Kevin Smith: Gold Price to Hit US$20,000, This is the Real Opportunity

About this episode

Kevin Smith of Crescat Capital shares his outlook for gold, including two paths it can take to reach his US$20,000 per ounce price target. He also explains why junior miners represent the biggest chance for gains. "The real opportunity we see is in the juniors, where there's even better value and better growth ahead," Smith said. Companies mentioned by Kevin in the interview (in order): Sitka Gold (TSXV:SIG,OTCQX:SITKF), Eloro Resources (TSX:ELO,OTCQX:ELRRF), BCM Resources (TSXV:B,OTCPL:BCMRF). Read Crescat Capital's investor letters: https://www.crescat.net/investment-research/investor-letters/ This interview was filmed on September 22, 2026. 0:00 - Intro 0:20 - Still early days for gold…