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Ted Butler: CFTC discovers some silver market manipulation after all
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...
10:55a ET Monday, June 5, 2017
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler notes today that last week's actions in U.S. District Court in Chicago and the U.S. Commodity Futures Trading Commission in Washington against a former trader for Deutsche Bank who admitted manipulating the silver market covered the period in which the CFTC investigated silver market manipulation and proclaimed that it could not find anything actionable.
Butler speculates that the CFTC's surprising action may have something to do with a new manager of its enforcement division.
Butler's commentary is headlined "Surprise CFTC Announcement" and it's posted at GoldSeek's companion site, SilverSeek, here:
http://silverseek.com/commentary/surprise-cftc-announcement-16665
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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