
Derek McPherson
CEO & President of West Point Gold Corp (TSXV:WPG), a mining executive and frequent commentator on gold, silver, and hard-asset investing.
3
APPEARANCES
2
PODCASTS
012
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Jul 7, 2026
Gold 25% Below Record High: Why Metals Trade Lost Its Luster
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Marley KaydenHOST
I mean, how are you looking at the metal right now, and what we've seen in terms of the price action since the announcement of Kevin Warsh, and then in that time also the outbreak of the situation with Iran?

Derek MacPhersonGUEST
Yeah, I think the, um, I- I think the, the market overcooked Kevin Warsh, what his, what his view of the world is.

Derek MacPhersonGUEST
even his, his initial statements, you know, being data-driven, et cetera, I think the, the market got ahead of itself pricing in the rate hikes, and then I think that initially got a... was heavy on gold, and now that that's, uh, that's lifted, uh, gold, the gold price has lifted as well.

Derek MacPhersonGUEST
The other thing that I would say, though, is that from that, from that peak where we were at, I mean, s- gold got really overbought.

Derek MacPhersonGUEST
It had the un- had big underlying fundamental catalysts that were pushing it ahead, and those things are still there.
Marley KaydenHOST
How important is central bank buying and continued central bank buying in the long-term investment case for gold?
Hard Money Conference June 2026: Gold, Silver & Bitcoin
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Scott WillisHOST
Could you just walk us through the key targets and the timing and the size of the program, how many meters you're planning?

Derek MacphersonGUEST
Um, and so, uh, that puts us in really good shape financially for, for the next drill campaign as well.

Derek MacphersonGUEST
Um, the, where we've drilled, you know, that drill campaign really had two objectives.

Derek MacphersonGUEST
Um, the first was to deliver our main resource at the Tyrone main zone, um, down to 300 meters.

Derek MacphersonGUEST
And so we bet we spent, uh, the last probably almost over half the drill drilling campaign, just focus on that drilling down to the drilling down to 300 meters.
5 MINS LATER

Scott WillisHOST
Could you just talk about how that deal came about and what's the opportunity you see in the project overall?
2026 Gold Drivers: De-Dollarization & Global Deficit Spending
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2:56speaker_0HOST
It's always viewed as a hedge, as you noted.

Derek MacPhersonGUEST
And then what you saw sort of what really caused the explosion of the gold price in 2025 was all of a sudden Western buyers stepped in.

Derek MacPhersonGUEST
So what we saw in 2022 and 2023, which gold had pretty good years in those years as well, if you look back relative to history, those were driven by that central bank buying.
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5:35speaker_0HOST
It's sort of like gold's little brother or something, right?