Gold breaks out, hits all time highs in Aussie

David Llewellyn-Smith

Wednesday, 6 July 2016

Hope you’re all enjoying this. Gold just broke out to new recovery highs in Asia:

What is most impressive about this is that it is happening despite a strong US dollar:

That gives you an idea of how strong is the market pulse against monetary instability generally, not just in the US.

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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.