Gold & Hard Assets
152 bullish · 27 bearish · 42 neutral · exact words, dated and sourced
+50Gold and hard assets as the debasement trade: decades to run, or already crowded?
The count, last 30 days: 43 bullish, 11 bearish. The tape leans bullish. A count, not a verdict.
The tape vs the talk
The line is Gold, last 90 days. Each dot is a claim as it landed on the tape: filled is bullish, outlined is bearish. Tap a dot to read it. Where the tape went after is context, not a verdict.
The tape
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Aug 24
Aug 31
Sep 07
bullishbearishclaims filed per week
What the people who move markets are saying about this, in their own words. These are views on the record, not scored bets: when a call here grows a number and a deadline, it moves to the scoreboard. Newest first.
Neutral
McGlone tells Lin that US corn yield expectations have collapsed from about 186 bushels to below 180 because of too much July rain (so corn prices are rising).
yields are expected in this country to be about 186 bushels. That was around a record. And now they're dropping below 180.
Gold since this was said: ▲ +0.2% · 4,364 → 4,375 · as of 2026-09-11
Bearish
McGlone tells Lin grains are sock puppets of crude oil and will drop if crude drops.
If crude oil drops, then the whole space and grains will drop too.
Gold since this was said: ▲ +0.2% · 4,364 → 4,375 · as of 2026-09-11
Neutral
McGlone tells Lin gold's 100-day correlation with the S&P 500 is about 0.52, near a multi-decade high.
The 100-day correlation with the S&P 500 breached almost a multi-decade high recently. It's around 0.52.
Gold since this was said: ▲ +0.2% · 4,364 → 4,375 · as of 2026-09-11
Bearish
McGlone tells Lin long-term gold is stuck in an enduring range, could easily fall back to 3,000 before it holds above 5,000, and Fed tightening is a bad environment for it.
So I stick with the, yeah, long-term gold is going to be in an enduring range.
Gold since this was said: ▲ +0.2% · 4,364 → 4,375 · as of 2026-09-11
Bearish
McGlone tells Lin gold has tilted into a bear market the way Bitcoin did a year ago and it is time to sell when they are yelling.
gold is tilted over to a bear market on the back of what Bitcoin did last year.
Gold since this was said: ▲ +0.2% · 4,364 → 4,375 · as of 2026-09-11
Bearish
McGlone tells Lin gold is 60% above its 60-month moving average, an extreme comparable to 1980 and the 2011 peak, and too expensive versus a 5% Treasury yield.
Now it's 60% above that average. That's the highest on a year end basis since basically almost 1980. It's very similar to the peak in 2011.
Gold since this was said: ▲ +0.2% · 4,364 → 4,375 · as of 2026-09-11
Bearish
McGlone tells Lin copper is an accident waiting to happen (crowded hedge-fund longs, inventories piled in CME warehouses) and asks whether the accident is starting.
I've been calling copper an accident waiting to happen. The question is, is the accident starting?
Copper since this was said: ▲ +1.1% · 6.47 → 6.54 · as of 2026-09-11
Neutral
McGlone tells Lin about 70% of major-exchange copper inventories, roughly 700,000 tons, now sit in CME warehouses because tariffs pumped up CME copper.
70% of global inventories of the major exchanges include CME, the Shanghai Futures Exchange and the LME are now in CME type warehouses. That's the highest ever. That's like 700,000 tons.
Copper since this was said: ▲ +1.1% · 6.47 → 6.54 · as of 2026-09-11
Neutral
McGlone tells Lin COMEX copper's 100-day correlation with the S&P 500 is about 0.62, a record for the contract since 1988, which he reads as a warning.
It's a hundred day correlation with the SMB 500 is about 0.62. That's the highest ever with the market going up in the history of that copper contract since 1988.
Copper since this was said: ▲ +1.1% · 6.47 → 6.54 · as of 2026-09-11
Bearish
Gary Wagner says absolute support sits at the 61.8% retracement / 50-day confluence, which would mean gold falling roughly another $100 from ~$4,400 if tested.
So that would be absolute support for me. And even if it did that, that would mean gold comes down another hundred dollars
Gold since this was said: ▲ +0.2% · 4,364 → 4,375 · as of 2026-09-11
Bullish
Gary Wagner says gold above its 50-day moving average is bullish short term but must hold about $4,400 and take out ~$4,760 before the longer-term bearish sentiment is overcome.
short term by virtue of gold's price being above the 50 day simple moving average tells me that on a short term basis, it's turned bullish, but on a long term basis, it still has to prove that it has the ability to find support roughly in this area at $4,400
Gold since this was said: ▲ +0.2% · 4,364 → 4,375 · as of 2026-09-11
Bullish
Gary Wagner says gold's base near $4,000 signals the potential for higher prices and the bear trend is possibly over.
But we definitely formed a base. And that, to me, signaled the potential for higher prices
Gold since this was said: ▲ +0.2% · 4,364 → 4,375 · as of 2026-09-11
Bearish
Gary Wagner says falling crude plus a second Fed hike in December on top of the expected quarter-point hike would turn him bearish on gold toward $4,000.
So if we saw crude beginning to move back down, if we saw the Federal Reserve do the anticipated quarter percent rate hike, but then follow that with another rate hike at their December meeting, that would do it too
Gold since this was said: ▲ +0.2% · 4,364 → 4,375 · as of 2026-09-11
Bullish
Wilson says gold and crypto are probably good hedges against an inflation overshoot
gold and crypto are probably good hedges against inflation getting out of bounds.
Gold since this was said: ▼ -0.9% · 4,416 → 4,375 · as of 2026-09-11
Bullish
Gave's allocation call: replace 60/40 with 60% equities, 20% energy, 20% metals on the infrastructure spending boom
now you need to be 60 equities, 20% energy, and yeah, 20% metals because the infrastructure spending boom that we are in the middle of
Gold since this was said: ▼ -0.9% · 4,416 → 4,375 · as of 2026-09-11
Bullish
Heath sees $4,000 as gold's floor with central bank buying underneath, says gold has broken its downtrend and is likely to go higher
I think 4,000 probably is the floor. I mean, it could go test that again. That's definitely not a potential for it to happen, but gold has broken its downtrend. It is consolidating.
Gold since this was said: ▼ -0.9% · 4,416 → 4,375 · as of 2026-09-11
Bullish
Heath says gold miners (GDX at ~20x trailing, decade low) have record margins, cheap multiples and light positioning, i.e. under-owned
You've got GDX trailing PE at 20X, which is about a decade low, and managed money net longs right now, or I think as of recently has just been around 43%.
Gold since this was said: ▼ -0.9% · 4,416 → 4,375 · as of 2026-09-11
Bullish
Heath says the gold-to-XAU ratio broke a 15-year consolidation, so mining equities should materially outperform the metal
We just saw that breakout, meaning that the mining equities are basically positioned to materially outperform the metal, which was completely different on the first run.
Gold since this was said: ▼ -0.9% · 4,416 → 4,375 · as of 2026-09-11
Bullish
Heath expects mining indexes to break to new highs on the next move up, well before gold does
but I think on the next move higher, it likely that they will, and they probably will break out to new highs well before gold does.
Gold since this was said: ▼ -0.9% · 4,416 → 4,375 · as of 2026-09-11
Bullish
Heath says sovereign rotation from Treasuries into gold is a long-term trend with ~$9T of foreign-held Treasuries still to move; he does not expect it to stop
There's still another $9 trillion of US Treasuries sitting on foreign central banks balance sheet. So there's still a lot that has to be moved.
Gold since this was said: ▼ -0.9% · 4,416 → 4,375 · as of 2026-09-11
Bullish
Heath says royalty and streaming companies are well placed for the next gold cycle as higher cost of capital pushes miners to royalty financing (talking his book)
And royalty, I think companies are gonna be very well placed in general for the next few years as we move into this next cycle with gold.
Gold since this was said: ▼ -0.9% · 4,416 → 4,375 · as of 2026-09-11
Bullish
Evy Hambro (BlackRock) tells Bloomberg copper prices will keep rising over time as paper currencies lose value; his focus is producer margins.
So we will see these price changes continuing. The key for us though as investors in the companies is what does that do for the margins of the producers.
Copper since this was said: ▼ -3.0% · 6.74 → 6.54 · as of 2026-09-11
Bullish
Hambro says gold is the major beneficiary of governments' loss of purchasing power and that trend continues for the foreseeable future.
Gold is a major beneficiary of that because it's preserved purchasing path for decades if not you know hundreds if not thousands of years. And I think that trend is going to be with us for the foreseeable future.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Hambro says central banks are under-owned in gold as a reserve asset and will keep correcting that, since euros and gilts are poor alternatives to Treasuries.
gold is a is a natural one. And so I think the under ownership of gold as a reserve asset by central banks globally you know is something that's going to be corrected and we're seeing that take place.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Brien Lundin tells Kitco generalist investors coming into gold mining stocks is just a matter of time and not much longer, now that central banks have made gold respectable.
The central banks have made it respectable. So I think it's just a matter of time and it's not that much longer.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Neutral
Brien Lundin tells Kitco there will be no meaningful gold supply response to high prices for another four or five years because that is how long a mine takes to build.
And I don't think we'll see a supply response to these high prices for another four or five years or so down the road, because that's how long it takes to get a mine into production.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Brien Lundin tells Kitco China's increased gold purchases reflect an opportunistic buyer calling the end of this correction.
they're increasing the amount of purchases. I think that's more reflective of the end of this correction and trying to get the best prices that they can because they have historically been opportunistic buyers.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Neutral
Brien Lundin tells Kitco central bank buying has evolved from the driver of the gold market to a support beneath it, with Western traders now setting the short-term price.
So I think that as the gold price continues to rise, and we've seen this already, that central bank buying has evolved from being a driver of the market to a support below the market.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Brien Lundin tells Kitco silver and mining equities still have much further to run and remain a generational opportunity.
Now, I think today we're seeing the participation from equities in silver, obviously, but they still have much, much further to run. And they still represent what I think is really a generational opportunity.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Brien Lundin tells Kitco junior gold explorers offer tremendous upside now because they are the last part of the sector to move.
a lot of opportunity, but right now the explorers, I think, offer tremendous upside because they are going to be the last to move.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Brien Lundin tells Kitco in a couple of years today's record copper prices will look like discounts.
In a couple of years, today's record prices for copper will look like discounts. And we'll be kicking ourselves. We're not buying at these prices.
Copper since this was said: ▼ -3.0% · 6.74 → 6.54 · as of 2026-09-11
Bullish
Brien Lundin tells Kitco mining OpEx is rising with diesel but gold is outpacing it, so gold miner margins are still expanding.
but OpEx is rising right now as the diesel price goes up, but the gold price is still outpacing it and margins are still expanding.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Brien Lundin tells Kitco the big gold producers have three-, four-, even five-times upside from current levels if they get valued correctly.
But I think that the big producers have three, four, even five X potential from these levels, if they get valued correctly.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Brien Lundin tells Kitco gold getting back over $5,000 by the end of 2026 is still a pretty good bet.
I don't think we're going to need as big of a speculative rally, a furious rally, as we saw at the beginning this year, to get back over 5,000. So I think that's still a pretty good bet by the end of this year.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Brien Lundin tells Kitco the gold trend remains upward with a whole lot more to go in this bull market, and investors have to be in it.
But I think we can easily recognize the trend and that remains upward. I think we have a whole lot more to go in this bull market. And you have to be invested in this. It is the opportunity of our careers.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Peter Schiff reads copper's record high as a leading indicator that other commodities, including gold, are heading higher.
Copper is at a new all-time record high today and I think that's a good leading indicator of where other commodities are going, including gold.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Peter Schiff expects gold, about $4,400 at taping, to trade well above its January-February 2026 high of roughly $5,500 during 2027.
We got to $5,500 in January, February. I think we're going to go a lot higher than that in 2027.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Peter Schiff tells retail viewers $4,400 gold is a buying opportunity: support around $4,000, roughly 10% downside against a potential double or triple.
I think that the support is around 4,000. So the downside risk, realistically, in my mind, is only about 10% if you buy gold here.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Peter Schiff, massively overweight gold and silver miners, expects their strong run of the last few years to continue.
But for the last few years, it's been really good. And I expect that to continue.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Bullish
Peter Schiff tells a retail investor to hold 10% to as much as 20% in physical precious metals, ~20% short-term foreign bonds, the rest in foreign stocks, zero US stocks.
I would say that people should have 10% to maybe even as much as 20% in physical precious metals.
Gold since this was said: ▼ -0.4% · 4,394 → 4,375 · as of 2026-09-11
Neutral
Bensignor says gold is stuck consolidating after a 30% selloff and partial recovery; no imminent new highs, but the low of two months ago is probably solid.
sold off 30% we've got about half of it back I think we're stuck now for a bit of time in between we're not gonna go just scream up to new all-time highs but I think the load that was made two months ago is probably a solid low
Gold since this was said: ▼ -1.2% · 4,430 → 4,375 · as of 2026-09-11
Bullish
Bensignor says if gold breaks to new all-time highs his upside target is ~15% above the prior high, about 588 in GLD.
if gold pushes to new all-time highs my upside target would be about 15% above the all-time high GLD terms that's up at 588
Gold since this was said: ▼ -1.2% · 4,430 → 4,375 · as of 2026-09-11
Neutral
Bullard says some foreign central banks have been diversifying reserves away from Treasuries toward gold.
There certainly have been banks that have been diversifying away from treasuries.
Gold since this was said: ▼ -1.2% · 4,430 → 4,375 · as of 2026-09-11
Neutral
Bullard says gold acts as an indicator of eroding faith in the Fed: gold runs up when Fed credibility is questioned.
gold still is an indicator of maybe lack of faith in the Fed. So normally you'll get gold running up if that credibility is being eroded.
Gold since this was said: ▼ -1.2% · 4,430 → 4,375 · as of 2026-09-11
Bullish
Phil Streible (Blue Line Futures) says he trimmed client gold/silver exposure before the hawkish-Fed pullback and now sees the pullback as a good entry for sidelined clients.
So we did reduce a lot for clients here and a lot of clients that were waiting on the sidelines. It's a great opportunity with this pullback here.
Gold since this was said: ▼ -1.2% · 4,430 → 4,375 · as of 2026-09-11
Bullish
John Fenwick (Fenwick Consulting) tells Kitco 17%+ of his portfolio is in tungsten equities (e.g. KZR, WSRIF) because there is no ETF or futures market and a multi-year deficit.
And so seventeen plus percent of my portfolio right now is in tungsten
Gold since this was said: ▼ -1.2% · 4,430 → 4,375 · as of 2026-09-11
Neutral
Fenwick predicts the US will start building critical-mineral refineries and smelters over the next couple of years.
But my thesis is that the U.S. will start building refineries, smelters, things like that over the next couple of years
Gold since this was said: ▼ -1.2% · 4,430 → 4,375 · as of 2026-09-11
Neutral
Bullard says the US should mark its gold reserves to market rather than carry them at the $42 statutory price.
So it's always pretty much always better to mark to market and not have the book value misrepresenting what's really going on.
Gold since this was said: ▼ -1.2% · 4,430 → 4,375 · as of 2026-09-11
Neutral
Rule tells David Lin gold's mid-2026 weakness was simply a function of higher US interest rates.
I would suggest that the weakening that we saw in the gold price mid-year was a function of higher US interest rates. Simple as that.
Gold since this was said: ▼ -4.8% · 4,598 → 4,375 · as of 2026-09-11
Bullish
Rule tells Lin that, as in the 1970s and not since 1981, gold can rise alongside nominal yields because real rates are negative now (8 to 9% debasement versus a 5.6% long bond).
We haven't seen that circumstance in the market since 1981. But I would suggest to you that we're seeing precisely that in the market now
Gold since this was said: ▼ -4.8% · 4,598 → 4,375 · as of 2026-09-11
Bearish
Rule tells Lin the hyperbolic gold chart and momentum buying make him concerned for the very near term in gold.
That chart that you show, that hyperbolic chart, always scares me.
Gold since this was said: ▼ -4.8% · 4,598 → 4,375 · as of 2026-09-11
Bullish
Rule tells Lin that if policy keeps signaling the dollar's sanctity is of no concern he will move savings from dollars into gold.
If our government continues to signal to savers like myself that the sanctity of the dollar is of no concern, I'll have no choice but to increase my level of gold savings and decrease my level of dollar savings.
Gold since this was said: ▼ -4.8% · 4,598 → 4,375 · as of 2026-09-11
Bullish
Rule tells Lin that for himself he prefers gold miners to bullion for their leveraged earnings response to the gold price.
But for me, I like the miners more. I'm willing to do the work.
Gold since this was said: ▼ -4.8% · 4,598 → 4,375 · as of 2026-09-11
Bearish
Rule tells Lin that someone like him with 18 to 20% of the portfolio in gold stocks might take some profits in GDX after its run from 70 to 105.
If you are someone like me with between 18 and 20 percent of their portfolio in gold stocks, this might be a time to sell some.
Gold since this was said: ▼ -4.8% · 4,598 → 4,375 · as of 2026-09-11
Neutral
Rule tells Lin only 10 to 15% of junior listings can deploy raised capital productively; the rest waste it on G&A.
I would caution you, however, that at least in the junior space, probably only 10 or 15 percent of the listings are capable of doing that.
Gold since this was said: ▼ -4.8% · 4,598 → 4,375 · as of 2026-09-11
Bullish
Rule tells Lin that if gold holds current levels the financing window is wide open and October 2026 could be a spectacular month for mining financings.
my suspicion is if the market keeps going like this, that October could be a spectacular month indeed for financings.
Gold since this was said: ▼ -4.8% · 4,598 → 4,375 · as of 2026-09-11
Neutral
Rule tells Lin his earlier 2026 call that a weakening economy would cap copper was dead wrong.
I expected the increase in the copper price to be moderated by what I saw as a weakening economy. That hasn't happened. I was just dead wrong.
Copper since this was said: ▼ -0.9% · 6.59 → 6.54 · as of 2026-09-11
Bearish
Rule tells Lin copper is not an AI play; higher interest rates should penalize copper because traders' inventories are rate sensitive.
Higher interest rates should penalize copper because holding copper in inventory on commodity traders' books is very interest rate sensitive.
Copper since this was said: ▼ -0.9% · 6.59 → 6.54 · as of 2026-09-11
Bullish
Rule tells Lin he is adding to physical gold, price insensitive, buying at $4,700 though he would have preferred $4,000.
I am adding to my position physical gold because that's what I do.
Gold since this was said: ▼ -4.8% · 4,598 → 4,375 · as of 2026-09-11
Neutral
Rule tells Lin he sold 80% of his physical silver in January 2026 when the chart went hyperbolic and has not bought it back.
In fact, as you know, I sold 80% of my physical silver.
Silver since this was said: ▼ -5.4% · 67.99 → 64.31 · as of 2026-09-11
Neutral
Rule tells Lin silver at $68 is not hated but less loved: holders are bored and some are afraid.
People are bored of silver right now. Some silver holders are afraid of silver.
Gold since this was said: ▼ -4.8% · 4,598 → 4,375 · as of 2026-09-11
Bullish
Todd Horwitz is long gold and Bitcoin and expects both to keep rising, but would not chase here and expects a pullback first.
So I've been long those products since you and I have talked over the last couple of months, and I think that they're gonna continue to go higher.
Bitcoin since this was said: ▼ -1.0% · 77,712 → 76,930 · as of 2026-09-11
Bullish
Todd Horwitz says gold is due for a small pullback after two $115 up days but he remains bullish and would buy a better entry.
So I think that's probably due for a little bit of a pullback. It's not that I'm not bullish, it just means that I would look for a better entry if I were going to be a buyer.
Gold since this was said: ▼ -5.7% · 4,641 → 4,375 · as of 2026-09-11
Bullish
Todd Horwitz expects money to rotate from gold into silver, which is still down about 44% from its all-time high.
but I think the lesser buyers and the poor man's gold, they'll start participating and start to step into silver here.
Silver since this was said: ▼ -6.2% · 68.54 → 64.31 · as of 2026-09-11
Bullish
Tim Waterer (KCM Trade) is structurally bullish gold: easing oil and dollar could take it above 4,500, with 5,000 a stretch this year but possible in Q1 2027.
So I think if we did get some reprieve on the oil and dollar front, that could open the avenue higher for gold above 4500. 5000 could be a bit of a stretch this year, but perhaps in Q1 2027.
Gold since this was said: ▼ -0.1% · 4,380 → 4,375 · as of 2026-09-11
Bullish
K.T. McFarland (former deputy national security advisor) tells Fox Business that if Russia and Ukraine, the top two grain exporters, cannot get their grain to market, grain prices will spike sharply.
If they're not getting their goods to market, that means you're gonna see a big spike in prices of grain.
Gold since this was said: ▼ -0.1% · 4,380 → 4,375 · as of 2026-09-11
Bullish
Clem Chambers says gold and silver are good long-term buys at current prices for savers who dollar-cost average, as an inflation hedge, even if they can be bought cheaper first.
Gold and silver are good at these prices. I mean, you might be able to buy a lot cheaper, but in the long run, you'll get a good return.
Gold since this was said: ▲ +0.3% · 4,364 → 4,375 · as of 2026-09-11
Bearish
Clem Chambers says gold reaching $6,500 by Christmas 2026 is extremely unlikely and it is more likely to curve over and drop from ~$4,400.
it's going to go to six and a half thousand by Christmas, I think that's extremely unlikely. I think it's more likely to curve over and then drop off again.
Gold since this was said: ▲ +0.3% · 4,364 → 4,375 · as of 2026-09-11
Bullish
Clem Chambers says he would buy investment platinum now, finds palladium uninteresting, and does not want investment gold at the moment.
I would get into investment platinum. That's looking quite interesting. And palladium not looking so interesting, but platinum is looking interesting.
Gold since this was said: ▲ +0.3% · 4,364 → 4,375 · as of 2026-09-11
Bullish
Bill Campbell (DoubleLine) tells Bloomberg that non-dollar and commodity-linked fixed income offers value over the coming years because the AI investment and debt boom will lift commodity demand.
the non-dollar and commodity spaces, you know, offer potential value over the coming years.
Gold since this was said: ▼ -0.8% · 4,409 → 4,375 · as of 2026-09-11
Neutral
Jin Hennig (CME Group) tells Bloomberg that CME's new 24/7 one-ounce gold futures traded over $200 million notional across three weekends, mostly retail, which is why CME is launching a 24/7 silver contract in September.
we have over the past three weekends alone, we have traded over $200 million in notional value, especially coming from a lot of retail interests.
Gold since this was said: ▼ -0.8% · 4,409 → 4,375 · as of 2026-09-11
Neutral
Sam Unsted of Bloomberg tells the anchor gold near $4,400 is trading out of step with its traditional drivers, moved by oil and the Fed with more day-to-day volatility.
But gold is still in some respects trading in a way that's if you go back a couple of years completely out of step with its traditional view.
Gold since this was said: ▼ -0.2% · 4,383 → 4,375 · as of 2026-09-11
Bullish
Robert Kiyosaki tells his audience silver is becoming the most strategically important metal as supply shrinks and trust in the dollar erodes, with China, India and Russia stockpiling.
Silver is becoming the most strategically important metal on planet earth at the exact moment the supply is disappearing at the exact moment trust in the dollar is Disappearing
Silver since this was said: ▼ -0.7% · 64.77 → 64.31 · as of 2026-09-11
Bearish
Robert Kiyosaki tells his audience silver ETFs are fake paper, not silver, and they should hold physical coins.
Let me say this plainly if you have silver ETFs You do not have silver All you have is fake paper
Gold since this was said: ▼ -0.2% · 4,383 → 4,375 · as of 2026-09-11
Neutral
Robert Kiyosaki tells his audience India imported over 900 million ounces of silver in the last five years, evidence of state-level accumulation.
in the last five years India imported over 900 million ounces of silver
Gold since this was said: ▼ -0.2% · 4,383 → 4,375 · as of 2026-09-11
Neutral
Robert Kiyosaki tells his audience less than 1% of American wealth is allocated to precious metals while foreign governments stockpile silver.
Less than one percent of american wealth is allocated to precious metals
Gold since this was said: ▼ -0.2% · 4,383 → 4,375 · as of 2026-09-11
Bullish
Robert Kiyosaki tells his audience he is still calling for silver to reach $200 an ounce, while allowing he could be wrong.
I am still calling for silver to hit $200 an ounce could I be wrong sure?
Silver since this was said: ▼ -0.7% · 64.77 → 64.31 · as of 2026-09-11
Neutral
Gary Evans tells Bloomberg US Antimony holds a $245 million contract to supply the military, while Alaska permitting delays hold up its new mine.
We have a $245 million contract to fulfill the needs of the military.
Gold since this was said: ▲ +0.3% · 4,362 → 4,375 · as of 2026-09-11
Neutral
Gary Evans tells Bloomberg China controls about 85% of world antimony reserves and close to 90% of tungsten reserves, leaving the US playing catch-up.
For Antimony, they own 85% of worldwide reserves. For Tungsten, it's close to 90% of worldwide reserves.
Gold since this was said: ▲ +0.3% · 4,362 → 4,375 · as of 2026-09-11
Bullish
Rich Dad Radio cold open; China, India, Russia quietly buying silver simultaneously.
Three governments, nearly half the people on planet Earth, all quietly grabbing the same shrinking metal at the same time.
Gold since this was said: ▲ +0.8% · 4,341 → 4,375 · as of 2026-09-11
Bullish
Rich Dad Radio; governments do not accumulate something worthless.
Now governments don't move like that for something worthless.
Gold since this was said: ▲ +0.8% · 4,341 → 4,375 · as of 2026-09-11
Neutral
CNBC; tariff policy and anticipation of more tariffs driving copper.
absolutely. Policy is very important right now, particularly in terms of tariffs and anticipation of additional tariffs. I would add to that
Gold since this was said: ▲ +0.8% · 4,341 → 4,375 · as of 2026-09-11
Bullish
CNBC; geopolitics + policy + structural demand behind copper's 50% YTD rise.
what's behind it. It's this combination of geopolitics, policy, and demand that is behind this 50% increase in prices since the beginning of the year.
Gold since this was said: ▲ +0.8% · 4,341 → 4,375 · as of 2026-09-11
Bullish
CNBC; ~17 years to bring a new copper mine online; persistent supply gap.
analysis, it's like 17 years to bring on a big new copper mine, you just have a gap. But as you say, at
Gold since this was said: ▲ +0.8% · 4,341 → 4,375 · as of 2026-09-11
Bullish
CNBC; sees copper demand potentially +50% by 2040.
one just sees as we do that there might be a 50% growth in demand between now and 2040, which is
Gold since this was said: ▲ +0.8% · 4,341 → 4,375 · as of 2026-09-11
Bullish
Goldman year-end gold target 4900, nearly 1000 upside from the tape. EVENT: will, dated year-end.
We expect gold prices at $4,900 at the end of this year. So just under $1,000 of upside be
Gold since this was said: ▲ +8.5% · 4,034 → 4,375 · as of 2026-09-11
Bearish
The 5000-gold top-caller stays bearish at ~4100; wants 3000 before 5000; cycle high behind us.
Right now, I'm still bearish gold. I'll probably put out a really bearish comment if we get to near the 200 day mover and everything, give us a bounce.
Gold since this was said: ▲ +8.1% · 4,049 → 4,375 · as of 2026-09-11
Bearish
Silver to ~50 first key level, decades-long range. EVENT: will.
So I fully expect silver is going to get stupid, cheap, as stupid expensive as it got. 50 is kind of the key first level to kind of knock around.
Gold since this was said: ▲ +8.1% · 4,049 → 4,375 · as of 2026-09-11
Bearish
Copper toward 5 on a normal equity correction; metals are sock puppets of stocks.
I fully expect it to be more likely to head towards five than stay much above these levels, particularly if you get a normal correction to stock market. That's a problem. My headline for last month's commodity outlook for industrial metals and metals were they're sock puppets, the US stock market.
Gold since this was said: ▲ +8.1% · 4,049 → 4,375 · as of 2026-09-11
Bullish
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
Bullish
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
Bullish
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
Bullish
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
Bullish
his gold year-end range
“we're probably going to be in the 4,400 to 4,600 dollar range by the end of the year”
Gold since this was said: ▲ +6.7% · 4,100 → 4,375 · as of 2026-09-11
Bullish
his supply-squeeze call
“we're going to have copper prices over $8 within a few years”
Copper since this was said: ▲ +1.4% · 6.44 → 6.54 · as of 2026-09-11
Bullish
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
Bullish
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
Bearish
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
Neutral
consolidation zone. same sentence carries the conditional 5,000 scenario
“it'll hold us around that 4,000 level”
Gold since this was said: ▲ +7.6% · 4,068 → 4,375 · as of 2026-09-11
Bullish
conditions for the next leg. explicitly conditional; base case is the 4,000 hold
“moving in towards this 5,000 level”
Gold since this was said: ▲ +7.6% · 4,068 → 4,375 · as of 2026-09-11
Bullish
central-bank demand thesis. t0=5s preview montage; body version is the one to cut; note it is not a dollar-collapse claim
“There's no viable alternative to the dollar and the dollar-based assets other than gold”
Gold since this was said: ▲ +7.6% · 4,068 → 4,375 · as of 2026-09-11
Bullish
gold cycle view after pullback. same appearance announces his Novagold co-chairmanship - book disclosed
“early stages of a long-term bull market for gold”
Gold since this was said: ▲ +5.5% · 4,147 → 4,375 · as of 2026-09-11
Bullish
gold as reserve asset. trend claim (is becoming); book disclosed as above
“the most sought after reserve currency in the world, replacing fiat currencies”
Gold since this was said: ▲ +5.5% · 4,147 → 4,375 · as of 2026-09-11
Bearish
He calls the silver run a burst bubble with more downside: 'The floor of the basement is forty bucks or thereabouts' @1:53, and expects to start 'picking up some bars' under $50 'sometime this year' @2:45. Host recap at 36:41 repeats the targets; teaser duplicate of his sell-the-top boast at 0:43.
“the good news is we're getting near to the bottom now and I see forty to fifty as being the bottom. So the roof of the basement is fifty bucks.”
Silver since this was said: ▲ +9.3% · 58.84 → 64.31 · as of 2026-09-11
Bearish
With spot around $4,000 he sees the bottom near $3,500: 'you're brave if you're buying it now, but you're not brave if you're buying it at three and a half thousand' @3:28, and at $3,000 'you'll be lucky to get it that low' @3:43. Host recap at 36:41 repeats the number.
“And for gold, that's probably three and a half thousand dollars. It could be a little bit lower. So go three and a half thousand as a place where it starts to get interesting”
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Bullish
After the bottom he expects a long sideways phase, 'it could be a couple of years' @3:06, then a big rise; the AI buildout is 'going to be massively inflationary because they're going to have to print like no tomorrow to fund it all' @18:52, which he says speaks to silver and gold.
“what happens really long term, obviously, it's going to go up a long way because we're about to go into a seriously inflationary period.”
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Bearish
His 'gold is for war' framework: governments stockpile gold before conflict, so when Xi 'and the PLA fell out with each other' @9:35 and a Taiwan invasion was shelved, 'gold is just lost a very, very powerful use case' @13:17. He argues this, not Fed policy, ended the vertical.
“Then gold falls. And that's what I believe we saw back in the beginning of the year. China went right, we're not we're not going to invade Taiwan next year in May. And that was it.”
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Bullish
Says gold went through 'a one in a hundred year event in q1' and was overheated; oil has 'stolen a lot of that geopolitical premium from gold' (@82:15) and hawkish higher-for-longer Fed talk is a headwind. Cites China: to reach a 30% gold allocation it would have to repeat June's monthly purchases 'For 33 years' (@83:31) - 'this is secular' (de-dollarization, debasement, diversification).
“come back down. Um, we still believe the secular trade is there It's just simply taking a bit of a breather”
Gold since this was said: ▲ +9.1% · 4,010 → 4,375 · as of 2026-09-11
Bullish
Conditional on a second-half US economic slowdown reviving the 'sell usa theme' and weakening the dollar (@86:30). Also flags decade-long mine underinvestment: critical metals 'sitting in deficits' (@84:59).
“Dollar traditionally silver's been better correlated to weaker u.s Dollars, I think silver can sort of outperform”
Silver since this was said: ▲ +13.2% · 56.80 → 64.31 · as of 2026-09-11
Bearish
Wedge favors one more downside flush; a buyer below 4,000; long-term mega-bull.
“there might be one final flush down to about the 3,500 level, but basically anything below 4,000, I'm starting to look at it very attractively as a buy.”
Gold since this was said: ▲ +9.0% · 4,013 → 4,375 · as of 2026-09-11
Neutral
Asked whether $4,000 gold is a market bottom, Cook frames it as a battle over Fed policy ('does the Fed have to raise rates due to inflation or they have to lower them' @15:54) and central-bank treasury selling, then gives a one-year range call. Gold is repeatedly established on tape as trading about $4,000, down from a $5,000 top. Teaser duplicate of this line at 0:00.
“I personally, I'm expecting gold to jump around within $500 of where it is right now for the next year.”
Gold since this was said: ▲ +9.0% · 4,013 → 4,375 · as of 2026-09-11
Bullish
His stated basis: 'There's a deficit in copper production coming' @5:05 and central banks buying gold while selling Treasuries; 'So I think the outlook for gold looks very strong' @5:15. This is the premise for his whole junior-miner stock-picking framework.
“I'm still looking at the long term, I think, you know, the gold and silver and copper prices have got to go up. And I mean that over the long term, the next few years.”
Gold since this was said: ▲ +9.0% · 4,013 → 4,375 · as of 2026-09-11
Bullish
Answer to whether record copper above $6 a pound looks frothy or justified. He ties the demand to 'the infrastructure build-out for all the energy that it's going to take to power AI plus everything else' @27:30, and adds 'I think neutral through the end of the year... certainly looking further out, yeah, it looks pretty strong' @27:49.
“It might be frothy right now, but if I look two years out, it's cheap.”
Copper since this was said: ▲ +5.1% · 6.22 → 6.54 · as of 2026-09-11
Bullish
He cites gold's peak 'at about uh fifty five hundred dollars an ounce' and silver at 'one sixteen an ounce' @3:40, with 'silver falling back to about sixty dollars an ounce or basically cutting in half is where we would get more interested again' @3:54. They are acting on it: 'now we've been building it back up towards about that average 10 percent' of the high-income strategy @4:53, and 'the energy and precious metal space uh look pretty attractive' @28:24.
“we always kind of had a range of with gold falling back to about four thousand dollars would be where we start to get a lot more interested again”
Gold since this was said: ▲ +9.0% · 4,013 → 4,375 · as of 2026-09-11
Bearish
Gold has broken and closed below the $4,000 floor he had given a 60-70% chance of holding. Conditional on follow-through selling below the October bottom near 3932. Later refined: 'the fact that it's closing near the low potential support comes in around 3920' @19:13, and he calls the chart 'a textbook example of a market under pressure' @17:23 with lower highs and lower lows from the 5600-area record.
“I'm going to base my revised support at around 3,900 on the low end”
Gold since this was said: ▲ +9.0% · 4,013 → 4,375 · as of 2026-09-11
Neutral
Direct answer to host: 'earlier this year your wave model... pointed to kind of $6,000 gold last month you softened it saying the top might already be around 5600... is 6,000 still a real year-end target or is that called changed for you' @15:02-15:19. He explains via his ship/captain analogy that models must recalibrate when policy fundamentals change - here, the rate-hike talk. An explicit on-tape reversal of a prior price target.
“that call has to change remember I create models and look for certain activities based on past performance”
Gold since this was said: ▲ +9.0% · 4,013 → 4,375 · as of 2026-09-11
Neutral
'everybody got like super bullish right at the top' @10:27. Reads the metals stall plus the Fort Knox audit noise as the market saying the dollar is strong despite $39T+ debt; watch the dollar under 100: 'that might actually flip back more into the medals.' @11:18. Whisper renders 'metals' as 'medals' throughout: kept verbatim.
“I was bullish for years, and I am flat in the medals, which I have been for months now. Do I think they could bottom? Yeah.”
Gold since this was said: ▲ +9.0% · 4,013 → 4,375 · as of 2026-09-11
Bullish
Direct answer to Maggie Lake's 'Do you think gold has found a bottom here, or is there more downside ahead?' @3:54. Support: 'there's a stubbornness in terms of any kind of downward pressure on silver and gold prices' @4:03 and 'the smartest of people are reloading with more gold and silver like the Chinese are' @4:23. Follows the post-Warsh-nomination crash he calls 'a hit job on precious metals' @0:57. Teaser duplicate at 0:17.
“Well, there could be more downside ahead, but I think it looks like a bottom to me.”
Gold since this was said: ▲ +9.8% · 3,986 → 4,375 · as of 2026-09-11
Bullish
The 'steering currents' are the dollar, interest rates and Fed-policy expectations that currently favor rate hikes. Timing: 'that's what I'm expecting over the next, I don't know, couple of months. It's been hard to time.' @7:47. He expects the Fed to push rates lower or compress real rates, flipping speculators back into gold and changing market sentiment.
“So I think those steering currents that speculators are paying attention to are going to be reversed. Instead of being against the gold price, it's going to be for the gold price”
Gold since this was said: ▲ +9.8% · 3,986 → 4,375 · as of 2026-09-11
Neutral
Sold the bulk of his gold/silver STOCKS on his across-the-board trigger system after the January peak (~$1,300 above current); still holds all bullion; 'less high is not low, lower is not low'; gold ~$4,000 'not really low'
“the fact is, I'm about 80% in cash.”
Gold since this was said: ▲ +8.2% · 4,044 → 4,375 · as of 2026-09-11
Bullish
Restates the base case on fresh tape; 2020's consolidation at $2,000 lasted three years; 2011/1980 chart similarities 'imprudent to ignore'; a 50-60% drawdown from the 5,600 peak = sub-3,000 is his unconditional buy
“My base case right now is actually a period of correction and consolidation and the next big move will be higher. That is my expectation. Not my prediction.”
Gold since this was said: ▲ +8.2% · 4,044 → 4,375 · as of 2026-09-11
Bullish
'gold is starting to find support around $4,000' (@4:29); the dollar 'has been very strong. I think it's due for a pullback' (@4:32); 'these are some of the most hated assets in the market... I love buying the hated stuff' (@4:48).
“And if anything less than the extreme hawkishness that's expected by the Fed materializes, I think gold and bonds are going to be very strong.”
Gold since this was said: ▲ +8.2% · 4,044 → 4,375 · as of 2026-09-11
Bullish
Calls it 'the revenge of the old economy' (@8:00) and the 'halo' trade - hard assets, local operations (@8:20); mining capex down 35% from peak (@10:57); 'all of this is the de-globalization theme in process, which just leads to higher commodity prices' (@8:50). Conditional growth warning: 'you don't have the products, you don't have the oil, it will hit growth' (@10:00).
“You know, I was arguing before this ever happened, we were going to enter a new area where all commodity prices, whether it's oil, metals, agriculture, and the rest of them are going to be structurally higher.”
WTI crude since this was said: ▲ +25.2% · 79.60 → 99.65 · as of 2026-09-11
Bullish
On the June 24 drop to $4,000 he alerted readers 'that really felt like capitulation. Don't know if that was the bottom, but it sure felt like one' @1:37; seasonality 'usually mid-July to mid-August at the gold price bottoms' @1:08, and he expects 'a stronger fall' @2:16.
“You know, we put a little breathing room between $4,000 and us. That seems to be a pretty good floor for the price right now. So I'm optimistic.”
Gold since this was said: ▲ +8.2% · 4,044 → 4,375 · as of 2026-09-11
Bullish
He models this bull from a base 'probably about $1,050 and the base set in 2015' @4:17; 'Earlier this year, I would have said six to eight months' to get there @4:41. At $6,000 to $8,000 'I'm going to be pretty cautious going forward' @11:02; a 1970s-style 24x projection to the mid-20-thousands would imply a monetary reset he is 'not predicting' @12:07.
“if you project other markets to 70s, the 2000s, then we should get to $6,000 to $8,000 at the end of whatever this cycle is.”
Gold since this was said: ▲ +8.2% · 4,044 → 4,375 · as of 2026-09-11
Bullish
He is describing generalist investors returning from 'the summer doldrums' @14:54 after Labor Day and finding they 'missed those gains through sheer inattention' @15:14; miners are down about 40% from highs and 'Asia is buying. China is buying. Central banks are buying' @14:21.
“they're going to look back and they're likely going to see the gold price up 5 or 10 percent. These mining stocks up 20 or 30 percent”
Gold since this was said: ▲ +8.2% · 4,044 → 4,375 · as of 2026-09-11
Bullish
He adds 'one day two weeks ago, we actually had zero bullish' @1:48. Host paraphrase (not on tape verbatim): Day 'told me gold could break its last low and fall towards $3,600 before this is done' @2:03, so he is not promising a straight line.
“The negative sentiment on gold equities among the broader investment public right now is, and I say this literally, the worst sentiment I have ever seen in my 50 years managing money in any sector at any time.”
Gold since this was said: ▲ +8.2% · 4,044 → 4,375 · as of 2026-09-11
Bullish
He frames the shift as structural: 'Gold now has surpassed US Treasuries' in central bank holdings @2:23, though 'it hasn't surpassed, you know, US dollars if you look at all types of dollar investments' @2:26.
“gold represents, what, 23 to 25 percent based on the World Gold Council of central banks holdings. So, you know, that's different. We're finding central banks continuing to buy.”
Gold since this was said: ▲ +8.2% · 4,044 → 4,375 · as of 2026-09-11
Bullish
Her clip: 'a rise in gold price is an indication of the failing currency. And if you get that, once you get that, well, frankly, you start to make different choices' @2:48.
“You need to think about gold and silver as money and not a trade.”
Gold since this was said: ▲ +8.2% · 4,044 → 4,375 · as of 2026-09-11
Bullish
On the roughly 50% crash from $121 he says 'the whole system was really on the verge of breaking' @4:01. At $4,000 gold his 8-to-1 mining ratio implies about $500 silver. Host paraphrase (secondhand): asked if triple-digit silver happens again, 'his answer was simple, absolutely. He just won't say when' @4:31.
“You know, we mine eight to one. So for everyone else in gold, eight ounces of silver is being mined worldwide by the mining industry. So divide the current gold price by eight, and that should be the silver price.”
Silver since this was said: ▲ +12.6% · 57.11 → 64.31 · as of 2026-09-11
Bullish
Answering conference-goers asking 'what do you think of Nvidia?' @4:47. Host relays his reasoning: 30 years of underinvestment 'meeting a world that wants more of everything, you can't fix that in a hurry' @4:55. Earlier he says symposium attendees are 'greedy', conditioned to see 'soft markets are sales' @1:15.
“The truth is, I don't think of it at all. I can't spell it. I understand copper.”
Copper since this was said: ▲ +3.8% · 6.29 → 6.54 · as of 2026-09-11
Bullish
Gold holding ~$4,000; tourists washed out of the trade
“coming to the end of the consolidation era”
Gold since this was said: ▲ +7.7% · 4,061 → 4,375 · as of 2026-09-11
Bullish
Recorded Tuesday Jul 14 after a cooler 3.5% CPI print, with gold rebounding to ~$4,062 after touching ~$3,990. He cites a double/tweezer bottom vs the Jun 23-24 low: 'we have really a real strong support right around $4,000 is based on the double bottom' @15:10, but stresses 'There's no confirmation that a bottom is in place' @20:31.
“I think that we have, at least on a tentative basis, formed a bottom or a definitive level of support at around $4,000.”
Gold since this was said: ▲ +7.7% · 4,061 → 4,375 · as of 2026-09-11
Bullish
Closing summary of the technical walk-through: 'I think that this set of bonds [bottoms] would be where we have really strong support and we could see it move higher' @31:48; downside checkpoints 'Four thousand thirty nine sixty and then about thirty nine thirty five' @30:13.
“In other words, if you continue to fall , I don't see gold going below thirty nine twenty.”
Gold since this was said: ▲ +7.7% · 4,061 → 4,375 · as of 2026-09-11
Bullish
Asked for his conclusion: 'it's certainly not time to continue to be bearish and... continue selling' @28:38; resistance map: break $4,076-$4,080, then $4,180-$4,190 ('the major area' @29:01), then ~$4,400; but 'Would I be an excited bullish player? No, there's a potential for the bearish momentum to continue' @31:21.
“So short term, I would look for gold to continue to track higher if, in fact, we're correct.”
Gold since this was said: ▲ +7.7% · 4,061 → 4,375 · as of 2026-09-11
Bullish
Silver ~$60 after $121 ATH; AUDIO CAVEAT: 'not quite honestly' garbled, bottom-is-in leg NOT-EVALUATED pending ears; 6-12mo consolidation reading safe; talks his book (silver miner CEO)
“I think we've seen the lows, not quite honestly. But we need to bounce around. You know, we had the market, the investors, institutional investors need to get used to this kind of new pricing regime that we're in. And it may take six months. It may take 12 months.”
Silver since this was said: ▲ +11.6% · 57.63 → 64.31 · as of 2026-09-11
Bullish
His cleanest structural call: ~2024-2034 precious bull, the 50% drawdown a mid-cycle correction; book disclosed
“But, you know, I think we're two years into a 10 year bull market. I look at this bull market similar to what I said earlier about the 2002 to 2012 rally. And we're in one of those corrections.”
Gold since this was said: ▲ +9.5% · 3,997 → 4,375 · as of 2026-09-11
Bullish
Asked point-blank if triple-digit silver returns: 'absolutely', timing withheld (his 2012 call took 14 years); book disclosed
“Well, absolutely we will. I don't know when. You know, I'm a little bit nervous about putting more predictions out there.”
Silver since this was said: ▲ +11.6% · 57.63 → 64.31 · as of 2026-09-11
Bullish
Endorses a return to the ~$120 high as certain; the triple-test pattern is chart musing, not a filed target
“Oh yeah, and it will. It's just like, you know, we saw $50 three times on a third time broke through. You know, maybe we'll hit 120 again three times before it breaks through to go to some other level.”
Silver since this was said: ▲ +11.6% · 57.63 → 64.31 · as of 2026-09-11
Bullish
MEANING GUARD: his long-standing normative fair-value doctrine (ratio SHOULD be 8), conditional on miners controlling pricing; not a forecast the ratio gets there
“we mine eight to one. So, for every one ounce of gold, eight ounces of silver is being mined worldwide by the mining industry. So, divide the current gold price by eight, and that should be the silver price.”
Gold since this was said: ▲ +9.5% · 3,997 → 4,375 · as of 2026-09-11
Bullish
The title claim: habitual shorts flipping long while suppressing price; ALLEGATION FLAG on 'manipulation' (his claim, unproven; 2015 CFTC letter went nowhere per host)
“we do see some manipulation going on. You know, they're trying to knock it down as much as they can to, you know, load back up again for the next big rally, which is a little bit different, because normally they'd be on the short side. I think now they're getting on the long side.”
Gold since this was said: ▲ +9.5% · 3,997 → 4,375 · as of 2026-09-11
Bullish
Personal-portfolio disclosure, buy-the-dip advice-flavored; book disclosed twice over (CEO + retail mint owner)
“So I like things on sale. And right now I'm in the market buying because, you know, stocks down 50%. And a lot of these companies are really solid, really good companies.”
Gold since this was said: ▲ +9.5% · 3,997 → 4,375 · as of 2026-09-11
Bullish
AI/nuclear/robotics demand thesis; 'we need higher prices' is a producer's normative claim doubling as his direction view
“because this commodity is in demand, and with AI coming in, nuclear energy coming in, robotics, and, you know, all the fancy electronics that, you know, we want to produce, you know, this metal is needed. And with these deficits, you know, we need higher prices to try to close the gap on these deficits.”
Silver since this was said: ▲ +11.6% · 57.63 → 64.31 · as of 2026-09-11
Bullish
Unhedged structural bull case: debasement + central bank gold accumulation
“Oh, I'm extremely bullish on all of the precious. And the core of it really is the debasement, meaning that fiat currencies have only been around since 1971.”
Gold since this was said: ▲ +9.5% · 3,997 → 4,375 · as of 2026-09-11
Bullish
MEANING GUARD: '7x' is his HISTORICAL supercycle average, not a stated forward target; $10,000 gold / $300 silver are 'could see' levels, deliberately hedged; the video title's 'to 7X' is the channel's packaging
“I don't like to get into the numbers game, but, you know, I could see 10,000 gold and $300 silver. I don't think that's an unrealistic. By the way, and people that had put out these numbers, like, 'Oh my God, he's crazy.' Every super cycle we've been through in the one in the 70s and one in the 2000s, the price of these commodities go up by 7x on average.”
Gold since this was said: ▲ +9.5% · 3,997 → 4,375 · as of 2026-09-11
Bullish
Falsifiable structural claim: a recession only delays the supercycle ~2 years (cites 08-09 losing 24 months)
“'Cause I can tell you demand collapsing or something like that won't derail these stories. It really has to come from the supply side. If demand collapsed, you just push it out a couple of years.”
Gold since this was said: ▲ +9.5% · 3,997 → 4,375 · as of 2026-09-11
Bullish
House view: debasement is the debt exit, crisis elevates gold; BOOK FLAG: channel is sister to a physical precious metals business (self-ID on tape)
“but we also think that the dollar can lose its value and will continue to lose its value because that's the way you get out of the debt problem. Until there's a crisis, that's not going to change. And when the crisis comes, that's gonna be great for gold, certainly in the short to medium to even very, very long run because it'll, its brand will elevate.”
Gold since this was said: ▲ +9.5% · 3,997 → 4,375 · as of 2026-09-11
Bullish
GDX down 35% from January; valuations in the lowest quintile historically, he cites
“So prices down, valuations down, sentiment weak. I mean, that is just the perfect setup for a strong move.”
Gold since this was said: ▲ +6.6% · 4,104 → 4,375 · as of 2026-09-11
Bearish
Conditional downside: only if gold fails a retest of the recent low; gold ~$4,000 after a ~$5,000+ January peak
“if we fail on that retest, we'll be down to 3,600.”
Gold since this was said: ▲ +6.6% · 4,104 → 4,375 · as of 2026-09-11
Bullish
If the new Fed chair talks about gold's role in the monetary system, he adds
“I think there's a possibility of a meaningful revaluation in the gold price over the next few years”
Gold since this was said: ▲ +6.6% · 4,104 → 4,375 · as of 2026-09-11
Bullish
Rejects the bear label; held all physical bullion through the correction
“My base case is still that the next big move is likely to be upwards. But that involves the correction and consolidation first. Which means I'm not in any hurry to buy.”
Gold since this was said: ▲ +6.6% · 4,104 → 4,375 · as of 2026-09-11
Bullish
His 'stupid cheap' unconditional buy level; explicitly not a prediction that it gets there
“So if gold were to drop 50%, which would be sub 3000, high 2000s, then I think it just becomes a buy no matter what.”
Gold since this was said: ▲ +6.6% · 4,104 → 4,375 · as of 2026-09-11
Bullish
Jeff Currie tells the Wealthion host we are in a commodity super cycle that began in October 2020, with weighted commodity indices trending straight up for six years.
And I would argue this super cycle started back in October 2020. And if you just take a weighted average of one of these indices it's just a line going straight up over the last six years
Gold since this was said: ▲ +5.9% · 4,131 → 4,375 · as of 2026-09-11
Neutral
Jeff Currie says an institutional investor should hold around 3% in commodities given their volatility, turning it up in super cycles; model outputs of 20-30% are too high.
Now if I were looking at if I were telling you as an institutional investor I'd say somewhere around 3 percent
Gold since this was said: ▲ +5.9% · 4,131 → 4,375 · as of 2026-09-11
Bullish
Jeff Currie says he is extremely bullish on all precious metals on the debasement thesis: fiat currency since 1971 is a short experiment and central-bank reserves are becoming gold-backed as gold rises.
I'm extremely bullish on on all of the precious
Gold since this was said: ▲ +5.9% · 4,131 → 4,375 · as of 2026-09-11
Bullish
Oliver Dachsel of Aris Mining says gold miners are a coiled spring that will do really well once gold price momentum returns.
So I think we're in a situation where it's a little bit like a coiled spring, right? The sector is doing well. And once the gold price momentum is back, then I think the sector will do really well.
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Neutral
Oliver Dachsel says Aris Mining will self-fund its growth with no external capital, citing $425m cash and Segovia cash generation.
I mean, look, we expect to be able to self-fund our growth. There's no need for external capital, right?
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Neutral
Oliver Dachsel guides Aris Mining's Segovia mine to 300,000 oz of annual gold production next year (2027).
And Segovia is a ramp-up process to get to 300,000 ounces of annual gold production. We expect to reach that level next year
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Neutral
Oliver Dachsel says Aris Mining's Marmato bulk-mining CIP plant will pour first gold in Q4 2026 and ramp through 2027.
And that project is on track for first gold pouring Q4 and then a stage progressive ramp-up throughout 2027.
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Neutral
Oliver Dachsel guides Marmato to 200,000 oz and Segovia plus Marmato to 500,000 oz combined in 2028.
So set differently, 2028 would be the first year when the CIP plant runs consistently at 5,000 tons per day, which in turn should enable Marmato to produce 500,000 ounces. Sorry, 200,000 ounces. And then Segovia and Marmato would be at 500,000 ounces combined.
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Neutral
Oliver Dachsel says Aris Mining's base case for Soto Norte environmental permitting is about 18 months from filing this quarter, possibly quicker under Colombia's new pro-mining government.
You know, our base case assumption had been around 18 months with this new government. Could it be quicker? Maybe, who knows?
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Neutral
Oliver Dachsel expects Aris Mining's Toroparu project fully permitted by end-2026 and a construction decision in Q1 2027.
So we expect to have that project fully permitted by the end of the year. And that would then put us in a position to make a construction decision in Q1.
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Neutral
Oliver Dachsel projects Toroparu first gold in late 2029, adding ~235,000 oz a year to lift Aris Mining to ~735,000 oz, if construction is approved in Q1 2027.
So first gold late 2029, at which point Toro-Peru would be expected to contribute about 235,000 ounces annually, right? So that would lift then gold production from 500,000 ounces to 735,000 ounces.
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Bullish
Jeremy Szafron of Kitco says debt debasement will keep gold elevated for the next several years.
But that debt into basement is obviously going to keep gold elevated for the next years.
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Bullish
Oliver Dachsel is fundamentally positive on gold because of the debasement trade, poor Western fiscal outlooks and persistent geopolitical tension.
But we are fundamentally positive on the outlook for gold, given, you know, the debasement trade. Like the fiscal outlook across the Western world is not particularly rosy, right?
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Neutral
Oliver Dachsel says Aris Mining will double production from 2025's ~257,000 oz to 500,000 oz by 2028 and potentially quadruple it by around 2031.
transformational organic growth in the near term doubling gold production relative to last year's level to 500,000 ounces by 2028 and then potentially quadrupling gold production relative to last year's level by, you know, maybe 2031, right?
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Bullish
Oliver Dachsel says Aris Mining is an exceptionally attractive investment on every valuation metric even if gold stays flat at $4,000.
No, for sure. It's, I think, an exceptionally attractive investment. No matter which valuation metric you look at, right?
Gold since this was said: ▲ +7.5% · 4,071 → 4,375 · as of 2026-09-11
Bearish
“I think gold is gonna continue to struggle. But my view is that there's a very good chance the AI bubble is gonna burst in the second half of the year.”
Gold since this was said: ▲ +5.3% · 4,155 → 4,375 · as of 2026-09-11
Bearish
“I'm gonna ride the debasement and the inflation trade because I think it's I think it's got years to run maybe decades to run”
Gold since this was said: ▲ +5.3% · 4,155 → 4,375 · as of 2026-09-11
Bullish
“I'm buying I'm buying micro strategy. I just bought some this morning”
Gold since this was said: ▲ +5.3% · 4,155 → 4,375 · as of 2026-09-11
Bullish
“precious metals is right now a screaming buy, especially for those that are willing to hold onto it for the next several years.”
Gold since this was said: ▲ +5.3% · 4,155 → 4,375 · as of 2026-09-11
Bullish
On new Fed chair Warsh, at the ECB Forum:
“gold is still in a major, major bull market”
Gold since this was said: ▲ +5.3% · 4,155 → 4,375 · as of 2026-09-11
Bullish
“Look out gold goes to seven [thousand]… silver goes to 200 Bitcoin goes to 180”; owns his prior miss on-air: “I missed the Bitcoin call. I thought we'd go to 150. I was wrong. We went to 125”
Gold since this was said: ▲ +8.8% · 4,023 → 4,375 · as of 2026-09-11
Bearish
Rick Rule is pessimistic on the gold price in the very near term, while continuing to accumulate gold as savings.
In the very near term, I'm pessimistic as to the gold price.
Gold since this was said: ▲ +8.6% · 4,030 → 4,375 · as of 2026-09-11
Bullish
Rick Rule believes gold is in a secular bull market that will contain cyclical declines and volatility.
In a secular bull market, which is what I believe we're in for gold, you can experience cyclical declines
Gold since this was said: ▲ +8.6% · 4,030 → 4,375 · as of 2026-09-11
Bullish
Rick Rule expects a very strong gold market over time until US real yields turn positive.
And until we have a real yield in the US, I think you're going to see over time, sadly, a very, very strong gold market.
Gold since this was said: ▲ +8.6% · 4,030 → 4,375 · as of 2026-09-11
Bullish
Rick Rule says gold could easily rise enough over the next decade to offset a 75% loss of dollar purchasing power, while not forecasting a 1970s-style 25-fold move.
Now, what I am suggesting is that the increase in the gold price could easily mirror the deterioration in the purchasing power of the U.S. dollar, which is to say that gold would maintain its purchasing power, while the dollar lost 75% of its purchasing power.
Gold since this was said: ▲ +8.6% · 4,030 → 4,375 · as of 2026-09-11
Bullish
Rick Rule cannot call 2026 gold but is very constructive on gold later in the decade, so miners discounting ~$3,400 gold are mispriced.
And while I can't speak to the gold prices in 2026, I'm very constructive as to the gold prices later on in the decade.
Gold since this was said: ▲ +8.6% · 4,030 → 4,375 · as of 2026-09-11
Bullish
Rick Rule says Wheaton Precious Metals benefits as the market prices in very large by-product streaming deals over the next two to three years.
I would suggest that the market is beginning to price into Wheaton, the probability that very, very large streaming transactions will occur over the next two or three years, which means that Wheaton, although they compete with Franco directly in this market, will benefit.
Gold since this was said: ▲ +8.6% · 4,030 → 4,375 · as of 2026-09-11
Bullish
Rick Rule says royalty and streaming companies, large and small, are better risk-adjusted places to be than operating miners for trend investors.
On a risk-adjusted basis for many investors, the royalty and streaming space from the biggest to the smallest are likely better places to be.
Gold since this was said: ▲ +8.6% · 4,030 → 4,375 · as of 2026-09-11
Bullish
Rick Rule says he is currently buying exploration names and likely takeover/amalgamation candidates in the junior mining space.
And I personally am attempting to allocate in the exploration names or in the names that I believe are very likely take over and amalgamation names.
Gold since this was said: ▲ +8.6% · 4,030 → 4,375 · as of 2026-09-11
Bullish
Rick Rule says silver stocks are a cheaper speculation than physical silver, so he expresses his silver view through silver equities.
And I believe as a speculation, there are other asset classes that are cheaper than silver. Among them are the silver stocks.
Gold since this was said: ▲ +8.6% · 4,030 → 4,375 · as of 2026-09-11
Neutral
Rick Rule asserts under 20% of annual silver supply comes from primary silver mines, so higher prices do not quickly add supply.
less than 20% of the silver supply on an annual basis comes from silver mines.
Gold since this was said: ▲ +8.6% · 4,030 → 4,375 · as of 2026-09-11
Bullish
Rick Rule expects silver to eventually take leadership from gold in the next leg of the precious-metals bull market.
And I think a characteristic of the upcoming bull market in precious metals will be eventually a leadership transition from gold to silver.
Gold since this was said: ▲ +8.6% · 4,030 → 4,375 · as of 2026-09-11
Neutral
Rick Rule expects investor focus on gold producers to shift within two years from capital discipline to sustaining production, forcing more pipeline spending and M&A.
I think that changes because I think the concern over the next two years will be the ability of companies to maintain or increase their production
Gold since this was said: ▲ +8.6% · 4,030 → 4,375 · as of 2026-09-11
Bullish
Rick Rule expects copper deficits to force price rationing (much higher copper) within five years.
We will see in the next five years, copper rationed by price, which is to say production declines over the next five years will be such that the current deficits that we see in copper production will cause copper to be rationed by price.
Copper since this was said: ▲ +7.7% · 6.07 → 6.54 · as of 2026-09-11
Bullish
Rick Rule thinks copper moves from about $6 to a nominal $10-12 within roughly five years, after which over-extrapolation will cost investors money.
If we see a move in the copper price from $6 to some number, nominal number, like 10 or 12, which I think we'll see
Copper since this was said: ▲ +7.7% · 6.07 → 6.54 · as of 2026-09-11
Bullish
On Fox vs Schiff: “over like a three to ten year period, gold and Bitcoin have both been outperforming stocks” (chyron: GOLD OUTPERFORMS S&P 500 OVER 1Y)
Gold since this was said: ▲ +1.0% · 4,331 → 4,375 · as of 2026-09-11
Bullish
Visser says silver will be a bottleneck through the robotics/AI build-out and will go 10x from today.
silver is going to be a bottleneck the entire time. And I think it'll go 10 times where it is today
Silver since this was said: ▼ -5.2% · 67.86 → 64.31 · as of 2026-09-11
Bullish
Gary Wagner tells Kitco there is a 60-70% probability that $4,000 gold (futures) is a technical floor after the drop from above $5,500, pending follow-through next week.
And that's why I believe that there's a decent probability, I would say 60 to 70%, that this particular area right here at $4,000 could in fact be a technical level of support.
Gold since this was said: ▲ +3.8% · 4,215 → 4,375 · as of 2026-09-11
Neutral
Gary Wagner tells Kitco that if the top was ~$5,600 the climb back toward his $6,000 year-end target will be hard, though still possible.
If that's the case, I think it's going to be a hard climb back up. Honestly, it could do that.
Gold since this was said: ▲ +3.8% · 4,215 → 4,375 · as of 2026-09-11
Bullish
Gary Wagner tells Kitco that if gold clears resistance around $4,350-4,360 it has a clear run to about $4,500 (conditional).
If it can break through $43.50, $60, then I believe that we've got a clear shot to about $4,500 before we encounter any kind of strong technical resistance.
Gold since this was said: ▲ +3.8% · 4,215 → 4,375 · as of 2026-09-11
Bearish
Gary Wagner tells Kitco that if gold loses $4,000 it could fall another $100, below which there is no strong technical support for a while (conditional).
4,000 is really a key and critical number. If it does break below it, it could go $100 lower. But below that, there's really no technical level of support.
Gold since this was said: ▲ +3.8% · 4,215 → 4,375 · as of 2026-09-11
Neutral
Gary Wagner tells Kitco that gold bulls must hold just above $4,000 and the next real resistance is around $4,370 on the active futures contract.
The key number that gold bulls need to see gold hold is just above 4,000. The next level of real resistance should gold continue to move higher is going to be around 4,370 basis most active futures contract.
Gold since this was said: ▲ +3.8% · 4,215 → 4,375 · as of 2026-09-11
Bullish
Todd 'Bubba' Horwitz tells Kitco he is a buyer of silver now and will keep accumulating it at 60 and 55 because it is 'baby gold' with industrial and stored value.
And I will continue to accumulate this asset because of its worth, because of its industrial use, because of its value, because of its stored value, because it's baby gold
Silver since this was said: ▼ -1.2% · 65.09 → 64.31 · as of 2026-09-11
Bullish
Todd 'Bubba' Horwitz tells Kitco gold and silver will turn around and money will flow back into them once the margin-call flush settles.
I'm very confident that gold and silver will turn around.
Gold since this was said: ▲ +2.7% · 4,260 → 4,375 · as of 2026-09-11
Bullish
Todd 'Bubba' Horwitz tells Kitco he would be a buyer of physical gold and silver here, not the miners or paper metals.
So I think that I'd certainly look to be a buyer of gold and silver and not the miners, not the paper metals.
Gold since this was said: ▲ +2.7% · 4,260 → 4,375 · as of 2026-09-11
Bearish
Todd 'Bubba' Horwitz tells Kitco silver probably has a little more downside, to around the mid-$50s, before it turns.
I think it's probably got a little bit more room to go to downside it. I would think probably in the mid 50s
Silver since this was said: ▼ -1.2% · 65.09 → 64.31 · as of 2026-09-11
Bullish
Michael Oliver tells Kitco the price drop has not damaged the long-term momentum uptrend in silver or gold, only intermediate structures.
And the price drop we've seen has not in the least bit damaged the long-term momentum trend of silver or gold.
Gold since this was said: ▲ +0.9% · 4,337 → 4,375 · as of 2026-09-11
Bullish
Michael Oliver tells Kitco if silver trades up into the 72-74 zone next week, shorts had better cover because the six-month bear attempt has failed.
If next week you see it up into 62 to, excuse me, 72 to 74 zone, and you're short, you better cover, okay.
Silver since this was said: ▼ -6.7% · 68.94 → 64.31 · as of 2026-09-11
Bullish
Michael Oliver tells Kitco a gold bull market matching the two prior eight-fold advances would put gold around $8,500.
Eight-fold, we put gold like $8,500, and then you will at least be able to say, oh, gold just had a bull market that matched the two prior ones.
Gold since this was said: ▲ +0.9% · 4,337 → 4,375 · as of 2026-09-11
Bullish
Michael Oliver tells Kitco gold will be the prime beneficiary when the government bond market breaks and the Fed prints.
And again, I think the prime beneficiary will be gold because I know what the Fed's gonna do when the government bond market goes lower
Gold since this was said: ▲ +0.9% · 4,337 → 4,375 · as of 2026-09-11
Bullish
Michael Oliver tells Kitco silver will vastly outpace gold, and the gold miners, over the next handful of months.
And I think that will be ongoing, especially for the next handful of months, where silver will vastly outpace gold.
Gold since this was said: ▲ +0.9% · 4,337 → 4,375 · as of 2026-09-11
Bullish
Michael Oliver tells Kitco silver's new price reality is $300-500 and the final three months of the move will be very dramatic.
And I still think that reality is three to $500. And the move to get there will be very dramatic in the final three months of that move.
Silver since this was said: ▼ -6.7% · 68.94 → 64.31 · as of 2026-09-11
Bullish
Michael Oliver tells Kitco silver is highly likely coming out of its six-month congestion and he doubts it will see the $50-55 levels everybody expects.
Highly likely we're coming out of here. So I'm doubtful you'll see those levels that everybody expects.
Silver since this was said: ▼ -6.7% · 68.94 → 64.31 · as of 2026-09-11
Bullish
Michael Oliver tells Kitco if gold miners break out versus gold on a spread basis, which he expects, they are likely to double or triple in value relative to an ounce of gold.
If you break those miners out versus gold on a spread basis, they're likely to double or triple in relative value to an ounce of gold.
Gold since this was said: ▲ +0.9% · 4,337 → 4,375 · as of 2026-09-11
Bullish
Michael Oliver tells Kitco silver miners will do better than gold miners.
And if I threw the dart, I'd throw it at the silver miners. I think they're gonna do better than the gold miners.
Gold since this was said: ▲ +0.9% · 4,337 → 4,375 · as of 2026-09-11
Bullish
Michael Oliver tells Kitco the other side of the silver and gold explosion will be their legalization as currency in various countries.
I think what's gonna be on the other side of that silver explosion and gold explosion is legalization of them as currency.
Gold since this was said: ▲ +0.9% · 4,337 → 4,375 · as of 2026-09-11
Bullish
Michael Oliver tells Kitco about 95% of his positions are unleveraged silver bullion ETFs and silver miners, roughly 50/50.
about 95% of my positions are silver bullion, unleveraged, usually through ETFs for bullion, and silver miners, about 50/50 on those two.
Gold since this was said: ▲ +0.9% · 4,337 → 4,375 · as of 2026-09-11
Bullish
Peter Schiff tells the interviewer that European central banks should sell dollars and Treasuries and buy gold, because gold prices are going to keep going up.
European central banks can sell U.S. dollars, they can sell U.S. Treasuries, and they can buy more gold. I think that would hit the U.S. where it hurts and it would actually help Europe because gold prices are going to keep going up.
Gold since this was said: ▼ -4.6% · 4,588 → 4,375 · as of 2026-09-11
Bullish
Peter Schiff tells the interviewer that if the Fed monetizes Greenland-purchase debt it will create massive inflation, weaken the dollar and push money into gold (conditional).
if the Fed buys the bonds that the government has to sell to raise the money to buy Greenland, then that's just going to create massive inflation in the United States and further suppress the purchasing power of the U.S. dollar and cause more money to flow from dollars and treasuries into gold.
Gold since this was said: ▼ -4.6% · 4,588 → 4,375 · as of 2026-09-11
Neutral
Raoul Pal tells Mando that gold tracks current financial conditions and leads GMI's total-liquidity measure by about 12 months, while Bitcoin follows liquidity.
So this is our total liquidity in gold. So gold leads it by about 12 months. It basically lives in financial conditions world.
Gold since this was said: ▼ -2.6% · 4,490 → 4,375 · as of 2026-09-11
Bullish
Raoul Pal tells Mando the metals (gold) trade is not done and can keep running until the end of 2026 because financial conditions must keep easing to fund interest payments.
So the metals trade, I don't think it's done yet because of this. We're not there yet. So it feels like the metals trade can go till the end of the year, which means financial conditions, the whole thing just goes forward.
Gold since this was said: ▼ -2.6% · 4,490 → 4,375 · as of 2026-09-11
Bullish
Peter Schiff tells Fox Business (Oct 2025) that silver backwardation sets up a huge short-covering rally.
I think we're setting ourselves up for a huge short covering rally, but this is an all time record high for silver.
Silver since this was said: ▲ +27.8% · 50.31 → 64.31 · as of 2026-09-11
Bullish
Peter Schiff says the 2025 surge is the beginning of a much bigger move in both gold and silver, as in the 1970s.
So I think this is the beginning of a much bigger move in both gold and silver.
Gold since this was said: ▲ +5.7% · 4,139 → 4,375 · as of 2026-09-11
Bullish
Peter Schiff says any gold or silver miner makes money from here; the group is ridiculously cheap with exploding earnings.
I don't see how you don't make money buying any gold stock or silver stock. I think the whole group is ridiculously cheap and the earnings are exploding.
Gold since this was said: ▲ +5.7% · 4,139 → 4,375 · as of 2026-09-11
Bullish
Peter Schiff says the breakout in silver and platinum above major resistance is bullish for the whole precious-metals complex, not just gold.
And I think this is a bullish thing. This is bullish for precious metals. It's not just a gold rally now. It is a precious metals rally.
Gold since this was said: ▲ +32.8% · 3,294 → 4,375 · as of 2026-09-11
Bullish
Peter Schiff tells listeners not to wait for a pullback: buy gold at $3,300-3,400 and silver too, because they are going higher.
They're afraid to buy a gold at 33, 3400. Why? It's just going higher. Don't be afraid to buy it. Same thing with silver.
Gold since this was said: ▲ +32.8% · 3,294 → 4,375 · as of 2026-09-11
Bullish
Peter Schiff calls silver at $36 ridiculously cheap and says to buy it even at $37 because it is going much higher.
How can people not want to buy silver at $36? I mean, that's ridiculously cheap.
Silver since this was said: ▲ +79.4% · 35.85 → 64.31 · as of 2026-09-11
Bullish
Peter Schiff still likes platinum after its 40% pop but says it is no longer the steal it was below $1,000.
I still like platinum, but it's not the steel that it was when I was getting you guys to buy it below 1,000 now that it's popped 40 percent.
Gold since this was said: ▲ +32.8% · 3,294 → 4,375 · as of 2026-09-11
Bullish
Peter Schiff says gold mining stocks, despite being up 45-50% on the year, are ridiculously cheap given how profitable they will become as the dollar falls.
even though they're up 45%, 50% on the year, something like that, they are ridiculously cheap
Gold since this was said: ▲ +32.8% · 3,294 → 4,375 · as of 2026-09-11
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We write down what public figures predict, in their exact words, and check the result when the deadline arrives. Every line links to its source. How we score · Corrections · The scoreboard · The data
© 2026 Pundit Rumble · independent and unaffiliated · updated every market morning · not investment advice.