Sienna Resources Inc V.SIE

Not That of a Risk

[Donnut]

Pressure on the economy could hurt a lot of its sector but these particular stimulus could be benefiting the gold industry!

 

Gold seems to have pulled back from its record cost of about $2,089.20/oz. However, many analysts reported that gold could be preparing to rally thanks to stimulus and economic risks. Analysts at Citi seem to have a target of roughly $2,500 for gold. It was said that the possible current catalysts compare to those of gold’s rally between 1970 and 1980. Not only there is a potential of a weaker dollar, but there could also be risks, falling real yields, and the potential for further geopolitical tension.

 

Gold exploration companies could be in a stable position to capitalize on these catalysts as appears to possibly operate in stable and mining-friendly Canadian jurisdictions. Sponsored Post . Check disclaimer on profile and landing pa