• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Fat Tail Daily

Investment Ideas From the Edge of the Bell Curve

  • Menu
    • Commodities
      • Resources and Mining
      • Copper
      • Gold
      • Iron Ore
      • Lithium
      • Silver
      • Graphite
      • Rare Earths
    • Technology
      • AI
      • Bitcoin
      • Cryptocurrency
      • Energy
      • Financial Technology
      • Bio Technology
    • Market Analysis
      • Latest ASX News
      • Dividend Shares
      • ETFs
      • Stocks and Bonds
    • Macro
      • Australian Economy
      • Central Banks
      • World Markets
    • Small Caps
    • More
      • Investment Guides
      • Premium Research
      • Editors
      • About
      • Contact Us
  • Latest
  • Fat Tail Series
  • About Us
Latest

You Haven’t Missed the Boat with Gold

Like 0

By Murray Dawes, Saturday, 20 July 2024

Gold corrections will be buying opportunities.

Gold has had a strong run since October 2023, so a correction is always something to be wary of. But now that gold is at all-time highs and running hard, corrections should be seen as buying opportunities.

In today’s Closing Bell video, Murray shows you what to expect if a serious correction in gold occurs and where the opportunities will be to top up gold exposure.

I’m hoping you have been building up your gold exposure over the last year and are currently sitting pretty waiting to see if this explosive rally in gold can keep going.

But whether you have filled your boots with gold stocks or are aiming to add more, today’s Closing Bell is for you.

I have been dishing out a few gold stocks to you over the last few months in case you needed to play catch up and jump on a few stragglers.

I discussed Resolute Mining [ASX:RSG] in March, which is up 50%. I also mentioned Regis Resources [ASX:RRL] which has continued to lag behind.

I watched the CEO make a presentation yesterday at the Noosa Mining Conference and he was bullish on their cash flows going forward now that they were unhedged. He seemed quite confident that McPhillamy’s was a solid growth project for them.

I reckon they aren’t far away from firing again.

I also told you to consider De Grey Mining [ASX:DEG] a couple of weeks ago when you could have picked them up for $1.14. They are trading at $1.22 as I write this.

A 7% gain in two weeks on a multi-billion dollar stock is better than a poke in the eye so I hope you managed to grab some.

As rates start dropping and the US dollar along with it, there is a case to be made that gold is just getting started on its bull run.

But having watched many bull markets over the years, you have to be prepared for anything, because large corrections can occur which shake out the unwary.

That’s why I thought it was a good time to have a detailed look at how the uptrend in gold has developed since 2016 which is when the current bull run began.

You will see how waves develop, with corrections often revisiting the midpoint or the buy zone (75%-87.5% correction) of the previous wave.

When you understand how they evolve you are less likely to freak out when the inevitable corrections occur along the way.

You will also know when to be wary and when to get excited about the opportunity on offer.

Gold has already run pretty hard since October 2023 with few pullbacks. The higher it goes now the more wary we should be that a 50% retracement of the previous wave could be coming.

But it is in an explosive phase after breaking out of a three year range, so there is no reason why gold can’t continue marching higher at a rate of knots.

That’s why I have been so vocal over the last year to prepare you for the breakout.

Once it gets going you want to be riding it and taking some profit along the way rather than trying to hop on when it is already overbought, and a correction may be around the corner.

But if you haven’t managed to build up enough of a position there is still time as many of the developers and explorers have been lagging way behind the gold price.

In today’s Closing Bell I set out all the key levels below the current gold price where I expect to see strong support if a correction does occur in the short-term.

My mate Brian Chu has vast knowledge of the fundamentals of each and every gold stock out there. I lean on his knowledge when I am researching in the gold sector, and he always points me in the right direction.

So if you are still looking to add more gold exposure as this bull market builds momentum you should check out this report that he has just released.

Combine my technical analysis of the gold price with Brian’s detailed fundamental analysis of individual gold stocks and you should be on your way to riding the bull with a smile on your face.

Regards,

Murray Dawes Signature

Murray Dawes,
Editor, Retirement Trader and Fat Tail Microcaps

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.

Comments

Subscribe
Notify of
guest
guest
1 Comment
Inline Feedbacks
View all comments
Murray Dawes

Murray Dawes is our resident expert trader and portfolio manager. He is a former Sydney Futures Exchange floor trader who went on to design custom trading systems and strategies for ultra-wealthy clients (including one of Australia’s richest families). Today, his mission is to help ordinary Aussie investors make profitable investments, while expertly managing risk.

He uses his proprietary system for his more conversative and longer-term-focused service Retirement Trader…and then applies the same system to the ultra-speculative end of the Australian market in Fat Tail Microcaps (this service is strictly limited and via invitation only).

Murray’s Premium Subscriptions

Publication logo
Fat Tail Microcaps
Publication logo
Retirement Trader

Latest Articles

  • Australia ain’t the USA…and that’s great!
    By Callum Newman

    The outlook for Australia and the ASX are very different to the US and US shares. Here’s why…

  • The biggest infrastructure spending boom in history just kicked off
    By Nick Hubble

    Did governments screw up our gas supply? According to some sources in the industry, a rather similar thing happened to our electricity and water industry.

  • You Read it Here First: Great Asset Rotation Underway
    By James Cooper

    Media is swirling on the great asset transition taking place from the banks to the miners. But James Cooper made this prediction months ago in Mining Memo. Are you taking advantage?

Primary Sidebar

Latest Articles

  • Australia ain’t the USA…and that’s great!
  • The biggest infrastructure spending boom in history just kicked off
  • You Read it Here First: Great Asset Rotation Underway
  • The sector primed to fly into 2026
  • OpenAI and Microsoft Divorce?: Why this could be good for you

Footer

Fat Tail Daily Logo
YouTube
Facebook
x (formally twitter)
LinkedIn

About

Investment ideas from the edge of the bell curve.

Go beyond conventional investing strategies with unique ideas and actionable opportunities. Our expert editors deliver conviction-led insights to guide your financial journey.

Quick Links

Subscribe

About

FAQ

Terms and Conditions

Financial Services Guide

Privacy Policy

Get in Touch

Contact Us

Email: support@fattail.com.au

Phone: 1300 667 481

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.

Fat Tail Logo

Fat Tail Daily is brought to you by the team at Fat Tail Investment Research

Copyright © 2025 Fat Tail Daily | ACN: 117 765 009 / ABN: 33 117 765 009 / ASFL: 323 988