2024年10月月度黄金指南针

MonthlyGoldCompass October2024 Ronald-PeterStöferle MarkJ.Valek InOurPartnersWeTrust AbluesquarewithwhitetextDescriptionautomaticallygenerated ForInformationonOurPremiumPartners:ClickHere!2 TableofContents: 1.Gold 2.Silver 3.Miner 4.Macro 5.LongTermCharts6.ProprietaryModels 3 1.Gold “Iviewgoldastheprimaryglobalcurrency.Itistheonlycurrency,alongwithsilver,thatdoesnotrequirea counterpartysignature.” AlanGreenspan 4 Year USD EUR GBP AUD CAD CNY JPY CHF INR Average 2000 -5.3% 1.2% 2.0% 11.3% -1.9% -5.4% 5.8% -4.2% 1.4% 0.6% 2001 2.4% 8.3% 5.3% 11.4% 8.8% 2.4% 18.0% 5.5% 5.8% 7.6% 2002 24.4% 5.6% 12.2% 13.3% 22.9% 24.4% 12.2% 3.5% 23.7% 15.8% 2003 19.6% -0.2% 8.0% -10.7% -1.3% 19.6% 8.1% 7.4% 13.9% 7.2% 2004 5.6% -1.9% -1.7% 1.5% -2.0% 5.6% 0.8% -3.1% 0.1% 0.5% 2005 18.1% 35.1% 31.6% 25.9% 14.1% 15.1% 35.9% 36.3% 22.8% 26.1% 2006 23.0% 10.4% 8.1% 14.3% 23.3% 19.0% 24.2% 14.1% 20.7% 17.5% 2007 30.9% 18.5% 29.2% 18.0% 12.0% 22.5% 22.5% 21.8% 16.9% 21.4% 2008 5.4% 10.0% 43.1% 30.5% 28.7% -1.5% -14.2% -0.8% 30.0% 14.6% 2009 24.8% 21.8% 12.9% -1.6% 7.9% 24.8% 27.9% 21.1% 19.2% 17.6% 2010 29.5% 38.6% 34.2% 13.6% 22.8% 25.1% 13.2% 16.8% 24.8% 24.3% 2011 10.2% 13.9% 10.6% 10.3% 12.7% 5.2% 4.5% 10.7% 30.7% 12.1% 2012 7.1% 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% 2016 8.5% 12.1% 29.6% 9.6% 5.3% 16.1% 5.4% 10.3% 11.4% 12.0% 2017 13.1% -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% 2019 18.3% 21.0% 13.7% 18.8% 12.6% 19.7% 17.2% 16.6% 21.3% 17.7% 2020 25.0% 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% 2023 13.1% 9.7% 7.4% 13.1% 10.5% 16.3% 21.6% 2.9% 13.7% 12.0% 2024YTD 27.7% 26.6% 21.5% 25.9% 30.4% 26.3% 30.0% 28.3% 28.6% 27.3% CAGR 9.4% 8.9% 10.2% 9.1% 9.1% 8.6% 10.9% 6.6% 12.3% 9.5% Source:ReutersEikon(asof09/30/2024),IncrementumAG AnnualizedPerformanceofGold,inUSD,ifBoughtontheLastDayoftheMonthandHelduntil09/30/2024(HoldingPeriod≥1Year) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2000 9.47% 9.36% 9.60% 9.73% 9.78% 9.53% 9.77% 9.80% 9.89% 10.08% 10.03% 10.03% 2001 10.18% 10.19% 10.40% 10.33% 10.33% 10.28% 10.39% 10.30% 10.03% 10.29% 10.42% 10.38% 2002 10.36% 10.15% 10.10% 10.05% 9.80% 10.03% 10.24% 10.13% 10.00% 10.14% 10.16% 9.77% 2003 9.51% 9.81% 10.04% 10.04% 9.71% 10.02% 9.94% 9.68% 9.59% 9.64% 9.50% 9.32% 2004 9.52% 9.64% 9.29% 9.85% 9.78% 9.84% 9.92% 9.71% 9.64% 9.55% 9.31% 9.51% 2005 9.76% 9.63% 9.77% 9.73% 10.00% 9.81% 9.92% 9.90% 9.51% 9.60% 9.30% 9.07% 2006 8.56% 8.68% 8.49% 7.86% 7.99% 8.32% 8.15% 8.27% 8.59% 8.55% 8.18% 8.33% 2007 8.22% 8.10% 8.20% 8.10% 8.31% 8.46% 8.37% 8.32% 7.72% 7.33% 7.48% 7.11% 2008 6.48% 6.20% 6.62% 6.98% 6.90% 6.66% 6.78% 7.45% 7.17% 8.46% 7.69% 7.22% 2009 6.90% 6.81% 7.04% 7.33% 6.67% 7.10% 6.93% 7.00% 6.62% 6.40% 5.57% 6.13% 2010 6.26% 6.07% 6.12% 5.74% 5.54% 5.42% 5.83% 5.46% 5.13% 4.87% 4.76% 4.60% 2011 5.12% 4.70% 4.63% 3.97% 4.14% 4.34% 3.73% 2.85% 3.80% 3.39% 3.26% 4.18% 2012 3.33% 3.57% 3.72% 3.77% 4.35% 4.16% 4.11% 3.74% 3.37% 3.64% 3.70% 3.93% 2013 4.02% 4.51% 4.45% 5.20% 5.83% 6.98% 6.37% 5.90% 6.43% 6.51% 7.11% 7.55% 2014 7.29% 6.70% 7.09% 7.09% 7.48% 6.92% 7.34% 7.36% 8.10% 8.49% 8.63% 8.55% 2015 7.73% 8.43% 8.79% 8.87% 8.89% 9.15% 10.05% 9.72% 10.03% 9.83% 10.81% 10.95% 2016 10.40% 9.20% 9.35% 8.82% 9.74% 8.72% 8.53% 9.04% 9.07% 9.58% 10.89% 11.27% 2017 10.68% 10.35% 10.47% 10.37% 10.48% 10.94% 10.73% 10.23% 10.87% 11.11% 11.21% 11.00% 2018 10.61% 11.10% 11.17% 11.44% 11.83% 12.64% 13.25% 13.79% 14.14% 13.99% 14.08% 13.33% 2019 12.96% 13.29% 13.83% 14.20% 14.07% 12.66% 12.81% 11.43% 12.35% 11.94% 12.93% 12.32% 2020 11.43% 11.73% 12.17% 10.72% 10.25% 9.65% 7.16% 7.38% 8.72% 9.03% 10.82% 9.16% 2021 10.18% 12.39% 13.20% 12.37% 10.19% 13.02% 12.51% 12.88% 14.46% 14.33% 14.98% 14.20% 2022 15.44% 13.30% 13.09% 14.57% 16.71% 18.25% 20.30% 23.03% 25.99% 28.34% 24.29% 23.36% 2023 20.61% 26.00% 21.47% 21.92% 24.72% 28.82% 28.62% 32.66% 42.54% CorrelationTableforGold,09/30/2024 DXYGDXS&P500VIXCRBTRWTICopperBitcoin 15D-0.400.910.34-0.370.220.130.450.27 TradingDays 30D-0.470.860.42-0.440.500.310.590.39 60D-0.290.820.41-0.310.350.260.360.29 90D-0.380.850.34-0.200.400.270.570.20 120D-0.370.830.31-0.170.340.210.530.17 150D-0.370.830.29-0.140.330.210.490.19 180D-0.380.820.29-0.160.290.170.460.15 52WeekHigh-0.030.920.540.770.700.710.830.51 30Day Date11/13/20236/20/20241/26/202411/20/202311/9/202311/8/20236/26/20249/13/2024 52WeekLow -0.74 0.59 -0.45-0.49 -0.17-0.21 -0.05 -0.54 Date1/5/202411/27/202311/27/20232/13/20242/29/20242/29/20242/12/202412/8/2023 %Time(+)0%100%83%48%90%80%98%57% 90Day 52WeekHigh -0.31 0.86 0.42 0.29 0.48 0.40 0.59 0.22 52WeekLow -0.59 0.73 0.00 -