Lawrence Lepard said the Iran conflict and fears of a hawkish Fed drove gold, silver and mining stocks lower in Q2 2026, with his EMA fund down 20%. The update

Lawrence Lepard said the Iran conflict and fears of a hawkish Fed drove gold, silver and mining stocks lower in Q2 2026, with his EMA fund down 20%. The update comes despite Lepard’s long-term targets of $7,000 gold, $200 silver and $180,000 bitcoin.