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A Global Boom in Gold Stocks
Contributed Opinion

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Barry Dawes Barry Dawes of Martin Place Securities takes a look at the current state of the market, specifically sharing his thoughts on gold.

I clearly haven't read the gold price well, and judging from your responses yesterday, it is clearly just 'the vibe' driving gold.

Parabolic thrust with very large 'gaps.'

Parabolas occur when sentiment is all one way and everyone knows this is 'a sure thing' and is willing to pay more to avoid missing out!

How much higher will this run?

Here is a 15-min chart:

Here is a 120-min chart:

Here it is.

Parabolic back test of the parabola breach.

Gold Stocks

There is nothing constructive here for the next leg up.

Major Gold Stocks

Still looking like goodbye kisses, saying farewell here.

Look at Newmont Corp. (NEM:NYSE; NGT:TSX; NEM:ASX).

Look at Barrick Mining Corp. (ABX:TSX; B:NYSE).

Look at Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE).

Look at Kinross Gold Corp. (K:TSX; KGC:NYSE).

ASX Gold Stocks

The ENTIRE WA GOLD INDUSTRY has pleaded with me to stay bearish on gold to ensure the gold goes higher.

Happy to oblige.

As everyone there knows, I have the Yilgarn in my blood and would do anything for the industry.

US Equities

THIS IS A BIG, BEAUTIFUL U.S. EQUITIES BULL MARKET

New highs are at the Big End of town and amongst the smaller stocks.

Gold vs. Equity Indices

Doesn't seem to be any breakout of gold vs. Dow 30 yet.

No switch in assets underway, it would seem.

Change is coming here.

Currencies

This is a big, beautiful US$ bull market.

T-Bonds

BIG BEAUTIFUL BOND RALLY

I hope people do understand how important this is.

Everything the gold bugs have been crying out about the genie being let out of the bottle since August 1971 is now being reversed.

Genie being put back in the bottle.

Gold is the metal of prosperity, not crisis.

Big fall in yields coming this week.

Long-term rates

Short term rates:

Heed those declining bond yields.


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Important Disclosures:

  1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Barrick Mining Corp. and Agnico Eagle Mines Ltd.
  2. Barry Dawes: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
  3. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found  below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 
  4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

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