Video News/PDAC 2026

Gold briefly topped $5,400 as tensions escalated in the Middle East and oil prices surged, but Dr. James Thorne says investors should not confuse geopolitical volatility with a structural breakout. Speaking with Kitco News at PDAC 2026 on March 02, 2026, the Wellington-Altus Chief Market Strategist described the move as “a temporary spike if we're long-term investors,” cautioning that “in a bull market, you can have a 50% correction at any time and still have the secular bull market in place.” Despite warning of potential downside volatility, Thorne reiterated his long-term bullish outlook, stating, “By the end of the decade, I'm saying gold's gonna be 10,000.” He framed the current rally within what he views as a broader monetary transition, arguing that policymakers may ultimately need to “come up with a new global monetary system,” a shift he believes could reshape capital markets over the coming years.