Gold's Crash Is Over: CEO Reveals New Floor | Mike Allen

Watch on YouTube ↗  |  July 21, 2026 at 19:29  |  35:09  |  The David Lin Report
Speakers
Mike Allen — CEO, Strike Point Gold

Summary

Mike Allen, CEO of StrikePoint Gold, sees gold building a base at $4,000 with a long-term uptrend, views copper as the top play for a Western industrial catch-up, and argues senior gold miners are heavily leveraged to current prices. He also highlights StrikePoint Gold as oversold with a resource estimate catalyst later this year.

  • Gold correction likely over, $4,000 is new floor and uptrend should resume.
  • Copper is the prime commodity for the Western industrialization catch-up.
  • Senior gold miners offer massive leverage to gold price at $4,000.
  • StrikePoint Gold (SKP) oversold after gold pullback; drill results and upcoming resource estimate provide catalysts.
  • Nevada remains a premier mining jurisdiction with unique geology and infrastructure.
  • Higher gold prices expand mineable resources, but skilled labor and rig shortages are emerging.
  • M&A may pick up as pullback created bargains, though dilution concerns temper activity.
Ideas
Mike Allen CEO, Strike Point Gold 2:26
Gold floor at $4,000, uptrend continues
Gold has built a solid base around $4,000 after a correction from $5,500. The long-term trend remains up, and the pullback offers a buying opportunity as the world adjusts to this new price level.
GLD MED
Mike Allen CEO, Strike Point Gold 2:53
Copper best for Western industrial catch-up
For the Western industrial catch-up, copper is the best commodity because modern civilization and all data transmission rely on copper, making it a very interesting place to be.
COPPER MED
Mike Allen CEO, Strike Point Gold 9:52
StrikePoint oversold, resource estimate catalyst
StrikePoint Gold was oversold during the gold pullback, but the company has fundamentally good assets like the Hercules gold project. Recent drill results and an upcoming initial resource estimate in Q4 are catalysts, making the current level a good entry point.
SKP.V STKXF HIGH
Mike Allen CEO, Strike Point Gold 12:42
Senior gold miners leveraged to $4,000 gold
Senior gold producers have massive operational leverage to $4,000 gold because every truck of ore carries thousands of dollars of metal, and with thousands of trucks daily the profit multiplier is huge. The GDX index is down 35% from its highs, creating an opportunity to reload or enter.
GDX HIGH
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This The David Lin Report video, published July 21, 2026, features Mike Allen discussing GLD, COPPER, SKP.V, STKXF, GDX. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Mike Allen  · Tickers: GLD, COPPER, SKP.V, STKXF, GDX