Gold rockets higher

The AUD is still bubbling away this morning despite Victoria’s virus calamity (thanks RBA):

Bonds are dead as the Dodo:

Stocks have backed away from resistance but the chart is bullish:

Gold is the story de jour. Up she rockets:

Big Iron has been sucked down by an ordinary BHP print:

Big Gas is OK:

Big Gold looks to be ramping nicely:

Big Banks are enjoying a JobKeeper 2.0 moment. I expect it will pass quickly:

Big Chunt still has no business but nobody cares:

Crazy times and mad central banks suit gold.

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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.