“Curse Month” October

In terms of stocks, October is the most volatile month and it seems to be the same this time around.

This year, the stock markets will not only be influenced by the elections in the USA, but also by the corona pandemic. Some experts assume that the US president’s coronavirus disease could lead voters to believe that he cannot effectively deal with the virus.

Brexit is also attracting interest again, so it is another uncertainty. Because although the transition period ends at the end of December, no trade agreement has yet been concluded with the EU. The EU even took legal action against the British plans.

These circumstances can give the gold price a further boost, especially when the time comes closer to the US elections. Gold rose for the eighth time in a row at the end of September. For comparison: between 2008 and 2011, the price of the precious metal rose for twelve quarters in a row. This time gold went down in price in September alone. However, September is usually a strong gold month, mainly because there is strong demand in India for seasonal reasons.

Currently, the gold price drivers are uncertainties, negative real interest rates and unprecedented money printing. The fact that the central banks have bought less gold in the current year should change again in 2021, according to Citigroup analysts, for example. Aurania Resources is one of the companies that are benefiting from higher precious metal prices.

The Lost Cities Cutucu Project by Aurania Resources – – is located in the Andes in southeastern Ecuador and contains silver, gold and copper. The name of the project comes from the history of the two lost or forgotten former Spanish gold mines in Ecuador. CEO Keith Barron became famous with the discovery of the ten million ounce Fruta del Norte gold project in Ecuador.

Also Skeena Resources – – focuses on gold and silver, with the former producing mines Eskay Creek and Snip. Located in the Golden Triangle of northwest British Columbia, drill results are encouraging.

Current company information and press releases from Aurania Resources (- -) and Skeena Resources (- -).

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