By Nigel Somerville | Thursday 29 October 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.
The Gold correction still rumbles on but as investors are perhaps panicking, Jordan Roy-Byrne of TheDailyGold is unwrapping his buying boots ready for action. Having feigned strength last week, gold itself headed south last night to a low point of $1870 per oz and gold stocks took a bit of a whipping yesterday. But the broader market was also hit and the US$ has been recovering from a low point and Europe has been heading back into lockdown. It looks like a fear trade to me…
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