Gold Makes a New High

Source: Barry Dawes 04/01/2025

Barry Dawes of Martin Place Securities shares his thoughts on gold and silver and shares some North American producers he thinks are worth taking a look at.

Gold has a strong performance in European trading, which took gold to a new US$ high of US$3060. And a 5.5% crash in the Yuan took gold to a sharp new high there. Silver is on the move too. Not quite a new rally high but getting close.

Keep in mind that silver reflects animal spirits in the market, and gold stocks follow silver. Silver kept rising during the day and into the aftermarket.

March 31 was lining up for Silver Squeeze Day!

Could this bring a strong surge in Chinese retail buying?

So much for BRICS! Yuan down 5.5%.

That major move finally came!

Big jump in Yuan gold.

Gold Stocks

Major gold stock indices breaking out above five years of overhead resistance.

FOMO coming up very soon.

Silver

The supply/demand position in silver has been covered here, and now the price is catching up.

Massive short positions out there and resolution is coming. Might be Revelations for the shorts.

Silver is catching up to gold and has already broken out against the S&P500.

Parabolic in the near term.

US$50 and above in the longer term.

This should be a very big break.

The tension built up here is powerful.

Confluence of several trend lines here. An explosive move is coming.

Silver versus other assets. Silver is up versus the S&P 500. Note this superb wedging of the CDNX on TSX-V.

Silver drives gold stocks and drives smaller stocks harder. Silver is a breakout out versus the S&P 500.

A classic wedging breakout is coming.

Don’t forget this!

North American Silver Producers

Silver producers are quite rare. ASX doesn’t have any- just explorers or developers.

So these majors could go very high on rarity.

Some of these have 10 and 20-bagger price targets.

These are the best of the players.

It is hard to get 10mozpa in a producer.

ASX Gold Index

ASX Gold is heading toward 12,000.

12 ASX Silver Project developers. No silver production here yet.

But some of these look very good. Others not so interesting.

Note that this index is finally breaking out versus AU$silver.

Head the markets!

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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 Pan American Silver Corp.
2. Barry Dawes: 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.
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