Investors / stance tracking
What Trey Reik is saying
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11 dated public stances tracked since 2025-03-26, most recently 2026-10-28. 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 Trey Reik'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. Trey Reik is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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11
tracked stances
5
themes
1
side flips
2026-10-28
last heard
Returns 90d +20.1% 86% correct · 7 calls · 180d +33.3% 86% correct · 7 calls · 1y +21.0% 86% correct · 7 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 |
|---|---|---|---|---|---|
| 2025-10-07 | long SILVER / long Gold Miners | pair | +37.5% | +37.6% | +17.9% |
| 2025-09-17 | long GOLD / short SPX | pair | +7.1% | +17.3% | +0.6% |
| 2025-09-17 | SILVER | bullish | +52.8% | +93.8% | +56.0% |
| 2025-09-17 | Gold Miners | bullish | +23.6% | +38.5% | +40.7% |
| 2025-09-17 | GOLD | bullish | +17.5% | +36.6% | +18.2% |
| 2025-04-07 | GOLD | bullish | +12.3% | +33.1% | +57.8% |
| 2025-03-26 | GOLD | bearish | -10.0% | -24.0% | -44.0% |
View flips
Where the tracked view on a theme reversed between appearances — bullish to bearish or back. Dates are the episodes on each side of the turn.
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| GOLD | 4 | 3 bullish / 1 bearish | 2026-09-14 | |
| Gold Miners | 2 | 2 bullish | 2026-10-27 | |
| IAUX | 1 | 1 bullish | 2026-09-02 | |
| Long Dur Treasuries | 1 | 1 bullish | 2026-10-28 | |
| SILVER | 1 | 1 bullish | 2025-09-17 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-10-28
Long Dur Treasuries
bullish
Wealthion · video
US debt service costs are growing at 7.5% annually while tax receipts grow at 4%, making further Fed rate hikes economically untenable and the Fed will intervene on the long end if needed, making significant further increases in 10- and 30-year yields very…
“the likelihood of long rates increasing much from here are very very slim”
Housing Weakness is spreading to luxury buyers | Ivy Zelman
2026-10-27
Gold Miners
bullish
Wealthion · video
Large-cap gold miners are down only 29% from the March highs versus gold's 25% decline — far less than the historical 150-200% leverage ratio to the downside — signaling that long-term bullion investors retain confidence and miners will disproportionately…
“That's literally the time you want to just back up the truck because they double before the S&P even gets up 10 or 15%.”
Gold Could Plunge to $3,600 If This Critical Level Breaks
Said again: 2026-10-28 (Wealthion)
Gold miners have been excessively punished by fears of rising diesel/oil input costs that are materially overstated — a 30% diesel increase adds only ~$18 (1.6%) to a miner like Agnico Eagle's ~$1,116 cash cost per ounce — making the sector's selloff relative…
“gold's been unduly punished. Miners have been triply unduly punished because of this rising oil price. And this is a great opportunity.”
The Bond Market Is in Revolt — Is Money Printing Next?
2026-09-02
IAUX
bullish
Wealthion · video
i-80 Gold's Nevada asset base, completed recapitalization, and production growth roadmap to 600k oz by early 2030s make it a top holding candidate over a 3–5 year horizon
“IAUX is certainly on the top of my list of companies I want to be involved with over the next 3 to 5 years”
Gold Just Snapped Back. i-80 Gold CEO Sees a 20-Year Bull Run
2025-10-07
long SILVER / long Gold Miners
pair
Wealthion · video
After each of the last six Fed easing pivots silver mining equities have outperformed gold mining equities by a wide margin because silver uniquely combines industrial demand acceleration (growth optimism) with monetary safe-haven demand, and the current Fed…
“silver equities tend to outperform…I think that bodes very well for the next 12 months”
90d +37.5% · 180d +37.6% · 1y +17.9%
Trey Reik’s Silver Masterclass: Why Silver Could Surge to $100 as Gold Breaks New Highs
2025-09-17
long GOLD / short SPX
pair
Wealthion · video
S&P 500 is down 67% in gold terms since March 2000 and sits at historically extreme valuations (concentrated, expensive, sentiment at highs), making a rotation from S&P into gold enormously profitable over the next 3–10 years as the debt-to-GDP doom loop…
“a sale of S&P exposure to gold is going to turn out to be enormously profitable over the next three five 10 years”
90d +7.1% · 180d +17.3% · 1y +0.6%
Gold's Boom is Just Starting! Trey Reik's Masterclass on Gold
2025-09-17
Gold Miners
bullish
Wealthion · video
Gold miners' all-in sustaining costs haven't risen proportionally to gold prices, so with gold ~$1,000/oz above full-year 2024 average, free cash flows at major producers are set to roughly double, historically driving outsized equity re-rating toward 2x NAV…
“if gold stays anywhere near these levels... some of these earnings are going to be... we're going to double the cash flows”
90d +23.6% · 180d +38.5% · 1y +40.7%
Gold's Boom is Just Starting! Trey Reik's Masterclass on Gold
Three converging long-term fundamentals—$2T+ structural US deficits, global central banks rotating from Treasuries to gold (China up 18% gold oz, down 26% Treasuries since Feb 2022), and eroding Fed credibility—have hit tipping points that won't reverse in…
“tell me right now who is gonna sell their gold... there just no sellers”
90d +17.5% · 180d +36.6% · 1y +18.2%
Gold's Boom is Just Starting! Trey Reik's Masterclass on Gold
Said again: 2025-09-24 (Wealthion), 2025-10-07 (Wealthion), 2025-10-13 (Wealthion), 2025-10-27 (Wealthion)
Silver is beginning to outperform gold, which is typical at this stage of a precious metals bull cycle, suggesting silver offers additional upside beyond gold's already strong run
“silver was up 21%... this year it's starting to outperform gold, which is typical for this point in the cycle”
90d +52.8% · 180d +93.8% · 1y +56.0%
Gold's Boom is Just Starting! Trey Reik's Masterclass on Gold
Large-cap gold majors struggle to replace reserves at scale, making the middle part of the market structure the best opportunity within gold equities
“it's so hard for Barrick and Newmont to replace their reserves”
90d +12.3% · 180d +33.1% · 1y +57.8%
Scott Bessent Endorsed Gold? | Wealthion Flash Market Report
Major gold miners exhibit negative survivorship bias—share counts have doubled over 15 years via acquisitions at cycle tops without growing reserves or production, causing 25-year structural underperformance vs. the gold price (Barrick +25% vs. gold +800%)
“perhaps it's best to avoid the very largest companies — I call that the negative survivorship bias”
90d -10.0% · 180d -24.0% · 1y -44.0%
How to Invest in the Gold Exploration Sector
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