
Chris Rutherglen
PhD scientist/engineer and Level 3 CFA candidate who publishes The Gold Investor Research Substack and provides quantitative analysis of gold and silver market cycles.
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Jan 26, 2026 • 51min
Chris Rutherglen: Why Gold Has ‘More Room To Run Higher’ | The Case For $24.000 Gold & $840 Silver
Chris Rutherglen, PhD scientist/engineer and Level 3 CFA who runs The Gold Investor Research Substack, lays out a quantitative framework for precious metals cycles. He maps gold to Fed rate phases and mid-cycle multiples. He discusses possible targets from near-term highs to long-term scenarios like $24,000 gold and $840 silver. He also highlights indicators to watch for timing and a potential extra cycle extension.


