The charts that matter: gold dips after Buffett buys in

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.

• Monday: Two “crosses” to help you decide when to buy and sell the markets
• Tuesday: Warren Buffett, hater of pet rocks, buys his first gold mine
• Wednesday: Why Warren Buffett’s purchase of Barrick shares is such a big deal for gold-mining stocks
• Thursday: Investors are assuming a near-perfect future – that seems unwise
• Friday: Career risk – the private investor’s secret weapon

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.