Thursday, January 2, 2020

Gold

There are strong signs of an emerging bull market in gold.  Recent prices have climbed to above $1500.  We haven't seen prices like this since the early years of the Obama Administration.

Here are a couple charts for your perusal.  The first is the recent price movement in the near term.

Price movement began in May 2019, source Kitco.com




To get a better glimpse of the longer term, here is a chart spanning the years from 2000, or thereabouts, to the present.





Current prices are comparable to 2012.  The all-time high was reached in the previous year.


Perhaps nothing really significant has happened yet.  But this bears watching.




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