Data Diary

One further thought following on from our previous post (here) – if the RBA Commodity price index is at record highs, why is it then that industrial metals are trading historically cheap relative to gold? Perhaps it is a reflection of the uncertainty that prevails across the markets.  There has been enough talk about the debasement [...]

One really interesting under-current in the sell-off in global markets overnight was that gold was up on the night.  Is this a sign of things to come? Gold, and the precious metals complex more generally, has kept pace with the stupendous rally in equity markets over the last 18 months.  There have been various theories [...]

Just occasionally the mist clears and the trend shows itself – in this case all shiny and smooth with a yellowish lustre. Following yesterday’s reflections, the clarity around the world’s debt problems is only too vivid. The conclusion was to take a good long hard look at commodities. The question today is which ones? We [...]

One popular notion doing the rounds is that gold has been heading higher as a result of a loss of faith in the USD and ultimately the US government.  Who to say this is wrong – not me.  Obama may be a great orator but that if you don’t like the theatre, there isn’t much [...]