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Brien Lundin: Gold plummets -- and gold bulls are elated
By Brien Lundin
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Wednesday, April 23, 2025
I've never been so happy to see gold drop $100 in a day.
Of course I've never been happy at all to see gold drop like that, before today.
In a sign of how weird and volatile these markets are, I clicked on the MarketWatch tab in my browser this morning, only to see it hadn't updated since I last viewed it yesterday. I couldn't help but notice it showing the Dow down 600 points and gold up $108.
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A quick click to reload the page, and those values immediately updated to the Dow up 550 points and gold down $108!
Beautiful symmetry, and something that would normally send gold bugs banging their heads against their computer screens.
But not today -- because the recent run in gold, punctuated by $100 up days, had gotten parabolic and unsustainable. We have been needing a cooling-off to keep the bull market healthy, but instead we kept getting price spikes. ...
... For the remainder of the commentary:
https://goldnewsletter.com/go042325/
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