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The View From The Montana Log-Cabin: Is Gold Starting A Rebound?

By Nigel Somerville | Saturday 23 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.

Gold ended the week at $1728 – up (at last!) from last week’s $1709. It may not be much, but bearing in mind what happened in between times, I wonder if this may be the start of a rebound. Gold has had few friends for weeks and even Tom Winnifrith, a Gold bull (if a bit less madly so than me) was expressing doubts. If even he is having doubts, have we reached capitulation and finally turned the corner?

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