Gold and Gemstone Mining Inc (GGSM)

[CMsixfigures]

GOLD IS A BUY FOR NOW GGSM
Gold plunged last week as U.S. Treasury yields soared in reaction to a hawkish U.S. Federal Reserve meeting. The rise in yields helped make the U.S. Dollar a more attractive investment, reducing foreign demand for dollar-denominated gold.

There was some buying late in the week due to a geopolitical concern, but the primary catalyst for the selling pressure was the hawkish Fed.

December Comex Gold futures settled the week at $1297.50, down $27.70 or -2.09%.
ACCUMULATION PATIENTLY
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