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The View From The Montana Log-Cabin As Gold Surges Again ( ouzo on beans time?)
Gold finished the first week of 2023 at $1866 – up nicely from the $1824 at which it closed last year. Having sold off, briefly, to around $1830 on Thursday, Friday’s US economic data saw a resurgence at high at $1870. A cracking start to 2023 for Gold-bugs, and the Gold miners have rallied too, as can be seen on my chart of Gold vs the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers). Is it time to reach for the Ouzo yet?
- By Nigel Somerville
- 2023-01-07 12:00:07
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