Gold is extremely attractive now because rising market fear could make it a great hedge. It has fallen nearly 30% from its January all-time high and returned to the accumulation zone. If this level holds, expect a bounce soon. x.com 

Gold remains bullish because its correction and investor washout fit the expected cycle reset before the next major move. After two strong years, the projected cycle low is approaching, making the shakeout a setup within gold's multi-year cycle rather than a break in the long-term trend. x.com  x.com 

Gold now points toward a downside target, following the late-August exit signal laid out in the August 30 edition of Turning Points. x.com 

Gold's 10% drop is a positioning wipeout, not a reaction to Trump backing down. With traders losing their minds, that makes it time to bid for short-term scalps, a scalping heaven rather than a long-term entry. x.com  x.com 

Gold looks to be starting a new uptrend after resetting, though it may need a bit more time, because the debasement trade is alive and well. Aggressive FX intervention and signals of 'whatever it takes' bond market management from Treasury Secretary Bessent support it, and there are valid worries these are band-aid fixes. x.com 

Gold's failure to rise even after rates pulled back decently challenges the earlier high-rate explanation for its weakness. GLD is close to fresh 11-month lows and just closed at a new 14-month low relative to the S&P 500. Gold has trended down since its parabolic January peak. x.com  x.com 

Gold is set to take off as energy-driven stagflation traps the Fed and negative real rates favor it. Today's dovish hold was likely its last chance to hike: once the AI bubble bursts, the Fed loses that option, while current debt-to-GDP rules out Volcker-style hikes without fiscal insolvency. Per Macrotrends' chart, gold rose eightfold from its 1976 low to its 1980 high, equivalent to $32,000 gold over five years in today's terms. x.com  x.com  x.com 

Gold offers a fairly certain opportunity once the first leg of a US stock decline stabilizes. Gold usually falls with US stocks when they start to drop, then tends to find good opportunity after that first phase ends. Commodities will likely outperform US AI-related tech, US stocks are at high levels, and a US rate hike would be the point to heighten risk caution, though the downturn may come at an unexpected time. x.com 

Gold tends to perform poorly when liquidity contracts, while it performs best during recoveries. Gold looks likely to fall next year. x.com  x.com 

Gold is worth owning because of unstable, inconsistent central bank policy, currency depreciation and a lack of fiscal discipline from both parties in Washington. The predictable pressure on precious metals from higher rates and fears of a Fed hike tomorrow is likely discounted or close to it, so the risk/reward is attractive despite a technical breakdown evident for weeks. Like any commodity whose intrinsic value is hard to calculate, gold will stay volatile on both the downside and upside. … Show more