The David Lin Report Gold Momentum Explodes: ‘No Bear Case For Gold’, Says Analyst | Kai Hoffmann
Oct 7, 2025
Kai Hoffmann, the Founder and Managing Director of Soar Financial Partners, dives into the burgeoning world of gold investment. He discusses how institutional investors are driving gold prices to new heights, likening today’s market dynamics to the past but with distinctive features. Hoffmann emphasizes that mid-tier gold miners offer the best opportunities, and he explores the interplay between gold, stocks, and Bitcoin amid geopolitical tensions. He also predicts a bright outlook for gold through 2026, with a surge in drilling and growing interest in copper due to rising AI demands.
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Financing Is Rising But Not Frenzied
- 2011's financing frenzy was larger but 2025 is catching up with institutional flows and big transactions.
- Financing volume sits around 2024 levels but hasn't reached the generalist retail euphoria yet.
Institutions Lead The Rally
- Institutions, not retail, are the primary buyers driving gold and miner moves this year.
- Professional allocators and funds are writing large checks and pushing the rally.
Multiple Macro Drivers Aligned
- Gold, stocks, and Bitcoin rose together due to combined factors: geopolitics, debt, weaker dollar and ETF inflows.
- Central banks buying and renewed ETF inflows amplified momentum across assets.