Wealthion · Thursday, July 16, 2026
Despite potential for more downside, Mark Thornton believes gold and silver prices are showing signs of a bottom, with 'smart money' like China and other central banks loading up on gold. He notes stubbornness in downward pressure on precious metals and mining shares.
“Well, there could be more downside ahead, but I think it looks like a bottom to me.”
“And, um, I think people are sort of circling around and, you know, the, um, the smartest of people are reloading with more gold and silver, like the Chinese are, for example.”
“I mean, China and a lot of the other central banks are loading up on gold.”