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| By Sean Brodrick |
Gold and silver have been on a wild ride in 2026.
Could we see more stomach-churning volatility ahead? Yes!
Gold could also experience range-bound, sideways action for a while.
Sure, the gold bull stumbled when President Trump made a pick for Federal Reserve chair — Kevin Warsh — who is seen as “hawkish.”
But any bearishness is fighting against forces pushing gold higher.
I’ve pounded the table about this many times …
Central Bank Gold Buying. Net central bank purchases in 2025 were 863 tonnes, near the top of the World Gold Council’s expected range for the year.
The Global "Debasement Trade." Investors and traders are shifting wealth from paper currencies to hard assets.
Why the shift? Debt is ballooning around the world, including in the U.S.
The U.S. national debt doubled in the past 10 years, hitting $38.5 trillion.
One in five of every tax dollar that Uncle Sam collects goes to pay the intereston the debt.
The easiest way out of this mess is for governments to “print” electronic money. You can’t print gold.
Physical Supply Deficits. New, large-scale deposits are not being found fast enough to replace aging mines.
As a result, production can’t keep up with demand.
Global gold production rose last year to 3,672 metric tonnes.
But demand rose even more, to 5,002 tonnes.
Geopolitical Risk. Trump’s “Greenland Gambit” was a punch in the face to the post-Cold War economic order that supports the dollar.
The tariffs aren’t helping either.
Both serve to undercut the dollar and make gold more attractive.
Add in global hotspots around the world, and you can see why gold’s reasserting its role as a safe harbor.
So, yes, I’m still very bullish on gold.
That’s why I raised my gold target to $10,000 last month.
Sure, gold may have more backing and filling to do.
It might not be the time to buy … yet.
But when it’s time to buy again, you’ll want to look at new faces — new companies that could multiply your wealth tenfold!
I have two such stocks for you today.
Contango Ore
In early December, Contango Ore (CTGO), a producing gold miner, and Dolly Varden Silver (DVS), a gold/silver developer, announced what they called a “merger of equals” to create Contango Silver & Gold.
It will keep the Contango ticker: CTGO.
The merger is on track to be completed in late February or early March.
The merger combines Contango’s immediate gold cash flow and Alaskan development pipeline with Dolly Varden’s massive silver-gold resource base in British Columbia.
Contango brings the "engine" of the company — the current production and the next two mines slated for development.
Dolly Varden brings the "scale" — a massive high-grade silver and gold inventory in the southern tip of BC's Golden Triangle.
In Vancouver, I had a chance to speak with Rick Van Nieuwenhuyse, President and CEO of Contango Ore.
He explained why the combination of these two companies will be a mining powerhouse.
Interestingly, Contango’s Manh Choh mine is now in full commercial production. But the company didn’t need to spend hundreds of millions on its own infrastructure.
Instead, it partnered with Kinross Gold to process Manh Choh’s ore at Kinross’s existing Fort Knox mill.
Blue Lagoon Resources
Blue Lagoon Resources (BLAGF) has made the transition from a developer to a producer at its Dome Mountain project in British Columbia.
This is a high-grade story through and through — recent production has focused on mineralized material grading approximately 9 g/t gold.
President and CEO Rana Vig had even more good news to share when he spoke with me at the VRIC …
Along with high gold grades and new targets, investors are paying closer attention to Blue Lagoon’s silver, which, by volume, is roughly four times its gold inventory.
So, we’ve got a producing mine, rising grades and massive exploration upside.
Both companies are on my short list of potential buys.
And I’ll let my paying subscribers know when the next entry point is.
The great thing about new gold producers is they’re underfollowed by Wall Street.
They have so much untapped potential.
And they can turn into multi-baggers in your portfolio.
All the best,
Sean
P.S. For the names of my favorites — along with another major prediction that goes with my $10,000-per-ounce target — watch this to the end.
