Gold rush

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The Alchemist way

Gold’s “unstoppable” upside trajectory continues. We have been pointing out the similarity with the early 2025 break out move for weeks. That triangle break out saw gold surge by around 28%. Apply the same percentage gain to the late August break out and we could reach around $4300, just where the upper part of the trend line comes in.

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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.