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Doug Pollitt: Like his businesses, Trump administration promises the dull pangs of regret
11:21a ET Saturday, November 19, 2016
Dear Friend of GATA and Gold:
In this week's market letter for Pollitt & Co. in Toronto, Douglas Pollitt writes, "If you are a creditor, the last person you want to see on the other side of the table is Donald Trump. ...
"If there were a central theme in Trump's campaign it was that the dollar was too high, unfairly benefiting trading partners. 'You see [devaluations] almost everywhere except for the United States,' he told CNBC back in March. 'We do nothing about it. We just sit back and let everybody do it. And that's getting to be very dangerous.' On the same program, he even broached the possibility of default: 'I would borrow, knowing that if the economy crashed, you could make a deal.'"
But adding that no one can know if Trump is serious, Pollitt predicts that conflicting agendas and and Trump's indifference will tie his administration into knots, even as world trade can never be fair as long as one country runs the world reserve currency.
Pollitt's letter is headlined "And the Dull Pangs of Regret" and with his kind permission it's posted at GATA's internet site here:
http://www.gata.org/files/PollittMarketLetter-11-16-2016.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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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