Selected Charts on Gold

from “CRIKEY!! (What’s Going on With Gold?)" by Grant Williams

Link to Grant Williams' talk given in Nov. 2019 at the Precious Metals Summit, Switzerland.

Comments and observations are as of Nov 2019.

Gold Price, when measured in terms of a basket of currencies (as opposed to the US dollar), has broken to a new 35-year high.

Comparing Gold's Price to the Dow Jones, gold appears to be undervalued relative to the Dow Jones (yellow circles). Overvaluations (red circles) occurred at historically significant points in time ...

Not only has the gold price lagged the S&P 500 since 2011, but gold miners (GDX ETF) and junior gold miners (GDXJ ETF) have fared significantly worse.

The Silver Price chart has a cup-and-handle formation spanning 40 years!

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