Is gold’s bull run finally here?

Tuesday 14 April 2020

The answer is a qualified yes for USD priced gold:

Gold will run as the underpinnings of the USD weaken. There is plenty of that going on with the mass demolition of both fiscal and monetary discipline. Further upside will come if we see any kind of global recovery and capital floods out of the US and back to the margins.

The answer to the question posed by this post is an unadulterated yes in Australian dollars:

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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.