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The View from the Montana Log Cabin as Gold Races Ahead…..well, sort of, but I am very bullish for Year-end

By Nigel Somerville | Saturday 8 May 2021


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.


After a long period of going nowhere at around $1745 per oz since late February, Gold has pushed higher. Last week it was at $1770, having reached $1777 the previous week. This week the price closed at $1831 and the effect on my portfolio of Gold stocks has been very pleasing. So, as I suggested last week, sell in May would have been a mistake. So what now? Will precious metals continue the ascent in the short term, or might there be good reason to expect a reversal?

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