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The View From The Montana Log-Cabin As Gold Continues to Drift

By Nigel Somerville | Sunday 3 July 2022


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.


Another week, another slip in the Gold price: it closed this week at $1813, down from $1827 last week. But as real yields rise, Jordan Roy Byrne of TheDailyGold.com comments that one might have expected Gold to show rather more weakness than it has – especially with the US Dollar still on the rise. That it has not fallen off a cliff suggests that the market is already sensing an abrupt reversal of course by central banks.

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