Thursday, February 12, 2026

When to buy gold (mathematically)

Three times over the last 30 years.

That’s how often I’ve received the signal to go “all-in” on gold.

The first time was back in the 2000s…

The dot-com mania was nearing its peak, money was flooding into any and all tech stocks, and equity valuations were trading at nosebleed levels. 

I was in my mid-20’s. Just starting my first business. 

And although I didn’t have much capital to spare, I scrounged together as much money as I could to load up not on tech stocks… but on gold coins.

At the time, gold was despised by Wall Street.

Goldman Sachs called it “a 19th-century asset.”

One of Merrill Lynch’s top investment analysts said that it was only for “grandmothers and conspiracy theorists.”

And two of America’s leading economists at the time called it a “barren asset.”

Yet, I chose to go in at under $300 an ounce. 

My second signal came in 2008 when, amidst the chaos of the financial crisis, gold prices dropped briefly below $800 an ounce… and I once again went “all-in” on gold.

And a little over a year ago, I did it again… 

I moved roughly 50% of my liquid net worth into gold and Bitcoin:

Three “all-in” decisions… Each of which seemed crazy to most at the time. 

But for me… it was the most obvious move to make. 

Why? 

It’s all thanks to an incredible secret I learned from famed economist Kurt Richebächer - the last of the true Austrian economists.

What he taught me has been incredibly accurate at predicting the price of gold over the years. 

It’s helped me make an absolute killing each of the three times I went “all-in.” 

And right now, it is again predicting a shocking new price for gold in the near future. 

Click here to see my full prediction for gold now. 

Good Investing, 

Porter Stansberry 


 
 
 
 
 
 

Today's Bonus Content

Sandisk's Swings Are Getting Bigger—Here's How to Play Them 

Author: Sam Quirke. Posted: 2/5/2026.

Red SanDisk external SSD on a gray surface beneath a glowing red SanDisk logo, clean product-style lighting.

Summary

  • Shares of Sandisk have surged almost 150% since the start of January. At one point, it was up almost 1,800% over the past year. 
  • This comes with increased volatility, however, as recent sessions have seen intraday swings of around 20%.
  • With momentum still strong but technicals clearly overheated, February is about positioning, not chasing.

With its biggest intraday drop in months immediately followed by its biggest intraday gain, Sandisk Corporation (NASDAQ: SNDK) has moved into a new phase of price action. The stock had already been named one of the standout winners of 2025 before adding nearly 200% in the first few weeks of 2026. At one point, it was up about 1,800% since its spinoff from Western Digital.

Those kinds of gains rarely come quietly or in a straight line.

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They typically bring violent swings, shifts in investor confidence, and rapid sentiment changes—often within days. All of that has been on full display in recent sessions.

The Jan. 30 intraday drop of about 20% was followed by nearly a 25% gain the next trading day, a reminder that Sandisk now requires an iron stomach.

As we head through February, the key question for investors isn't whether Sandisk has an attractive long-term story—it clearly does—but how best to use this volatility to an advantage.

Why the Bull Case Is So Strong

Before getting tactical, it helps to understand why buyers are so aggressive on SNDK dips. Since spinning out from Western Digital Corp (NASDAQ: WDC) last year, Sandisk has quickly become one of Wall Street's favorite growth stories.

The appeal is straightforward: the company has broad exposure to artificial intelligence (AI), has recently reported impressively high margins, and demand for its storage products is viewed as less cyclical than much of the broader semiconductor space. That combination is rare in today's equity market.

Those themes were reinforced by last week's earnings report, which beat analyst expectations across the board. Revenue rose more than 60% year-over-year, earnings comfortably exceeded forecasts, and forward guidance stunned the market: fiscal third-quarter adjusted EPS is now expected between $12 and $14 versus prior estimates near $5. That level of optimism helps explain why the Jan. 30 selloff was quickly absorbed and followed by fresh highs.

Because of this fundamental strength, Sandisk should continue to attract buyers even if significant downswings occur. It's the right company, in the right place, at the right time.

Why Volatility Is Likely to Remain

As compelling as the fundamentals are, the technical setup almost guarantees further turbulence. Sandisk's relative strength index (RSI) is approaching 90, a level that signals the stock is extremely overbought.

That doesn't mean SNDK can't climb higher in 2026—it certainly can—but it does suggest sharp pullbacks and bursts of profit-taking over days or weeks should be expected. No stock, no matter how strong the story, moves straight up forever.

With earnings behind it and near-term uncertainty reduced, the market is repricing Sandisk's long-term potential to the upside. The risk is that a sudden selloff—company- or market-driven—gains momentum and spooks investors who bought near recent highs, turning a routine dip into a rougher decline.

2 Ways to Play the Volatility Through February

One approach is patience: wait for a pullback and be ready to act decisively. Given the strength of the recent earnings and the clear appetite to buy weakness, dips should be viewed as opportunities rather than warnings. The danger is deploying too much capital too early if a pullback deepens before stabilizing.

A second approach is to respect the momentum: build a smaller position into the current strength and plan to add on future dips instead of trying to pick a perfect entry. This suits investors comfortable holding through large swings who believe the stock will be materially higher a year from now regardless of near-term volatility.

Recent analyst commentary supports that longer-term confidence. Cantor Fitzgerald reiterated its bullish stance last week with an $800 price target, and UBS followed this week with a $1,000 target. With the stock trading below $700, those targets imply meaningful upside even after the extraordinary rally—investors just need to be prepared to take the lows with the highs.


 

 
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