The herd has given up on gold.
But you shouldn't follow the herd. Because if you do, you could miss out on gold's next massive move higher.
As a refresher, gold and other precious metals became popular trades back in 2025 and early 2026. Central banks were buying these resources at record rates, and speculators soon sent prices soaring.
Gold peaked at nearly $5,420 an ounce in late January of this year. Then it came crashing down.
As of yesterday's close, gold is down 24% from its peak.
And as you can see below, gold funds just saw their fourth consecutive week of outflows...
With AI stocks soaring, no one cares about gold anymore. But this is a big mistake.
Gold has the potential to skyrocket from here. I believe it can easily hit $7,000 an ounce – or even higher. There are a few reasons I'm so bullish today...
First, central banks continue to be massive buyers of gold.
They bought a net 244 tonnes of gold in the first quarter of this year. That's a 3% increase from a year ago...
Next, gold bull markets tend to last far longer than most folks expect.
Gold is only up about 150% since 2022. Going back further, it's up 280% since 2015.
That's nothing compared with history's great bull markets. For example, from 1976 to 1980, gold surged 549%. And from 2001 to 2011, it rose 636%.
The metal still has a long way to go if it's going to catch up to those bull markets.
More generally, gold is the ultimate "chaos hedge." It's a store of value even in turbulent times. And investors will have plenty of reasons to seek safety in the months to come given how much speculation there is with AI and tech stocks.
Also, this year's edition of the annual "In Gold We Trust" report, published by asset manager Incrementum, notes that gold is currently in a "consolidation phase" after a terrific run in 2025. In other words, the metal's price is stabilizing before it breaks either higher or lower. As the report explains...
Following gold's spectacular rally of the preceding quarters, a consolidation phase was not only likely but, from a technical perspective, overdue. The impetus came from the very event that, by the textbook, should have had the opposite effect: the Iran crisis. While a large portion of market participants speculated on another price jump, the market swung in the opposite direction – the war did not become a catalyst but rather the trigger for a healthy correction. No upward trend is linear; even structural bull markets require phases of correction, position adjustment, and sentiment unwinding.
The report continues...
As expected, the mainstream declared the safe-haven a failure. But those who understand the mechanism recognize a familiar pattern: During periods of acute financial stress, gold is sold not in spite of, but because of its high liquidity. We saw exactly the same pattern in October 2008, with a 29% drop, when the Lehman [Brothers] bankruptcy triggered margin calls across all asset classes, and in March 2020, when a wave of liquidation swept through the market in the early stages of the Covid-19 pandemic and gold fell by 12%.
However, following both those periods of financial stress, gold went on to rebound in a hurry. And it looks like the precious metal is following a similar trajectory today.
Take a look...
If history rhymes with the late 2000s and early 2020s, gold could have a lot more room to run from here.
Finally, a big reason I'm bullish on the yellow metal today is because of a narrative most investors are unaware of...
It has to do with the U.S. Treasury potentially "revaluing" gold. That one simple move would send the metal screaming higher. And those who are unprepared could lose up to 40% of their wealth overnight.
I put together a presentation that explains the whole story and tells you the best way to profit with my No. 1 gold stock...
You could multiply your money 5 to 10 times in the next few years with this name. In fact, when my firm recommended this exact same stock publicly in the past, real people like you saw gains as high as 995%.
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What We're Reading...
- Something different: A meteorite found in the Sahara Desert may be the first evidence of a lost solar system world.
Here's to our health, wealth, and a great retirement,
Dr. David Eifrig and the Health & Wealth Bulletin Research Team
June 24, 2026