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Willem Middelkoop
Commodity Discovery Fund
First call on the ledger
No calls filed yet. Quotes in curly quotation marks are verbatim; everything
else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
Where they stand
Views on the record but not scoreable bets: no single number and deadline to grade. Shown in their exact words, never scored.
This Week In Focus; gold's correction nearly over, citing Chinese dip-buying.
I think this correction is almost over.
Gold since this was said: ▲ +8.1% · 4,049 → 4,375 · as of 2026-09-11
This Week In Focus; recounts 2015 Beijing anecdote that institutions beyond the PBOC hoard gold; argues true Chinese demand undercounted.
said, well, it's not just the Chinese central bank buying all this physical gold. We have two more very important government institutions who are also ho arding gold.
Gold since this was said: ▲ +8.1% · 4,049 → 4,375 · as of 2026-09-11
This Week In Focus; cites Deutsche Bank research concluding the gradual reset/revaluation is in its first innings.
that we're in this process, we're in actually the first innings of this process.
Gold since this was said: ▲ +8.1% · 4,049 → 4,375 · as of 2026-09-11
This Week In Focus; China bought 150+ tons in June alone, his evidence the correction is ending.
coming from China, China invested more than 150 tons of gold. They bought more than 150 tons of gold just in one month in June this year.
Gold since this was said: ▲ +8.1% · 4,049 → 4,375 · as of 2026-09-11
silver near-term. t0=0 cold-open montage; identical line recurs in the interview body - cut from the body only
“I wouldn't be surprised when silver goes back up to $100 in the next few months”
Silver since this was said: ▲ +9.6% · 58.66 → 64.31 · as of 2026-09-11
where the bull market ends. multi-year frame, ratio assumption stated on tape
“will not be over before we see $500 silver”
Silver since this was said: ▲ +9.6% · 58.66 → 64.31 · as of 2026-09-11
one more retest first. short-term retest inside an explicitly bullish frame
“I wouldn't be surprised to see gold going under 4,000 one more time”
Gold since this was said: ▲ +7.6% · 4,068 → 4,375 · as of 2026-09-11
macro backdrop for metals. STRENGTH corrected firm->hedged: conditional on a rate breakout he only sees developing
“the risks for sovereign debt crisis are starting to increase sharply”
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