Wealthion · Tuesday, June 30, 2026
Francis Hunt notes that gold prices have seen a significant pullback, down over 11% in June and 30% from their peak. However, he advises investors not to lose faith, stating that this is a small leg in an ongoing larger run. He predicts a more prolonged pullback due to previous rapid gains but believes gold and silver will eventually base out and reassert their upward trend.
“Um, this is the gold and silver story, which I'll answer your question on.”
“Uh, people shouldn't lose too much faith, but it's also not going to be over in a second either, in terms of the pullback.”
“So we could have a more prolonged pullback because of what we did, but in the longer run, we will base out and reassert. We expect continuation rather than this being a top.”