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Excessive leverage promises disaster for financial system, Embry says
7:57p ET Wednesday, January 25, 2017
Dear Friend of GATA and Gold:
The world financial system is heading toward disaster because of excessive leverage, Sprott Asset Management's John Embry tells King World News today.
Embry says: "With the enormous increase in what I call 'financial innovation' -- high-frequency trading, algorithms, staggering quantities of derivatives, etc. -- the amount of leverage that has been introduced into the global financial system in the last couple of decades ensures a horrific ending."
Embry's interview is excerpted at KWN here:
http://kingworldnews.com/a-horrific-ending-as-the-world-moves-one-day-cl...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
At 3 Aces Project, Golden Predator Finds 7.5 Meters of 33 Grams-Per-Tonne Gold
Company Announcement
Thursday, January 19, 2017
VANCOUVER, British Columbia, Canada -- Golden Predator Mining Corp. (TSX.V: GPY; OTCQX: NTGSF) is pleased to report assay results for the first 13 holes of a total of 54 holes completed in the winter 2016 drill program at the 3 Aces Project in southeastern Yukon Territory.
Drilling has demonstrated an extension of high-grade gold at the Ace of Spades zone, as well as the exciting discovery of a blind vein and the occurrence of significant assay values in stockwork zones.
Significant results reported at true width include:
-- Hole 3A16-RC-032 intersected 7.54 meters of 32.86 grams per tonne gold from a depth of 16.76 meters, including 0.54 meters of 252 grams per tonne gold; and a new blind vein at a depth of 71.63 meters returned 3.23 meters of 10.04 grams per tonne gold. (The hole ended in mineralization. ...
For the remainder of the announcement:
http://www.goldenpredator.com/_resources/news/nr_2017_01_19.pdf
Join GATA here:
Dollar Vigilante Internationalization and Investment Summit
Friday, February 24, 2017
Resort Mundo Imperial
Acapulco, Mexico
http://tdvinvestmentsummit.com
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Tuesday-Friday, March 28-31, 2017
Marina Bay Sands, Singapore
http://tinyurl.com/h5u38pv
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Wednesday-Friday, April 5-7, 2017
Hong Kong Convention and Exhibition Centre
http://asia.minesandmoney.com/
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