DawesPoints's profile picture. Helping investors profit in the resources sector 
Many years experience commodity and equity research bdawes@mpsecurities.com.au #gold #copper #ASX #commodities

Barry Dawes

@DawesPoints

Helping investors profit in the resources sector Many years experience commodity and equity research [email protected] #gold #copper #ASX #commodities

Pinned

#Mining #Commodities Updating this six years later @DawesPoints Global Boom on track Commodity prices over the next decade need to reflect: 1 3,400m in Asia improving living standards 2 High mine capacity utilisation rates in many resources 3 Low stocks of…

DawesPoints's tweet image. #Mining #Commodities 
Updating this six years later

@DawesPoints Global Boom on track

Commodity prices over the next decade need to reflect:  

1   3,400m in Asia improving living standards 

2   High mine capacity utilisation rates in many resources 

3   Low stocks of…

The biggest gains are made buying low to sell high. Nickel is hated as much as T Bonds so here's low risk play. Look at Ni vs Au! WMG.AX has 5.3mt cont Nickel @ 0.27%Ni that can only get bigger & with 🔼🔼higher grades. Just US$20m mkt cap. Inground value…

DawesPoints's tweet image. The biggest gains are made buying low to sell high.

Nickel is hated as much as T Bonds so here's low risk play.  Look at Ni vs Au!

WMG.AX has 5.3mt cont Nickel @ 0.27%Ni that can only get bigger & with 🔼🔼higher grades.

Just US$20m mkt cap. Inground value…
DawesPoints's tweet image. The biggest gains are made buying low to sell high.

Nickel is hated as much as T Bonds so here's low risk play.  Look at Ni vs Au!

WMG.AX has 5.3mt cont Nickel @ 0.27%Ni that can only get bigger & with 🔼🔼higher grades.

Just US$20m mkt cap. Inground value…
DawesPoints's tweet image. The biggest gains are made buying low to sell high.

Nickel is hated as much as T Bonds so here's low risk play.  Look at Ni vs Au!

WMG.AX has 5.3mt cont Nickel @ 0.27%Ni that can only get bigger & with 🔼🔼higher grades.

Just US$20m mkt cap. Inground value…

A big question. The US$ is clearly in a major bull market. The major currencies look very weak long term. US T yields are falling across the maturities. So is #gold worth $27tn mkt val? Can the $9tn 2025 gain hold (biggest yearly gain ever, in anything), let alone rise?…

DawesPoints's tweet image. A big question.

The US$ is clearly in a major bull market.

The major currencies look very weak long term.

US T yields are falling across the maturities.

So is #gold worth $27tn mkt val?

Can the $9tn 2025 gain hold (biggest yearly gain ever, in anything), let alone rise?…
DawesPoints's tweet image. A big question.

The US$ is clearly in a major bull market.

The major currencies look very weak long term.

US T yields are falling across the maturities.

So is #gold worth $27tn mkt val?

Can the $9tn 2025 gain hold (biggest yearly gain ever, in anything), let alone rise?…
DawesPoints's tweet image. A big question.

The US$ is clearly in a major bull market.

The major currencies look very weak long term.

US T yields are falling across the maturities.

So is #gold worth $27tn mkt val?

Can the $9tn 2025 gain hold (biggest yearly gain ever, in anything), let alone rise?…
DawesPoints's tweet image. A big question.

The US$ is clearly in a major bull market.

The major currencies look very weak long term.

US T yields are falling across the maturities.

So is #gold worth $27tn mkt val?

Can the $9tn 2025 gain hold (biggest yearly gain ever, in anything), let alone rise?…

Fascinating that the 6.9bnoz of global #gold at $4400 was worth $30.4tn and up ~$12tn in 2025. Was this the biggest market value gain ever? Today its $27.6tn at $4000. Big overhang to profit from the short side? How much buying is needed to push it to $5000 and $34.5tn?

DawesPoints's tweet image. Fascinating that the 6.9bnoz of global #gold at $4400  was worth $30.4tn and up ~$12tn in 2025.

Was this the biggest market value gain ever?

Today its $27.6tn at $4000.

Big overhang to profit from the short side?

How much buying is needed to push it to $5000 and $34.5tn?

Budget Repair in the US brought a $198bn surplus in Sept and reduced FY25 by $200bn. TBill rates are plummeting so Int Exp peaking and CPI heading lower. TBond yields dropping and prices breaking higher. Uncrowded trade. US$ strong. Major LT peak in #gold.

DawesPoints's tweet image. Budget Repair in the US brought a $198bn surplus in Sept and reduced FY25 by $200bn.

TBill rates are plummeting so Int Exp peaking and CPI heading lower.

TBond yields dropping and prices breaking higher.

Uncrowded trade.

US$ strong.

Major LT peak in #gold.
DawesPoints's tweet image. Budget Repair in the US brought a $198bn surplus in Sept and reduced FY25 by $200bn.

TBill rates are plummeting so Int Exp peaking and CPI heading lower.

TBond yields dropping and prices breaking higher.

Uncrowded trade.

US$ strong.

Major LT peak in #gold.
DawesPoints's tweet image. Budget Repair in the US brought a $198bn surplus in Sept and reduced FY25 by $200bn.

TBill rates are plummeting so Int Exp peaking and CPI heading lower.

TBond yields dropping and prices breaking higher.

Uncrowded trade.

US$ strong.

Major LT peak in #gold.
DawesPoints's tweet image. Budget Repair in the US brought a $198bn surplus in Sept and reduced FY25 by $200bn.

TBill rates are plummeting so Int Exp peaking and CPI heading lower.

TBond yields dropping and prices breaking higher.

Uncrowded trade.

US$ strong.

Major LT peak in #gold.

Parabolas show increasing & peaking r of c of prices. The final stages soak up all the available buying power and emotional energy. Consensus market direction creates a bubble. Unwinding is not pleasant. All #gold's parabolas have ended in tears. No different this time.

DawesPoints's tweet image. Parabolas show increasing & peaking r of c of prices.

The final stages soak up all the available buying power and emotional energy.

Consensus market direction creates a bubble.

Unwinding is not pleasant.

All #gold's parabolas have ended in tears.
 
No different this time.

The breakouts of these major resources companies bodes well for the coming global resources boom. Growing sales volumes, good product prices and excellent balance sheets driving dividend high yields. Their performances vs $NEM strongly suggesting #gold has peaked. $RIO $BHP

DawesPoints's tweet image. The breakouts of these major resources companies bodes well for the coming global resources boom.

Growing sales volumes, good product prices and excellent balance sheets driving dividend high yields.

Their performances vs $NEM strongly suggesting #gold has peaked.
$RIO $BHP
DawesPoints's tweet image. The breakouts of these major resources companies bodes well for the coming global resources boom.

Growing sales volumes, good product prices and excellent balance sheets driving dividend high yields.

Their performances vs $NEM strongly suggesting #gold has peaked.
$RIO $BHP
DawesPoints's tweet image. The breakouts of these major resources companies bodes well for the coming global resources boom.

Growing sales volumes, good product prices and excellent balance sheets driving dividend high yields.

Their performances vs $NEM strongly suggesting #gold has peaked.
$RIO $BHP
DawesPoints's tweet image. The breakouts of these major resources companies bodes well for the coming global resources boom.

Growing sales volumes, good product prices and excellent balance sheets driving dividend high yields.

Their performances vs $NEM strongly suggesting #gold has peaked.
$RIO $BHP

High gold prices have provided strong revenues and earnings to gold producers. Sadly share price performances are indicating the market is not expecting high gold prices for much longer. It seems goodbye kisses all round. #Gold heading lower. $NEM $GDX $AEM $XAU $B $KGC

DawesPoints's tweet image. High gold prices have provided strong revenues and earnings to gold producers.

Sadly share price performances are indicating the market is not expecting high gold prices for much longer.

It seems goodbye kisses all round.

#Gold heading lower.

$NEM $GDX $AEM $XAU $B  $KGC
DawesPoints's tweet image. High gold prices have provided strong revenues and earnings to gold producers.

Sadly share price performances are indicating the market is not expecting high gold prices for much longer.

It seems goodbye kisses all round.

#Gold heading lower.

$NEM $GDX $AEM $XAU $B  $KGC
DawesPoints's tweet image. High gold prices have provided strong revenues and earnings to gold producers.

Sadly share price performances are indicating the market is not expecting high gold prices for much longer.

It seems goodbye kisses all round.

#Gold heading lower.

$NEM $GDX $AEM $XAU $B  $KGC
DawesPoints's tweet image. High gold prices have provided strong revenues and earnings to gold producers.

Sadly share price performances are indicating the market is not expecting high gold prices for much longer.

It seems goodbye kisses all round.

#Gold heading lower.

$NEM $GDX $AEM $XAU $B  $KGC

US$ de-dollarizing not working very well at all. These major currencies are now in free fall & will be much lower in 2026. US Doctrine of Budget Repair, reduced Outlays, rising Receipts, tax cuts & falling Tbond yields is clearly driving capital inflows. Gold to follow…

DawesPoints's tweet image. US$ de-dollarizing not working very well at all.

These major currencies are now in free fall & will be much lower in 2026. 

US Doctrine of Budget Repair, reduced Outlays, rising Receipts, tax cuts & falling Tbond yields is clearly driving capital inflows.  

Gold to follow…
DawesPoints's tweet image. US$ de-dollarizing not working very well at all.

These major currencies are now in free fall & will be much lower in 2026. 

US Doctrine of Budget Repair, reduced Outlays, rising Receipts, tax cuts & falling Tbond yields is clearly driving capital inflows.  

Gold to follow…
DawesPoints's tweet image. US$ de-dollarizing not working very well at all.

These major currencies are now in free fall & will be much lower in 2026. 

US Doctrine of Budget Repair, reduced Outlays, rising Receipts, tax cuts & falling Tbond yields is clearly driving capital inflows.  

Gold to follow…
DawesPoints's tweet image. US$ de-dollarizing not working very well at all.

These major currencies are now in free fall & will be much lower in 2026. 

US Doctrine of Budget Repair, reduced Outlays, rising Receipts, tax cuts & falling Tbond yields is clearly driving capital inflows.  

Gold to follow…

Gold now retreating from a major LT high. De dollarisation is factually incorrect. US$ in LT bull Budget repair underway. Inflation declining Big Beautiful Bond Bull market.

DawesPoints's tweet image. Gold now retreating from a major LT high.

De dollarisation is factually incorrect. 

US$ in LT bull 

Budget repair underway. 

Inflation declining 

Big Beautiful Bond Bull market.
DawesPoints's tweet image. Gold now retreating from a major LT high.

De dollarisation is factually incorrect. 

US$ in LT bull 

Budget repair underway. 

Inflation declining 

Big Beautiful Bond Bull market.

Gold has ~$28tn market value and is up ~$12tn in 2025. A big & very profitable overhang. Everyone has his own set of technicals for #gold. These are mine. No support before $3500. Some at $3300 Some at $2900 Best at $2500. I am not in any competition. These are my…

DawesPoints's tweet image. Gold has ~$28tn market value and is up ~$12tn in 2025.

A big & very profitable overhang.
 
Everyone has his own set of technicals for #gold.

These are mine.

No support before $3500.

Some at $3300

Some at $2900

Best at $2500.

I am not in any competition.

These are my…

$NEM has Q3 strong earnings reported yesterday. Ave realised $gold was US$3,539/oz $1.71 EPS x 4 = $6.84 annualised EPS = 13x EPS. Is this cheap? Or will the market not really care? $GDX

DawesPoints's tweet image. $NEM has Q3 strong earnings reported yesterday.

Ave realised $gold was US$3,539/oz

$1.71 EPS x 4 = $6.84 annualised EPS = 13x EPS.

Is this cheap?

Or will the market not really care?

$GDX
DawesPoints's tweet image. $NEM has Q3 strong earnings reported yesterday.

Ave realised $gold was US$3,539/oz

$1.71 EPS x 4 = $6.84 annualised EPS = 13x EPS.

Is this cheap?

Or will the market not really care?

$GDX

Nth American Gold Stocks formed an `island reversal' pattern after gapping higher. Gold is now US$68 lower than the 23 Oct close. Will these two gap lower on the opening? Where might they be by end of the day? Will the CPI be much lower? #gold $NEM $GDX

DawesPoints's tweet image. Nth American Gold Stocks formed an `island reversal' pattern after gapping higher.  

Gold is now US$68 lower than the 23 Oct close. 

Will these two gap lower on the opening?

Where might they be by end of the day?

Will the CPI be much lower?

#gold $NEM $GDX
DawesPoints's tweet image. Nth American Gold Stocks formed an `island reversal' pattern after gapping higher.  

Gold is now US$68 lower than the 23 Oct close. 

Will these two gap lower on the opening?

Where might they be by end of the day?

Will the CPI be much lower?

#gold $NEM $GDX

Being a US T Bond Bull based on Budget Repair and falling Deficit/GDP ratio together with falling CPI/PPI & overall bond yields this graphic is no longer preposterous. Those wonderful parabolas are leading the way here as well. ST is looking good! Conflicts with most Gold Bull…

DawesPoints's tweet image. Being a US T Bond Bull based on Budget Repair and falling Deficit/GDP ratio together with falling CPI/PPI & overall bond yields this graphic is no longer preposterous.

Those wonderful parabolas are leading the way here as well.

ST is looking good!

Conflicts with most Gold Bull…
DawesPoints's tweet image. Being a US T Bond Bull based on Budget Repair and falling Deficit/GDP ratio together with falling CPI/PPI & overall bond yields this graphic is no longer preposterous.

Those wonderful parabolas are leading the way here as well.

ST is looking good!

Conflicts with most Gold Bull…

Parabolic rises are wonderful watch & to estimate when they will exhaust their energy. The rapid rate of change reflects universal agreement on market direction. In effect, they tell you when everyone has bought and no further buying remains. Breaching, then backtesting the…

DawesPoints's tweet image. Parabolic rises are wonderful watch & to estimate when they will exhaust their energy.

The rapid rate of change reflects universal agreement on market direction.

In effect, they tell you when everyone has bought and no further buying remains. 

Breaching, then backtesting the…
DawesPoints's tweet image. Parabolic rises are wonderful watch & to estimate when they will exhaust their energy.

The rapid rate of change reflects universal agreement on market direction.

In effect, they tell you when everyone has bought and no further buying remains. 

Breaching, then backtesting the…

Parabolas doing what parabolas do. Hyperbolic rate of change brings exhaustion. US$27tn overhanging the market. Golden Fleece sting underway. #gold. $NEM $GDX

DawesPoints's tweet image. Parabolas doing what parabolas do. 

Hyperbolic rate of change brings exhaustion.

US$27tn overhanging the market.

Golden Fleece sting underway.

#gold. $NEM $GDX
DawesPoints's tweet image. Parabolas doing what parabolas do. 

Hyperbolic rate of change brings exhaustion.

US$27tn overhanging the market.

Golden Fleece sting underway.

#gold. $NEM $GDX
DawesPoints's tweet image. Parabolas doing what parabolas do. 

Hyperbolic rate of change brings exhaustion.

US$27tn overhanging the market.

Golden Fleece sting underway.

#gold. $NEM $GDX

Barry Dawes reposted

I fear it is all over. Irrational exuberance. US$ collapsing. It isn't. Bonds collapsing. They aren't. Inflation surging. it isn't. War. Not likely inflation. No Parabolas tell us a lot. Maximum rate of change leads to exhaustion. 220kt overhang. $27tn overhang. #gold

DawesPoints's tweet image. I fear it is all over.

Irrational exuberance.

US$ collapsing.  It isn't.

Bonds collapsing.  They aren't.

Inflation surging.  it isn't.

War. Not likely
inflation. No
Parabolas tell us a lot.

Maximum rate of change leads to exhaustion.
220kt overhang.
$27tn overhang.
#gold…
DawesPoints's tweet image. I fear it is all over.

Irrational exuberance.

US$ collapsing.  It isn't.

Bonds collapsing.  They aren't.

Inflation surging.  it isn't.

War. Not likely
inflation. No
Parabolas tell us a lot.

Maximum rate of change leads to exhaustion.
220kt overhang.
$27tn overhang.
#gold…
DawesPoints's tweet image. I fear it is all over.

Irrational exuberance.

US$ collapsing.  It isn't.

Bonds collapsing.  They aren't.

Inflation surging.  it isn't.

War. Not likely
inflation. No
Parabolas tell us a lot.

Maximum rate of change leads to exhaustion.
220kt overhang.
$27tn overhang.
#gold…
DawesPoints's tweet image. I fear it is all over.

Irrational exuberance.

US$ collapsing.  It isn't.

Bonds collapsing.  They aren't.

Inflation surging.  it isn't.

War. Not likely
inflation. No
Parabolas tell us a lot.

Maximum rate of change leads to exhaustion.
220kt overhang.
$27tn overhang.
#gold…

Barry Dawes reposted

How amazing. The shiny rock sure produces gold fever. Gold blindness. Gold deafness. Gold brain short circuits. Cognitive dissonance against all your faculties of observation. Not US$, bonds, inflation, war. Just the `vibe'. Parabola. Rate of change. US$27tn. #gold

DawesPoints's tweet image. How amazing.

The shiny rock sure produces gold fever.

Gold blindness.

Gold deafness.

Gold brain short circuits.

Cognitive dissonance against all your faculties of observation.

Not US$, bonds, inflation, war.

Just the `vibe'.

Parabola.

Rate of change.

US$27tn.

#gold…
DawesPoints's tweet image. How amazing.

The shiny rock sure produces gold fever.

Gold blindness.

Gold deafness.

Gold brain short circuits.

Cognitive dissonance against all your faculties of observation.

Not US$, bonds, inflation, war.

Just the `vibe'.

Parabola.

Rate of change.

US$27tn.

#gold…
DawesPoints's tweet image. How amazing.

The shiny rock sure produces gold fever.

Gold blindness.

Gold deafness.

Gold brain short circuits.

Cognitive dissonance against all your faculties of observation.

Not US$, bonds, inflation, war.

Just the `vibe'.

Parabola.

Rate of change.

US$27tn.

#gold…
DawesPoints's tweet image. How amazing.

The shiny rock sure produces gold fever.

Gold blindness.

Gold deafness.

Gold brain short circuits.

Cognitive dissonance against all your faculties of observation.

Not US$, bonds, inflation, war.

Just the `vibe'.

Parabola.

Rate of change.

US$27tn.

#gold…

Barry Dawes reposted

Wouldn't it be fun if I got this one correct? Will I? Super counter intuitive contrarian outcome. My facts support it? Will the market's facts be the same as mine? Who knows! $14tn in falling ST Bills/Notes. NO ONE owns any LT Bonds. #Gold $GDX $NEM

DawesPoints's tweet image. Wouldn't it be fun if I got this one correct?  

Will I?  

Super counter intuitive contrarian outcome.  

My facts support it?  

Will the market's facts be the same as mine?  

Who knows!

$14tn in falling ST Bills/Notes.

NO ONE owns any LT Bonds. 
 
#Gold $GDX $NEM
DawesPoints's tweet image. Wouldn't it be fun if I got this one correct?  

Will I?  

Super counter intuitive contrarian outcome.  

My facts support it?  

Will the market's facts be the same as mine?  

Who knows!

$14tn in falling ST Bills/Notes.

NO ONE owns any LT Bonds. 
 
#Gold $GDX $NEM
DawesPoints's tweet image. Wouldn't it be fun if I got this one correct?  

Will I?  

Super counter intuitive contrarian outcome.  

My facts support it?  

Will the market's facts be the same as mine?  

Who knows!

$14tn in falling ST Bills/Notes.

NO ONE owns any LT Bonds. 
 
#Gold $GDX $NEM
DawesPoints's tweet image. Wouldn't it be fun if I got this one correct?  

Will I?  

Super counter intuitive contrarian outcome.  

My facts support it?  

Will the market's facts be the same as mine?  

Who knows!

$14tn in falling ST Bills/Notes.

NO ONE owns any LT Bonds. 
 
#Gold $GDX $NEM

Loading...

Something went wrong.


Something went wrong.