Tag: Precious Metals

Gold above US$2800 again. US$3000 soon. Gold stocks vs Gold ready to turn higher in Nth America and ASX.

by Barry Dawes
  • Gold above US$2800 again
  • Likely to head to US$3,000 in March Qtr
  • Technical break outs by gold in many currencies
  • Gold stocks finally showing some life
  • ASX XGD ready to challenge 10,000
  • Gold stocks to outperform gold after 16 years downtrend
  • Gold breaking upward vs S&P500
  • Gold stocks ready to follow

KEY POINTS

GOLD

• Gold through US$2800
• Parabolic journey still intact
• US$3,000 soon
• Gold in other currencies making strong moves

GOLD STOCKS

• Leading stocks making new highs
• XAU ready to test 165 again
• Then much higher
• 16 year decline against gold coming to an end
• Breakout coming
• Breakout against stocks coming soon

ASX GOLD SECTOR

• A$4520/oz gold pushes earnings
• ASX XGD close to 10,000
• 16 year decline of XGD vs A$ gold now turning up
• Some excitement at last

It is wonderful to watch gold moving higher and on its way to US$3,000 and beyond.

But it hasn’t been too wonderful watching gold stocks only meandering along and falling as much as rising.

When will true market reality take over from this current fake reality?

Hopefully quite soon.

US$ gold is running nicely in this small scale parabola and should be accelerating soon.

US$ gold is heading higher with a longer term parabola and gold in other currencies is showing an even stronger set of technical.

Gold in A$ is showing that extra surge and we will soon be talking about A$5,000/oz.

This break out by the XAU is a very good sign and is likely to accelerate quite quickly.

Some of the major gold producers have been slow but market leader growth stocks are already making new highs.

New highs here in these growth stocks
And here

While we have been wondering about the lack of follow through for so many stocks here it seems that the market place is finally waking up elsewhere.

Gold is now moving higher against the S&P500 and it is not because of a market crash.

And very soon there will be a sharp move higher of gold stocks against general stocks.

This coming move could be quite violent.

Has already broken higher
The break is yet to come but it will be sharp

So gold stocks are now ready to break upwards against gold bullion.

This has been protracted but it is turning
The bigger picture is very strong

So in Australia we have the XGD Gold Index heading up to 10,000 again and ready to make a strong break.

In the time this has been heading higher from the lows in 2014 A$ gold has risen far more.

ASX Gold Index 2008 – 2025

So the net effect is a 16 year decline in ASX XGD Gold Index  vs A$gold.

ASX Gold Index vs A$ Gold 2005-2025

The turn is now underway.

Some excitement is coming!

Streetwise: Gold Hits New US High

by Barry Dawes

In a recent article from Streetwise Reports, Barry Dawes of Martin Place Securities discusses the current state of the gold and silver markets. He emphasizes that gold, referred to as the "Metal of Prosperity," is rising after decades of suppression. Dawes suggests that recent changes in U.S. economic policy are allowing commodity prices to reflect true supply and demand dynamics. He also notes that silver is following gold's upward movement, with mine production lower than a decade ago and demand growing in new uses.

Read more on Streetwise Reports

Gold breaks higher. Gold stocks up 3.5% and ready to move much higher. US$ breaks out

by Barry Dawes
  • Gold breaks higher
  • Gold stocks up 3.5%
  • Strong technical character for gold stocks
  • US$ breaking out as expected
  • Major currencies weaker

Key points

GOLD

• Breaks through pennant structure
• Trading above US$2700 again
• US$3000 in March Qtr

GOLD STOCKS

• XAU 3.5% higher
• Breaking out vs gold
• Breaking out vs general stocks

ASX GOLD INDEX

• Moving to test 10,000 again
• Runaway bull market after

US$

• Breaking out from flag pattern
• Major currencies weaker

GOLD

It seems that pennant in the US$ gold price has indeed eventuated and new highs are likely in 2024.

Gold is above US$2700 again and hopefully it will be above US$3000 in March Qtr 2025.

It is pleasing to see this happening with as strong US$.

Is it a warning about events in the Middle East or Ukraine?

The Russian ruble is making new lows against the US$ and the Euro, Pound and Swiss France are looking very weak.

Whatever the reason or outcome it is pleasing to see gold stocks are looking very good indeed.

That 145 level on the XAU held nicely as it bounced off that 2011 downtrend.

Gold stocks are now starting break out against general equities.

The move will be multi year and the gains are likely to be very great.

Gold is also breaking out against stocks.

Note too that the gold stocks vs gold ratios are making that RHS of a H&S reversal pattern so gold stocks should become supercharged.

The NST/DEG merger means portfolios are overweight NST (could this ever really be true!) so the time to move into the cheaper gold developers has arrived.

Ask me what to invest in!

Gold moving above US$2700.

This move is too strong to be a B wave so it must be another impulse move.

Gold has moved another US$23 since this chart from Tuesday’s close.

It could resume its position above the parabola.

Gold is about to make a major break against general equities.

Gold up or stocks down?

GOLD STOCKS

The Xau has held that 145 very well indeed in the short term.

The longer term is very positive.

Holding the 2011 downtrend has been very important.

A break out through 165 again – just <5% away – will launch a very big out of the box move.

The XAU was up 3.5% today!!

Gold stocks against gold is looking very positive now.

And a big move coming against general stocks.

It is all about earnings!

ASX GOLD INDEX

This is all about earnings here as well.

A break above 10,000 will see a runaway bull market here.

All those very cheap small caps!

US$

This index has broken out from the flag pattern.

Streetwise: What To Make Of Gold Stocks Now?

by Barry Dawes

In a recent article from Streetwise Reports, Barry Dawes of Martin Place Securities discusses the current state of gold stocks, noting that the 13-year downtrend has been broken and is now undergoing a backtest. He observes that while the market is in a significant bull phase, the direction of gold prices remains uncertain, with potential for a C wave decline. Dawes also highlights the varying performances of gold stocks across different markets, suggesting that inconsistent valuations indicate early stages of investor participation in this bull market.

Read more on Streetwise Reports

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