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Why gold will beat the stock market in the coming weeks

Gold and gold mining stocks are once again poised for a significant rally.

I say “once again” because the gold market for several months now has been bouncing back and forth between sentiment extremes. After being excessively optimistic at the beginning of this year, gold market timers became excessively by late February/early March. By mid-April their exuberance had returned, but then the pendulum swung back and now—once again—they’re excessively pessimistic.

Gold…

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