Surging metals: Not too late to buy"

Kitco Media
By Stewart Thomson
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Surging metals:  Not too late to buy"  teaser image

Feb 10, 2026

1. The world’s two most important financial facts are these: fiat is the meme money of deranged government thugs and gold is the money of glorious citizen kings.

2. At some point there will be another pathetic rally for thug money and eventually another… enroute to its final demise.

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3. There have only been four such rallies over the past 50+ years and each of these is weaker than the previous one. Why?

4. Well, for some key insight into this most important monetary matter.  It’s almost surreal that the US government is trying to weaponize its fiat and debt… and doing so while it engorges on even more debt. 

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5. Citizens and institutions of the world are becoming ever-more concerned about US government fiat and debt, and they are turning to gold.  Some gold bugs failed to buy gold, silver, and miners at my $4400 “buy zone of champions”.  Is it now too late to buy?

6. The glorious ascending triangle action suggests that it’s still a great time to buy and the triangle target is about $5900.

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7. The US stock market (and valuation) is at nosebleed levels, and at the same time the US government’s deficit spending as a percentage of GDP is at levels that would normally only occur during a terrible financial crisis.

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8. If the government can’t kill its horrendous addiction to debt with a supposedly sound money republican administration in play and the stock market at all-time highs… what happens to the deficit to GDP ratio during a crisis with a reckless democrat administration? 

9. In a nutshell, citizen kings of the world need to prepare for not just a US recession, but a stagflation-oriented depression… and the only way to properly prepare is to focus on boosting personal savings in silver and gold.

10. Geopolitics?  On that front, all lights are green… but only for gold.  For a look at some of the madness.  The macabre scheme to force the government of Taiwan move that nation’s most advanced chip making to America will end the need for the American military to protect Taiwan from being absorbed by China.

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11. US government thugs are considering massive taxes on chips made in Taiwan to force the move.  This hideous scheme would only drive inflation higher and make the citizens of Taiwan begin to believe that the American government is abandoning them.  Reunification negotiations with China would be the next obvious step for Taiwan.  The bottom line: it’s a messy situation, poised to get messier… and great for gold!

12. In Cuba, buses have stopped running and the government thugs still have no interest in changing their ways.  It’s hard to envision a peaceful resolution and… if it gets ugly, up goes gold!

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13. The US government’s sickening scheme to empower election hater, torture worshipper, and citizen wrecker Delcy Rodriguez has already taken another bad turn.  This horror is another of the near-endless number of geopolitical pillars that are in place for gold.

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14. Can it get worse?  Well, the Venezuelan cake could theoretically get iced… with the arrest of Maria Machado.  Would President Donnie then show the Nobel prize he took from her to his fiat and oil-obsessed fans, while she rots in a cell, tortured by Rodrigues?

15. Civil war might then break out in Venezuela, with the mayhem potentially rivalling that now taking place in Iran. 

16. Got gold?

17. What about silver?  Well, silver also looks fantastic and for a look at the chart.  Note the action of the 14,7,7 series Stochastics oscillator at the bottom of the chart.

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18. It’s in the buy zone… for only the third time since August.  A rush back to the $122 area highs looks realistic.

19. Silver arrived at $70 support as gold arrived at $4400.  I urged investors to base their buys on the stellar action of gold.  Silver bugs who took that buy are looking very good this morning, with silver already back up to above $80… and it’s still not too late to join the party.

20. The miners?  Click to enlarge this daily CDNX “Jump in the pool” chart.  Stochastics looks fantastic and even if there is a pullback to support at 825, it’s just another great place to buy.

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21. The long-term chart is truly spectacular. A gargantuan inverse H&S pattern is in play.  Note the blue circle on the left of the chart.  A pause here in the neckline zone would only add symmetry to the right side of the chart with the left.  Years of higher prices almost certainly await eager junior mine stock enthusiasts.

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22. Junior mine stock investing isn’t for everyone, especially with size, but as this gargantuan gold bull era rollout continues, these miners look set to outperform everything.

23. What about the seniors… are they also a buy?  Click to enlarge this long-term GDX versus gold chart.  The huge inverse H&S action is very similar to that on the CDNX versus fiat chart.

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24. For a look at the daily chart.  There could be a bit of a grind for a couple of weeks, but Stochastics is back to where it was in November.  Given the horrifying action of the deficit versus GDP, the geopolitics nightmares, and rise of global citizens as king, I’ll suggest that senior gold stock investors of the world… step up to the plate and take a swing!

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Kitco Media

Stewart Thomson

Stewart Thomson is a retired Merrill Lynch broker. Stewart writes the Graceland Updates daily mon-fri between 4am-7am. They are sent out around 8-9am.Stewart comes from a family of teachers, engineers, and professional athletes. The focus is training investors to use the tactics of the bank owner families consistently. Stewart’s writings are carried by a number of quality websites regularly. His personal contacts include hundreds of substantial business and factory owners across North America and Europe.

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.