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Roberts and Kranzler: Is bitcoin standing in for gold?
Kenadyr Announces Partial Drill Results at the South Zone:
Intersects 40 Meters at 6.17 Grams of Gold per Ton
Company Announcement
Friday, May 25, 2017
VANCOUVER, British Columbia, Canada -- Kenadyr Mining (Holdings) Corp. (TSX Venture: KEN, OTCQB: KNDYF, Frankfurt: KM0) announces that drilling at the South Zone of Kenadyr's fully owned Borubai License in the Kyrgyz Republic has intersected widespread gold mineralization including 40 meters at 6.17 grams per ton.
The South Zone is directly adjacent to Zijin Mining Group Co. Ltd.'s Taldy Bulak Levoberejnyi ("TBL") Mine deposit, currently in production.
Initial drilling was designed to intersect an area drilled by the Soviets between 1970 and 1990 that intersected significant gold mineralization. The current drill hole provides support for the validity of the historic Soviet results and indicates that widespread gold mineralization may exist on Kenadyr's license directly adjacent to (within 100 meters of) the TBL mine.
The South Zone is open in three directions and to depth and there are strong indications that it connects to the TBL deposit. Core recovery is greater than 95 percent and all intervals have been assayed using fire assay methods at an internationally accredited laboratory (ALS Global). ...
For the remainder of the announcement:
http://kenadyr.com/kenadyr-announces-partial-drill-results-from-drill-ho...
9:07p ET Wednesday, May 31, 2017
Dear Friend of GATA and Gold:
Former Deputy U.S. Treasury Secretary Paul Craig Roberts and financial analyst Dave Krazler write today that bitcoin may be taking gold's place as an inflation hedge because, to protect their currencies, central banks can naked-short gold to infinity in the futures markets but not bitcoin. Their commentary is headlined "Is Bitcoin Standing in for Gold?" and it's posted at Roberts' internet site here:
http://www.paulcraigroberts.org/2017/05/31/bitcoin-standing-gold/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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