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Deutsche Bank strategist says gold will keep crashing. (But then what about DB itself?)
Deutsche Bank Strategist Says the Gold Crash Is Just Getting Started
By Narae Kim
Bloomberg News
Wednesday, October 5, 2016
It has been a good ride for gold holders this year, as bullion posted its best first half performance in almost four decades.
With global interest rates hovering at record lows, investors have piled into the precious metal. Meanwhile, political uncertainty from Britain's vote to leave the European Union and the looming U.S. presidential election also fanned demand, sending prices to almost $1,400 per ounce over the summer.
But the shine is coming off amid the prospect of higher rates and reduced monetary stimulus. Bullion tumbled 3.3 percent on Tuesday, the most since July 2015, breaching below $1,300 an ounce for the first time since June.
But this could be a prelude to a bigger selloff, according to Deutsche Bank AG Chief Global Strategist Binky Chadha.
"The way we think about it is, gold looks to be 20 to 25 percent overvalued," Chadha said in an interview with Bloomberg TV on Tuesday. "Positioning is very, very long." ...
... For the remainder of the report:
http://www.bloomberg.com/news/articles/2016-10-05/gold-looks-25-overvalu...
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...
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