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China tries to talk dollar down, saying market is 'too optimistic' about Trump
By Wendy Wu and Jane Cai
South China Morning Post, Hong Kong
Thursday, December 22, 2016
After making little headway in talking up the yuan, Beijing has changed tack to talk down the U.S. dollar.
Ma Jun, chief economist at a central bank research bureau, said today the market was "too optimistic" about US president-elect Donald Trump and his policies.
He said the greenback's rise since Trump won the presidential election "does not have much fundamental support" and was mainly due to "changes in market expectations." ...
Ma's comments come as Beijing faces an uphill battle in support the yuan against the dollar. The Chinese currency fallen steadily against the greenback to hit an eight-year low, and it is expected to soon break through the key psychological barrier of seven yuan to the U.S. dollar. ...
The central bank's intervention in the foreign exchange market to defend the yuan has bled the country's forex reserves. ...
... For the remainder of the report:
http://www.scmp.com/news/china/economy/article/2056650/china-tries-talk-...
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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