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Commodities

Dan Denning on the Dow/Gold ratio

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By Brian Chu, Tuesday, 07 January 2025

It’s Brian Chu here again.

Well, we’re getting toward the end of our Gold Summer Series. I hope you’ve enjoyed the interviews so far and learnt a lot. I know I have.

That’s the thing about the gold market. It has such depth and history that there is always something new to learn.

Today’s interview is no exception. In it, you’ll hear from Dan Denning. Long time readers will know Dan established Fat Tail Investment Research back in 2006. Back then, it was known as Port Phillip Publishing.

Today, Dan works with Agora Founder Bill Bonner, a well-known gold advocate. In this work, Dan focuses on a little known (but very effective) ratio that helps keep investors out of trouble.

It’s a relative take on gold, rather than giving you an absolute view on where the precious metal is heading in 2025.

Enjoy…

Fat Tail Investment Research

God bless,

Brian Chu Signature

Brian Chu,
Editor, Gold Stock Pro and The Australian Gold Report

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

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Brian Chu

Brian Chu is one of Australia’s foremost independent authorities on gold and gold stocks, with a unique strategy for valuing big producers and highly speculative explorers. He established a private family fund that only invests in ASX-listed gold mining companies, being one of a few such funds in Australia, putting his strategy and research skills to the test under public scrutiny. He currently writes two gold-focused investment advisories.

In his Australian Gold Report, Brian helps you build long-term wealth in physical gold and a select portfolio of hand-picked stocks comprising mainly producers with proven revenue streams and appealing risk-reward profiles. He uses his original valuation metrics and a tried-and-tested investment strategy to help you to deliver sustained outperformance against industry benchmarks.

In his more specialised Gold Stock Pro service, Brian helps readers trade some of the most exciting, speculative gold mining plays on the ASX. He uses his proprietary system — based on the famous Lassonde Curve model, which tracks the life cycle of mining stocks. His aim is to help you navigate the gold and silver cycles, and to capitalise on the bull market for opportunities to deliver outsized gains.

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All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.

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