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home / news releases / SGOL - Gold's Path To $5000: The 'New Economic Reality'


SGOL - Gold's Path To $5000: The 'New Economic Reality'

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Gold's Path to $5,000: The "New Economic Reality"

SPDR Gold Shares (GLD)/Gold has appreciated by about 30% since my "Don't Panic: This Is a Golden Long-Term Buying Opportunity" article I wrote on August 16, 2018. This was a time when the Fed was tightening and gold hit a short-term bottom at around $1,175 following a vicious sell-off.

Gold 1-Year Chart

Source: StockCharts.com

In this article, I called out the Fed on its tightening program, mentioning that the economy was unable to sustain higher rates, and the Fed would need

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Stock Information

Company Name: Aberdeen Standard Physical Swiss Gold Shares
Stock Symbol: SGOL
Market: NYSE

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