Gold

A picture is worth a thousand words: The MB Fund rotated from iron ore miners to gold miners a month or two ago.

Via Ray Dalio: One of my investment principles is: Identify the paradigm you’re in, examine if and how it is unsustainable, and visualize how the paradigm shift will transpire when that which is unsustainable stops.

by Chris Becker We’ve seen Bitcoin crater in recent days, but the true fallout from the G20 trade war truce maybe the real Minsky Metal – gold.

Beware the magazine cover indicator!

The AUD is down a little through the morning with no misbegotten RBA utterances to keep it aloft: XJO is down marginally: Aussie bonds are up: Bitcoin and gold are upperer: Dalian is soft: Big Iron up anyway: Big Gas is meh: Big Gold to the moon!

DXY fell hard Friday night.

Bitcoin is back: I won’t even pretend that this is sustainable.

From some dill at Domain: Gold has just had its longest winning streak in 18 months, as investors get nervous about the impact of the Trump trade wars on economic growth, and the US Federal Reserve looks likely to cut rates.

by Chris Becker What’s going on with gold?

Via Bloomie: The U.S.

Goldman says so, via Bloomie: Goldman Sachs Group Inc.

Via Bloomie: Don’t write off gold in the battle of the havens.

I’ve been having this conversation regularly lately.

It’s supposed to be looking up for gold, with increased consumer demand and a series of central banks, including Russia, dumping US Treasuries to buy the shiny undollar.

Via Bloomberg: Gold will surge to the highest level in five years if a global trade war breaks out, according to Rick Rule, chief executive officer of Sprott U.S.

From Birch Gold Group: It is generally well known in economic circles and in the general public that precious metals, including gold, tend to be the go-to investment during times of fiscal uncertainty.

DXY cratered to new lows last night: But the AUD fell as well against everything: Including EMs: All it took was one thinning jobs report.

Sigh, at the ABC: The gold industry is pulling out all stops in its fight to defeat what it claims will be a job-crippling royalty increase.

Dalian is selling today: Big Iron is up anyway: BHP and RIO are both pushing towards break out lines.

Dalian is trying repair overnight damage today: Big Iron is down sharply.