The David Lin Report · Thursday, July 30, 2026
Brien Lundin explains that the recent gold bull market was initially driven by central bank purchases, causing mining stocks and silver to lag behind. This provided an opportunity for investors to acquire these assets at historically low levels before the market shifted to a more typical pattern driven by Western investors and algorithmic trading.
“And that really gave us a big advantage because central banks don't buy mining stocks, they don't buy silver.”
“And so those assets, uh, remain kind of in the doldrums. They were remained at really, uh, historically low levels.”
“Now, that's changed. We're in more of a typical gold bull market, one that's driven by Western investors and in this case, Western traders and more specifically, algos that are are trading the market on a very hot money basis, as it were.”