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Gold Wobbles but the Montana Log-Cabin stands firm

By Nigel Somerville | Wednesday 19 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.


Jordan Roy-Byrne warns that judging by past events gold is likely to be a bit wobbly in the wake of the correction over the last few days. Thus we have seen gold fall from a high of $2067 to a low point of $1885-ish, a recovery back over $2000 and now we are wobbling around $1990 per ounce. But in the greater scheme of things, given that we have risen from around $1560 per ounce this year, these wobbles don’t add up to much. My Montana log-cabin stands firm.

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