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This is our latest newsletter alongside Gold related clips from TDLR.
REAL-TIME IN SITU VALUE OF STLLR'S COMBINED ESTIMATED MINERAL RESOURCE OUNCES
STLLR News
2025 PEA HIGHLIGHTS
TOWER GOLD PROJECT
STLLR's flagship asset in the renowned Timmins Mining Camp and one of the largest undeveloped gold projects in Canada. |
ARTICLES
Gold Commentary
Gold Market
- Geopolitical Tensions: Recent tariff announcements and global political uncertainties have increased demand for gold as a safe-haven asset.
- Economic Indicators: Concerns over inflation, currency devaluation, and central bank policies have further bolstered gold's appeal to investors seeking stability.
- Investor Behavior: Institutional and retail investors have shown increased interest in gold, with central banks continuing to add to their reserves.
- Trend & Momentum: Gold's long-term uptrend remains intact, supported by a breakout above the $2,070 resistance in 2024. However, the current RSI indicates overbought conditions, suggesting potential for short-term consolidation.
- Key Levels:
- Resistance: $3,500 has acted as a significant resistance level, with multiple failed attempts to break above it.
- Support: The $3,172 level has provided strong support, aligning with the 50% Fibonacci retracement of the recent rally.
- Breakout Attempts: Gold's attempts to sustain levels above $3,400 have been met with selling pressure, indicating a need for stronger catalysts to drive a decisive breakout.
- Volatility & Consolidation: The market has experienced heightened volatility, with sharp price swings influenced by geopolitical developments and economic data releases. Currently, gold appears to be consolidating within a range, awaiting clearer directional cues.
Outlook
Price Projections for 2025
- Base Case: $3,300 – $3,600/oz
- Bull Case: $3,600 – $4,000/oz
- Bear Case: $2,900 – $3,200/oz
- Interest Rates: If central banks, particularly the U.S. Federal Reserve, begin cutting rates in the second half of 2025, this would reduce the opportunity cost of holding gold, strengthening demand.
- Inflation Outlook: Persistent inflation above central bank targets, especially if deemed structural rather than transitory, would drive investors toward gold as a real asset hedge.
- Recession Risk: Should growth falter or recession fears return, safe-haven flows into gold are likely to accelerate.
- Ongoing global conflicts (Ukraine-Russia, Middle East instability) or new flashpoints (e.g., South China Sea tensions) would keep a risk premium embedded in gold.
- Political instability in major economies, particularly in a U.S. election year, could trigger market turbulence and boost gold.
- Dollar Weakness: A gradual decline in USD due to twin deficits and increasing global diversification efforts could lift gold.
- Sovereign Debt Concerns: Elevated global debt and fiscal deficits may lead investors to seek hard assets as protection from fiscal mismanagement.
- Institutional and retail flows into gold ETFs and physical bullion remain supportive.
- Central bank buying (notably from China, Russia, India) is expected to continue at a high pace, providing strong demand-side support.
- As of May 2025, gold has entered a high-level consolidation phase just below the $3,400 resistance.
- A confirmed breakout above $3,500 could trigger momentum-driven buying up to $3,800.
- Conversely, a breakdown below $3,150 would risk a deeper retracement to $3,000–$3,050, which should act as strong structural support.
- Price Range: $3,500 – $4,500 per ounce
- Drivers:
- Gradual de-dollarization and diversification of global reserves
- Continued central bank gold accumulation, especially by BRICS+ nations
- Persistent inflation risk and debt-driven fiscal expansion in developed economies
- Increased retail and institutional demand for hard assets amid digital asset volatility
- Price Range: $4,500 – $6,000+ per ounce
- Supporting Themes:
- Potential remonetization of gold or its inclusion in future digital currency frameworks
- Supply constraints as high-grade, low-cost reserves are depletedRising wealth in Asia and the Middle East increasing physical gold demand
- Environmental and permitting constraints slowing new mine development
Summary
Gold on Socials
Interesting Posts on X.com
#GOLD remains strongly bullish. Consolidation is a part of bullish patterns, especially after consecutive months of gains. A break above $3,500 could trigger another surge toward $4,000.

@Sorenthek: *CHINA ANNOUNCES GOLD SWAP FACILITY **MEXICO PLEDGES ALL 2026 SILVER PRODUCTION IN SWAP FOR GOLD SGE CLEARED
https://x.com/Sorenthek/status/1927867426697330726

https://x.com/GoldSilverHQ/status/1927659864093753448
@Barchart: WOAH WOAH WOAH.. Ray Dalio's Bridgewater Associates opened up a $319 million position in Gold $GLD according to a new 13F filing:
@taylorkenneyitm: Got gold? ![]()
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Price Performance & Forecast
Price Performance Charts: Since January 1/20, 1-Year, 3-Month, 1-Month
Gold Price vs. S&P 500 vs. Nasdaq vs. Dow Jones ending May 31, 2025
(Source: WGC, STLLR Estimates, TradingView)
Gold Price Performance Per Currency
Currency
May
1-Year
USD
+2.2%
+39.4%
Euro
+1.6%
+33.7%
JPY
+2.6%
+29.5%
GBR
+0.4%
+31.8%
CAD
+1.3%
+41.4%
CHF
+1.5%
+27.3%
INR
+1.8%
+42.6%
CNY
+1.0%
+39.0%
TRY
+4.0%
+67.7%
SAR
+2.2%
+39.4%
IDR
-0.1%
+42.6%
AED
+2.2%
+39.4%
THB
-0.2%
+25.5%
VND
+2.5%
+42.2%
EGP
+0.7%
+48.2%
KRW
-1.3%
+42.1%
RUB
-1.5%
+23.1%
ZAR
-2.2%
+37.1%
AUD
-0.3%
+43.5%
(Source: WGC, Goldprice.org)
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