You can see how the market has been holding, and you're back up. When we come to the gold in terms of the swing line, you have the higher lows, higher highs, which is bullish.
The next big downside event for the metals is likely to occur in 2029: the 100th anniversary of the famous 1929 US stock market crash. Gold could be trading near $10,000/oz by then.
The World Gold Council (WGC) is seeking to launch a new digital form of gold that would facilitate transactions in fractionalized ownership and trading of physical gold held in segregated accounts.
As we expected in our 2025 forecast, we believed the election of Donald Trump would be good for gold. We have not been disappointed. Gold rose 55% during Trump’s first term.
Thus barring inflation having spiked (as shall be determined in the new week), here comes the 17 September Fed cut, because for August, both ADP’S Employment and Labor’s Payrolls data were poor.
