The golden blowoff is here

Friday 23 January 2026

That gold has not come off post-Greenland tells us it is now in the blowoff phase. If gold has become attached to the mind of the American madman, then this is going to be epic.

RSI at 95 is mad.

Vol is entering blowoff.

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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.