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Gold Update: Getting Close to the Bottom

July 8, 2022

Gold appears to be in the middle of a bloodbath phase. They tend to run for about 5-7 days, but irrational downside targets may be signaling the end of the bloodbath phase.

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In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.
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