Thoughts on Gold

by CantillonCH

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

 

RATIONALE

 

Slide3 Slide4 Slide5

HISTORY

 

Slide7Slide8 Slide9 Slide10 Slide11 Slide12 Slide13 Slide14 Slide15

DIGGERS v THE DUG

 

Slide17 Slide18

POSITIONING

 

Slide20 Slide21 Slide22 Slide23 Slide24

TECHNICALS

 

Slide26 Slide27 Slide28All charts other than No.s 1, 2,7 & 12 courtesy of Bloomberg