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The View from the Montana Log-Cabin as Gold goes nowhere fast

By Nigel Somerville | Saturday 27 March 2021


 


Two steps forward, one step back. Gold closed at $1734 per oz this week, down a tad from last week’s $1745, ending a two-week rally but the truth of it is that it has been going nowhere fast over the last two and a half weeks, as can be seen on the chart below. I guess that is better than continuing the decline.

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