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).

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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: nine months)

Aussie dollar:

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


(Bitcoin: three months)

Oil price (Brent crude):

(Brent crude oil: three months)


(Amazon: three months)


(Tesla: three months)

Have a great weekend.

Ben Judge

Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website,, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.

Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin. 

As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.