Friday, November 04, 2022 3:30:07 PM
Gold is up $52, Silver up $1.50, GDX up 9%, GDXJ up 9%, so these are strong up moves and I just heard some people on the biz channel talking about it.
Maybe someone on Wall Street hit the BUY button and now everyone is piling in?
It could be a short-term spike higher before another leg down. Next week may tell the story.
Here are a couple of articles:
https://www.kitco.com/news/2022-11-04/Gold-prices-up-2-as-a-key-recession-gauge-hits-a-40-year-high.html
https://www.kitco.com/news/2022-11-04/Should-gold-investors-be-selling-into-the-rally-Analysts-weigh-in-on-the-50-move.html
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