The Dow-to-Gold ratio has now backtested for the second time, after breaking down below its 25-year triangle.
And the chart is now very close to making an expected lower low, which will confirm the historical trend change. Is gold now set to outperform the general stock market? Source: Graddhy - Commodities TA+Cycles
Have a look at the yearly Gold Forecast based on Bloomberg:
Highest forecast for 2024: 2,260, Median: 2,050 Highest forecast for 2025: 2,220, Median: 2,050 Highest forecast for 2026: 2,280, Median: 1,887 Highest forecast for 2027: 2,350, Median: 1,807 Consensus doesn't look optimistic at all on gold. We are far from bubble territory. Is the bull market just starting? Source: Ronnie Stoeferle
Just In: Gold rising to new all-time highs above $2,400 per ounce
for the first time in history.
What is it this time?
Source: www.zerohedge.com
Bitcoin’s inflation rate will become lower than gold’s post-halving
Source: Bitcoin Magazine
Central bank purchases, mainly by China have been quoted as the main reason for recent gold rally.
Gold makes out only 4.3% of china’s reserves, there is still large room for further purchases. Source: Michel A.Arouet
Nice chart by BofA showing central bank gold purchases from 2020-2023
Thru Ronnie Stoeferle
As shown by Meb Faber, holding 40% gold instead of US treasuries within your 60-40 portfolio would have delivered similar results as the 'traditional' 60-40 portfolio...
Going forward, with US Treasuries expected to be a poor diversifier due to supply overhang and sticky inflation, gold might prove to be even more useful within multi-assets portfolios.
