The UNTHINKABLE is about to happen to GOLD & Silver

Felix & Friends (Goat Academy)•Jun 7, 2026

Summary

Felix's main thesis is that gold and silver follow a mechanical four-phase sequence after global crises: panic selling, retail massacre/consolidation, structural buying by central banks, and finally, a recovery to new highs. He argues that we are currently in 'Phase 2,' where higher bond yields and a strong dollar create temporary headwinds that shake out retail investors. Felix highlights that the US national debt has reached $39 trillion, with interest payments now exceeding the defense budget, creating a macro environment where central banks are becoming net buyers of gold for stability.

Felix utilizes the 200-day moving average (MA) as a primary technical indicator, noting that gold and silver are currently trading significantly below this line. Historically, when gold touches or drops below the 200-day MA, it has a 100% positive return rate over the following 12 months, with an average gain of 8%. He specifically points to price targets from major institutions like JP Morgan suggesting gold should be 35-40% higher, potentially reaching the $6,000 range.

Regarding specific equities, Felix focuses on gold miners and royalty companies as leverage plays:

Agnico Eagle Mines (AEM): Felix highlights AEM as a highly efficient producer with an extraction cost of only $1,400 per ounce, ensuring massive profit margins at current spot prices. He identifies a 'heartbeat' chart pattern indicating that selling is fizzling out, though he is waiting for a final confirmation before entering. The stock is positioned as a leverage play where a 10% move in gold can translate to a 30% move in the stock price.

Franco-Nevada (FNV): FNV is categorized as a royalty company that avoids the operational risks of mining by financing projects in exchange for a share of production. Felix notes the company's impressive 88% revenue growth and observes that the technical selling pressure appears to be ending. He favors this business model for its stability and high-quality financial metrics within the precious metals sector.

Wheaton Precious Metals (WPM): Felix describes WPM as a premier streaming company with tremendous revenue growth over the last two quarters and strong cash generation. He notes the stock is currently drifting sideways, which he interprets as a 'setup' phase often ignored by the retail 'herd.' Like the other miners, he is monitoring it closely for an entry point once the current consolidation phase concludes.