The View From The Montana Log-Cabin As Gold Bounces; Fed In A Jackson’s Hole
By Nigel Somerville | Sunday 27 August 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.
Jordan Roy-Byrne of TheDailyGold.com, our favourite technical analyst, has been saying for a few days that Gold was due a bounce. It duly did – on pretty awful US PMI data on Wednesday – and closed the week back over $1900 at $1915, compared to the prior week’s $1890. The miners followed suit – has a low been put in yet?
Premium content is for paid subscribers only
ShareProphets is reader-supported journalism
Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.