Wealthion · Thursday, July 16, 2026
Mark Thornton suggests speculators are focusing on short-term 'steering currents' like the dollar's value, interest rates, and central bank policy expectations, which may not reflect the long-term prospects of gold and silver. He anticipates these currents will reverse, benefiting gold prices.
“So, the speculators, the short-termers are looking at things like the value of the dollar, which has been stronger rather than weaker, even though, you know, the charts clearly show that the, uh, value of the dollar, the long-term trend is down.”
“And right now, again, short-term steering currents that the speculators play attention to, interest rates are relatively stable. So you've got the value of the dollar, uh, you've got, um, interest rates, and then you have expectations about central bank policy.”
“So I think those steering currents that speculators are paying attention to are going to be reversed, instead of being against the gold price, it's going to be for the gold price.”