 12.4 meters and 37.9 g/t gold over 1.7 meters.

-- Three of Spades: Additional assays have increased strike length of vein with returns including 6.95 g/t gold. ...

... For the remainder of the announcement:

http://goldenpredator.com/_resources/news/nr_2016_11_21.pdf

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Michael Oliver suspects, Paul Roberts denounces gold market rigging

Wed, 11/30/2016 - 23:46

10:45p ET Wednesday, November 30, 2016

Dear Friend of GATA and Gold:

In commentary at King World News, Michael Oliver of Momentum Structural Analysis sees the recent lockdown of the gold price as evidence of market manipulation:

http://kingworldnews.com/michael-oliver-conspiracy-theorists-would-use-t...

Interviewed by USA Watchdog's Greg Hunter, former Assistant Treasury Secretary Paul Craig Roberts couldn't be more direct about it. "The markets are all rigged," Roberts says. "So when you try to look at the markets in traditional ways such as price-earnings ratios, earnings growth, sales growth, or any things like this, they don't know anything because the Federal Reserve has probably the largest trading desk in the world. They can trade anything, in fact, everything, and they have no limits on their pocketbook. ...

"For the Fed to protect the dollar's exchange value from the massive outpouring of dollars that the Fed created to buy all the bonds, they had to stop the dollar from falling in relation to gold. So they have to sell massive amounts of gold shorts in the futures markets. This is how they knock the gold price down. ..."

Roberts' interview is posted at USA Watchdog here:

http://usawatchdog.com/fake-news-list-death-knell-for-msm-paul-craig-rob...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

ADVERTISEMENT

Sandspring Resources Commences 2016 Exploration Campaign

Company Announcement
August 17, 2016

Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.

In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.

For the remainder of the announcement and highlights of the 2015 drill program:

https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo...

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

The world is feeling the might of China's commodity traders

Wed, 11/30/2016 - 11:54

From Bloomberg News
Tuesday, November 29, 2016

The Chinese speculators shaking up global commodity markets are switched-on, flush with cash and probably not getting enough sleep.

For the second time this year, trading has exploded on the nation's exchanges, pushing prices of everything from zinc to coal to multi-year highs and sending authorities scrambling to deflate the bubble before it bursts. Metals brokers described panic earlier this month as the frenzy spread to markets in London and New York, prompting wild swings in prices that show no signs of abating.

While billions of yuan have poured in from herd-like Chinese retail investors who show little regard for market fundamentals, brokers and traders say even more is coming from an expanding army of deep-pocketed hedge funds. They're chasing better returns in commodities as stocks and real estate fade, often using algorithms and trading late into the night, when markets in London and New York are most active.

"There is no doubt that the price moves and the bigger volumes worldwide are being driven by the Chinese, and by professional speculators and financial players," said Tiger Shi, managing partner at brokerage BANDS Financial Ltd., which counts several of those funds as clients. "The Western hedge funds and institutional investors don't really know what's going on. Often they were used to trading macro factors or Fed policy, but now they find they have fewer advantages." ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2016-11-29/the-year-the-world-fe...

ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

For treasury secretary Trump picks former Goldman Sachs partner

Tue, 11/29/2016 - 19:48

Steven Mnuchin Is Donald Trump's Expected Choice for Treasury Secretary

By Binyamin Appelbaum and Maggie Haberman
The New York Times
Tuesday, November 29, 2016

WASHINGTON -- Steven Terner Mnuchin, a financier with deep roots on Wall Street and in Hollywood but no government experience, is expected to be named Donald J. Trump’s Treasury secretary as soon as Wednesday, people close to the transition say.

Mr. Mnuchin, 53, was the national finance chairman for Mr. Trump's campaign. He began his career at Goldman Sachs, where he became a partner, before creating his own hedge fund, moving to the West Coast and entering the first rank of movie financiers by bankrolling hits like the "X-Men" franchise and "Avatar." ...

... For the remainder of the report:

http://www.nytimes.com/2016/11/29/us/politics/steven-terner-mnuchin-trum...

ADVERTISEMENT

K92 Mining Begins Gold Production at Kainantu Mine

Company Announcement
Wednesday, October 5, 2016

K92 Mining Inc. is pleased to announce that gold production has commenced from the Irumafimpa gold deposit.

Ian Stalker, K92 Chief Executive Officer, says: "This milestone is highly significant for our company, and for this region of Papua New Guinea. A great deal of thanks goes to the entire team on site in PNG in achieving production ahead of schedule and on budget. The rehabilitation of the Irumafimpa gold mine, process plant, and associated infrastructure commenced in late March and is now complete. As an enhancement of the processing facility, we are also pleased to note that the installation of a new drum scrubber is also nearing completion and commissioning of this will be completed by the end of the month. ..."

...For the remainder of the announcement:

http://www.k92mining.com/2016/10/6077/


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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Central banks were ready to smash gold upon Trump's election, Embry says

Tue, 11/29/2016 - 15:17

2:20p ET Tuesday, November 29, 2016

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News today says central banks learned from the Brexit shock and were prepared to smash the monetary metals in the futures markets upon Donald Trump's election as president. Embry adds that relative to debt and the volume of currency, the monetary metals are cheaper than ever. An excerpt from his interview is posted at KWN here:

http://kingworldnews.com/john-embry-some-long-time-gold-holders-are-now-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

ADVERTISEMENT

Canadian Government Issues Key Water License
for Seabridge Gold's KSM Project in British Columbia

Company Announcement
Monday, November 21, 2016

TORONTO -- Seabridge Gold Inc. (TSX: SEA) (NYSE:SA) announced today it has received a license from the Government of Canada required for the construction, operation, and maintenance of the water storage facility and associated ancillary water works at its 100 percent-owned KSM Project in northwestern British Columbia.

The license, as authorized within the International Rivers Improvement Act, regulates all structures and activities situated on transboundary waters shared with the United States that have the potential to affect water quality and quantity. The Water storage facility and its ancillary water works (water diversion ditches and tunnels) are the primary water management control systems for the KSM Project. These facilities separate water that has not contacted mined material from so-called contact water originating from disturbed areas of the mine site and then contain the contact water prior to treatment and eventual release to the receiving environment.

These facilities are situated on Mitchell and Sulphurets creeks, tributaries of the transboundary Unuk River system that flows into Alaska. The license was granted for a term of 25 years under the International Rivers Improvements Regulations as administered by Environment and Climate Change Canada. ...

... For the remainder of the announcement:

http://seabridgegold.net/News/Article/642/federal-government-issues-key-...

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Store your gold with the British govt., if you think they'll let you have it in a pinch

Tue, 11/29/2016 - 12:33

Royal Mint, CME Group Launch Blockchain-Based Gold Trading Platform

By Jemima Kelly
Reuters
Tuesday, November 29, 2016

LONDON -- Britain's Royal Mint and leading U.S.-based derivatives exchange CME Group have teamed up to create a blockchain-based digital platform for dealing in gold in a drive to cut the costs involved in trading the precious metal.

The platform, due to launch in 2017, will see the Royal Mint -- the Treasury-owned body that is permitted to strike British coins -- issue "Royal Mint Gold," or RMG. This will be traded via a platform created and run by the CME Group.

The Royal Mint will put gold bars into its on-site secure vault, which will then be digitised to create RMGs whose ownership will be recorded on the blockchain. Traders will then be able to trade in and out of RMGs between themselves. ...

The platform will operate 24 hours a day, 365 days a year. Unlike the traditional model for investing in gold, with management fees and storage charges, RMGs will offer ownership of the underlying gold with the option for conversion to physical gold by the Royal Mint at zero storage cost. ...

... For the remainder of the report:

http://uk.reuters.com/article/uk-gold-blockchain-royal-mint-idUKKBN13O0M...

ADVERTISEMENT

Golden Predator Finds New Veins of up to 30.8 g/t Gold;
Airborne Geophysics Completed at 3 Aces Project in Yukon

Company Announcement
Monday, November 21, 2016

VANCOUVER, British Columbia, Canada -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) is pleased to announce additional surface exploration results and the results of airborne geophysical surveys from ongoing work at the 3 Aces project in southeastern Yukon, Canada. Highlights include:

-- Seven of Spades: Newly discovered zone with stacked flat lying quartz veins returning values up to 18.55 g/t gold.

-- Queen of Spades: Newly discovered zone with values up to 30.8 g/t gold.

-- Jack of Spades: Additional results from continuous panel sampling of a second higher bench returned 20 meters of 7.62 g/t gold including 11.7 g/t gold over 12.4 meters and 37.9 g/t gold over 1.7 meters.

-- Three of Spades: Additional assays have increased strike length of vein with returns including 6.95 g/t gold. ...

... For the remainder of the announcement:

http://goldenpredator.com/_resources/news/nr_2016_11_21.pdf

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

TF Metals Report: Dollar-yen ratio is tied to HFT rigging of gold price

Tue, 11/29/2016 - 12:21

11:24a ET Tuesday, November 16, 2016

Dear Friend of GATA and Gold:

The ratio between the U.S. dollar and Japanese yen seems to determine how the big high-frequency traders manipulate the gold market, the TF Metals Report's Craig Hemke writes today. His commentary is headlined "The USD-JPY and the 'Price Of Gold'" and it's posted here:

http://www.tfmetalsreport.com/blog/8011/usdjpy-and-price-gold

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

ADVERTISEMENT

Sandspring Resources Commences 2016 Exploration Campaign

Company Announcement
August 17, 2016

Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.

In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.

For the remainder of the announcement and highlights of the 2015 drill program:

https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo...

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Trump considers gold standard advocate for treasury secretary

Tue, 11/29/2016 - 11:20

10:23a ET Tuesday, November 29, 2016

Dear Friend of GATA and Gold:

Gold researcher and securities lawyer Avery Goodman reports today that President-elect Donald Trump is considering appointing as treasury secretary a banker who has advocated returning the United States to a gold standard. Goodman's commentary is posted at his internet site here:

http://averybgoodman.com/myblog/2016/11/29/trump-may-appoint-john-alliso...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

ADVERTISEMENT

We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth

With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.

Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.

Crucial guides to storage in Singapore and Switzerland can be read here:

http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore

http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland

GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.

Email the GoldCore team at info@goldcore.com or call our trading desk:

UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.

Visit us at: http://www.goldcore.com

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Has GATA's work made any difference? Will it ever?

Mon, 11/28/2016 - 17:04

4:05p ET Monday, November 28, 2016

Dear Friend of GATA and Gold:

If you have made a donation by credit card in response to our appeal Sunday for financial support --

http://www.gata.org/node/16947

-- and have not received a personal note of thanks from your secretary/treasurer by e-mail, it's because I did not have or could not locate an e-mail address for you. Please do e-mail me to cite any donation made by credit card so that I can acknowledge it most gratefully. Our credit card donation mechanism does not make any provision for contact information and, for security reasons, provides us with little more information about donors than their name.

If you make a donation by mailing a check, please include your e-mail address there too. This will save GATA the expense of regular postage in thanking you.

... Dispatch continues below ...


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K92 Mining Begins Gold Production at Kainantu Mine

Company Announcement
Wednesday, October 5, 2016

K92 Mining Inc. is pleased to announce that gold production has commenced from the Irumafimpa gold deposit.

Ian Stalker, K92 Chief Executive Officer, says: "This milestone is highly significant for our company, and for this region of Papua New Guinea. A great deal of thanks goes to the entire team on site in PNG in achieving production ahead of schedule and on budget. The rehabilitation of the Irumafimpa gold mine, process plant, and associated infrastructure commenced in late March and is now complete. As an enhancement of the processing facility, we are also pleased to note that the installation of a new drum scrubber is also nearing completion and commissioning of this will be completed by the end of the month. ..."

...For the remainder of the announcement:

http://www.k92mining.com/2016/10/6077/


Meanwhile, a devoted friend in Canada who long has been advocating for GATA conveys this criticism he got from an acquaintance:

"GATA has been banging the drum for a long time now but what has it accomplished in a practical sense? GATA reveals information that is ignored. GATA appears before commodity market regulators who are indifferent to the evidence presented. GATA has been unable to sway the mining industry itself. This war has proven fruitless. Maybe it's time to accept that and move on. If GATA got and spent a million dollars in donations, there would be no appreciable effect. No one who profits from the game as it is now played is going to roll over and change based on any facts or exposure, and no entity with the authority to act is going to intervene. It's a captured market."

This criticism is not entirely unfair. Yes, GATA has not yet wiped the tyranny of central banking from the face of the earth. But we have exposed to a wide audience -- an audience including at least two major governments -- the part of that tyranny that rigs the gold and currency markets, and have explained how this ultimately rigs all markets for totalitarian and imperialistic purposes. We have evidence that people are acting on this knowledge and that our work has forced the market riggers to expend even more resources and become even more obvious. If, as we believe, what they are doing is evil, it will break eventually and the ascent of man will continue. For as James Russell Lowell wrote in defiance when the Slave Power seemed to have a lock on America:

Truth forever on the scaffold, Wrong forever on the throne --
Yet that scaffold sways the future, and, behind the dim unknown,
Standeth God within the shadow, keeping watch above His own.

In any case we know one thing: Doing nothing makes nothing happen.

Yes, for those who believe in free markets, limited and accountable government, and individual liberty, these seem like our Valley Forge days, and of course many good causes are always failing from exhaustion. But what could be a grander cause than this one, a cause contending for the definitions of money and justice as they apply to all the capital, labor, goods, and services in the world?

GATA is indeed an amateur operation, doing work that should be done by others, like the World Gold Council, which, as it turns out, exists only to ensure that there never is a world gold council. But until professionals who are willing to take on the work turn up, we mean to keep at it, with the hope and faith that Arthur Hugh Clough put in rhyme:

Say not the struggle nought availeth,
The labor and the wounds are vain,
The enemy faints not, nor faileth,
And as things have been they remain.

If hopes were dupes, fears may be liars;
It may be, in yon smoke concealed,
Your comrades chase e'en now the fliers,
And, but for you, possess the field.

For while the tired waves, vainly breaking
Seem here no painful inch to gain,
Far back through creeks and inlets making,
Comes silent, flooding in, the main.

And not by eastern windows only,
When daylight comes, comes in the light.
In front the sun climbs slow, how slowly,
But westward, look, the land is bright.

We still need your help:

http://www.gata.org/node/16

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Islamic finance body approves standard for gold-based products

Mon, 11/28/2016 - 15:56

By Bernardo Vizcaino
Reuters
Monday, November 28, 2016

The Bahrain-based Accounting and Auditing Organization for Islamic Financial Institutions said on Monday it had approved a sharia standard for gold-based products, a move aimed at expanding the use of bullion in Islamic finance.

Traditionally, gold has been treated as a currency in Islamic finance which has confined its use to spot transactions, but fresh guidance from the accounting organization is expected to spawn a wave of product development in the industry.

The organization approved the final version of the standard on gold and its trading controls during a meeting of its sharia board held last week, the industry body said in a statement seen by Reuters. ...

... For the remainder of the report:

http://www.reuters.com/article/islamic-finance-gold-idUSL8N1DT0FL

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Canadian Government Issues Key Water License
for Seabridge Gold's KSM Project in British Columbia

Company Announcement
Monday, November 21, 2016

TORONTO -- Seabridge Gold Inc. (TSX: SEA) (NYSE:SA) announced today it has received a license from the Government of Canada required for the construction, operation, and maintenance of the water storage facility and associated ancillary water works at its 100 percent-owned KSM Project in northwestern British Columbia.

The license, as authorized within the International Rivers Improvement Act, regulates all structures and activities situated on transboundary waters shared with the United States that have the potential to affect water quality and quantity. The Water storage facility and its ancillary water works (water diversion ditches and tunnels) are the primary water management control systems for the KSM Project. These facilities separate water that has not contacted mined material from so-called contact water originating from disturbed areas of the mine site and then contain the contact water prior to treatment and eventual release to the receiving environment.

These facilities are situated on Mitchell and Sulphurets creeks, tributaries of the transboundary Unuk River system that flows into Alaska. The license was granted for a term of 25 years under the International Rivers Improvements Regulations as administered by Environment and Climate Change Canada. ...

... For the remainder of the announcement:

http://seabridgegold.net/News/Article/642/federal-government-issues-key-...

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

GATA urgently needs help to keep fighting

Sun, 11/27/2016 - 12:44

11:45a ET Sunday, November 27, 2016

Dear Friend of GATA and Gold:

Government intervention in the financial markets generally and against the monetary metals particularly has never been more intense and as obvious as it is now. As a result, investors in the monetary metals and advocates of free and transparent markets and limited and accountable government seem to be more demoralized than ever. Support for GATA has eroded severely even as we have dragged so much of this market rigging into the open that it no longer can be denied, only ignored.

The other day a GATA supporter wrote that if 100,000 investors in gold and silver mining companies would donate just $10 to GATA, the organization would have a war chest of a million dollars with which it could undertake new legal actions and publicity campaigns. Your secretary/treasurer thanked him for the thought but replied that not even a dozen mining companies care about the market rigging that suppresses the price of their products and that, as a result, most investors in the monetary metals have not been feeling very generous in a long time.

... Dispatch continues below ...


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Golden Predator Finds New Veins of up to 30.8 g/t Gold;
Airborne Geophysics Completed at 3 Aces Project in Yukon

Company Announcement
Monday, November 21, 2016

VANCOUVER, British Columbia, Canada -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) is pleased to announce additional surface exploration results and the results of airborne geophysical surveys from ongoing work at the 3 Aces project in southeastern Yukon, Canada. Highlights include:

-- Seven of Spades: Newly discovered zone with stacked flat lying quartz veins returning values up to 18.55 g/t gold.

-- Queen of Spades: Newly discovered zone with values up to 30.8 g/t gold.

-- Jack of Spades: Additional results from continuous panel sampling of a second higher bench returned 20 meters of 7.62 g/t gold including 11.7 g/t gold over 12.4 meters and 37.9 g/t gold over 1.7 meters.

-- Three of Spades: Additional assays have increased strike length of vein with returns including 6.95 g/t gold. ...

... For the remainder of the announcement:

http://goldenpredator.com/_resources/news/nr_2016_11_21.pdf

As a result, it has been a long time since GATA has asked for financial support to keep up the fight -- to continue investigating, documenting, and protesting the largely surreptitious interventions against the monetary metals, against free markets generally, and, really, against democracy itself. But GATA has gotten to the point financially where even our ordinary operations will be jeopardized if we don't soon generate substantial contributions.

Yes, we're challenging all the money and power in the world in the increasingly desperate hope of preventing realization of Orwell's vision of the future: "A boot stomping on a human face -- forever." We have had some good successes this year, exposing even the president of the Federal Reserve Bank of New York as a clumsy dissembler about his institution's involvement in rigging the gold market. We also have exposed the complicity of mainstream financial news organizations.

For a summary of some of GATA's work this year, please see:

http://www.gata.org/node/16876

So if you're not yet completely demoralized -- if you think this struggle is still worth pursuing in the spirit of liberty for people everywhere -- and if you have not already helped us, please consider helping GATA now. A mechanism for donating by credit card and information about donating by check and bitcoin can be found at GATA's internet site here:

http://www.gata.org/node/16

(Donations in the United States are federally tax-deductible.)

Thanks for your consideration.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

GATA Chairman Murphy interviewed by Wealth Research Group

Sat, 11/26/2016 - 15:33

2:36p ET Saturday, November 26, 2016

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy was interviewed this week by Wealth Research Group editor Lior Gantz about GATA's work exposing government rigging of the gold market and other markets. The interview is a half hour long and can be heard at YouTube here:

https://www.youtube.com/watch?v=Ra1m7-uAr6k

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Sandspring Resources Commences 2016 Exploration Campaign

Company Announcement
August 17, 2016

Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.

In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.

For the remainder of the announcement and highlights of the 2015 drill program:

https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo...

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Koos Jansen: Chinese gold demand strengthens amid lower prices

Sat, 11/26/2016 - 15:11

2:14p ET Saturday, November 26, 2016

Dear Friend of GATA and Gold:

Gold researcher Koos Jansen reports today that gold demand in China, already strong, has been strengthening with the recent decline in the international price. Jansen's report is headlined "Q1–Q3 2016 China Net Gold Import Hits 905 Tonnes" and it's posted at Bullion Start here:

https://www.bullionstar.com/blogs/koos-jansen/q1-q3-2016-china-net-gold-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Will India try restricting gold ownership? Anonymous sources are contradictory

Sat, 11/26/2016 - 11:11

India May Impose Curbs on Domestic Gold Holdings

By Neha Dasgupta
From Reuters
Friday, November 25, 2016

The government may impose curbs on domestic holdings of gold as Prime Minister Narendra Modi intensifies a fight against "black money," news agency NewsRise reported, citing an unnamed finance ministry official.

NewsRise did not provide further details. A finance ministry spokesman declined to comment on the report.

Gold premiums in India jumped to two-year highs last week as jewellers ramped up purchases on fears the government might restrict imports after withdrawing higher-denomination notes from circulation in its fight against black money. ...

... For the remainder of the report:

http://in.reuters.com/article/india-modi-corruption-gold-idINKBN13K0H5

* * *

No Proposal to Restrict Gold Holding by Individuals

From the Press Trust of India
via The Times of India, Mumbai
Friday, November 25, 2016

NEW DELHI -- The government is not considering any proposal to restrict holding of gold by individuals, a top finance ministry source said today.

Following the demonetization of 500- and 1,000-rupee notes in a bid to crack down on black money, there were apprehensions among people that the government might impose some kind of restrictions on gold holding by individuals.

"There is no such proposal before the government on restricting domestic gold holding," the source said. ...

... For the remainder of the report:

http://economictimes.indiatimes.com/news/economy/policy/no-proposal-to-r...

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K92 Mining Begins Gold Production at Kainantu Mine

Company Announcement
Wednesday, October 5, 2016

K92 Mining Inc. is pleased to announce that gold production has commenced from the Irumafimpa gold deposit.

Ian Stalker, K92 Chief Executive Officer, says: "This milestone is highly significant for our company, and for this region of Papua New Guinea. A great deal of thanks goes to the entire team on site in PNG in achieving production ahead of schedule and on budget. The rehabilitation of the Irumafimpa gold mine, process plant, and associated infrastructure commenced in late March and is now complete. As an enhancement of the processing facility, we are also pleased to note that the installation of a new drum scrubber is also nearing completion and commissioning of this will be completed by the end of the month. ..."

...For the remainder of the announcement:

http://www.k92mining.com/2016/10/6077/


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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Gold not safe enough in India so hoarders opt for silver bars

Sat, 11/26/2016 - 10:47

By M. Sabari
The New Indian Express, Chennai
Saturday, November 26, 2016

http://www.newindianexpress.com/states/tamil-nadu/2016/nov/26/gold-not-s...

SALEM, Tamil Nadu, India -- Black money holders, who have been struggling to convert their money into white, are buying huge amounts of silver bars at high prices. This illegal trade is picking up rapidly in Salem City.

After Prime Minister Narendra Modi announced that 500- and 1,000-rupee notes would have no legal tender status from midnight November 8, the black money holders have been finding various way to change their money into white. Now black money holders, especially in the west zone including Salem, Dharmapuri, Namakkal, Krishnagiri, Erode, Tirupur, Coimbatore, and the Nilgiris districts, have turned their eyes on silver bars.

... Dispatch continues below ...


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Canadian Government Issues Key Water License
for Seabridge Gold's KSM Project in British Columbia

Company Announcement
Monday, November 21, 2016

TORONTO -- Seabridge Gold Inc. (TSX: SEA) (NYSE:SA) announced today it has received a license from the Government of Canada required for the construction, operation, and maintenance of the water storage facility and associated ancillary water works at its 100 percent-owned KSM Project in northwestern British Columbia.

The license, as authorized within the International Rivers Improvement Act, regulates all structures and activities situated on transboundary waters shared with the United States that have the potential to affect water quality and quantity. The Water storage facility and its ancillary water works (water diversion ditches and tunnels) are the primary water management control systems for the KSM Project. These facilities separate water that has not contacted mined material from so-called contact water originating from disturbed areas of the mine site and then contain the contact water prior to treatment and eventual release to the receiving environment.

These facilities are situated on Mitchell and Sulphurets creeks, tributaries of the transboundary Unuk River system that flows into Alaska. The license was granted for a term of 25 years under the International Rivers Improvements Regulations as administered by Environment and Climate Change Canada. ...

... For the remainder of the announcement:

http://seabridgegold.net/News/Article/642/federal-government-issues-key-...

Particularly, black money holders in districts around Salem are now heading toward Salem to buy silver bars by using 500- and 1,000-rupee notes. The Salem district is well known for its silver anklet business. Shevapet in Salem City is the hub for silver business.

Around a thousand silver anklets shops function in the locality. Speaking to the Express, a small silver anklet shop owner said, "After demonetisation, most of the black money holders in and around Salem bought gold bars. But after information spread that the government will next focus on gold sales, they are afraid that the gold rate will come down drastically in coming days."

There have been reports from around the country that people were buying gold, often at a premium, with the demonetized currencies. Following this, the central government responded by saying it will track jewellers and purchases to crack down on black money holders.

* * *

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

A diagram of secret interventions in gold and currency markets by central banks

Fri, 11/25/2016 - 12:38

11:40a ET Friday, November 25, 2016

Dear Friend of GATA and Gold:

The Money Insights internet site has published a summary of the organization of the central bank gold price suppression scheme, showing how it is part of a much broader system of the rigging of the international currency markets whose mechanisms are visible but whose operations are secret. The summary is headlined "Gold Price Intervention Circuit Diagram and Determinants of Intervention Policy" and it's posted here:

http://moneyinsights.org/wp-content/uploads/20161125-Gold-Price-Interven...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Golden Predator Finds New Veins of up to 30.8 g/t Gold;
Airborne Geophysics Completed at 3 Aces Project in Yukon

Company Announcement
Monday, November 21, 2016

VANCOUVER, British Columbia, Canada -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) is pleased to announce additional surface exploration results and the results of airborne geophysical surveys from ongoing work at the 3 Aces project in southeastern Yukon, Canada. Highlights include:

-- Seven of Spades: Newly discovered zone with stacked flat lying quartz veins returning values up to 18.55 g/t gold.

-- Queen of Spades: Newly discovered zone with values up to 30.8 g/t gold.

-- Jack of Spades: Additional results from continuous panel sampling of a second higher bench returned 20 meters of 7.62 g/t gold including 11.7 g/t gold over 12.4 meters and 37.9 g/t gold over 1.7 meters.

-- Three of Spades: Additional assays have increased strike length of vein with returns including 6.95 g/t gold. ...

... For the remainder of the announcement:

http://goldenpredator.com/_resources/news/nr_2016_11_21.pdf

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

John Crudele: Retail sales numbers are fake but the harm is real

Fri, 11/25/2016 - 11:40

By John Crudele
New York Post
Monday, November 21, 2016

There's an old saying that no one should ever see how laws or sausages are made. I'll add to that: Nobody should know how the government comes up with its retail sales figures.

But I'm going to tell you anyway because the sales figures that were put out last week were so arbitrary, so random, so ridiculous -- yet so important.

Last week the Census Bureau announced that retail sales for October increased a very healthy 0.8 percent from the previous month and were up 4.3 percent compared with those of October 2015.

Wall Street was expecting a 0.6 percent increase for October.

But there was a lot less meat in that 0.8 percent than you might think. ...

... For the remainder of the report:

http://nypost.com/2016/11/21/census-numbers-are-fake-but-the-harm-is-rea...

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Sandspring Resources Commences 2016 Exploration Campaign

Company Announcement
August 17, 2016

Sandspring Resources Ltd. (TSX VENTURE:SSP, US OTC: SSPXF) is pleased to announce commencement of the 2016 exploration campaign at its Toroparu Gold Project in Guyana, South America.

In 2015 the company completed a 3,700-meter diamond drilling program on the promising Sona Hill Prospect, located 5 kilometers southeast of the main Toroparu deposit. Sona Hill is the easternmost gold anomaly in a cluster of 10 gold features located within a 20-by-7-kilometer hydrothermal alteration halo around Toroparu. Drilling at Sona Hill in 2012 and in 2015 intercepted high-grade mineralization in both saprolite and bedrock, and confirmed the continuity and grade potential of the Sona Hill mineralization.

For the remainder of the announcement and highlights of the 2015 drill program:

https://finance.yahoo.com/news/sandspring-resources-commences-2016-explo...

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:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

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