Gold Up 8% In First Half 2017; Builds On 8.5% Gain In 2016

Jon Precious Metals

– Gold up 8% in first half 2017; builds on 8.5% gain in 2016
– U. S. dollar down 6.5% – worst quarter in seven years
– Gold higher in all currencies except Draghi’s euro
– Gold outperforms bonds; similar gains as stock indices
– S&P 500 and Dax outperform gold marginally
– World stocks (MSCI World) up 10%; gold outperforms Eurostoxx (+6%) & FTSE (+2.3%)
– Silver up 3.7% in first half ; builds on 15% gain in 2016
– Stocks, bonds, property buoyed by stimulus
– Resilience in gold as world struggles to hold confidence
– ‘If one hasn’t diversified this would be a good time to do that’ – Shiller

This post was published at Gold Core on July 3, 2017.