August 1, 2025 - (Gold Market Wire) - The bullish action in Gold, which has been surging for the past 18 months, is beginning to stall out. The market needs to get a move on soon, or we are going to start to sell off. After the bullish action of the past six months, we cannot simply rest here and collect ourselves. The widely anticipated attack on Iran, by joint Israeli- US forces, is implied in the price, and is now a pre-requisite for a continued move higher. The surging US Dollar is a major headwind for Gold, as is the increasing weakness in global equities.

The weekly chart is signalling trouble, and a test of $3,000. The problem we have now, is that a war with Iran will probably cause the US Dollar to rise and equities to plunge, leaving Gold in a very confused position. Silver should be cut completely- it is failing, yet again, to perform.

The Daily chart on Gold is equally troubling:

We don't like it. Not at all. It's time to start cutting. So what if we buy back in after $3450 has been properly cleared? The big ride down that seems to be developing is not worth the hassle or the implied pain. We've had a great run. Epic in fact. Probity requires a profit take. If we get it wrong, well, we've had so much right to date, it has to be realised at some point. (Of course, the Gold you hold as insurance; the 'end of the world' Gold, should never be cut - until you have no choice but to use it.)

It's time to start cutting the trading position if not closing out. Core can be held, but should be scaled down as well. The monetary crisis is still with us, but it looks like we have some cause for concern coming up. The bull looks tired. The Monthly chart is a monster:

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So, to put things in perspective: Better than Double your money (more like 120%) in 5 years...or 65% in 18 months....???

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"...those kind of cars don't pass you every day."