Chris Blasi: Gold's Run Not Over, Here's What's Really Driving Price

Chris Blasi of Neptune Global says gold remains in a bull market despite a likely summer consolidation phase, arguing the underlying driver is still the secular rise in sovereign debt. His view is straightforward: debt is not going away and is likely to keep compounding, which he believes supports higher gold prices over time. The discussion also extends beyond gold to silver, platinum and palladium, but the transcript available here is only a short description rather than a full interview. No specific price targets, levels, ETF flows, or positioning data are provided, so the piece reads more as a directional macro commentary than a tradable market update. For traders, the near-term takeaway is that Blasi expects consolidation rather than a trend break, which leaves the broader bullish thesis intact. The main catalyst remains macro/fiscal deterioration rather than a metal-specific supply shock, so price action will likely continue to hinge on real yields, the dollar, and risk appetite.