Two losers - Gold wins
Surprise no, black eye for Donald Trump yes. The majority in the House of Representatives went to the Democrats in the halftime elections in the USA after all. Trump can't do what he wants with that anymore. He can whip laws through the Senate, which continues to be led by the Republicans. But when it comes to finances, he has to find a consensus with the House of Representatives.
There it could be that the US debt will go up somewhat more slowly. But she is already in spheres that are likely to make any finance minister feel dizzy. Trump is definitely getting a little inhibited in his actions. He may also have to rhetorically cut back a little. This in turn seems to please the stock markets. The first reactions to the mid-term election were positive - except for the US dollar. It gave off some terrain.
This uncertainty about how to proceed in the USA and the weaker US dollar support the gold price. In the long term, the precious metal could therefore still appreciate significantly. With a lever, investors in this environment are betting on the gold price with shares of gold companies. Examples of interesting gold stocks are Maple Gold Mines and Nordic Gold.
Maple Gold Mines - https://www.commodity-tv.net/c/search_adv/?v=298484 - has the Douay project north of Quebec. In 2018, drilling was completed for a total length of approximately 22,600 metres. About 3.2 million ounces of gold are said to be in the project. The project, which covers about 377 square kilometres, is located in the gold-rich Abitibi greenstone belt.
Nordic Gold - https://www.commodity-tv.net/c/search_adv/?v=298622 - owns the fully constructed and approved Laiva gold mine in Finland. The first gold casting is planned for 27 November. The Company expects to produce 67,000 ounces of gold in the first twelve months.
Latest company information and press releases from Nordic Gold (https://www.resource-capital.ch/en/companies/nordic-gold-corp.html) and Maple Gold Mines (https://www.resource-capital.ch/en/companies/maple-gold-mines-ltd.html).
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