According to TD Securities' Senior Commodity Strategist Daniel Ghali, despite easing central bank gold purchases, uncertainty surrounding the upcoming U.S. election is likely to keep investors holding onto their gold.
Ghali notes that geopolitical tensions and a potential contested election could strengthen gold's safe-haven appeal, preventing significant sell-offs.
While central bank buying has slowed, other factors like global instability and the Federal Reserve's easing cycle continue to support record-high gold prices. Investors appear reluctant to sell in the current environment, and unresolved election results could prolong gold's rally by amplifying volatility and anxiety in the market. (Source:
https://www.kitco.com/news/article/2024-10-22/gold-prices-benefit-us-election-uncertainty-disputed-result-will-prevent)
Strongly positioned amid this opportunity, near-term gold junior Borealis Mining (BOGO.v) is focused on its Borealis Gold Project, aiming to increase gold production to over 100,000 ounces annually.
With a rich history, the Borealis Mine has already produced over 600,000 ounces of gold, and is supported by infrastructure that facilitates both current and future operations.
Recently, the company achieved its second gold pour of the year and is now working to resume mining activities to generate cash flow, prioritizing this over dilution before expanding the project's resources further.
For more information, refer to this deep dive:
https://www.reddit.com/r/smallstreetbets/comments/1g5cxfy/cash_flow_over_dilution_nearterm_gold_junior/ Posted on Behalf of Borealis Mining Company Ltd.