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The View From The Montana Log-Cabin As Gold Finally Goes Into Correction
It has happened at last: Gold finally put in a top and corrected, closing the week at $3,318 in comparison to last week’s $3,327. Er, what? That’s not a correction…until you see that at the beginning of the week Gold briefly made it to $3,500 and then plunged as low as $3,262 before recovering a little. The Gold miners were dragged down, as can be seen on the chart below of Gold versus the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).So what now – is that it? Is the Gold rush all over? I don’t think so.
- By Nigel Somerville
- 2025-04-27 07:23:58
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