Gold Market Chartbook - July 2025 NEW: along with the recently added Silver Charts section, there's now also charts on global gold mining stocks and other precious metals (Platinum + Palladium). Check it out! 🤓

Our gold market Valuation indicator is showing up as Expensive 🚨 --but what does that actually mean? 🧐 . In this note we explain the method behind this indicator + what goes into it + why even look at valuations:

RT @Callum_Thomas: The larger theme is arguably a transition from the Software age of the past couple decades to the Hardware age (next cou….

COMING SOON: GoldNuggets Digest!. This week a look at gold valuation indicator --including a detailed breakdown of inputs and principles behind our unique approach. Sign up:

RT @goldchartbook: First Gold soared. Then Silver roared. But Base Metals snored. Is it finally time for some rotation into industrial m….

RT @goldchartbook: 🚨 CONTRARIAN ALERT 🚨 . WARNING: you are probably going to hate this post. Biggest contrarian trade right now?. Short….

p.s. full explanation of gold valuation indicator and inputs coming next week in the GoldNuggets digest (need to post it as an article to address the various inputs and logic behind it) . [head to the website to subscribe to receive a copy].

🚨 CONTRARIAN ALERT 🚨 . WARNING: you are probably going to hate this post. Biggest contrarian trade right now?. Short gold, Long treasuries. Certainly that's where valuations are pointing: gold is showing up as expensive, and treasuries look cheap. But do you dare? 😵‍💫

This is highly unusual. Stocks & Gold have become positively correlated --usually they march to an entirely different beat. Bonds have been doing their own thing, but that's not much to brag about. More on Gold & Asset Allocation issues:

RT @goldchartbook: There's a good reason the black line looks so different from the blue or grey lines on this chart. Explained: https:/….

RT @TheDailyGold: 5) Implied Allocation to Gold Remains Very Low. Adjusting for the rising price of Gold, the nominal assets in Gold ETFs r….

RT @topdowncharts: Global inflationary pressures may be on the cusp of a major Resurgence. The rate-cut-rush of 2024/25 has taken moneta….

RT @Callum_Thomas: No one wants to admit this.

First Gold soared. Then Silver roared. But Base Metals snored. Is it finally time for some rotation into industrial metals?. Thoughts:

Two key observations here:.-both Stocks & Gold are Expensive .-the two have trace a similar path. This tells us they have both been riding similar waves of liquidity (and debasement). Read more on this issue:

There's a good reason the black line looks so different from the blue or grey lines on this chart. Explained:

RT @Callum_Thomas: ICYMI: Weekly S&P500 ChartStorm blog post Thanks + follow reco to chart sources.@topdowncharts….

RT @goldchartbook: Investor allocations to #Gold ETFs remain historically low, despite the Gold Price hovering around all-time highs. Ther….

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Investor allocations to #Gold ETFs remain historically low, despite the Gold Price hovering around all-time highs. There's just not the same enthusiasm for Gold funds as there is for crypto and tech stocks. Investors are also opting for physical gold, and central banks are