METALS SUPERCYCLE ALERT 🚨
Step aside $BTC — a new (well, old) store of value is taking center stage. Bank of America’s Michael Widmer just dropped the **2026 roadmap**, and it’s not just bullish — it’s **generational-wealth bullish**.
🔱 **Gold’s Spotlight: $5,000/oz**
Gold is the “Primary Performance Driver” for 2026.
• Target: Average ~$4,538, with a clear path to $5,000
• Catalyst: U.S. fiscal debt + central bank rotation
Gold is no longer just a hedge — it’s the anchor of modern portfolios.
⚡ **Silver’s Sprint: $135–$309?**
Silver is the “high-beta” sibling of Gold. When Gold moves, Silver races.
• Gold-to-Silver ratio at 1980 levels (14:1) → $309 Silver
• Ratio at 2011 levels (32:1) → $135 Silver
The upside from today’s prices? Explosive.
📉 **Why 2026? Supply Crunch**
• Mine supply dropping 2% for major producers
• Production costs (AISC) rising to $1,600/oz
• Just a 14% boost in retail demand could hit that $5k Gold target
🛠️ **How to Play It:**
• **Direct exposure:** $XAU (Gold) for stability, XAG (Silver) for the moonshot
• **The miners:** North American free-cash-flow leaders with record EBITDA growth
• **ETFs:** $GLD, $SLV, $GDX / $GDXJ
💡 **Bottom line:** Early positioning matters — the crowd hasn’t arrived yet. 2026 could belong to metals.
Are you stacking physical or riding paper? Drop your 2026 targets below!
