Gold is building up to the next rally
This post formed the basis of an article which then appeared in the Australian Financial Review on 31 August 2016. Michael Gable is a regular expert contributor to the AFR. You can access the AFR version HERE. As we entered 2016, gold was trading at about US$1060 an ounce. It then embarked on a fantastic rally that saw it move above $1360 in the days after Brexit. Since then it has failed to go higher. The gold price has returned over …