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Gold Will Shake Off the Summer Doldrums When This Happens – Expert | Kitco News




from Kitco NEWS

The gold market is back on the radar but to geologist Mickey Fulp, the metal needs to push back above $1,300 before investors get interested in the resource sector again. ‘This sector has no hope until after labor day,’ he said in a recent interview with Kitco News. ‘After labor day, seasonal factors should help gold and the miners.’ But to Fulp, it may be a good time to get into the miners, especially with many companies at ‘really low’ valuations right now. ‘It appears to me right now that we’ve hit the normal, seasonal low for gold,’ he said. ‘That low on July 7 will stand as the summer-doldrum low.’

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