ASX gold finds a bottom

David Llewellyn-Smith

Wednesday, 2 December 2020

The AUD is climbing this through the day:

Bonds are soft at the long end:

XJO is stalled:

Big Iron is up:

Big Gas too:

Big Gold is sniffing out a bottom:

And why not:

Big Banks are soft:

Big Tech is still trending lower:

Not a lot of factor rotation apparent today.

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.