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That Major Revaluation of Gold Is Coming

Source: Barry Dawes

 

January 16, 2023 (Investorideas.com Newswire) Barry Dawes of Martin Place Securities takes a look at multiple charts in the resource sector to tell you where he believes it is headed.


Key Points

Gold

  • Gold trades above US$1880.
  • Not long now before US$1900.
  • Gold in Euros, Yen, and Pounds looking to move up sharply
  • Could we see new all-time highs above US$2100 VERY early in 2023?
  • Gold has started Wave 3

Gold Stocks

  • XAU over 132
  • 135 very soon
  • 165, not far away.
  • ASX gold stocks breaking out

Copper

  • Breaking out above US$4/lb
  • Exceeding that LT resistance at US$4/lb
  • NO INVENTORY!
    • Copper back to 2022 inventory level lows
    • Zinc LME inventories down by 87% in past year
  • Got DVP?
    • Its got Copper
    • And Zinc!

Bonds

  • Yields down again
  • Prices rally

DVP Copper and Zinc

  • Woodlawn
  • Sulphur Springs
  • Mining contracting
  • Market cap ~A$750m @ A$3.40 on 220m shares (diluted)

ICL - Extraordinary WA Explorer

  • 8 major targets
  • 14 >1000m geochem anomalies
  • Gold nuggets confirm nearby sources
  • Market cap A$ 24m @ A$0.115 on 208m shares

TBN - Extraordinary NT Gas Developer

  • Amungee AH2 horizontal well completed
  • Fraccing to commence after current wet period
  • Market cap A$ 353m @ A$0.25 on 1,416m shares

Gold

Gold traded higher through US$1880 and held US$1870.

Gold Stocks

135 resistance is only 2% away. And it should not last long before gold stocks overcome it and head straight for 165.

Bonds

  • Yields decline further.
  • Bond rally to continue for a while yet.

Copper

  • breaks out above US$4/lb

US$4/lb is important Long Term resistance. Breaking that brings much higher prices.

NO LME INVENTORY!

Zinc is about to break out.

Got DVP?

4

ICL Extraordinary Explorer

14 Mile Well Project - On West Side of Celia Fault

Eight major target areas . . . and counting.

14 geochem anomalies identified using CSIRO UFF+ technology. All over 1000m - up to 5000m.

Syenite intrusions (host of several nearby major gold deposits/mines) identified on tenements.

Most Advanced Projects

Drilling has confirmed gold presence. Numerous nuggets in paleochannels.

ICL

This is developing into something special

TBN - Tamboran Resources

Development of Beetaloo Basin

TBN has successfully drilled its two operated wells much faster than Santos and Origin. Faster wells are cheaper wells (daily rig rate cost)

Net Undiscovered Prospective Resources 116TCF

TBN - Also Developing into Something Special

Opportunity is knocking. Timing is everything.

Disclosures:

1) Barry Dawes: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: None. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: My company, has a consulting relationship with: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with: None. Please click here for more information.

3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. 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. 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. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for 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. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

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