The charts that matter: gold dips after Buffett buys in

Warren Buffett bought into gold's bull market just as the price slipped again. Here's how the charts that matter most to the global economy reacted.

Welcome back.

In this week’s issue of MoneyWeek, Jonathan Compton looks at how farming currently works (hint: its business model is unsustainable) and how it might look in the future as the global population gets richer and diets change; farmers respond to an increasing number of environmental challenges; and the “eye-watering” level of subsidies inevitably fall. He picks the best ways to invest in the farms of the future. It’s well worth a read – so if you’re not already a subscriber, get your first six issues free here now.

In the latest podcast, John talks to Helen Thomas of BlondeMoney, one of the most astute political analysts I know, about V-shaped disappointments and the “velocity of people”, and why Donald Trump could spring a surprise come November’s presidential elections. Don’t miss this one – you can listen here (or wherever you get your podcasts).

We also have a new “Too Embarrassed To Ask” video. This week, we discuss what “liquidity” is, and why it matters. Check it out here.

Here are the links for this week’s editions of Money Morning and other web stories you may have missed.

Now a swift rundown of this week’s main charts.

The charts that matter

Gold slipped back after Warren Buffett’s purchase of half a billion dollars’ worth of shares in mining giant Barrick. It’s now over $100 below the fresh peak it hit at the start of the month – but the show’s by no means over yet.

(Gold: three months)

US dollar index (DXY – a measure of the strength of the dollar against a basket of the currencies of its major trading partners):

(DXY: three months)

Ten-year US government bond yield:

(Ten-year US Treasury yield: three months)

Ten-year Japanese government bond yield:

(Ten-year Japanese government bond yield: three months)

Ten-year German bund yield:

(Ten-year Bund yield: three months)

Copper:

(Copper: nine months)

Aussie dollar:

(Aussie dollar vs US dollar exchange rate: three months)

Bitcoin:

(Bitcoin: three months)

Oil price (Brent crude):

(Brent crude oil: three months)

Amazon:

(Amazon: three months)

Tesla:

(Tesla: three months)

Have a great weekend.

Recommended

Gold has had a tough start to 2021, but we’ve been here before
Gold

Gold has had a tough start to 2021, but we’ve been here before

Gold has had a disappointing start to the year – in an increasingly digital world, it’s the ultimate analogue asset. Nevertheless, says Dominic Frisby…
20 Jan 2021
Gold’s strong start to the new year
Gold

Gold’s strong start to the new year

Gold has raced off the starting blocks for 2021, hitting a two-month high on Monday.
7 Jan 2021
The Arab Spring ten years on: a revolution that failed to blossom
Global Economy

The Arab Spring ten years on: a revolution that failed to blossom

Ten years ago, the Arab world was rocked by mass protests and popular uprisings that ousted long-reviled dictators. For the most part, the end result …
23 Jan 2021
The charts that matter: inflation, bubbles, and booze
Economy

The charts that matter: inflation, bubbles, and booze

As US stocks head higher into bubble territory, John Stepek looks at the charts that matter most to the global economy.
23 Jan 2021

Most Popular

Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Inflation is the easiest way out of this – just don’t expect politicians to admit it
Inflation

Inflation is the easiest way out of this – just don’t expect politicians to admit it

The UK government borrowed £34.1bn in December, a record amount for that month. Britain's debt pile now amounts to 100% of GDP. How are we going to pa…
22 Jan 2021
The best investment trusts to buy for 2021
Investment trusts

The best investment trusts to buy for 2021

Sectors ranging from emerging markets to student accommodation look poised to do well this year, says David Stevenson, as he picks the best investment…
19 Jan 2021