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Blue River Resources Ltd V.BXR.H

Alternate Symbol(s):  BRVRF

Blue River Resources Ltd. is a Canada-based mineral exploration and development company. The Company is in the business of acquisition, exploration, and development of mineral properties. The Company is focusing on its Castle Copper project near Princeton, British Columbia (BC) and SWB Mining Claims in Ontario and is assessing additional opportunities in the mineral exploration sector and possible further opportunities with their investment in Global Satellite Integration Ltd (GSIL). The Castle Project is located in the Similkameen area of BC. The SWB Mining Claims include properties, such as Scruffy Lake Property, Wildrice Lake Property, and Bedivere Lake Property. The Company has no producing properties. The Company's wholly owned subsidiary is Blue River Resources Inc.


TSXV:BXR.H - Post by User

Bullboard Posts
Post by InvestorOon Nov 06, 2016 9:31am
123 Views
Post# 25429499

This Study Puts Gold Price at $1,850 with Trump Win

This Study Puts Gold Price at $1,850 with Trump Win

On Friday, gold had another rough day as a stronger US dollar and a rise on stock markets already around record highs diminish appetite for the hard asset.

Gold futures in New York for delivery in August, the most active contract, fell to a low of $1,319.40 in early trade before regaining some lost ground at the close. Two weeks ago gold closed at a two-year high of $1,368.

Year to date the metal remains higher by 24% or some $270 an ounce, the best annual performance in decades.

Georgette Boele of ABN Amro in a new research note charts gold movements during US presidencies going back to Gerald Ford 1974–1977 term to ascertain the possible impact on the price during a Hillary Clinton or Donal Trump presidency.

Boele says during the 1980s and 1990s, gold was first and foremost regarded as a hedge against inflation and during the Presidencies of Ford, Carter, Reagan I, Reagan II, George Bush and Clinton I, the consumer price index and gold prices moved in the same direction.

During Bill Clinton's second term however as inflation fears eased other factors began to influence the gold price to a greater extent according to the report. Several factors including a fiscal surplus in the US, a rise in US yields and a stronger dollar resulted in a 26% fall in the price of gold during Clinton II.

Mining.com

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