Incrementum-2024年8月月度黄金指南针（英）

MonthlyGoldCompass August2024 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 GoldPerformanceinMajorCurrencies,2000–2024YTD 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 18.6% 21.0% 17.5% 23.5% 23.7% 20.7% 26.1% 23.8% 19.4% 21.6% CAGR 9.1% 8.8% 10.1% 9.1% 8.9% 8.5% 10.8% 6.5% 12.0% 9.3% Source:ReutersEikon(asof07/31/2024),IncrementumAG Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2000 9.17% 9.07% 9.31% 9.43% 9.48% 9.23% 9.47% 9.49% 9.59% 9.78% 9.72% 9.72% 2001 9.87% 9.89% 10.09% 10.02% 10.02% 9.97% 10.08% 9.98% 9.71% 9.97% 10.10% 10.06% 2002 10.04% 9.83% 9.78% 9.72% 9.48% 9.70% 9.92% 9.81% 9.67% 9.80% 9.82% 9.44% 2003 9.17% 9.47% 9.70% 9.70% 9.37% 9.68% 9.59% 9.34% 9.24% 9.30% 9.15% 8.97% 2004 9.17% 9.29% 8.94% 9.49% 9.42% 9.48% 9.56% 9.35% 9.28% 9.19% 8.95% 9.14% 2005 9.39% 9.26% 9.39% 9.35% 9.63% 9.43% 9.54% 9.52% 9.13% 9.22% 8.91% 8.68% 2006 8.17% 8.28% 8.10% 7.46% 7.60% 7.92% 7.75% 7.86% 8.18% 8.14% 7.78% 7.92% 2007 7.81% 7.69% 7.79% 7.69% 7.89% 8.04% 7.94% 7.89% 7.29% 6.90% 7.04% 6.68% 2008 6.04% 5.75% 6.17% 6.54% 6.45% 6.21% 6.32% 6.99% 6.71% 8.00% 7.23% 6.76% 2009 6.43% 6.34% 6.57% 6.85% 6.19% 6.62% 6.45% 6.51% 6.14% 5.91% 5.08% 5.63% 2010 5.76% 5.56% 5.62% 5.23% 5.03% 4.91% 5.31% 4.94% 4.60% 4.34% 4.23% 4.07% 2011 4.58% 4.16% 4.09% 3.42% 3.59% 3.79% 3.17% 2.29% 3.23% 2.82% 2.69% 3.60% 2012 2.75% 2.98% 3.13% 3.18% 3.75% 3.56% 3.51% 3.13% 2.75% 3.02% 3.08% 3.31% 2013 3.39% 3.88% 3.81% 4.56% 5.18% 6.33% 5.71% 5.24% 5.77% 5.84% 6.43% 6.87% 2014 6.61% 6.01% 6.39% 6.38% 6.77% 6.20% 6.62% 6.64% 7.37% 7.76% 7.89% 7.80% 2015 6.97% 7.67% 8.02% 8.09% 8.11% 8.36% 9.25% 8.92% 9.22% 9.01% 9.99% 10.12% 2016 9.56% 8.35% 8.50% 7.95% 8.86% 7.83% 7.63% 8.14% 8.15% 8.65% 9.96% 10.33% 2017 9.73% 9.39% 9.50% 9.38% 9.49% 9.94% 9.71% 9.20% 9.83% 10.06% 10.15% 9.92% 2018 9.52% 9.99% 10.05% 10.30% 10.68% 11.48% 12.07% 12.60% 12.93% 12.77% 12.84% 12.07% 2019 11.68% 11.99% 12.52% 12.87% 12.72% 11.28% 11.40% 10.00% 10.89% 10.46% 11.42% 10.79% 2020 9.87% 10.14% 10.56% 9.07% 8.56% 7.93% 5.39% 5.58% 6.88% 7.15% 8.91% 7.20% 2021 8.18% 10.35% 11.12% 10.23% 7.99% 10.78% 10.21% 10.51% 12.04% 11.83% 12.42% 11.55% 2022 12.71% 10.47% 10.15% 11.55% 13.59% 15.03% 16.98% 19.60% 22.46% 24.68% 20.40% 19.27% 2023 16.26% 21.51% 16.63% 16.79% 19.32% 23.14% 22.50% DXYGDXS&P500VIXCRBTRWTICopperBitcoin 15D-0.370.900.43-0.350.280.170.06-0.11 TradingDays 30D-0.460.840.320.010.380.280.35-0.15 60D-0.510.880.34-0.110.460.250.580.04 90D-0.400.840.26-0.050.370.210.520.01 120D-0.430.830.24-0.060.290.140.480.07 150D-0.420.820.24-0.080.270.130.450.05 180D-0.460.820.24-0.030.230.090.440.03 52WeekHigh-0.030.920.600.770.700.710.830.37 30Day Date11/13/20236/20/20248/11/202311/20/202311/9/202311/8/20236/26/20243/28/2024 52WeekLow -0.74 0.59 -0.45 -0.55 -0.17 -0.29 -0.05 -0.54 Date1/5/202411/27/202311/27/20238/3/20232/29/20249/27/20232/12/202412/8/2023 %Time(+)0%100%83%47%89%75%98%58% 90Day 52WeekHigh -0.31 0.84 0.42 0.29 0.48 0.40 0.56 0.17 52WeekLow -0.61 0.73 -0.07 -0.34 0.06 -0.08 0.19 -0.21 %Time(-)100%0%17%53%11%25%2%42%Date11/21/20234/12/202410/12/20232/12/202410/27/202311/9/20237/8/20244/19/2024 Date8/4/202312/12