Australian dollar gold hits all-time high

David Llewellyn-Smith

Monday 3 August 2020

Australian dollar gold is at all-time highs this morning:

Australian gold equities are matching the bull market:

But note that equities usually very much overshoot the underlying metal before the bull market is done.

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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.