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Druckenmiller buys gold after reversing November stance
By Katherine Burton and Katia Porzecanski
Wednesday, Febrary 8, 2017
Stan Druckenmiller, the billionaire investor with one of the best long-term track records in money management, said he bought gold in late December and January, reversing the sale he made after the U.S. presidential election.
"I wanted to own some currency and no country wants its currency to strengthen," Druckenmiller said Tuesday in an interview. "Gold was down a lot, so I bought it."
Druckenmiller, who had held a gold position going into the November election, sold it on Election Night, explaining in a CNBC interview that he was optimistic that President Donald Trump's administration would bring deregulation and "serious" tax reform that spurs growth. Those benefits, he said, were expected to outweigh concerns about more protectionist trade policies. "All the reasons I owned it for the last couple of years seem to be ending," he said at the time.
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At 3 Aces Project, Golden Predator Finds 7.5 Meters of 33 Grams-Per-Tonne Gold
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. ...
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