Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Friday, 12 February 2016

Gold making a comeback

It's been something of a lacklustre run since 2012 (see link), but with financial uncertainty the US dollar price of gold (and that of silver) is making a comeback hitting a 7 month high, with another strong move of around +4.3 per cent overnight. 

Whether or not you like the stuff, the move in the spot price is positive news for Australian exports, with gold accounting for 7.6 per cent of the Reserve Bank's Commodity Price Index weights, making the shiny metal Australia's 5th most valuable export commodity. 

After a bit of a pause, finally we get some exciting domestic figures to look at this morning.

Stay tuned!