Barry Dawes
@DawesPoints
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Helping investors profit in the resources sector Many years experience commodity and equity research bdawes @mpsecurities .com.au #gold #copper #ASX #commodities
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Joined August 2013
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#Mining
#Commodities
prices over the next decade need to reflect:
1 3,300m in Asia improving living standards
2 High mine capacity utilisation rates in many resources
3 Low stocks of finished products
4 Inadequate inventory of undeveloped mining resources
Market sentiment says:
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Silver is now on the move.
Expect US$30 then US$33.
Short squeeze indeed on its way.
#silver
#silversqueeze
9
86
477
Gold stocks are about to embark on an historic run after >14 mths of consolidation.
In recent days gold stocks have held their gains despite gold price suppression.
Substantial upside seen in this Wave 3 move.
#gold
#silver
$XAU $GDX $GOLD $NEM $FNV
$HUI
#silversqueeze2
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Silver has traditionally had a much higher beta than gold so we can expect a greater price gain.
Silver was a 10 bagger from 2002 to 2011.
Will it be a 10 bagger from 2020?
Probably.
#gold
#silver
#silversqueeze
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After 20 weeks from the May high the US$ gold chart downtrend has been broken.
Once gold gets its running shoes on expect it to get to US$1900 then US$2080 quite quickly
This is a Grand Bull Market. Hold on!
#gold
#silversqueeze
$XAU $GDX $GOLD $NEM $FNV $NESFR $NCM $NST $EVN
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Gold has been in this box for over 48 months.
Expect to see some strong moves now.
It has been a long wait.
#gold
#silversqueeze
#silver
10
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Silver is about to embark on a soaring run.
Silver should become the Metal of the Decade.
Nice!
The Sprott ETF gives the truest view on silver.
#gold
#silver
#silversqueeze
7
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202
Silver should be the commodity of the decade.
Wide and growing range of high performance applications of this very special metal.
Lovely to look at and wonderful to hold.
We just might see something really special here.
#silver
#silversqueeze
$XAU
Be careful of who you join.
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Gold is emerging from 6 months suppressed market & a strong US$. The underlying tension for
#gold
is very strong - see its moves against other assets.
Important turning points created and trends broken in gold's favour.
Its coming. Its big
#Bonds
#oil
#commodities
#Bitcoin
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57
189
Silver has broken out and demand for physical has stripped warehouses bare.
The breakout has been followed by a classic backtest.
Expect some more upward action very soon.
#silvershortsqueeze
#silversqueze
Link to my CNBC interview on silver.
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Silver is just marking time and building up its own coiled spring.
Resilient.
Shouldn't be much longer.
Bears to lose control.
#gold
$GLD
#silver
#silvershortsqueeze
$SLV
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For those worried about gold stocks vs gold you might like to look at this.
Each time the GDX # stocks above 200daymav bottoms the average gain is 95% over 38 weeks.
A little patience is required.
2018 74wks +84%
2020 20wks +183%
2021 29wks +44%
2022 30wks +68%
#gold
$GDX
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Gold is moving well and finally gold stocks are responding.
Sentiment in gold stocks has been abysmal and general investors are underweight.
The XAU (my pref'd index) has broken higher, back tested and is now surging as RHS.
Much higher prices coming.
#gold
$XAU $GDX $GLD
7
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154
Gold has had a nice 4 month correction and is finding support around US$1450.
Seems to be picking up a 2000 uptrend(ish) line as well on this long term chart.
Should move higher from here soon. And it will be much higher.
#gold
5
30
106
Gold moved higher and should now accelerate next week.
The `bull hook' worked nicely on the 15 min chart and was followed by a pullback & backtest.
Another new weekly closing high after gold traded close to US$2195.
The short covering has yet to start so >US$2200 soon
#gold
3
15
107
Sentiment in gold stocks is rock bottom- indices made new 2021 lows recently - but gold didn't.
This was a drawn out `why am I here' capitulation not a sharp ` get me out of here' type.
14 mths decline & consolidation would have wrung out optimism.
Rally time now!
#gold
$XAU
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Excellent text book break outs by the PM Sector.
Break out, back test, then surge.
#gold
#silver
#silversqueeze
$GDX $XAU $GOLD $NEM
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/1
Gold is performing well and should exceed US$1900 soon.
Silver had its run a little earlier so is now underperforming.
But this should end soon.
Silver has a high beta so expect some fireworks soon.
#silver
#silversqueeze
#gold
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I think
#gold
has just about finished its gentle meandering and is about to get serious in making up for five years of underperformance. A market suppressed becomes a market unleashed with surprising strength to make up for lost opportunity. This is gold's week right now?
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This move in
#gold
exceeding US$1300 intraday will now set off a challenge of US$1360-70.
Should be some volatility around this level then a strong move should develop.
#Goldstocks
will have agreat run.
Always keep the long termin view.
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The gold sector is providing some classic technical patterns if you care to look closely.
The descending wedge is being developed on a number of time frames.
This is one of my favorites. (I own this stock)
$NESRF $NST 3gold $GOLD $NEM $GOLD $FNV
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Chart of the year!
From
@StocksFormula
.
Simply brilliant work here.
100 year ratio cycle in miners vs
#gold
.
Miners to outperform gold next ~50 yrs as gold standard readopted.
52 yrs correction into 2020 gave us this recent misery.
Upleg started 2020 projected to 2068.
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This medium term graphic shows the 2000-2011 upleg, the pullback and 5 yr base between US$1050 and $1370.
#Gold
should rally to $1370 and then consolidate before moving strongly higher.
I consider there is massive upside coming.
Gold rising in other major currencies.
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Gold is rising against US T-bonds. A 5% hedge on US$21tn Treasury Debt Portfolio in
#gold
would be >US$1tn and ~770moz or 24,000t or 7 years gold mine production.
Hedge Funds will be buying lots of gold &
#goldstocks
.
I don't think there is enough gold to go around. How high?
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#Gold
's strong move just sliced through that LT US$1360 & suggests that no real pull back is likely until much higher prices are achieved.
US$1480 seems the next likely step followed by US$1550 but the smash in April 2013 might create a gap to be filled at US$1600.
$GDX $XAU
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/1
Nice to see US$ gold exceed $1900
Is it overbought now?
I don't think so
Could see US$2000 this week.
It seems that the power in gold could drive it to that new all time high soon
The US$1875 resistance level is looking like a neck line.
#Gold
#silver
#silversqueeze
$GDX
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Silver is looking good.
There might be 185,000 tonnes of gold still available within vaults and as jewellery.
But silver is much tighter and most production is consumed and dissipated.
When I think of silver I think of palladium. The mouse that roared!
LT
#silver
how high?
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Gold has provided some encouraging technical indications that it is ready to rally again in all currencies.
The pullback of about US$100 to around US$1450 to pick up the 2016 uptrend and an earlier high is indeed helpful.
The wedge should be resolved quite quickly now.
#gold
2
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69
Delighted to see $LKE reach A$1.00 today.
On its way to A$1.50 then A$3.00 over time.
For MPS clients this has been a >30x gain from A$0.03 and has made a few more millionaires from the MPS factory.
Well done Steve and Stu at Lake.
#lithium
@benchmarkmin
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Gold has moved up through US$1450 - targets have been generated up to the previous high of US$1923.
A short squeeze could push gold much higher.
Where will the West find gold after so much has been sent to the East?
You have to love gold mining stocks!
#gold
$GDX, $GDXJ $XAU
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Gold is moving higher in almost all currencies.
#Goldstocks
are key beneficiaries.
GDX and GDXJ are breaking out higher.
Are you on board and ready?
#GHold
$Gold $GDX $GDXJ
#silver
3
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Gold stocks are anticipating a rise in gold. We are seeing these positive divergences in many markets.
Resolution of these compression wedges is to the upside for stocks.
#Gold
$GLD $XAU $HUI
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Something is brewing wth
#gold
and
#commodities
in the very near future.
These compression wedges are looking to be resolved very soon and to the upside.
1
#Goldstocks
wedging against gold
2 Goldstocks wedging against $SPX
Seems a big move is coming.
$XAU $GDX $GDXJ
#ASX
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Exciting 2.2% gain by
#ASX
#Australia
#gold
#mining
stocks today as the 2011 downtrend was broken.
This is the real lift off.
The ASX gold producers bottomed in June 2013, well before the rest of the world in late 2015.
These stocks are the true global leaders. $GDX $GXJ $XAU
1
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It isn't hard to be bullish on
#commodities
and
#gold
when 3500m people in Asia are wanting higher living standards.
The outlook is obvious.
We are here!
#copper
#ASX
$BHP $RIO
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Wonderful day for Resources on
#ASX
.
#gold
up,
#Ironore
up.
$BHP +2.55%
$RIO +4.51%
$FMG +7.41%
$NCM +3.57%
This just the start.
It is not just gold it is 1400m people in China, 1300m in India & 800m ASEAN.
So it will be a wide
#commodity
boom
@Dawespoints
GlobalBoomTM
2
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Gold moving higher against 30 year T bonds. Many years for this to run. Substantial gains to be made.
#Goldstocks
will do brilliantly.
#gold
#bonds
1
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59
The pullback in gold suggests a good buying entry point might just be at hand.
The performance of market leader Barrick ( $GOLD) is stronger than the metal itself.
Keep in mind the reason for
#gold
strength is more buyers than sellers. Who are the buyers? Who are the sellers?
3
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57
Gold is looking very constructive in this latest move.
Should see a significant increase in volatility and moves to the upside.
#gold
$XAU $GDX
#silversqueeze
1
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58
Gold is moving nicely towards that S$1360-70 resistance zone so might soon see a pullback.
But this bull market has strong underlying power and pullbacks might be only minor and short.
Stay the bullish course.
#Goldstocks
are just starting.
#gold
$XAU $HUI $GDX $GOLD $NEM $Kl
0
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51
Gold has having its pull back - to where I'm not sure but the uptrend support line coming in at about US$1450-60 might be a good place from where to expect bounce.
Gold stocks in Nth America vs gold are only just starting to rise so don't get too bearish.
#gold
$gold $GDX $XAU
2
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57
Pleased to see gold stocks in North America are now rising and outperforming gold.
This is a very significant move and indicates there is much more upside for gold stocks.
$XAU $GDX $GDXJ
#gold
0
11
51
Gold in US$ has jumped nicely overnight and after some possible consolidation should be moving to test $1300 and then ~$1370.
Gold in US$ broke its 2011 downtrend in 2017 and has bounced after retesting but gold in many other currencies is only now ready to 2011 DTs.
$XAU
#GDX
2
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52
Gold has had constructive breakout move today heralding a golden time for 2021.
Expect all precious metals to do well.
#gold
#silver
#Platinum
#Palladium
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52
Copper demand will continue to grow at around the long term 3%pa rate placing strong pressure on mine supply.
The current weakness should soon pass and copper resume its uptrend.
Copper boom coming.
#Copper
$BHP $RIO $FCX $IVN.TO
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50
The Van Eck ETF for mid cap gold stocks $GDXJ is leading gold & its bigger brother $GDX. ASX listed companies incl Kirkland Lake ($KLA, $KL) make up >27% of this ETF and are fueling this rise. Meet me at the Sprott Vancouver Conference next week to find out more
#goldmining
#ETFs
2
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50
My new view on
#gold
and strong global economy.
Gold has been bought by newly prosperous Indians and Chinese while Western banks sold it to them short.
Now newly prosperous USA is buying gold.
Unlucky for those banks.
Gold - the Prosperity Metal
@Dawespoints
Global BoomTM
3
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The medium term for
#gold
from the 2000 lows also shows an elegance & symmetry with a backtest of the 2011 DT & a move up to test long term resistance at US$1350-70.
The past six years has been trench warfare but if you have survived and held your core positions you'll be OK.
3
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$Silver LT set up is also running through compression that should be resolved soon. The setup looks similar to 2002-05. The power building up here seems very robust.
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47
This gold rally is still a stealth bull market. I see great power in the current technical set up.
Market sentiment is not strongly bullish but the demand/supply is.
#gold
$GDX $XAU $GDXJ $GOLD $NST $NCM
3
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1/7
Gold is moving up to test all time highs around US$2089 (basis futures).
The mover higher has been steady so far but should become very active once new highs are achieved.
A Wave 3 is in play and short covering should add zip.
A US$100 intraday move soon?
#gold
$XAU $GDX
4
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51
