The View From The Montana Log-Cabin As Gold Follows Through On Bounce
By Nigel Somerville | Sunday 3 September 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 week at $1940, following through on last week’s bounce back over $1900 to $1915. Good news? Our favourite technical analyst Jordan Roy-Byrne of TheDailyGold.com reckons nothing has changed with the price of the yellow stuff caught rangebound. I’m a little more optimistic but it is still a matter of waiting patiently. Happily, Gold stocks have also been bouncing, as can be seen from my chart of Gold vs the GDX (majors), GDXJ (juniors) and GOEX (explorers) mining ETFs.
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