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The View From The Montana Log-Cabin As Gold Continues To Hold Up

By Nigel Somerville | Sunday 7 August 2022

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 ended the week at $1777, up from $1767 last week, and held up well in the face of a surprisingly strong jobs report in the US last week. That jobs report was good news, supposedly, but following the previous week’s bad news on US GDP which was taken as good news, this week’s positive jobs report was taken as bad news and market fell, with the exception of the Dow Jones index. Hmph!

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