As restrictions are unlikely to be relaxed until there is a decline in new cases, we expect base metal prices to be under pressure. We expect the US$ to stabilize at current levels as we believe the chance of another stimulus package in Q1 is low. The consensus forecast for gold in 2021 is US$1,800 to US$1,900/oz.

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Companies Mentioned:

Cornerstone Capital Resources Inc. , Mammoth Resources , Elys Game Technology Corp. , European Residential REIT