The gold bears are dancing but this bull has an $8,900 price target.
Highest Since 1981
June 10 (King World News) – Peter Schiff: So far, over the first five months of 2026, the CPI is up 2.52%. If this pace continues for all of 2026, the CPI will rise 6.2%, the most since 2022. But I think the second half of the year will see a much bigger rise, sending the full year above 7%, the highest rate since 1981.
More “Transitory” Inflation
Peter Schiff: War is inflationary. Not because it sends oil prices higher, but because governments pay for war by creating inflation. Instead of raising taxes, they run larger deficits, which central banks then monetize. War also diverts resources away from the production of consumer goods.
$8,900 Gold Price Target
Ronnie Stoeferle: Gold tested $4,300 and the bears are dancing.
In IGWT26 we call it base camp, not the summit.
Everest: 8,849m. Our 2030 target: ~$8,900. The metres and the dollars line up.
You don’t summit in one push…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
Gold
Peter Boockvar: I’ve mentioned my belief that US Treasuries and sovereign bond markets in Europe too that are heavily foreign owned have been a source of funds for those countries seeing ever rising spending needs to cushion the blow of higher energy prices. I think gold has been a source of funds too and the pullback off the early year high continues. But, we’re now stretching it on a technical perspective.
If not aware, there is a technical gauge called the Gold Miners Bullish Percent Index which is a breadth indicator that vacillates between 0 and 100 with 30-70 being a normal range. Yesterday it closed at zero, and thus cannot get any worse.
KING WORLD NEWS NOTE: Gold Miners Bullish Percent Index Plunges To Zero!
Also, the 14 day Relative Strength Index is down to 26, the lowest since October 2023.
Gold & Silver Takedown
To listen to Alasdair Macleod discuss the gold and silver takedown and exactly what he would be telling his clients to do if he was still a broker CLICK HERE OR ON THE IMAGE BELOW.
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