January 30, 2025 - (Gold Market Wire) - Gold is reaching a moment of truth this week as the markets swirl with rumours - - from delayed Bank of England Deliveries on Gold to ever encroaching ruminations of sovereign debt defaults. The chart reveals the concerns to a 'T'.

..and the zoom in.

Right now, free from opinion, the balance lies with the Power Uptrend Holding. We'll have to be cautious if it doesn't. If we add in our view of market tension, we'd have to think the next move higher is upon us.

Trump has made it clear: Lower Rates; Tell the Fed off (does Powell have the cojones to resist?); annoy the Russians while signalling the abandonment of Ukraine. It's all a mess.

Trump is rushing to fire people all over Washington. Are the neo-Cons re-grouping for a counter-attack. It would be hard to envision that they wont. They have decades of preparation invested in fighting a war with Russia, but the American population is balking - or not even aware. But everyone in Europe (save Germany's AfD) wants to fight Russia... as long as they, themselves, are not directly involved. When the going gets tough, it's supposed to be "Big Daddy USA" that does the heavy lifting. But what if Washington doesn't care anymore? The US population certainly doesn't. That leaves Europe on its own... and that is the end of the EU.

Europe doesn't have the money, the intelligence, or the political coherence to formulate a response - - let alone fight a war.

So yes, Gold is at the OK Coral, loaded for the Showdown. And so is the future of the European "Union". What's left of it.

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