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The View From The Montana Log-Cabin As JRB’s Call On Gold Bang On The Money

By Nigel Somerville | Sunday 2 March 2025


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 $2,857 – down on last week’s $2,935 and showing that our favourite technical analyst, Jordan Roy-Byrne of TheDailyGold.com was bang on the money with his call that a correction was coming and my caution. I don’t think the drop is significant, however, and Mark Watson Mitchell’s warning that nothing goes in straight lines come to mind. The yellow metal has had a great run so far this year: a correction/profit taking is inevitable.
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