Gold stocks: The best is yet to come | Kitco News

This article presents technical analysis expert Stewart Thomson's perspective on gold, silver, and mining stocks during the current global fiat currency crisis. Thomson argues that investors should focus on accumulating precious metals rather than attempting to predict price tops, emphasizing gold's role as the ultimate store of value while traditional currencies face declining confidence worldwide.

Thomson applies Elliott Wave analysis to forecast significant price movements across precious metals markets. Using wave pattern analysis, he suggests gold could reach targets between $10,000-$20,000 in the coming wave cycle, driven by global institutional loss of confidence in fiat currencies. He positions this as part of a broader economic transition from Western debt-based systems to Eastern gold-oriented economies.

• Gold currently trades in a major C wave with potential targets of $3,800-$10,000 before a correction creates buying opportunities
• Silver remains significantly undervalued compared to gold, with potential targets of $100-$400 based on a 45-year base pattern formation
• Mining stocks show explosive potential through inverse head-and-shoulders patterns, particularly junior miners positioned for substantial outperformance
• Global confidence crisis in fiat currencies and government institutions creates unprecedented bullish fundamentals for precious metals investing