Chart Of The Day thread

[Bumble]

The Barrons Gold Mining Index plotted against the price of gold. Even with the recent rise in the stock price of gold miners, the ratio is still near all-time lows. In 2019, the passive index-tracking funds GDX and GDXJ rose 39%, but that is just a small upward blip at the end of the chart. There should be plenty of happy times ahead for gold mining investors.

[vand]

Stocks could beat even the most optimistic forecasts in the next decade:

 

https://ofdollarsanddata.com/the-investors-fallacy/

[5huggy]

Follow the TREND!!!   😉

[vand]

COTD is price of gold divided by the price of the Vanguard world index total return fund, which is, imo, a much fairer valuation of gold than the more widely used dow/gold ratio. 

Gold has just about been holding its own against a raging stock market over the last couple of years. Are we about to head back up?

On this measure gold is about the same valuation relative to stocks as it was during 2003-2005.

Edited February 21, 2020 by vand

[Bumble]

Some interesting tweets from Ed Conway. In Nov/Dec 2019, the UK exported about 300 tonnes of gold and it created a monthly trade surplus. It may have been nothing more than a US bank switching some gold holdings from unallocated to allocated status, but it is still pretty odd. Trading Economics attributes it to exports to the US and Turkey.

[Bumble]

[Bumble]

[vand]

This is a good'un:

https://www.marketwatch.com/story/jobless-claims-set-to-soar-by-the-millions-as-layoffs-surge-due-to-coronavirus-shutdowns-2020-03-25?mod=bnbh

 

[Abyss]

DOW to Gold Ratio Monthly Chart. Do think we can get back to ratio of 6? Charts available from https://www.tradingview.com YM1/GOLD

[Bumble]

[vand]

I love this chart from Ramin's latest Pensioncraft's video.

It shows very clearly the correlation between equity pricing and inflation, and why virtually everyone shoots for 2% inflation target.

 

[Bumble]

[Bumble]

[Derv]

Not looking great

[Bumble]

[vand]

Love this infographic I just ran into comparing asset breakdown by tier:

 

https://medium.com/@jeffwiener/are-you-really-cut-out-to-be-rich-1f2afadd76d8

[KDave]

Life insurance as calculated in net worth appears a bit small for the low tier, I know many people who are worth more dead than alive, myself included. 

[Martysmith]

1 minute ago, KDave said:

Life insurance as calculated in net worth appears a bit small for the low tier, I know many people who are worth more dead than alive, myself included. 

Same, between my life insurance and death in service 8x salary through work, if I were to die my family would do very well. 

[vand]

The poorest tier have more of their wealth tied up in their cars than they do in the pensions 😕

[Bullionaire]

2 minutes ago, vand said:

The poorest tier have more of their wealth tied up in their cars than they do in the pensions 😕

I guess a lot of that could be younger people who need a car for work and have only just started paying into a pension?!

Although people do tend to overspend on cars.

 

[KDave]

1 minute ago, vand said:

The poorest tier have more of their wealth tied up in their cars than they do in the pensions 😕

Its probably worse than that given the size of the financial industry attached to cars. Most own a part of a car and have debt on the rest, which is worth more than their pensions. 

[Bumble]

Chart of commodity price changes over past 10 years.

[Pipers]

Thanks for the chart Bumble. 

But platinum has gone down in price

[Bumble]

In 2020 yes, but platinum did go up 21% in 2019. If things continue as they are now, the column for 2020 is going to be crazy. Gold might be the only commodity on the upside.

[ZigZag]

Scary and also somewhat unconvinced by the 2021 forecast, expect a revision somewhere down the line, along the lines of we didn’t expect x,y,z.