By Nigel Somerville | Saturday 1 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.
This is a strange correction in gold, as the gold price has continued higher and closed last night at a monthly, weekly and all-time record high! Gold stocks are a shade off recent highs, but only just. Where I sit relaxing on the veranda of my log-cabin with my baked beans warming over the fire, it seems that on the one hand the gold market wants a correction which is surely overdue, but the economic data just keeps on getting worse and worse, forcing another surge…
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