A Big Fall Is Coming

Source: Barry Dawes 08/12/2025

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

Large speculators are very long.

Commercials are very short.

I do not quite know what this means.

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!

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Important Disclosures:

1. 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.
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