The analyst expects the gold to fall from the “anxiety wall”

The analyst expects the gold to fall from the “anxiety wall” Originally Thestreet.

Investors climbed the likely anxiety wall to the highest levels in the stock market this year, afraid of every step that the market was about to reflect.

Meanwhile, Gold’s move to record levels was more impressive, and buyers seem to have no concern that the end of their gathering on the horizon.

The shares increased, as measured by Standard & Poor’s 500, about 9.4 % until August 8 – although it has risen about 28 % since the market bottom on April 9, the day that President Donald Trump stopped a tariff a few days after its announcement.

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Meanwhile, gold increased by 29.5 % this year, until August 8, with about $ 3460 an ounce. Its profit since the decrease in post -tendency is approximately 18 %, but gold has also not suffered from shares in the collapse that accompanied the news of the tariff.

The average annual return for three years on gold, as measured by SPDR Gold Shares ((GLD)) It is 23.4 %, much higher than historical averages. From 1971 to 2024, the annual return on shiny things was just less than 8 %.

Nearly 30 % this year, gold perhaps its climax.Photo and colon source; NAOWARAT & Sol; Shutterstock

The height of gold was not the result of its traditional role as a hedge against inflation, because it usually takes a long period of time with more than 5 % high prices until gold is kicking in this way.

Instead, gold was seen as an ideal hedge against geopolitical risks, fighting in Ukraine and Gaza, which is the possibility of commercial wars coming from definitions, and more.

With no end on the horizon of these problems, many investors have become golden insects, looking forward to the precious metals of protection and profits at times of uncertainty.

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Although buying gold now-or stocks, in this regard-can feel a little like appearing late to the party, most industrial monitors suggest that complete excavation is more likely than some bounces to the middle.

Although there is no shortage of caution and tension, there is no widespread invitation to stagnation until 2025. Many market monitors say that price cuts (whenever they start) and economic benefits to cancel restrictions – the great component of President Trump’s economic plan – will compensate for the approved winds to maintain matters forward, moderately isolation.

Many gold analysts make an argument to continue in the gold rally.

“This golden market may be a little heavy in the age … it started in 2016,” said Thomas Winmil, director of the Discovery Fund in Midas. ((Midsx)) In an interview on August 4 edition of “Money Life With Chuck Jaffe.“More than 300 % has risen in those nine years. This has not happened often. The average bull market for gold is about 53 months, according to my research, and this is more than 110 months, or nearly twice the normal length.”

Related: The veteran strategic expert reveals the updates of the updated gold prices

However, Winmill insisted that gold is not exaggerated: “If you set the highest previous level, which was reached in 1988, for inflation, we are actually less than that high, which was modified in inflation will be about $ 3500 an ounce.”

“The golden stock basket represented by the Gold Bugs 600 index in August was reaching the price of gold 1800,” Winmill added, “This index is much lower, in the range of 400, about 430. Therefore, in that result, we got 50 % to go in gold stocks.”

On the other side of that trade, there are veteran goods and urban futures analyst Carly Garner, the major strategy in Decarley Trading, who said In an interview from August 5 edition of “Money Life” It is “the sales market in both gold and silver, and the reason I think is the US dollar has reached the bottom, and I think it will continue to work on its way up.”

Garner said that moving in the dollar changes the scene of many commodities, especially minerals, especially at times when gold is “perhaps the most volatile.”

It is not the fluctuations related to astonishment as much as the price, especially because, she said: “Many people put money in gold just because of its height.”

“But I lived until 2011,” she added, and I remember all the same stories that revolve in gold, and all the reasons for their purchase.

“All these things were novels in 2011, topped gold, then took a 50 % haircut, and it took a decade.”

Garner added that a 50 % haircut is not just a potential scenario, but also “may actually be just around the corner.”

Garner noticed that she was not trying to predict anything, but she reads the possibilities. Although eating it on gold is disturbed, eating it in the stock market is not much better, with the possibility of being much lower than the current levels before you circulate significantly over it.

She referred to the trend line in the monthly plan for the S&P 500 futures, given high points, “comes at about 6000 (on the S&P index). So we can exceed 6500? Certainly. But the possibilities that we see higher here in the following lobes of the months are very small.

A more likely scenario is the continued monotheism or withdrawal. But the problem is that I do not see any good support on a monthly scheme until we reach low 5000s. “

In her personal portfolio, Garner noticed that she is the excessive weight papers. This strategy has previously been used to ride rough spots to make the market more optimistic.

“The cabinet, regardless of where it looks at the curve, pays from 4 % to 5 %,” Garner said. “And if you end the expiration of the validity, you will get this money … so I just play the possibilities here. The possibilities are the Treasury (A) to buy much better than the shares.”

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The analyst expects the gold to fall from the “anxiety wall” He appeared for the first time on Thestreet on August 10, 2025

This story was originally reported Thestreet On August 10, 2025, when it first appeared.