Gold (and…ahem…Bitcoin) in safe haven boom!

See the latest Australian dollar analysis here:

Weak Europe to crush Australian dollar rally

Australian dollar gold is at new record highs today:

Amusingly, “digital gold”, otherwise know as Bitcoin, is also on the charge:

And its relationship with gold is holding:

This is kind of impressive, in its own way, given the Trump Administration has declared war on it, suggesting it is the precise opposite of a safe haven.

Or maybe it’s just completely bonkers!

I still see more ahead for gold. And, it appears, BTC, though I wouldn’t count on it.

David Llewellyn-Smith
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  1. Chinese love bitcoin as that’s how they can still get money out of China…. notice the spike after devaluation in Asia hours….keep it all in cyberspace and leave it there….