Chief Macro Strategist, Contrarian Macro Advisors
6 dated public stances tracked since 2025-05-21, most recently 2025-05-21. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of David Hunter's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. David Hunter is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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Returns 90d +7.3% 80% correct · 5 calls · 180d +22.4% 100% correct · 5 calls · 1y +47.5% 100% correct · 5 calls
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|
| 2025-05-21 | SPX | bullish | +10.1% | +14.9% | +28.9% |
| 2025-05-21 | SILVER | bullish | +11.0% | +49.0% | +127.6% |
| 2025-05-21 | Long Dur Treasuries | bullish | +4.4% | +8.5% | +4.9% |
| 2025-05-21 | GOLD | bullish | -0.2% | +21.5% | +36.4% |
| 2025-05-21 | Big Tech | bullish | +11.1% | +17.9% | +39.9% |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|
| Big Tech | 1 | | 1 bullish | 2025-05-21 |
| GOLD | 1 | | 1 bullish | 2025-05-21 |
| Long Dur Treasuries | 1 | | 1 bullish | 2025-05-21 |
| NATURAL GAS | 1 | | 1 bullish | 2025-05-21 |
| SILVER | 1 | | 1 bullish | 2025-05-21 |
| SPX | 1 | | 1 bullish | 2025-05-21 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2025-05-21
Big Tech
bullish
Wealthion · video
Same melt-up thesis as S&P — Fed capitulation + bearish institutional repositioning drives a final leg higher before the secular peak
“raised my NASDAQ target from 25,000 to 27,000”
90d +11.1% · 180d +17.9% · 1y +39.9%
David Hunter WARNS: Final Melt-Up to S&P 8000 - Then an 80 % Crash
2025-05-21
GOLD
bullish
Wealthion · video
Fed monetary easing cycle plus structural dollar debasement supports gold to $4,000; Hunter has been a consistent bull through prior drawdowns
“I have a 4,000 target on gold”
90d -0.2% · 180d +21.5% · 1y +36.4%
David Hunter WARNS: Final Melt-Up to S&P 8000 - Then an 80 % Crash
2025-05-21
SILVER
bullish
Wealthion · video
The gold/silver ratio is historically extended and will roll over in silver's favor as the melt-up continues; silver will far outperform gold through year-end with a $75 target
“you are going to begin to finally see that gold silver ratio start to favor silver”
90d +11.0% · 180d +49.0% · 1y +127.6%
David Hunter WARNS: Final Melt-Up to S&P 8000 - Then an 80 % Crash
2025-05-21
NATURAL GAS
bullish
Wealthion · video
Natural gas has been suppressed by record supply discovery throughout this cycle, creating a deeply undervalued entry into the 2030s commodity supercycle where a $50 target is achievable
“natural gas, which has been on the floor through this whole cycle — I would not be surprised to see natural gas at $50”
David Hunter WARNS: Final Melt-Up to S&P 8000 - Then an 80 % Crash
2025-05-21
Long Dur Treasuries
bullish
Wealthion · video
The Fed is behind the curve and a weakening economy will force bond yields from the current ~4.5% area down to 2.5-3% in the next 3-6 months as the market prices in aggressive cuts ahead of the Fed itself
“the 10-year can fall to as low as 2 and a half 3% during the final melt-up”
90d +4.4% · 180d +8.5% · 1y +4.9%
David Hunter WARNS: Final Melt-Up to S&P 8000 - Then an 80 % Crash
2025-05-21
SPX
bullish
Wealthion · video
Bearish institutional positioning creates a wall of worry that forces short-covering as the Fed panic-cuts into a weakening economy, fueling a final parabolic melt-up that closes the 43-year secular bull market
“I continue to say we're in a final melt-up, final leg of a 43-year secular bull market”
90d +10.1% · 180d +14.9% · 1y +28.9%
David Hunter WARNS: Final Melt-Up to S&P 8000 - Then an 80 % Crash
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