August 29, 2025 - (Gold Market Wire) - Gold has powered through the overhead resistance line (see chart below) and is targeting an all-time high close at $3443.00 /.oz. The market is on a tear.

It's all too much for the Gold market: the possibility of an IMF rescue of the UK and France (and who else???); a war in Ukraine that the West is losing badly, with no end in sight; potential Civil War in Britain over migrants; a government in France about to fall; another fake election in Romania about to fail; Germany getting ready to move to a war footing with no energy resources to re-arm with. ..and an Iran/Israel war about re-ignite. And that's before we bring up the subject of massive government and personal debt...now spiralling towards unimaginable heights. You name it - it's a mess.

Gold is simply doing what it always does - in reflecting the lack of confidence in government, and expressing existential fear. Until these issues abate, it's not going to stop.