Australian dollar gold to the moon

Friday 2 August 2019

A picture is worth a thousand words:

The MB Fund rotated from iron ore miners to gold miners a month or two ago.

I still worry that if this global shock really gets going then gold will also suffer as the USD attracts a massive safe haven bid.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.