The David Lin Report Gold's Violent Reversal: CEO Predicts Historic 'Buying Frenzy' to $8,000 | Mike Allen
Feb 8, 2026
Mike Allen, geologist and CEO of StrikePoint Gold, leads exploration in Nevada and junior mining. He discusses the recent gold and silver pullback as profit-taking. He explains why higher prices change project economics and make bold exploration viable. He outlines StrikePoint’s Hercules targets, planned drilling, timelines and possible valuation upside if resources convert.
AI Snips
Chapters
Transcript
Episode notes
Mining Lacks Oil-Style Disruption
- Heap leaching in the 1960s was the last transformational innovation for gold mining.
- Since then advances are incremental, partly because mining paybacks are measured in years, not days like oil.
Use Price Cycles To Guide Strategy
- Expect the mining cycle to respond to prices: high prices trigger new mines and exploration.
- Use cyclical economics to time investments and project development decisions accordingly.
Western Catch-Up Could Fuel A Supercycle
- Mike projects $7,000–$8,000 gold within years and forecasts a Western-driven commodity supercycle.
- He expects infrastructure and mineral independence to drive sustained demand next decade.