ASX golden bull is born

David Llewellyn-Smith

Thursday, 23 July 2020

And running. The Lunatic RBA’s AUD thermal is still in play:

Yields dead:

XJO is flat:

Big Iron is soft:

Big Oil as well, barring the evil Santos:

Big Gold is running after solid results from NCM and EVN, not to mention the incipient gold bull market:

Big Banks have faded the DoleHider bounce as expected. Their future is bleak:

No different for Big Chunt though investors still don’t care:

They’ll have to learn the hard way.

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.