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The View From The Montana Log-Cabin As Gold Bounces…..Another Leg-Up Coming?

By Nigel Somerville | Sunday 13 October 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 $2,657 – up marginally on last week’s $2,653 but a good bounce from this week’s low point just above $2,600. Gold stocks also bounced and look set to head for another recent high as can be seen on the chart below of Gold vs the mining ETFs GDX (majors), GDXJ (juniors) and GOEX (explorers).
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