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ESGold Corp C.ESAU

Alternate Symbol(s):  SEKZF

ESGold Corp is a Canada-based resource exploration and processing company. The Company’s advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Its principal restoration and recovery project is the Montauban property situated in Quebec, just 80 kilometers west of Quebec City. The mineral claims comprising the Montauban property (the Property) are located in southern Quebec, 120 kilometers (km) west of Quebec City and 80 km northeast of Trois-Rivieres. It holds approximately 226 mining claims totaling approximately 10,830 hectares on the Montauban Property. The Eagle River Property consists of approximately 141 mineral claims located in the north-western limit of the Mauricie area in Quebec Province, totaling approximately 7,972 hectares. It holds a 50% interest in the Ottawa River Project.


CSE:ESAU - Post by User

Bullboard Posts
Post by InvestorOon Nov 06, 2016 9:33am
72 Views
Post# 25429504

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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