The strategist suggests that NVDA shares might stall without new highs in September. The stock has risen approximately 113% over 17 weeks, currently in a consolidation phase over the past four weeks. The stock is trading in a range between $165 and $184. A break below $167 could lead to a decline towards $161, but fundamentally, it remains a hold. Regarding gold, it has broken out of a range-bound period, exceeding $3,500. With real rates decreasing and the Federal Reserve expected to cut rates, the environment favors precious metals. Silver is outperforming gold as an industrial metal, offering portfolio diversification.