Aug 7, 2026 · 27 min · 15 segments
Veteran analyst Ed Steer argues the recent plunge in gold and silver was not the end of the bull market, but rather the latest and most extreme example of a decades-old "wash, rinse, and spin" cycle…
Ed SteerGuest
Dunagun KaiserHost
So there's money, big money pouring into the fact that somebody's betting big that by December, [chuckles] gold is gonna be north of ten, fifteen, or twenty thousand dollars.
We're talking about tens of millions of dollars worth invested by people that think that's gonna happen.
And the other thing I'm watching too is there's a lot of talk about July the fourth and this gold-backed bond.
You know, I heard your interview with Andy yesterday, Andy Schectman, and he was saying, "Well, you know, it's Judy Shelton brought this up, but it's a possibility.
All the things that we're seeing up to this point, including this big engineered smash-down that we're witness to the culmination of hopefully today, is all part and parcel of hopefully a, a great reset in the price of the precious metals.
So there's money, big money pouring into the fact that somebody's betting big that by December, [chuckles] gold is gonna be north of ten, fifteen, or twenty thousand dollars.
We're talking about tens of millions of dollars worth invested by people that think that's gonna happen.
And the other thing I'm watching too is there's a lot of talk about July the fourth and this gold-backed bond.
You know, I heard your interview with Andy yesterday, Andy Schectman, and he was saying, "Well, you know, it's Judy Shelton brought this up, but it's a possibility.
All the things that we're seeing up to this point, including this big engineered smash-down that we're witness to the culmination of hopefully today, is all part and parcel of hopefully a, a great reset in the price of the precious metals.
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