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Gold and Silver heading high – word from the Hermit’s log-cabin in Montana

By Nigel Somerville | Thursday 23 July 2020


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Gold has been heading steadily higher towards its all-time high (in US dollar term) of $1920 per oz way back in September 2011. Last seen it was sitting at $1880 – within spitting distance of the all-time mark. Meanwhile its little brother, Silver, has been shooting the lights out, having broken through a six-year ceiling at $20 an ounce and has raced higher to $22.66. So is it time to sell yet?

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