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The View From The Montana Log-Cabin As Gold Correction Continues And More Dark Clouds Appear

By Nigel Somerville | Sunday 5 May 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 $2,301 – down from last week’s $2,337 but still above $2,300 and firmly in bullish territory as the big move through $2,100 corrects. This may continue for a little while yet, but economic dark clouds continue to gather over the US which will surely offer a tailwind to the yellow stuff.
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