US Presidential Election Gold Price Forecasts

US Presidential Election Gold Price Forecasts

November 05, 2016 (datsyn.com) – A lot of focus will be on Tuesday’s US Presidential election, both from a political aspect and the market reaction.

Gold prices in early November had another strong week, climbing to its highest level in a month with a move above the $1,300 per ounce level. Precious metals have benefited from a generally fragile dollar and deterioration in global risk appetite as equity markets have declined.

Gold miners, they too are focusing on the US election, the gold miners want higher prices for higher earnings and when gold stocks turn in a bull market, they typically move 150% to 300%.

Such active gold miners are Nexus Gold Corp www.nexusgoldcorp.com (NXS.V) and Blue River Resources www.blueriv.com (BXR.V) who presently engaged in active gold exploration programs in Burkina Faso & Cambodia.

These companies are seeking higher gold prices along with the discovery of new economical & mineable gold deposits.

These companies’ market capitalizations can double or quadruple in size after gold deposit discoveries and with the addition of ounces of gold (assets) placed on to their balance sheets.

Both Nexus Gold and Blue River Resources have made significant progress this year on their projects.

Shares in gold companies at times do increase after drill gold assays announcements.

Companies like these tend to become potential takeover targets for intermediate gold producers who may be looking to add gold ounces to their inventories.

The US elections may have a positive or negative impact on gold and gold miners.

Source: Articles