Gold Hits Record High, What Would Push Price Above $3,000? | Gary Wagner

Watch on YouTube ↗  |  February 05, 2025 at 05:45  |  24:10  |  The David Lin Report
Speakers
Gary Wagner — Editor, TheGoldForecast.com

Summary

Gary Wagner, editor of The Gold Forecast, discusses the Fed's rate-cut pause, sticky inflation, tariff risks, and gold's record rally. He forecasts gold above $3,000 and a breach of $3,100 in the first half to third quarter of 2025, with an inflation-acceleration scenario that could push it toward $3,500. Wagner also compares gold with the S&P 500 and Nasdaq, favoring gold over the S&P 500 but saying Nasdaq could outperform gold due to tech leadership.

  • Fed paused rate cuts; Wagner expects likely two quarter-point cuts in 2025.
  • Inflation remains sticky, with tariffs a potential upside risk.
  • Gold rallied strongly from about $2,600 to record highs near $2,800-plus.
  • Wagner's technical/Fibonacci forecast sees gold above $3,000 and breaching $3,100.
  • A faster inflation spiral could push gold toward $3,500.
  • Wagner favors gold over the S&P 500.
  • He sees Nasdaq Composite potentially outperforming gold due to Big Tech leadership.
  • Magnificent Seven and tech leaders are expected to continue performing on AI innovation.
Ideas
Gary Wagner Editor, TheGoldForecast.com 14:41
Gold will exceed $3,100 in 2025
Gary expects gold to move substantially higher from its record high, forecasting a move above $3,000 and a breach of $3,100 in the first half to third quarter of 2025. He bases this on Elliott Wave/Fibonacci extension work, shallower corrections, strong recent momentum, and gold's tendency to thrive in high or sticky inflation. He says even with a Fed pause gold should easily hit $3,000 and challenge $3,100, with a more favorable backdrop potentially pushing it above $3,150 and close to $3,200, while a faster inflation spiral like 2020-21 could drive a spike toward $3,500.
GLD HIGH
Gary Wagner Editor, TheGoldForecast.com 20:52
Tech leaders will continue higher on AI
Gary says tech-heavy leaders such as the Magnificent Seven, Apple, Google, Tesla, and Meta will continue to perform because they are at the forefront of global technology development and AI, outpacing other industries. He argues AI applications in drug/protein development and other innovations could drive these stocks higher at a pace that surprises analysts, even as some other sectors only perform adequately or decline during disruptive times.
MAGS MED
Gary Wagner Editor, TheGoldForecast.com 22:48
Gold is preferred over S&P 500
When choosing between gold and the S&P 500, Gary says he would put his dollars on gold. He distinguishes the broad S&P 500 from individual tech leaders, arguing that many sectors in the broad index will only perform adequately or may diminish amid disruptive technology, while gold remains his preferred index-level allocation.
SPY MED
Gary Wagner Editor, TheGoldForecast.com 22:55
Nasdaq may outperform gold via tech
Although Gary prefers gold over the broad S&P 500, he says the Nasdaq Composite, with its heavy technology weighting and leadership from tech innovators, has the opportunity to outperform gold. This is a relative call based on the continued strength of Big Tech and AI-related innovation, not a blanket bullish view on all equities.
NASDAQ Composite MED
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This The David Lin Report video, published February 05, 2025, features Gary Wagner discussing GLD, MAGS, SPY, NASDAQ Composite. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Gary Wagner  · Tickers: GLD, MAGS, SPY, NASDAQ Composite