Incrementum-2024年8月月度黄金指南针（英）-81正式版.doc

MonthlyGoldCompass

August2024

Ronald-PeterSt?ferle

MarkJ.Valek

InOurPartnersWeTrust

ForInformationonOurPremiumPartners:ClickHere!

2

TableofContents:

1.Gold

2.Silver

3.Miner

4.Macro

5.LongTermCharts

6.ProprietaryModels

3

1.Gold

“Iviewgoldastheprimaryglobalcurrency.Itistheonly

currency,alongwithsilver,thatdoesnotrequirea

counterpartysignature.”

AlanGreenspan

4

GoldPerformanceinMajorCurrencies,2000–2024YTD

YearUSDEURGBPAUDCADCNYJPYCHFINRAverage

2000-5.3%1.2%2.0%11.3%-1.9%-5.4%5.8%-4.2%1.4%0.6%

20012.4%8.3%5.3%11.4%8.8%2.4%18.0%5.5%5.8%7.6%

200224.4%5.6%12.2%13.3%22.9%24.4%12.2%3.5%23.7%15.8%

200319.6%-0.2%8.0%-10.7%-1.3%19.6%8.1%7.4%13.9%7.2%

20045.6%-1.9%-1.7%1.5%-2.0%5.6%0.8%-3.1%0.1%0.5%

200518.1%35.1%31.6%25.9%14.1%15.1%35.9%36.3%22.8%26.1%

200623.0%10.4%8.1%14.3%23.3%19.0%24.2%14.1%20.7%17.5%

200730.9%18.5%29.2%18.0%12.0%22.5%22.5%21.8%16.9%21.4%

20085.4%10.0%43.1%30.5%28.7%-1.5%-14.2%-0.8%30.0%14.6%

200924.8%21.8%12.9%-1.6%7.9%24.8%27.9%21.1%19.2%17.6%

201029.5%38.6%34.2%13.6%22.8%25.1%13.2%16.8%24.8%24.3%

201110.2%13.9%10.6%10.3%12.7%5.2%4.5%10.7%30.7%12.1%

20127.1%5.0%2.5%5.3%4.2%6.0%20.7%4.5%11.1%7.4%

2013-28.0%-30.9%-29.4%-16.1%-23.0%-30.1%-12.6%-29.8%-19.1%-24.3%

2014-1.8%11.6%4.4%7.3%7.5%0.7%11.6%9.4%0.2%5.6%

2015-10.4%-0.1%-5.3%0.6%6.8%-6.2%-9.9%-9.7%-5.9%-4.5%

20168.5%12.1%29.6%9.6%5.3%16.1%5.4%10.3%11.4%12.0%

201713.1%-0.9%3.3%4.6%5.9%6.0%9.0%8.3%6.3%6.2%

2018-1.5%3.0%4.3%8.9%6.8%4.1%-4.2%-0.8%7.3%3.1%

201918.3%21.0%13.7%18.8%12.6%19.7%17.2%16.6%21.3%17.7%

202025.0%14.8%21.3%14.1%22.6%17.2%18.8%14.3%28.0%19.6%

2021-3.6%3.6%-2.6%2.2%-4.3%-6.1%7.5%-0.6%-1.7%-0.6%

2022-0.2%6.0%11.6%6.3%7.0%8.3%13.7%1.1%10.8%7.2%

202313.1%9.7%7.4%13.1%10.5%16.3%