US election and gold price

November is in itself a good month for gold prices. Now comes the election in the USA, which leads to a tense situation.

From a statistical point of view, November is one of the best months of the year, it is in third place after January and May. Last November, however, the gold price fell, 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 established. In the weeks that followed, the gold price fell significantly. If the election is contested, as in 2000, this leads to uncertainty and increased volatility in the markets. The gold price could benefit from uncertainties. Reset should then be used to get started. Should there be long disputes after the election, this would presumably weaken the US dollar, thereby strengthening the price of gold.

But no matter who the new president of the US is, quantitative easing will expand and the debt spiral will continue to spiral. The economic and financial realities 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, for example, Adventus Mining or Aguila American Gold.

Adventus mining – – focuses on gold and copper in Ecuador. On the Curipamba, Pijiili and Santiago projects, numerous new targets for further investigations were discovered through drilling. The company also has major mineral concessions in Ireland.

Aguila American Gold – – Will begin drilling at the Wusa Gold Project in Oregon in approximately mid-November following recent funding. The project consists of four potential areas (soil samples yielded up to 5.51 grams of gold per ton of rock) and is adjacent to a 19th century gold rush area.

Current company information and press releases from Adventus Mining (- -).

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