Rising tensions in the Middle East and a surge in oil prices sent gold briefly above $5,400, but Dr. James Thorne says investors should separate short-term shocks from long-term trends. Speaking with Kitco News at PDAC 2026, the Wellington-Altus Chief Market Strategist described the move as “a temporary spike if we’re long-term investors,” adding that “in a bull market, you can have a 50% correction at any time and still have the secular bull market in place.”
Thorne believes gold remains in a structural repricing cycle and reiterated, “By the end of the decade, I’m saying gold’s gonna be 10,000.” However, he cautioned that the safety trade may be crowded and advised investors to rebalance rather than chase momentum. Thorne also outlined what he views as an eventual “Bretton Woods 2.0,” arguing the global system is moving toward a new monetary framework that could incorporate both hard assets and digital infrastructure.
Recorded March 02, 2026.
00:39 – Is Gold Overheating
02:59 – Rotate Into Tech and Crypto
04:21 – Mining M&A Still in Early Days
05:35 – Inflation, Rates, and Oil Shock
07:02 – Is Canada Open for Business?
09:11 – Energy Security Wake Up Call
12:07 – Bureaucracy vs Competitiveness
14:16 – Bretton Woods 2.0 Framework
18:44 – Gold Revaluation and US Reserves
21:40 – Bitcoin vs Gold Outlook
Special thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.
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