Managing Editor’s Note: Our colleague Jeff Brown has been bullish on Nvidia since he first recommended it in 2016, back when most people still thought it was just a gaming company. But now, Jeff believes it is about to trigger a massive crash that could send hundreds of popular tech stocks falling… We’ve seen this type of “culling” before during previous tech booms. And if you want to be ready for this one, Jeff is pinpointing which AI stocks will be winners and losers. He’ll share all about it on Thursday, March 12, at 2 p.m. ET, and he’ll reveal the catalyst behind the crash… and how you can prepare for it. Just go here to sign up with one click. Is Gold a Meme Stock Now? By Larry Benedict, editor, Trading With Larry Benedict It’s hard to imagine a more perfect storm to drive gold prices higher. A conflict in the Middle East is spiraling out of control. Soaring energy prices are sure to spark rising inflation. And yet, gold prices are actually trading lower compared to just before the outbreak of war between the U.S., Israel, and Iran. Gold’s price is decoupling from its traditional drivers, and a new force is pushing gold around. That’s good news for traders who understand how to take advantage of gold’s volatility with an active approach. Let’s look at why gold is becoming subject to wild price swings – and the key levels you need to monitor… | Recommended Links
Red Alert Warning from Jeff Brown Jeff believes Nvidia is about to trigger a major crash on March 16. In fact, he says it's a "sure thing." During a special event this Thursday, March 12, at 2 p.m. ET, in you'll discover: - Why this upcoming crash is a feature of the AI boom, not a bug
- Why the recent volatility is just the beginning
- The name and ticker of a wildly popular AI stock that could crash
- The name of a pick that could see huge gains
- And more…
Click here to register with a single click >>>
(When you click the link, your email address will automatically be added to Jeff's guest list.)
This Backdoor Energy Play Beat Gold by 15x Gold has recently hit all-time highs, breaking above $5,500 for the first time ever – but one little-known energy play has seen 15x the return since the start of this year. It's all thanks to the incredible energy demands AI is putting on our country… No, it's not nuclear or oil… and it's got nothing to do with renewable energy. It's a bull market hiding in plain sight, and 40-year Wall Street veteran Larry Benedict has found one company at the heart of it all. It's the centerpiece of his full play for these unpredictable markets, with incredible upside potential. Click here for full details on this developing story.
| The Gold Meme Demand for gold has historically relied on its reputation as a store of value (given the difficulty of increasing the supply of gold). It serves as a safe haven during times of uncertainty. In times of inflation, currency debasement, rising debt, or all-out war, investors flock to gold. But gold’s traditional utility is being questioned amid its surging popularity. Institutional and retail investors alike have been buying gold at extreme levels that don’t make much sense. Physically backed gold ETFs saw a record $18.7 billion in inflows in January. That follows $101 billion in inflows in 2025 and pushes total assets in gold funds to a record $701 billion. Central banks are also boosting their allocations and hold over 20% of reserves in gold. That’s the highest allocation from central banks in over 20 years. As funds pour into assets tracking gold prices, it’s starting to drive the type of price swings you’re used to seeing in meme stocks. As I’ve shared on my podcast, the surge in gold buying has reached absurd levels, which makes it difficult to tell where it’s going next. Back in January, for example, gold prices saw a single-day decline of 12%. It was the largest daily loss in over 40 years. And earlier this year, a measure of gold price volatility hit its highest level since the pandemic. Happily, as rising volatility drives wild swings in gold, that’s boosting opportunities for short-term traders. Tune in to Trading With Larry Live 
Each week, Market Wizard Larry Benedict goes live to share his thoughts on what’s impacting the markets. Whether you’re a novice or expert trader, you won’t want to miss Larry’s insights and analysis. Even better, it’s free to watch. Simply visit us on YouTube at 8:30 a.m. ET, Monday through Thursday, to catch the latest. | Gold’s Key Trading Levels With no shortage of money flows and investor sentiment shifts to throw gold prices around, gold is becoming an ideal environment for traders targeting short-term reversals. Gold recently tested and rejected a key level, which is pointing us to trading opportunities. During the breakout of hostilities in the Middle East, gold prices rose back toward the record high around $5,500 per ounce seen earlier this year (box). 
(Click here to expand image) Gold sharply rejected that level back in January, so it has become a key place of resistance. The Relative Strength Index (RSI) also hinted that upside momentum was weakening. Although not a negative divergence in the strictest sense, the RSI was much lower (dashed line) on the retest near $5,500. That means $5,500 remains the key hurdle for gold prices on the upside. When it comes to support levels, on the other hand, keep a close eye on the 50-day moving average (MA – blue line). Gold has held above the 50-day MA since last August. It has rallied following a couple of tests of the 50-day area since then. As the 50-day MA rises toward the $5,000 level, that could become a key support zone in the weeks ahead. That provides us with important price resistance and support levels to watch for reversals over the near term. Of course, you should also look for the RSI to confirm any potential reversals, including momentum divergences with overbought and oversold levels, before entering into a trade. But gold seems poised to hand nimble traders fresh profits. Amid the burst of volatility rarely seen in the precious metal, it’s time for traders to take advantage. Happy Trading, Larry Benedict
Editor, Trading With Larry Benedict Free Trading Resources Have you checked out Larry’s free trading resources on his website? It contains a full trading glossary to help kickstart your trading career – at zero cost to you. Just click here to check it out. | | 
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