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Bullboard - Stock Discussion Forum Wesdome Gold Mines Ltd. T.WDO

Alternate Symbol(s):  WDOFF

Wesdome Gold Mines Ltd is a gold producer engaged in mining-related activities including exploration, processing, and reclamation. The company produces gold at the Eagle River Complex located near Wawa, Ontario from the Eagle River Underground and Mishi Open Pit gold mines. Activities of the group primarily function through Canada and it derives revenue from the sale of gold and silver bullion.

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Wesdome Gold Mines Ltd. > Office of the Comptroller
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Office of the Comptroller

garmin1 (12) | July 05, 2022 11:56 am

https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr1-2022.pdf

The graph that Hambro shows can be found here on page 43 of this link. Twenty year time frame, shows an absolutely astronomical spike in notional gold this year being printed out of total thin air.
Like it says, it's notional gold, only a notion, and US government approved financial institutions are allowed to fabricate out of thin air. Western gold manipulation benefits astute Eastern gold stackers!
 

RE:Office of the Comptroller

garmin1 (12) | July 21, 2022 08:06 am

So the info on page 43 of this link shows in Q1 an upward explosion of $463.17 billion of notional gold held with American banks with a maturity of less than 1 year, and an additional $28.4 billion large uptick with 1-5 year maturity. Based on what's going on in the world, I suspect these derivatives are nearly all  contracts to buy gold. So here's the kicker, these notional gold contracts represent  very close to 10,000 tons of gold. This amount is greater than held in the vaults of the U.S. government. It's 3x the annual global gold production. So here's the kicker, what if an unusual surge of these contracts are eventually exercised for physical delivery. This is but one more reason why they strive to continually manipulate and manage the entire ball of wax, day in day out.