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The View From The Montana Log-Cabin As Gold Tries To Make A Break

By Nigel Somerville | Monday 24 January 2022


 


Gold ended last week at $1836, up nicely from the prior week’s close at $1818 and, perhaps importantly, just above resistance at $1830-1835. Silver also did well, closing at $24.32 – close to a two month high. Meanwhile, for stockmarket bears, markets were selling off. The only ingredient now needed for Jordan Roy-Byrne’s (ahem….) golden scenario now is a Fed rate hike.

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