David Hunter

David Hunter: Imminent Global Depression 'Bigger Than 2008', Big Reversal Coming For Gold

• Top takeaway As of October 2026 Hunter is calling a final equity melt-up to his targets - S&P 10,000, Nasdaq 36,000, Dow 70,000, Russell 4,000 - topping within 3 to 6 months, followed by a global bust in which the S&P falls 70-80% to around 2,000, which he says would be the biggest bear market since 1929.
• He argues record bearish sentiment marks a major bottom in bonds and a 20-year top in rates, with the 10-year stalling near the 5.35% area last seen in 2007, and sees a good chance of no further Fed hikes.
• On metals he sees gold and silver bottoming now and running to $7,000 gold and $200 silver within 3 to 6 months, then correcting roughly 40-50% and 60-75% in the bust, before a next cycle takes gold to about $20,000 and silver to $1,000 in the early 2030s.
• He expects policymakers' aversion to repeating ZIRP and QE to make their response to the bust slow and reluctant, creating an air pocket, before roughly $50 trillion of global money printing drives about 25% inflation and a collapse by the early-to-mid 2030s.
• He calls mining stocks the cheapest sector, citing operating discipline and record earnings this cycle, and predicts institutional buying - somewhat within six months and far more next cycle - drives a steep, semiconductor-like run.

Hunter argues extreme bearish bond sentiment marks a major top in rates, with the 10-year Treasury back at 2007 levels. He expects oil to roll over into the $60s, driving a downside inflation surprise as a struggling consumer weighs on growth. He sees a 3-6 month melt-up first, with his S&P target at 10,000, before a 70-80% global bust he calls bigger than 2008. Hunter predicts gold at $7,000 and silver at $200 within months, sharp corrections in the bust, then $20,000 gold by the early 2030s. Miners are the cheapest sector, he says, as disciplined management, record earnings, and near-zero institutional ownership set up a re-rating.

David Hunter on the S&P 500, Bonds, Gold & Oil | What Comes Next?

Contrarian David Hunter extends the secular bull call: S&P 500 at 10,000, NASDAQ 36,000, Dow 70,000, with institutions still not fully invested. Hunter warns record debt and derivatives leverage will end the cycle in a global bust that could drive the broad market down 80 percent. He expects bonds to rally as yields roll over but sees oil falling into the 70s and 60s, then the 30s in the bust. Hunter targets 200 silver and 7,000 gold within three to six months, arguing the metals correction shook out weak hands and lows are in. Politics, from the Iran war to the midterms, matters, but Hunter says markets rarely top because of elections.

Global BUST Into Money Printing 'Like Never Before' - Then $20k Gold, $1k Silver: David Hunter

• Top takeaway David Hunter reiterates his call for a global credit bust bigger than 2008-09, predicting that once the financial system is free-falling, central banks (notably the Fed with about $20 trillion) will print money at a scale never seen before.
• Hunter remains bullish on broad indices for the remainder of 2026, raising targets to S&P 10,000, Nasdaq 36,000, Russell 4,000, and Dow 70,000 — roughly 25-30% upside he expects before the top.
• Hunter projects silver at $200 this cycle and gold at $7,000, with both likely to retrace 50-75% during the bust before silver could run toward $1,000 and gold toward $20,000 by 2032-33 from lower bases.
• Hunter argues the 44-year secular bull market that began in August 1982 is ending, with the equity peak likely in 2026 and the bond secular bull peaking late 2027 or early 2028, as PE multiples compress once rates climb from zero toward 20%.
• Hunter advises rotating from today's tech and AI leaders into commodities, miners, copper, gold and silver producers, and industrial stocks for the next cycle, while holding Treasuries and FDIC-insured savings to weather the coming bust.

Hunter forecasts a global credit crisis bigger than 2008, then the Fed printing money like never before — possibly $20 trillion or more. He targets silver at $200 this cycle and gold at $7,000, then sees $20,000 gold and $1,000 silver once a new commodity-led cycle begins. Before the bust, he expects a parabolic blow-off to S&P 10,000 and Dow 70,000, then an 80% drawdown similar to Japan's 1989 lost decades. He expects the next cycle's leadership to flip from tech and AI to commodities, with gold, silver, and copper producers benefiting as inflation returns. His defensive playbook for the coming bust is long-duration Treasuries and FDIC-insured savings, as he expects the 10-year yield to fall toward zero.

$200 SILVER This Year! Bottom Is Likely In | David Hunter

• Top takeaway Hunter targets gold at $7,000 and silver at $200 by end of 2026 and calls the recent precious metals sell-off the bottom after silver dipped under $55 nine trading days earlier
• Hunter sees a final melt-up phase ahead in equities with another 30-40%+ upside led by financials, materials, small caps and biotech before a 44-year secular top forms in 2026
• Hunter predicts a global bust worse than 2008-09 in 2027, with the Fed eventually forced to expand the balance sheet from $6.7T toward $20-30T and the 10-year yield falling toward 0%
• Hunter views the current equity correction as ordinary rotation out of overbought AI and semis (semis up roughly 4x in six months) into lagging groups, not a regime change
• Hunter holds long-term targets of $20,000 gold and $1,000 silver by 2032-33 and frames this year's highs as cyclical rather than secular

Hunter reads the recent gold and silver selloff as a classic sentiment washout, not the start of a bear market. He expects a 2027 global financial bust to force the Fed into unprecedented QE, with the 10-year ultimately headed to zero. Hunter praises Fed Chair Warsh for treating monetary policy as a portfolio manager — focused on trends, not single data points. Even with AI and semiconductors correcting, the broader market has further to run as financials and small caps rotate into leadership.