Gold stores fortunes decline along with the metal

|By:, SA News Editor

Contrarian gold bulls trying to time a bottom for the metal may want to keep an eye on the operations U.K. pawnbroker H&T. Its Gold Bar chain of stores set up to take advantage of the metal's bull market is down to 5 outlets from 55 a year ago, with CEO John Nichols expecting to shutter the last 5 within the next year.

If gold perks up again, so will the stores.

The stock is off 55% YTD and nearly 70% from a peak 2 years ago (at about the same time gold was peaking).

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