Global debt may be underestimated by $13 trillion, BIS warns

Section:

By Saikat Chatterjee
Reuters
Sunday, September 17, 2017

LONDON -- Global debt may be under-reported by around $13 trillion because traditional accounting practices exclude foreign exchange derivatives used to hedge international trade and foreign currency bonds, the Bank for International Settelments said today.

BIS researchers said it was hard to assess the risk this "missing" debt poses but that the main worry was a liquidity crunch like the one that seized foreign-exchange swap and forwards markets during the financial crisis.

The $13 trillion unaccounted-for exposure exceeds the on-balance-sheet debt of $10.7 trillion that data shows was owed by firms and governments outside the United States at end-March. ...

... For the remainder of the report:

http://www.reuters.com/article/us-bis-debt-currencies/global-debt-may-be...



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NuLegacy Identifies New Gold Zone at Red Hill Property

Company Announcement
Wednesday, September 13, 2017

NuLegacy Gold Corp. reports that it has discovered another important gold zone on its 38-square-mile flagship Red Hill property in Nevada's Cortez gold-trend, one of the world's premier gold mining jurisdictions.

Hole VIO17-01, drilled into the "VIO" zone, which is over 4 kilometers east of the Iceberg gold deposits, returned 33.5 meters (110 feet) of 0.65 grams/tonne gold and 5.5 grams/tonne silver starting at 99.2 meters and includes 9.1 meters (30 feet) of 1.8 grams/tonne gold and 17.6 grams/tonne silver.

"The gold encountered in this drill intercept appears to be epithermal-style gold mineralization, an entirely different deposit type from that of our Carlin-style gold deposits," NuLegacy CEO James Anderson said. "This is an exciting new development for building potential gold resources at Red Hill."

... For the remainder of the announcement:

http://nulegacygold.com/s/News.asp?ReportID=802546&_Type=News&_Title=NuL...



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