The Gold Selloff Wasn't The Problem; It Was The Opportunity | Don Durrett

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Don Durrett of GoldStockData says the gold/miner selloff was a buying opportunity rather than a signal that the bull market is over. He argues the first leg of the move ran from August 2024 to the January peak around $5,600 gold and $120 silver, but says “leg two” has not started yet and sees roughly a 50/50 chance of one more correction before the next sustained advance. Durrett’s near-term bearish-risk call is for a dip toward $3,750 gold before November, warning that buyers at current levels could be “catching a falling knife.” Longer term, he remains constructive and frames the setup as a “trade of a lifetime,” with conservative upside targets of $7,000 gold and $200 silver. On the equity side, he says that would translate into roughly 5x returns for major gold miners and 6-8x for top silver names, with development-stage projects offering more torque. He also argues most investors should consider an ETF rather than individual miners because the volatility is extreme, citing gold’s 29% and silver’s 55% drawdown from the January highs.