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The View From The Montana Log-Cabin As “Mr Slammy” Hits Gold Before Iran Strikes Israel

By Nigel Somerville | Sunday 14 April 2024

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 closed the week at $2,344 – another new all-time weekly high, up from last week’s 2,330, but having peaked yesterday at around $2,430 it was a bit of a disappointment for Gold bulls. After the peak in December, out favourite technical analyst, Jordan Roy-Byrne of commented that “Mr Slammy” had come into play, crunching the yellow metal price back down again. On Friday he paid another visit…..and then Iran launched an attack on Israel.
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