Good evening ladies and gentlemen. Episode 7 of The Australian Gold Weekly Review is here, and our managing partner Brian Chu is back in the hot seat. This week, the markets didn’t just move, they jolted.
Gold prices slipped this week after the Fed cut interest rates by 25 basis points in its September 16–17 meeting. The dip came even as gold briefly surged towards US$3,700 following the cut. With the Fed hinting at more cuts for the rest of the year, here’s the burning question: has gold’s rally finally cooled off, or is this just the calm before a much bigger storm? Brian breaks down the path ahead, and trust us, you don’t want to be caught flat-footed.
Oil has thrown investors another curveball. OPEC’s disciplined supply projections, combined with weakening demand forecasts, pushed prices lower this week. But here’s the twist: oil is still holding in Brian’s so-called “Goldilocks range” of US$60–65 a barrel, just the right spot. What happens if demand keeps dropping? What does this mean for the gold-oil ratio, and more importantly, for the gold producers riding this wave? Brian unpacks the implications in a way only he can.
But not everything is golden. Despite nearly all-time high gold prices and a rising gold-oil ratio, the ASX-All Ordinaries Gold Index tumbled 376.1 points this week. Big names like Evolution Mining, Northern Star Resources, Regis Resources, Emerald Resources, and Pantoro Gold were all down 3–7% or more. And here’s the kicker: even after this selloff, our in-house valuation index still shows the sector sitting in overvalued territory at 83%. Brian reveals his exact strategy to ride this overvaluation wave, and you don’t want to be missing out!
Then comes the headline act: Catalyst Metals. This company has been the talk of the town, and for good reason. A staggering 1,000%+ share price increase over the last two years. Record-breaking production and financials. Resources and reserves rising year-on-year. Zero debt. A$330 million in liquidity ready to fund growth. If the AFL had a Brownlow Medal for corporates, Catalyst would have already won it. But here’s the twist: despite all this, Brian’s not buying at today’s A$8.04 share price. He’s waiting for a pullback to A$6–7 before going long. That begs the question, how do you value a company with a market cap north of A$2B and just above 100koz in production? Brian has the answer, and it’s not what you’d expect.
The markets are at a critical juncture. Big moves are happening, and if you’re not paying attention, you’re leaving opportunities on the table. Brian is here to guide you through it all, don’t miss this week’s video!