#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

Gold moved up 0.95% and the DJIA up 1.53%. 10 yr T Note price +0.52% and yield down 1.62%. Does this change thesis of falling bond yields, rising US market, stronger US$ and lower gold?. Big Beautiful Bond Rally is showing declining Fed Budget int exp, falling inflation and

What do you want to know?.

Good stocks have run up nicely to the target matching the 2011 highs but they aren’t exhibiting the spirit needed to drive them higher. That WAS IT!! ~2 weeks ago!!. Most recent market action has been uninspiring. $GDX $XAU. $GDX.

I hope the gold bulls are ready to understand what all this means in the gold market today. A paradigm shift is evolving. The impact of Aug 1971 is being inverted. The Big Beautiful Bond Rally is underway. The US$ gold price is heading lower. Market action is not

RT @SWReports: Big Beautiful Bond Rally To Drive Stocks and Commodities Higher. Barry Dawes of Martin Place Securit….

RT @SWGoldReport: Big Beautiful Bond Rally To Drive Stocks and Commodities Higher. Barry Dawes of Martin Place Secu….

The Big Beautiful Bond Rally is happening in the US with 10yr yld lower in 2025. US$ rising. Not so elsewhere. Weak currencies here will be following their bond prices lower. Higher yields required to prevent capital flight. People in these currencies need gold. #gold $TLT

With ~50% of Treasuries <30mths duration and yields likely to drop 50bps in Sept (and be probably 150bps below year-ago levels) the US Fed Int Expense will soon be down >$200bnpa on Mar 25 levels. Note few bonds >10yrs. Bond managers are bunched in that <3yrs $14tn with the

Gold and Resources usually go together but gold has also gone too far against these assets. Major breakouts vs gold coming up. Big Beautiful Bond Rally will bring down discount rates and push up PERs. #Gold $BHP $RIO $FCX $TLT.

Small resources companies should do very well over the next decade or so. The $CDNX is 60-70% resources and the only existing major long term index I know of. 17 year bear market is over. But look at its relative strength. #Gold $GDX $XAU

Gold is a truly wonderful asset but it has just got ahead of itself and needs to correct. Gold against TBonds has peaked for now as the Big Beautiful Bond Rally gains steam. Gold against other assets is also overextended against the DJIA and the SPX . A backtest is needed.

Anyone remember these?. After parabolic rises. I do. I was there. We all thought it would go up forever. It was always different this time. #gold $GDX $NEM

With the Big Beautiful Bond Rally there should be a similar boost to US stocks. Dow Theory on track for a major new upleg in stocks. #Dow30 $TLT $SPX #gold

2/.~US$14tn is probably the greatest pool of liquidity in history. Bond managers by probabilities are in short dated treasuries, unwilling to hold 3-5 yrs and too nervous to go beyond 10yrs. When FFR is cut by 50bps in Sept there should be rush into LT bonds (and Dow stocks!)

1/.Hello World. How does this sound to US T-bond bears?. ~50% of Tbonds mature <30mths. ST bills & notes are being rolled over at 20-25% lower rates vs 2024 so int exp 🔽.High (+ some low) coupon long dated Bonds are maturing & replaced by lower yield ST bills. $TLT #gold

Many consider gold is in an ascending triangle ready to burst into the next upleg. Maybe . Closer looks suggest this is maybe not. Despite the commentary, the US$ isn’t collapsing, bond yields aren’t rising and inflation isn’t surging. Neither of these two below suggests a

US TBonds are breaking out in multi year Big Beautiful Bond Rally. But other countries’ aren’t. German bond yields rising. And Euro to turn sharply lower. Could be all those foreign investors are selling their junk and buying US$ and TBonds. $TLT. #gold

US TBonds beginning major multi year rally. 10 year T Notes price breaking down trend. 30 year T Bond yield to drop sharply. ~50% of US Treasuries are <30 mths . No one owns long dated bonds. No supply!!. Big Beautiful Bond Rally . #gold. $TLT $GDX $XAU

Gold vs T Bonds. Major turning point has arrived. Directional change underway. Big Beautiful Bond Rally .$DXY $GDX #gold $TLT

Gold is looking very tired. Peaked almost four months ago. Gold stock sentiment is 100% bullish but now at major resistance at 2011 highs. Caveat emptor . Big Beautiful Bond Rally underway and US$ rising again. #gold $XAU $GDX $DXY

Gold seems ready to sell off this week as expected. US CPI on 12 Aug just might be quite low. US Treasuries are starting a major new bull market. A gold backed 1% 30 Year Treasury could become the new Gold Standard. No bureaucrats to get involved. No central bank wankers. A