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Gold About to Make New Lifetime Highs

Published 07/16/2024, 02:25 AM
XAU/USD
-0.52%
GLD
-0.69%
DXY
-0.12%

Gold, as most of you know, is one of the few assets whose ascent I consistently cheer. I’m very pleased to see GLD approaching levels never seen before.Gold Price Chart

The longer-term /GC chart looks exceptional. No, gold isn’t cheap, but I could absolutely see this doubling.

Gold Futures/GC Price Chart

A different view of this, gold divided by the US Dollar Index, also looks bullish.

GC/UUP Chart

Go, gold, go!

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