All time gold price high saves ASX

David Llewellyn-Smith

Monday 27 July 2020

The AUD is bid this morning as DXY sinks:

Bonds remain pancaked:

Stocks are up a little:

Big Iron is struggling:

Big Gas is down:

Big Gold is marching as the metal hit an all-time high this morning. Macquarie’s stupid Friday downgrade now forgotten:

Big Banks are sinking again:

MB Fund has been buying gold equities on the dips for much of the year. I see it going much higher. Though be warned. It is volatile.

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.