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The View From the Montana Log-Cabin as Gold Switches Back (upwards)

By Nigel Somerville | Saturday 14 August 2021


 


What a week: last weekend Gold had dropped sharply to $1763 and dropped further overnight Sunday/Monday, posting a flash-crash low of $1680 before recovering to around $1730. It all looked so gloomy: gold stocks were struggling, Gold had broken support at around $1775 and the only way appeared to be down. But we finished the week at $1780. Should I be getting out my party hat?

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