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The Grexit is surely on, buy gold

By Ben Turney | Monday 6 July 2015


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’s reaction, or lack of it, to Greece’s resounding “No” vote on Sunday could prove to be a wonderful buying opportunity both for the metal and its battered miners. Equity markets initially fell heavily in response to the news out of Athens, but over the course of today have pared losses. There seems to be a growing consensus that some form of compromise will be reached before 20 July, when Greece owes its next payment to the European Central Bank. However, it might be too late for that.


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