The View From The Montana Log-Cabin As Gold Surges Again ( ouzo on beans time?)
By Nigel Somerville | Saturday 7 January 2023
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 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?
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