By Nigel Somerville | Wednesday 12 August 2020
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.
I said yesterday that this correction in gold and gold stocks was not a time for worry, it was time to get out the buying boots. Gold tumbled all the way down to around $1875 per ounce overnight – quite a drop from the recent peak of $2067 and gold stocks were pretty much in freefall yesterday. Some corrections mean hanging around the same prices for an age but this was a good old sell-off. As I write, gold has recovered to $1935…
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