By Nigel Somerville | Tuesday 22 September 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.
At the weekend, ShareProphets’ favourite technical analyst seemed at his bearish worst, warning that the correction hasn’t played out yet, that gold could drop to the low $1800s and you should keep your powder dry. Of course, in the longer term, Jordan Roy-Byrne of TheDailyGold.com is a major gold bull so he sees a pull-back as an opportunity. On the other hand, I have been suggesting selective accumulation as and when the opportunity presents itself. And yesterday, almost as soon as Roy-Byrne’s thoughts were out, the gold price went into a tail-spin – he is infuriating!…
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