A brief, pictorial essay seeking to illustrate a few salient features of today’s gold market, such as what underlying factors drive the gold price? How ‘cheap’ or ‘expensive’ is gold on a relative and historical basis? Gold or gold miners, that is the question. How is the gold market positioned? What do the technicals say about gold’s possible future direction?
Read the thoughts of the author of ‘Money, Macro & Markets‘ courtesy of HindeSight Letters

Continue reading …