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Schiff: The Most Unloved Gold Bull Market I’ve Ever Seen

Last week was a big week for precious metals. Gold broke above $2,000 an ounce and kept climbing, pushing over $2,075 later in the week. Meanwhile, silver blew through $28 and $29 ounce on Thursday and knocked on the door of $30. But even with another week of solid gains, there still seems to be a lot of skepticism about precious metals. Peter talked about gold’s bull run on his podcast and said it’s the most unloved gold bull market he’s seen in his entire career.

On Friday, we did finally got a corrective sell-off. Gold was down about $40 at one point and silver fell back below $28 for a time.

But even with the selloff, gold still closed well above $2,000 and was up 3% on the week. Silver ended up closing above $28 and saw a 15.5% weekly gain. Gold has closed higher for nine consecutive weeks. But as Peter pointed out, there have been down days.

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