Video News/Rule Symposium 2026

(Kitco News) - Gold ran to record territory this year and then corrected hard, and the sell-off split the sharpest voices in the resource world, Kitco News anchor Jeremy Szafron reported from the Rule Symposium in Boca Raton. Rick Rule said the mood among natural-resource investors remains greedy, not fearful, arguing his audience treats soft markets as sales. Adrian Day countered that sentiment toward gold equities is the worst he has seen in 50 years of managing money, warning gold could fall toward $3,600 before the correction ends. Several guests pointed to a structural shift in gold's role. Dakota Gold's Bob Quartermain noted that gold has surpassed U.S. Treasuries as a share of central-bank holdings, at roughly 23% to 25% per the World Gold Council. Lynette Zang argued a rising gold price signals a failing currency, and Dr. Nomi Prins said Fed Chair Kevin Warsh's refusal to give forward guidance preserves flexibility to cut rates. On silver, First Majestic's Keith Neumeyer, whose triple-digit call was reached this year before the metal roughly halved from its $121 high, pointed to the eight-to-one mine-supply ratio as the truer guide to price. Rule made the case for copper over the AI trade and dismissed official inflation data as "the CP-lie."