Gold smashed

David Llewellyn-Smith

Thursday 14 November 2024

The analogue crypto puke is on.

Plenty more where that came from as it takes out support levels.

There is nothing unruly here yet. If we are going to match fundamentals, then a big flush is in the offing.

Don’t be fooled. For a safe haven, gold can be very volatile when it turns.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.