US election and gold price
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Statistically, November is one of the best months of the year, ranking third after January and May. Last November, however, the price of gold went down, probably because the uncertain situation in the trade dispute between China and the USA eased.
If one looks at the development of the gold price shortly after the last election in the USA, it was subject to strong fluctuations on the day when the election result was fixed. In the following weeks, the gold price lost significantly. If the election is contested as in 2000, this leads to uncertainties and increased volatility on the markets. The gold price could benefit from uncertainties. Reseters should then be used for an entry. Should there be long disputes after the election, this would probably weaken the US dollar, so that gold would strengthen in price.
But no matter who the new president of the USA is, quantitative easing will be expanded, and the debt spiral will continue to turn. The economic and financial conditions will remain the same and should give the gold price a further boost.
Thus, the breeding ground for the price potential of promising gold companies is prepared. These include Adventus Mining or Aguila American Gold.
Adventus Mining focuses on gold and copper in Ecuador. Drilling at the Curipamba, Pijiili and Santiago projects has identified numerous new targets for further exploration. In addition, the Company is exploring for large mineral concessions in Ireland.
Aguila American Gold will begin drilling at the Wusa Gold Project in Oregon in mid-November, following a recent financing deal. The project consists of four potential areas (soil samples have returned up to 5.51 grams of gold per tonne of rock) and is adjacent to a 19th century gold rush area.
Current company information and press releases from Adventus Mining ( https://www.resource-capital.ch/en/companies/adventus-mining-corp/).
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