Gold is surging. Bitcoin is crashing. Something ominous is brewing.

If this trend continues, we may be on the brink of extreme volatility across multiple asset classes.

I sat down with my friend Peter Schiff this weekend to get his targets on gold miners, gold, the dollar and markets heading into the end of 2025 and beginning of 2026.

Schiff, never shy about his views, has spent decades warning of bubbles, currency debasement, and the inevitability of gold’s resurgence. This year the market is proving him to be exceptionally on point, with the gold miners ETF up more than 80% year to date. But, according to Schiff, the move is still just getting started.

“Look, I don’t think I’ve ever been more bullish than I am now,” he told me.

“Not just the fundamentals, which have never been better in my lifetime, really, for gold. But the technicals. Look at the close we just got on a monthly chart, on a weekly chart, on the daily chart for gold, for silver. Look at how the miners are now finally leading the rally. Gold stocks are going up now even when gold goes down.”

That refrain — miners leading the metal — kept coming up. Schiff has been hammering the point for months, insisting that if investors want exposure to the unfolding bull market, they should load up on the companies digging the metal out of the ground. “I argue that gold in the ground was as cheap as it’s ever been compared to gold above ground,” he said. “And as of a couple of days ago from when I put that report out, the gold mining stocks were up more than 20%, and gold was down about 1% or 2%. But now, on Friday, gold hit a new record high, and the gold stocks are now at new highs.”

https://quoththeraven.substack.com/p/gold-to-6000-next-year-peter-schiff

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