Gold had everyone on the edge of their seats last week as one historic high after another was notched. Three trading days out of four set new closing records with the final close creeping towards yet another milestone, $3,600.00. Gold opened at $3,447.32 and closed at $3,586.44 for a whopping 4.03% weekly gain. The Dow Jones Industrial lost 220 points over the week.
Major Banks and Brokerage Houses have all modified their projections upward for Gold in 2025 with Fidelity Investments predicting $4,500.00 per ounce by the end of the year. The strong consolidation period vaulted the yellow metal over the $3,400.00 resistance level all the way to $3,600.00 before settling back a bit. This early September charge is a very healthy market that Cedar Gold clients and readers will remember was correctly called by our analysts in July.
Technically speaking there is little to no resistance to $3,750.00 based on chart analysis and The Commitment of Traders Report. Even non-metals advisors are suggesting $5,000.00 is imminent.
Silver, not to be left out, posted a very respectable 3.24% gain on the week opening at $39.75 and closing above its own resistance mark at $41.04. The roar you heard was not in response to a Scotty Scheffler birdie, it was Silver Bugs around the globe celebrating the breach as their dream of three-digit Silver looks more achievable.
There is not enough good manufacturing news to help drive little sister’s movement which shows the investment pressure is firmly in place. As previously advised, Silver’s fundamentals are more complicated than Gold and need industrial pressure to break out on its own. For now, coat-tailing off of big sister Gold is not a bad deal.
Platinum and Palladium are further example that industrial pressure is lacking in the metals sector. The Platinum family, which charged energetically early mid-week only to give most all of the gains back at the end, desperately needs good industrial news to have any chance at all. Platinum managed only a 0.37% gain while Palladium posted up 0.69%. Any Platinum Family play should be considered a long-term play until global manufacturing gets back on its feet.
Only twenty-five years ago when Gold traded for $240.00 per ounce, a noted metals analyst commented that he could see events unfolding where Gold could reach $2,500.00. He cautioned at that point that $2,500.00 Gold would not be good for anyone, even those who owned it.
At that time in the year 2001, The US Money Supply was a mere $5 Trillion. Today that number resides over $22 Trillion. With nearly $15 Trillion being added since the collapse of Lehman Brothers which exposed the weakness of the banking system and nearly brought the world to a halt.
The analyst could not have seen the explosion in Fiat Currencies and Sovereign debts that has occurred since then. If we use the same rationale that the analyst used in 2001, we can see why $5,000.00 gold might not be good for anyone because of what is happening around us. Perhaps if he had known how reckless the world would be with monetary policy he would have modified his statement to, “$10,000.00 Gold means something is wrong in our Global Markets. You better own it or it will not be good for you.”
As in previous economic chaos, those who own Gold will be very glad that they do when paper assets implode. Gold will be measured in five digits in the future. The future is closer than we think, and many are waking up to the reality of what that future brings and why Gold is so important.
The Platinum Family has no investment attention without manufacturing pressure. That was obvious last week while Gold and Silver roared, Platinum and Palladium slept. The Dow Jones lost 220 points on the week with the exact same news as Gold got. This indicates how much investment pressure is on Gold and Silver as those in the know are exiting paper assets for tangible assets.
If you are one that has watched more than one ship sail away while sadly waving goodbye as it disappears over the horizon, do not miss this boat. It is not an accident or a fluke that Gold is outperforming all other assets. Gold should be your financial crystal ball. It will become clear soon what it is trying to tell us. There is never a bad time to invest in Gold, but some times are better than others.
The precious metals surge we’re witnessing isn’t happening in a vacuum. As we move through September 2025, several critical factors are converging to create what I believe is a perfect storm for precious metals, particularly gold and silver.
The Federal Reserve’s monetary policy remains accommodative despite inflation concerns, and with global debt levels reaching unprecedented heights, central banks worldwide are quietly accumulating gold reserves. This institutional buying, combined with retail investor flight from traditional assets, is creating sustained upward pressure that technical analysis alone cannot fully explain.
While official inflation numbers may appear manageable, the real purchasing power erosion is becoming undeniable. Energy costs, food prices, and housing continue their relentless climb. Gold at $3,586 today represents the same purchasing power that $350 gold provided in 2000 – we’re not seeing gold appreciation as much as we’re witnessing dollar depreciation in real terms.
Silver’s break above $41 is particularly significant because it suggests industrial demand may finally be awakening. The green energy transition, 5G infrastructure buildout, and the ongoing digitization of emerging economies all require substantial silver inputs. Once industrial demand catches up with investment demand, we could see silver outperform gold significantly.
Doug’s analysis pointing toward $5,000 gold isn’t just possible – it’s probable given current trajectories. However, the path there won’t be linear. Expect significant volatility as we approach each psychological barrier: $3,600, $4,000, and eventually $5,000.
The key drivers I’m watching:
For investors, this environment demands a nuanced approach:
Gold: Continue accumulating on any pullbacks below $3,400. The $3,750 target Doug mentioned is conservative – I see $4,200 as achievable by year-end 2025.
Silver: The $41 breakthrough opens the door to $50-60 silver within 12 months. Industrial demand recovery could push it even higher.
Platinum Group: Remain patient. These metals will have their day when global manufacturing rebounds, but that catalyst hasn’t arrived yet.
What we’re witnessing isn’t just a metals bull market – it’s a monetary reset happening in slow motion. The smart money understands that paper assets become increasingly risky as central banks lose credibility and governments struggle with unsustainable debt burdens.
Gold and silver aren’t just investments anymore; they’re insurance policies against systemic risk. As more investors recognize this reality, we’ll see continued demand that no amount of paper selling can suppress.
The train is leaving the station. Those who understand what gold is telling us about our monetary system’s health will be positioned for what comes next. Those who don’t may find themselves wondering how they missed such obvious signals.
Remember: In times of monetary chaos, there are two types of people – those who own gold, and those who wish they did.
