September 12, 2025

By Nigam Arora

To gain an edge, this is what you need to know today.

Gold Magnet

Please click here for a chart of gold ETF (GLD).

Note the following:

• The chart shows that the recent breakout above zone 2 (support) was successful.
• The chart shows that gold is now in zone 1 (resistance).
• Sentiment on gold is now extremely positive.  Momo gurus with no prior record on gold are now jumping in pretending to be gold experts and urging their followers to aggressively buy gold.  Historically, this is a common behavior of momo gurus.  In 2011, after missing the gold rally, from $600 to $1800 momo gurus also jumped in pretending to be gold experts urging their followers to buy gold.