Happy Thursday, GoldBuzzers!

A $10,000 gold forecast landed on the most-watched political account in the country this week, and the story is about much more than just the number. It's the plumbing underneath it: a presidential feed with a documented record of moving prices, and a new six-figure subscription that gives trading firms millisecond access to it.

Ok. Let’s get into it. ⬇️

Gold took a breather on Wednesday, easing back toward $4,600 an ounce after briefly punching above $4,700 earlier in the session, still within sight of its three-month high. The culprit was inflation: headline PCE, the Fed's preferred gauge, held at 3.7 percent in July, a touch hotter than forecast and well above the two percent target.

That keeps a September rate hike on the table, with markets putting the odds around one in three heading into Fed Chair Kevin Warsh's Jackson Hole speech on Friday. Don't expect him to tip his hand. The bigger picture hasn't changed, though.

The debasement trade keeps a floor under both metals as investors hedge against a softer dollar and a growing US debt load, and China's net gold imports through Hong Kong climbed about 11 percent in July on stronger investment demand.

Silver held its ground at $68.72, roughly flat on the day but still up around 18 percent this month, with steady industrial buying from solar makers and data centers doing plenty of the heavy lifting.

On Monday morning, President Trump posted a Jim Rickards video to his Truth Social account. In it, the long-time gold commentator says it wouldn't surprise him "even a little bit" to see gold at $10,000 an ounce before the end of 2026, and that $20,000 is "not out of the question."

Rickards ties the call to what he describes as coming midterm turmoil: high-profile prosecutions, standoffs between Washington and sanctuary states, street-level unrest, a constitutional fight over presidential power, and conflict in the Middle East. His argument is that all of it shakes confidence in government and in paper assets. When confidence cracks, he says, money flows to gold. He also mentions that he personally owns more than $1 million in physical gold and is still buying.

That's the video. Now look at what's sitting around it.

The numbers next to the forecast

Gold spent Monday and Tuesday at three-month highs, with futures brushing $4,700 before easing back toward $4,600 after Wednesday's July PCE report. That report ran slightly hot. Headline inflation rose 0.2 percent for the month against expectations of 0.1 percent, putting the annual rate at 3.7 percent. Core came in as expected.

Meanwhile, the official U.S. gold stock is still carried on the Treasury's books at $42.22 an ounce. A statutory relic from 1973, sitting next to a $4,600 market price and a presidential share of a $10,000 forecast. That gap is why the clip spread through precious metals circles within hours.

And one more number for context. The federal debt crossed $40 trillion last Wednesday, five months after it crossed $39 trillion. Interest costs are now projected to top $1 trillion this year.

A feed with a track record

Trump's Truth Social posts have a documented habit of moving prices. A CNN investigation published in July found he had posted complimentary messages about more than 20 companies within days of buying their shares. The White House says the president's trades are managed by an independent third party and denies any conflict of interest.

The clearest single example came in April. Palantir was down as much as 16 percent on the day when Trump posted praise for the company, naming it by ticker symbol. The stock snapped back within minutes and kept recovering over the following two weeks. Similar short-term moves have followed posts about Nvidia, Intel, and Citigroup. Policy posts on tariffs, Iran, and energy have jolted stocks, oil, and currencies. Trading firms already run algorithms that scan the account for keywords.

The paid lane

That machinery now has a subscription tier. On August 1, Trump Media launched Truth API, a high-speed data feed of the platform's most-followed accounts, with Trump's as the centerpiece, sold to banks and trading firms. Reported pricing runs up to $100,000 a month, with a $60,000 rate for firms signing three-year commitments. The company says customers receive posts within milliseconds of publication, not before.

Two Democratic senators have asked the SEC to review the product, arguing it sells a speed advantage on presidential statements that move markets. Trump Media rejects that characterization and says the posts are public information. Either way, the practical picture is the same: professional traders are now wired directly into the account, and they're paying six figures a month for the privilege.

What the video is, and what it isn't

Some gold commentators have gone further this week, asking whether the post hints at an official revaluation of U.S. gold reserves. I think it’s worth being precise here. The video announces no Treasury policy and no new official gold price. It's a promotional presentation for a paid newsletter, and Rickards has made versions of the $10,000 argument for years.

A Truth Social share isn't a Fed order. It doesn't force anyone to buy an ounce.

However, what it does is put an aggressive price target in front of a far larger audience at a sensitive moment. Inflation is sticky, as Wednesday's PCE confirmed. The debt just crossed $40 trillion. The fiscal dominance argument, the idea that the government can't sustain high rates without exploding interest costs, is circulating well beyond gold circles now. Rickards' thesis is simpler and more political: confidence is the variable, and he thinks it's about to crack. He flags gold miners as the higher-octane way to express the same view.

The takeaway

For GoldBuzzers, the practical read is narrower than the headlines. The President just put a forecast in front of nine million followers that has gold more than doubling from current levels by year-end. While none of that guarantees $10,000 gold in four months, markets have repeatedly treated his posts as trading events and hedge funds are paying serious money for faster access to those posts.

The next real test comes on Friday, when Fed Chair Warsh speaks at Jackson Hole.

In my view, the true significance of this story is simpler. The idea of $10,000 gold is no longer confined to the corners of the market that were already paying attention. It's now part of the same mainstream information flow that has already moved stocks, oil, and currencies. Gold just joined the list.

That’s all for this Thursday, folks. I’ll see you on Sunday.

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Rick Adams
Founder, GoldBuzz
rick@goldbuzz.com