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Gold Hangs Tough, But Crude Is a Better Bet

August 7, 2023

From the Desk of Ian Culley @IanCulley

The stars have not aligned for gold bugs.

Rates and the US dollar are both catching higher – the opposite of what would likely ignite a precious metals rally.

Yet gold continues to hold above its former 2011 highs

Despite these setbacks, my bias remains bullish for gold.

But my desire to own the strongest assets is shifting actionable trade setups toward more profitable opportunities…

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