A Big Fall Is Coming
Barry Dawes of Martin Place Securities shares his thoughts on the gold sector and one stock he is looking to buy back into.
Gold has not shown any strength here.
These are not bullish market actions.
Weakness is already showing with gold, down US$22 at the time of this article.
A big fall is coming.
Commitment of Trades in Gold
An interesting EW view from @ElephantCapita2
Wave 4 correction coming.
Would give 160 on XAU, then new highs coming.
Wait for re-entry to our best big gold stocks.
North American Gold Stocks
This is one for the history books.
100% ratings here!
Too much enthusiasm here:
Here likely to pull back to at least 10. Up 70$ in 2025, and up 120% in 18 months.
Look to buy back into Northern Star Resources Ltd. (NST:ASX) below AU$13 sometime in September or October.
ASX Gold Sector
ASX gold index is back to 10,000.
There are too many gaps in the ASX gold index.
Head the markets!
| Want to be the first to know about interestingGold investment ideas?Sign up to receive the FREE Streetwise Reports' newsletter. | Subscribe |
Important Disclosures:
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.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. 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.For additional disclosures, please click here.