By Nigel Somerville | Saturday 15 October 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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 finished the week at $1645 per oz, down from last week’s $1695 and back below the apparently all-important $1675 line. So we have had a false breakdown, then a false beak-up and we are back in the doldrums. But in view of what else is going on (even higher interest rates, anybody?), I would suggest the yellow stuff is actually doing just fine.
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