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Gold's path to $5,000 is open as a $40T debt burden hits bonds, while 70% of exchange copper risks being stranded in the U.S. Ole Hansen, Head of Commodity Strategy at Saxo Bank, joins Jeremy Szafron to break down the severe dislocations happening across physical metals and sovereign debt.Hansen explains why gold is rallying despite 30-year Treasury yields sitting at multi-year highs, arguing that investors are demanding a premium to hold long-term government paper. In the base metals market, Hansen breaks down the massive $535 LME copper backwardation, warning that tech hyperscalers building AI data centers are now competing directly with governments for capital. He also provides an updated outlook on silver's structural deficit, mining supply constraints, and exact portfolio allocation targets for hard assets. Recorded August 18th 2026Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) Follow Ole S Hansen on X: @Ole_S_Hansen (https://twitter.com/Ole_S_Hansen)TIMESTAMPS:00:00 - Gold Defies Surging Yields01:28 - The Copper Backwardation Shock04:04 - Why Half the World's Copper Is Stranded in the US07:34 - The Prompt-Date Squeeze and LME Risk10:20 - The Aluminum Inventory Mystery11:56 - Why Copper Supply Can't Keep Up16:53 - AI Is Replacing Housing as Copper's Driver21:58 - Crowded Trades and the Pullback Risk25:29 - Copper's Shortage of Metal, Gold's Shortage of Trust27:04 - Why Gold Rises as Real Yields Surge31:17 - Gold's Path to $5,000 by Year-End32:55 - Silver's Deficit and Violent Swings36:25 - If He Could Own Just One Metal40:34 - What Would Break the Copper Bull Case#Gold #Copper #Commodities #Macro #Investing #SaxoBank #OleHansen #Silver #AI #LME #KitcoNews __________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold's $6,000 target is off the table and Kitco technical analyst Gary Wagner has put a new number in its place. Wagner, editor of TheGoldForecast.com, lowered his own $6,000 call on this show a month ago. He returns with $5,000 to $5,100 on the high side before the end of the year, and says the correction that took gold under $4,000 is finished. "We definitely hit a bottom," Wagner tells Kitco News anchor Jeremy Szafron, pointing to a six week base that broke out in the first week of August. "And it hasn't looked back since." Wagner maps the gold price levels that decide it from here. He puts major support at $4,200, short term support around $4,350, and Fibonacci resistance at $4,644, with $4,500 as the next challenge on the way up. On the pattern itself, Wagner says the chart set up as a descending top with a flat bottom, a formation that usually breaks lower inside a downtrend. It broke higher instead, and in his words it did so "really with fury." He also flags a signal that has stopped working after four decades of reading these markets. "The one that used to work that doesn't seem to have the same punch is wars or geopolitical uncertainty," Wagner says. "The US went to war with Iran and gold went down, silver went down." On the Fed, Wagner is anticipating a quarter point rate hike in September and possibly half a point in total by year end, and argues that is not as hawkish as the market has been treating it heading into Jackson Hole. Asked how he is positioned, Wagner says he has spent roughly the last ten months accumulating physical metal for storage rather than trading it, having bought at $1,500 and again at $2,000 and held both. He has traded futures since 1990. Silver's outperformance, the gold to silver ratio, summer liquidity in the gold market, moving averages, rising long yields and what a hawkish surprise would do to $4,500 gold are all covered.Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Gary Wagner on X: @goldforecast (https://x.com/goldforecast)Recorded August 17th 2026CHAPTERS 00:00 Revisiting the $6,000 Gold Call 00:53 Fed Hike Odds Cut in Half 01:45 Wagner's New Gold Targets 03:53 The Bottoming Pattern That Broke Out 06:58 The Resistance and Support Roadmap 09:40 Moving Averages and Rising Yields 10:44 Volume and Summer Liquidity 12:28 For Those Who Bought the Top 17:45 Silver's Surge and the Gold-Silver Ratio 21:01 Why He's Buying Physical Instead Of Trading It 25:27 Why War Stopped Moving Gold 28:25 Jackson Hole and the Hawkish Risk 30:21 Final Levels and Wrap-Up#gold #goldprice #kitconews #silver #silverprice #preciousmetals#goldforecast #garywagner #goldprice2026 #goldsilverratio#technicalanalysis #fed #jacksonhole #investing #kitco__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Don Durrett bought gold and silver miners the whole way down, and he says the last six months were the opportunity, not the problem. But he thinks one more dip is coming before the real move begins.Speaking with Kitco News, the GoldStockData.com founder, who tracks roughly 870 companies and owns 168 of them, said the first leg of this bull market ran from August 2024 to January's peak of $5,600 gold and $120 silver. He believes "leg two" hasn't started yet, puts the odds of one more correction at "about 50/50," and targets a dip near $3,750 before November, meaning buyers at today's levels "could be catching a falling knife." He calls this "the trade of a lifetime," comparing his conviction to Michael Burry's Big Short bet: a near certainty, in his view, where the only real question is timing.Then comes the upside that keeps him buying. At his conservative targets of $7,000 gold and $200 silver, Durrett says the major gold miners print roughly five times their money and the top silver names six to eight times, with the best developers offering far more. For most people, though, he argues an ETF is the smarter play, potentially a four or five-bagger without the stock-picking, because the miners' volatility, gold fell 29% and silver 55% from the January highs, is more than most investors can stomach. He also breaks down his allocation framework, why he owns no copper, and why "not a single silver developer has been acquired" even with silver above $50.Recorded August 6, 2026.Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Don Durrett's research: GoldStockData.com (https://www.goldstockdata.com/)00:00 Gold Miners Rebound: Is the Bottom In?00:57 Why the Bond Market Drives Gold04:31 ETFs vs. Picking Your Own Miners08:05 Gold's Bull Market: The Leg-Two Outlook11:02 The Buy-the-Dip Strategy13:12 Coeur and the Case for "Baggers"15:38 Why Mining Is a Strange Business18:38 Junior Leverage and the "Mormons" List20:50 His Portfolio Allocation Framework23:49 Timing Leg Two: Don't Be Late27:07 Insider Ownership and Takeouts29:26 Who's Buying Who in Gold M&A31:47 Australia and Canada Takeover Targets40:53 Why He Owns No Copper#Gold #Silver #GoldStocks #DonDurrett #KitcoNews__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold ran about $300 in days, and copper set an all-time record in New York, and neither move had much to do with anyone wanting more of them. This week the Fed quietly opened a window letting Japan borrow dollars against the American debt it already owns, Congo banned copper and cobalt exports, a quarter of the world's sulfuric acid supply vanished, and global debt hit a record $353 trillion.From Kitco News, Jeremy Szafron breaks down the week with three guests who don't agree on much: chart trader Florian Grummes, who tore up his cash position and called it "back to money printing"; economic historian Phillip Magness on why a trillion dollars of U.S. gold still sits on the books at $42 an ounce; and Don Durrett, who owns 168 mining companies and flatly refused to name his top three. Recorded August 6, 2026.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Florian Grummes says gold's break above 4,200 was the signal he had been waiting for, and he has moved from 50% invested to 80% invested on the back of it.The founder of Midas Touch Consulting tells Kitco News anchor Jeremy Szafron that the trigger was not the metal itself but the Federal Reserve's new facility accepting Japanese collateral, which he calls "back to money printing" and compares in direction to the swap lines used during the Credit Suisse rescue.He is buying juniors rather than producers, and he names two he owns. His screen is counterintuitive. He wants a stock that has already outperformed the metal, because that is the proof it will move when gold moves. He expects a wave of mining M&A over the next one to three years as producers redeploy the cash they are generating at these prices.On price he sees 4,500 gold this summer and 70 dollar silver, and he says plainly that he does not expect a new all-time high this year. For anyone sitting on a 30 to 60 percent drawdown in juniors, his advice is to average down.He also explains why he is watching Hong Kong and Shanghai more closely than Singapore, and what 25 years of watching the tape tells him about why the metals so often fade in the Western session and rally in Asia.Recorded August 5th 2026Follow Jeremy Szafron on Twitter: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)Follow Florian Grummes on Twitter: @FlorianGrummes (https://twitter.com/floriangrummes) 00:00 Gold Breaks Its Summer Ceiling01:05 Gold's Signal Took Him to 80% Invested03:27 The Fed's Japan Facility and Money Printing07:59 Gold to $4,500 but No New Record09:37 Silver to $70 and the Miners Setup11:11 Why He's Stacking Platinum14:17 Buying Juniors: His Exact Filter18:15 Hong Kong and Shanghai Gold Hubs23:53 The Dollar and Where Gold Fits Now27:24 The One Trade to Avoid Now#gold #goldprice #silver #silverprice #preciousmetals #goldstocks #juniorminers #federalreserve #kitconews__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Economic historian Phillip Magness tells Kitco News anchor Jeremy Szafron that Americans who surrendered gold in 1933 at $20.67 an ounce got none of the gain when Washington repriced it at $35 less than ten months later. "It's always the private sector that gets the bad end of it." America's 261.5 million ounces are still carried on the federal books at $42.22 an ounce, about $11 billion against more than $1 trillion at market.Economic historian Phillip Magness tells Kitco News anchor Jeremy Szafron that Americans who surrendered gold in 1933 at $20.67 an ounce got none of the gain when Washington repriced it at $35 less than ten months later. "It's always the private sector that gets the bad end of it." America's 261.5 million ounces are still carried on the federal books at $42.22 an ounce, about $11 billion against more than $1 trillion at market.Magness traces the line from the 1933 gold surrender and the Gold Reserve Act through Bretton Woods, the 1971 Nixon shock and the Smithsonian Agreement, to the accounting price still sitting on the federal books today. Two billion dollars of the Treasury's 1934 revaluation gain went into the Exchange Stabilization Fund, which the Treasury can still use in currency markets. Magness calls the $42.22 valuation "one of the great mysteries that comes out of the Nixon era."Also in the interview: whether anyone holding coins participates when a government reprices its gold, what would actually have to happen for a revaluation to become money the government could spend, why revaluation keeps returning whenever Washington wants financial room without raising taxes, how much public warning there was in 1933, and the single condition Magness says made it possible. Plus why Spain grew poorer despite receiving enormous quantities of New World bullion, and when America's gold was last independently audited.Recorded August 3 2026Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) Follow Phillip Magness on X: @PhilWMagness (https://twitter.com/PhilWMagness)00:00  1933: AMERICANS ORDERED TO SURRENDER GOLD01:46  HOW THE 1933 GOLD ORDER WORKED03:12  WHY FDR BROKE THE GOLD LINK05:51  PHYSICAL GOLD VS. PAPER CLAIMS07:36  THE $2.8 BILLION GOLD REVALUATION GAIN09:15  FROM BRETTON WOODS TO THE NIXON SHOCK13:03  WHEN GOLD WAS MISTAKEN FOR NATIONAL WEALTH16:54  WHY U.S. GOLD IS STILL BOOKED AT $42.2220:21  WHO CAPTURED THE REVALUATION GAIN?23:40  REVALUING GOLD TO HELP FUND BITCOIN?25:59  HOW MUCH WARNING DID AMERICANS RECEIVE?27:20  EMERGENCY POWERS THEN AND NOW29:04  THE FORT KNOX AUDIT DEBATE31:18  WHY CENTRAL BANKS ARE BUYING GOLD32:20  WHAT HAPPENS WHEN MONEY LOSES TRUST?34:15  COPPER AND THE RETURN OF MERCANTILISM39:33  WHAT GOLD HOLDERS SHOULD LEARN FROM 1933#Gold #GoldStandard #JeremySzafron__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

The bond market just delivered a sharp rejection to the Federal Reserve’s latest rate decision, pushing 30-year Treasury yields to 19-year highs as inflation fears persist. Meanwhile, three top macro strategists—Gareth Soloway, Willem Middelkoop, and Mike McGlone—issue three completely conflicting calls on where gold, bonds, and energy go from here.In this episode of "This Week in Focus," Senior Anchor Jeremy Szafron breaks down the breakdown in traditional market correlations. From the World Gold Council's latest Q2 demand report showing central bank buying surging 62% year-over-year to Big Tech's massive earnings divergence and breaking developments in currency markets, we analyze what this means for your portfolio.#Gold #FederalReserve #Investing #MacroEconomy #KitcoNews---------------------------------------------------------------------CHAPTERS---------------------------------------------------------------------00:00 - Cold Open: The Old Market Rules Stopped Working01:10 - Fed Rate Hold & The 30-Year Treasury Yield Surge03:30 - Gareth Soloway on Bond Market Signals06:15 - Willem Middelkoop: The Quiet Monetary Reset & China's Gold09:45 - Gareth Soloway: The $13,000 Gold Model Target13:20 - Mike McGlone: Is Gold's Cycle High Already In?16:50 - WGC Q2 Report: Central Banks Buy 289 Tonnes vs. ETF Outflows20:15 - Credit Market Stress, KOSPI & Big Tech Earnings Split23:40 - Soloway's S&P 500 Technical Level Tested26:15 - Physical Gold & Silver Positioning Strategy28:10 - Market Scoreboard & What to Watch Next Week---------------------------------------------------------------------FEATURED GUESTS---------------------------------------------------------------------• Gareth Soloway — Chief Market Strategist, Verified Investing: https://youtu.be/I5KLC0vceTQ• Willem Middelkoop — Founder, Commodity Discovery Fund & Author of "The Big Reset": https://youtu.be/7jkLVEICxg8• Mike McGlone — Senior Macro Strategist, Bloomberg Intelligence: https://youtu.be/k4JMX9KL2nw---------------------------------------------------------------------KEY TAKEAWAYS IN THIS EPISODE---------------------------------------------------------------------1. THE FED & BONDS: The 30-year Treasury yield surged to nearly 5.24% after the Fed kept interest rates unchanged at 3.50%–3.75%, driven by three policy dissents and rising inflation concerns.2. THE GOLD DEBATE: Soloway models a long-term $13,000 cycle peak by 2029–2031, Middelkoop argues the global monetary reset is already underway with massive undisclosed official purchases, and McGlone warns the cycle top may already be behind us.3. WGC DEMAND DATA: Central bank gold buying hit 289 tonnes in Q2 2026 (+62% YoY), led by Poland (+51t) and China (+33t), even as ETF investors pulled metal out of funds.4. MARKET DIVERGENCE: Tech stocks rebounded sharply following heavy mid-week selling, while crude oil pulled back despite ongoing Middle East supply disruptions.__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Mike McGlone, senior commodity strategist at Bloomberg Intelligence, tells Kitco News anchor Jeremy Szafron the Fed's next move is a series of 50 basis point cuts rather than hikes, and that it ends in a recession. He also says gold and silver have become sock puppets to the US stock market.The US struck Iran again overnight and crude fell anyway. According to McGlone, that is not a contradiction, it is the story, because pricing power in oil has shifted away from OPEC and toward the Western hemisphere. He expects crude to gravitate toward $70, says gold at $4,100 is nothing until it clears $4,500, and names the one commodity he is buying right now.Recorded July 30 2026Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) Follow Mike McGlone on X: @mikemcglone11 (https://twitter.com/mikemcglone11)Chapters:00:00 Markets Defy War Fears 01:18 Meet Mike McGlone 01:46 Fed Cuts Not Hikes 04:57 Stocks Drive Everything 07:56 Inflation Signal vs Noise 09:59 Oil Bear Case in War 14:04 Western Hemisphere Takes Lead 15:25 Gasoline and Distillate Clues 18:07 China Deflation Pressure 19:54 Treasuries vs Gold Safe Haven 23:21 Second Half Volatility Setup 24:13 Gold Versus Bonds24:53 Extreme Stretch Hangover 25:51 Correlation Volatility Debate 27:00 Gold's False Rally Playbook 30:29 Natural Gas Mispricing 31:43 Soybeans Supply Reality 33:28 Gold In Other Currencies 35:29 Japan Yen And Treasuries 37:28 Normalization Versus Treasuries 39:16 Silver And Copper Watch 41:20 Metals Are Sock Puppets 41:50 Contrarian Mindset 43:48 Key Levels And WrapAlso in this interview, according to McGlone: US CPI can reach 0% and crude can fall toward $40, though he says that requires a 10% to 20% drop in the S&P 500 that stays down. Copper falls 20% to 30% if stocks drop 10%, with managed money net long 25% to 27% of open interest, roughly five times normal. January natural gas near four is mispriced and worth exploring purchases, while soybeans near twelve are probably going lower. Gold is at a four-decade high against Treasuries, not against the dollar, and he says $3,000 would be the ideal place to buy it. He calls this a trading year of a lifetime, maybe similar to 2008.#Gold #Recession #JeremySzafron__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

The stock market whiplashed after a hawkish 9-3 Federal Reserve hold, but the real story is the massive unwinding in the semiconductor sector. Recorded midday Pacific, July 29, during the post-Fed reversal. Markets sold off into the close, with the Nasdaq 100 ending in correction territory. South Korea's KOSPI has crashed 33% this month, and memory chip giants like SanDisk are down 57% in just 30 days. Is the AI CapEx bubble bursting?In this episode, Gareth Soloway, Chief Market Strategist at Verified Investing, breaks down exactly why the tech unwind is spreading and shares the exact trendline where he is contrarian-buying the chip crash. Gareth also maps out the S&P 500's critical "line in the sand," explains why the New York Fed is flashing a credit market warning, and details the structural global forces driving his long-term $13,000 gold target.Recorded July 29 2026Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Gareth Soloway on X: @GarethSoloway (https://x.com/GarethSoloway)CHAPTERS:00:00 Fed Hold Market Whiplash01:02 Hawkish Hold Breakdown01:57 Markets React Dollar Slides03:46 Gold Reversal Key Level05:39 Breakout Confirmation Checklist06:27 Dollar Oil Jobs Drivers08:43 Gold 13,000 Cycle Thesis10:28 Calculator Inputs Scenarios15:24 Buying Plan Physical Vs Trade16:43 Miners Setup GDX Newmont17:36 Silver Surge Chart Warning19:00 Silver Lag Risk19:31 Gold Over Silver20:34 AI CapEx Doubts21:54 KOSPI Support Setup22:14 Leverage ETF Unwind23:38 Semi Cycle Snapback24:50 NASDAQ Bear Signals26:16 S&P Line In Sand27:30 Yields Inflation Doubts28:35 Rotation To Defensives29:51 Credit Stress Warning30:46 Oil Topping Pattern32:58 Key Levels Tomorrow34:21 SanDisk Bounce Trade35:42 Wrap Up And Question #KitcoNews #GarethSoloway #StockMarketCrash #GoldPrice #Semiconductors #FederalReserve #TechnicalAnalysis #Investing #MarketCrash #S&P500 #Silver #Commodities__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Willem Middelkoop says the monetary reset isn't coming. It's already underway, quietly, in the accounting. He also argues China is now the dominant force in the gold market, buying on every dip while the West still trades paper.Kitco's Jeremy Szafron sits down with Willem Middelkoop, author of "The Big Reset" and founder of the Commodity Discovery Fund, for a wide-ranging hour on why both Washington and Beijing may want a cheaper gold price, the state gold buyers that don't show up in official numbers, gold overtaking US Treasuries as the world's top reserve asset, the move of price discovery to Shanghai, China's shift from paper to physical, silver's path to a possible $500, and where the gold miners go from here.This interview was recorded July 27, 2026.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold spent the week whipsawing around $4,000, and four very different experts gave Kitco four very different reads on why, and what happens next. They don't agree on the path. They do agree it's about something bigger than gold.In this week's This Week in Focus, Kitco's Jeremy Szafron pulls the threads together: technical analyst Gary Wagner on the two levels that now define the range and why he walked back his $6,000 call; veteran trader Clem Chambers on why he thinks the bottom isn't in and why "gold is for war"; former BlackRock portfolio manager Ed Dowd on the road to $10,000 gold and how a private-credit crisis could reach ordinary pensions; and constitutional scholar William Watkins on the 1933 gold call-in, the "shell game" behind the dollar, and why sound money was meant to make war expensive.This episode was recorded July 23, 2026. Market levels move fast, check live prices at (https://www.kitco.com)Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

The U.S. national debt has reached nearly $40 trillion, and the interest alone now rivals the entire military budget. Constitutional scholar William Watkins argues the dollar today is backed by little more than the coercive power of the government, and that the drift from the founders' hard-money design is why the debt keeps compounding.Kitco's Jeremy Szafron talks with William J. Watkins, Jr. of the Independent Institute about how the spending guardrails came off (from the founders' "few and defined" powers to the New Deal-era Butler decision), why he calls the 1933 gold call-in unconstitutional, how Civil War greenbacks began the shift to fiat, what the arc from $35 gold in 1971 to $4,100 today says about the dollar, why he believes sound money was meant to make war expensive, and where the risk sits as foreign investors hold nearly a quarter of the debt.This interview was recorded on July 22, 2026Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Edward Dowd, Founding Partner of Phinance Technologies, joins Kitco News Senior Anchor Jeremy Szafron to break down why the real estate market is completely frozen and why private credit funds are beginning to gate withdrawals. Dowd outlines the exact macro sequence that he believes will drive gold prices to $10,000 by 2030.Dowd details that the U.S. housing market is currently experiencing a "buyer strike," with 75% of real estate agents failing to make a sale in the past year. He argues that home prices are roughly 30% overvalued and will need to reset lower. Turning to the stock market, Dowd warns that the S&P 500 is dangerously concentrated, with 45% of its market cap in AI and AI-adjacent tech, projecting zero forward returns for the index over the next decade. He also exposes the growing risks in private credit, noting that flows have paused and Wall Street is currently bundling these funds into insurance wrappers—a move he compares to the credit alchemy of the Great Financial Crisis. Finally, Dowd shares why he is completely out of equities and holding a portfolio of cash, long-dated treasuries, and physical gold to protect against a deflationary slowdown.Recorded July 21 2026Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold has fallen below $4,000 and silver is down more than half from its January high. Clem Chambers, who warned Kitco viewers in May the decline had another leg down, now calls the bottom, roughly $3,500 gold and $50 silver, and the level that finally puts him back in as a buyer.Kitco's Jeremy Szafron talks with Clem Chambers about why he thinks this was a bubble unwind, the real reason gold fell (the collapse of the China-Taiwan war premium, not just the Fed), the silver liquidity trap that left sellers 70% below the screen price, what Moonshot's AI shock means for the "money that left gold," the UK tech takeover trade under new PM Andy Burnham, and when he starts dollar-cost-averaging back into gold, silver, platinum and palladium.This interview was recorded on July 20, 2026Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold dropped below $4,000 for the first time in months. Kitco technical analyst Gary Wagner breaks down where gold's new support levels sit, why this has become a Federal Reserve and interest-rate story more than a geopolitical one, and the two lines that decide gold's next move. Kitco News anchor Jeremy Szafron speaks with Gary Wagner of The Gold Forecast about gold's break below $4,000, his revised downside support near $3,900, the $4,200 level that would flip the chart back to the bulls, why silver is falling faster than gold, whether a rate hike is now more likely than a rate cut, and if the multi-year gold bull market is rolling over or simply correcting. This interview was recorded on July 16, 2026.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

The story this week wasn't a price target. It was discipline. Gold ran to the moon, then corrected hard, and split the room down the middle. From the Rule Symposium in Boca Raton, Jeremy Szafron sits down with six of the biggest voices in metals and macro: Rick Rule, Adrian Day, Keith Neumeyer, Lynette Zang, Bob Quartermain, and Dr. Nomi Prins.Greed, fear, a $3,600 warning, silver, copper, and the Fed. Tested, not just repeated. Not investment advice, you decide.Recorded July 9, 2026.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold's brutal 40% miner selloff was a "classic washout," not a breakdown, says Brien Lundin, and what comes next could leave Wall Street watching from the sidelines.Speaking with Kitco News at the Rule Symposium 2026, the Gold Newsletter editor and New Orleans Investment Conference host said the June 24 plunge to $4,000 "really felt like capitulation," and that level has held as a floor since. He likens today's sentiment to 1999 and 2000, the bottom that launched the entire 2000s bull. And he argues the market has changed hands: no longer driven purely by central banks, "the Western market is making the price and the central banks and China are taking the price," he said, concluding they were glad to do it because gold was on sale, a shift that turned the moves violent.Lundin expects easy money regardless of hawkish Fed minutes, arguing "the math is the math" and that Chair Warsh was installed "for one specific purpose, and that's to lower rates." He even reads Warsh's tough-on-inflation messaging as "rehearsed," with Trump's silence the tell. And he warns the pros, "on the beach drinking their pina coladas," may return after Labor Day to find gold up 5 to 10% and mining stocks up 20 to 30%, gains "missed through sheer inattention."Recorded July 09, 2026.Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Everyone says the West dumped gold this quarter. The World Gold Council's data says that's wrong, the selling was narrow, American, and almost entirely paper.Speaking with Kitco News at the Rule Symposium 2026 in Boca Raton, WGC senior market strategist Joseph Cavatoni said North American investors fled gold ETFs on rate fears while Asia bought "at a record pace." Gold's worst quarter in 13 years, he argued, was the work of short-term traders, not a broken thesis, as a safe haven, gold "cuts both ways," sold for cash and margin calls after a 160% run to January's record.The real buyers never left. Cavatoni said central banks kept accumulating well above their long-run average, with nearly 90% of those surveyed planning to hold or add gold, and confirmed it is "probably fair to say" gold has now overtaken US Treasuries as a reserve asset. He also unpacked gold's quiet shift into Tier 1 collateral, now accepted by clearing houses, central banks, and even crypto lenders.Recorded July 09, 2026.Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Lobo Tiggre is holding the biggest cash position of his life, roughly 80%, and even after gold's correction, he still isn't buying.Speaking with Kitco News at the Rule Symposium 2026, the Independent Speculator publisher said his system triggered a broad sell into the rebound after gold's peak, not at the top, and not in January as is often assumed. That left him "locked and loaded" for the next cyclical low, and unmoved by gold near $4,000. "Less high is not low," he said, noting the miners were built on sub-$2,000 gold and are "printing cash" today.His base case is "a period of correction consolidation" before the next move higher, which he stresses is "my expectation, not my prediction." But he won't rule out a deeper fall: a drawdown like 2011 or 1980 would drop gold into the high $2,000s, and "if it drops under 3000, I'm just buying."Until then, he's not buying gold or silver stocks. Copper is his highest-conviction trade, but at "six and change" he's waiting for an AI-driven pullback. Last week he made his first stock purchase in months, an oil name, while uranium, already his largest position, sits below its long-term contract price, setting up a potential "snap move up."Recorded July 09, 2026.Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold-stock sentiment just hit a level Adrian Day has never seen in 50 years of managing money, one day two weeks ago, not a single investor surveyed was bullish.Speaking with Kitco News at the Rule Symposium 2026 in Boca Raton, the Adrian Day Asset Management chairman said miner bullishness has collapsed to around 7%, against a typical 60/40 split. He calls it "the worst sentiment I have ever seen in my 50 years managing money in any sector at any time," and argues it has left the big producers historically cheap, a Scotiabank study places them in their lowest valuation quartile in 70 years.Day, a value investor who says he is "not in the business of predicting," expects generalist money to rotate into gold once the S&P stops climbing, and points to the rotation already underway, in the four weeks before the conference, Microsoft, Amazon, and Nvidia all fell 15 to 20% while the S&P dropped just 2%. Still, he warns gold "could easily break the last low and go down to 3,600" first.Recorded July 08, 2026.Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)00:00 - Live From the Rule Symposium01:01 - Risk vs Reward, Not Predictions02:10 - The Gold Thesis and Mid-Cycle Corrections03:42 - The AI Trade Rotation Begins08:50 - Passive Flows and the 401(k) Effect09:51 - Gold Sentiment Hits a 50-Year Low11:40 - Where the Value Is in Gold Stocks15:21 - How to Size Buys and Manage Risk17:31 - Why Oil Is the Most Hated Trade20:47 - Silver: Demand, Supply and Value25:25 - Royalties and Streamers Explained31:14 - Discipline: Staging Into Positions36:20 - Know Yourself, Know What You Own#Gold #GoldStocks #AdrianDay #Silver #KitcoNews__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Rick Rule sold most of his physical silver this year and moved the money into silver mining stocks, a lesson in how a 50-year veteran actually positions.Speaking with Kitco News at the Rule Symposium 2026 in Boca Raton, Rule said he sold roughly 80% of his physical silver after its parabolic run and rotated into the miners. "You need to sell parabolic up charts because they resolve to the downside," he said. The stocks were "priced discounting $35 silver in a $75 market," offering better upside, sideways, and downside than the metal itself.Gold is a different bucket. Rule says he saves in gold, keeps liquidity in dollars, invests in senior gold stocks, and speculates in juniors. He placed the gold bull market in its "sixth inning" with a decade to run, and reaffirmed his call that the dollar will lose 75% of its purchasing power over 10 years, which could see gold triple. He also argued that real inflation runs far hotter than the official number, calling the CPI "the CP-lie" and putting the true rate for the average family closer to 8%.Recorded July 08, 2026.Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/00:00 - Welcome to the Rule Symposium00:36 - The Mood on the Floor03:39 - How to Pick Mining Stocks06:43 - His Four Buckets and Battle Bank08:29 - Gold Bull Market: The Sixth Inning12:21 - Why Uranium "Cannot Go Wrong"15:17 - The Oil Shock and Staying Disciplined16:55 - Why News Makes You a Worse Investor20:03 - Contrarian Investing and Common Mistakes22:30 - The CPI "CP-Lie" and Final Takeaways#Gold #Silver #RickRule #Copper #KitcoNews__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

The spot gold price everyone watches all day may tell you almost nothing about whether you can actually get an ounce in your hands. That gap, Lynette Zang argues, is the real story.Speaking with Kitco News at the Rule Symposium 2026, Zang said the paper-physical split is now visible worldwide, from premiums paid in the East to Hong Kong and Singapore building their own gold clearing systems. She traces it to the 1970s spot market, which she says trained the public to treat gold as a trade rather than money. Her message: "you need to think about gold and silver as money and not a trade."Zang also warned that any future gold confiscation would run through the depositories where most metal is now held, at a Wall Street price she says understates its true value, and argued that stablecoins, which she calls corporate debt, are "a ploy to create an artificial market for the dollar" and fresh buyers for US Treasuries.Recorded July 08, 2026.Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Lynette Zang on X: @TheLynetteZang (https://x.com/TheLynetteZang)00:00 - Paper Gold vs Physical Reality02:11 - The "Strong Dollar" Myth03:52 - The East Takes Gold Pricing Power04:41 - What a Monetary "Reset" Looks Like07:08 - How Money Became Debt09:47 - Stablecoins and the Treasury Trap11:37 - Why Redeemable Gold Matters14:09 - The Silver Dime Lesson15:29 - The Gold Confiscation Risk18:35 - Fiat vs Real Money20:59 - Trillionaires and the Wealth Transfer23:13 - When Inflation Hits Home24:41 - Building a Sound Money Strategy26:34 - The Debt Bubble Warning36:46 - 1971: The Shift That Started It All#Gold #SoundMoney #GoldConfiscation #LynetteZang #KitcoNews__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Keith Neumeyer says silver's run to $121 this year pushed the physical market to the brink, and that the metal has now found its floor.Speaking with Kitco News at the Rule Symposium 2026, the First Majestic Silver CEO, who called $100 silver back in 2012 when it traded in the teens, said the spike exposed how thin the real market is. "The whole system was really on the verge of breaking," he said, pointing to surging lease rates, margin calls, and refiners that stopped buying.After a roughly 50% correction to around $60, Neumeyer said, "I think we've seen the lows," and called the market "two years into a 10-year bull market." He credited silver's move to the US designating it a critical metal, and said the short position that once capped prices, once as high as 800 million ounces, has largely gone, with paper players "now getting on the long side."Recorded July 08, 2026.Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Keith Neumeyer on X: @keith_neumeyer (https://x.com/keith_neumeyer)00:00 - Silver Hits Triple Digits: The $100 Call00:59 - Parabolic Run and the Fast Correction03:08 - Why Silver Became a Critical Metal05:45 - The Deficit and Flat Mine Supply11:23 - China Demand and Shanghai Premiums16:55 - The 8-to-1 Gold-Silver Mining Ratio17:48 - Why Institutions Just Buy the Index19:41 - Physical Silver vs Mining Stocks22:13 - Inside First Majestic's Mine-to-Mint26:48 - M&A in a Down Market31:23 - Final Takeaways#Silver #SilverSqueeze #KeithNeumeyer #FirstMajestic #KitcoNews__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Bob Quartermain says the world's great gold deposits are getting harder to find, and the price will have to rise to make up for it.Speaking with Kitco News at the Rule Symposium 2026, the Dakota Gold CEO and newly named Order of Canada member said the remaining deposits are deeper, lower-grade, and far costlier to find. "Those elephants at depth are rare, and they cost hundreds of millions of dollars to find," he said. "We're just gonna have to see a higher gold price to achieve the amount of production that we're currently seeing now."Quartermain called the recent pullback "a breather in the bull market," pointing to central bank demand as the structural break from the speculative 2011 run. He noted gold has now passed US Treasuries as a reserve asset and China's holdings have grown from 33 million ounces to over 75 million, and explained why US gold output has fallen from over 10 million ounces a year to four or five since the Homestake mine closed.Recorded July 08, 2026.Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)00:00 - Welcome and Intro01:37 - Gold Cycle: 1980, 2011 and Now03:02 - Central Banks and Gold vs Treasuries04:52 - Hemlo: Full Circle 40 Years Later08:09 - Why Majors Miss the Big Finds09:56 - Building Brucejack, Selling to Newcrest12:24 - Why the Gold M&A Wave Is Just Starting13:56 - Silver's AI and Data Center Demand17:20 - Gold Supply Crunch and Jurisdiction Risk20:44 - Reviving the Historic Homestake Mine25:40 - How to Spot a World-Class Deposit28:30 - Advice to Young Geologists#Gold #Mining #DakotaGold #KitcoNews__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Aris Mining pulls gold out of the ground for about $1,500 an ounce and sold it last quarter for about $4,445. So while the Rule Symposium 2026 debates royalties and streaming deals, Oliver Dachsel gives a one-word answer to whether Aris needs outside capital: no.The SVP Capital Markets at Aris Mining joins Kitco News from the symposium, on the day the company reported first-half production up 31% and revenue topping $680 million.Dachsel calls the sector "a little bit like a coiled spring," arguing the drivers of the debasement trade "if anything, have intensified." He walks through the path from 257,000 ounces last year to 500,000 by 2028, self-funded from $425 million in cash and margins "solidly above 50%." Plus: Marmato's first gold pour "on track" for Q4, what Colombia's incoming pro-mining government means for Soto Norte, and why he says Aris "trades at a discount to its peers."Recorded July 07, 2026.Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Aris Mining on X: @ArisMining (https://x.com/ArisMining)00:00 - Gold Miners Whipsaw00:54 - Aris Mining Q2 Results: $4,445 Gold02:27 - 50% Margins and Cash Flow03:20 - Investor Sentiment After the Correction04:41 - Self-Funded Growth, No Royalties Needed05:54 - Path to 500,000 Ounces: Segovia and Marmato08:01 - Marmato Buildout: First Gold Q409:40 - Colombia's New Government and Soto Norte13:06 - Toroparu Guyana: The Next Mine15:18 - The Macro Case for Gold18:32 - Valuation, Neil Woodyer, and Catalysts__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Dr. Nomi Prins says the forces driving capital into hard assets are accelerating, and the Fed has become the only backstop for U.S. debt.Speaking with Kitco News at the Rule Symposium 2026, the Prinsights Global founder and Permanent Distortion author reaffirmed her call for $6,000 gold by year-end. "Does the United States have a debt crisis? The United States has a Fed," she said.Prins also pushed back on the market's read of the new Fed chair: "I think ultimately the Fed will have to reduce rates in order for us to service our debt. I think that Kevin Warsh is waiting for that moment." She pointed to China cutting its Treasury holdings from $1.3 trillion to $620 billion in favor of gold, and five billion ounces of paper silver trading in the SLV ETF alone against roughly 800 million mined each year, as signs the hard asset supercycle is still early.Recorded July 07, 2026.Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Nomi Prins on X: @NomiPrins (https://x.com/NomiPrins)00:00 - Welcome and Guest Intro01:56 - Wall Street's Shift Into Commodities03:01 - $6,000 Gold and the Central Bank Supercycle09:45 - Kevin Warsh: Waiting to Cut Rates?12:29 - Real Assets Lockout14:42 - Inside a Moroccan Silver Mine16:37 - Paper Silver vs Physical Supply19:15 - De-Dollarization Reality Check24:00 - How Institutions Really Position27:32 - Building a Commodity Portfolio30:55 - Closing Takeaways#Gold #Fed #Debt #NomiPrins #KitcoNews__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold just had its worst quarter in over a decade, and the man who moves real physical metal across the counter says buyers did the exact opposite of what makes sense. When the metal went on sale, they walked away.Rich Checkan, President and COO of Asset Strategies International, has spent 30 years on the order counter, the buying, the selling, the panic that never shows up on a price chart. He joins Kitco News from the Rick Rule Symposium 2026 for a ground-level read on what retail actually did through the sell-off.Checkan argues that "gold goes on sale and everybody stands on the sidelines, or they divest," and says contracting premiums and junk silver selling below spot are the real tell of "a hated market," not an overheating one. He lays out the one question every buyer should ask before handing over a dollar, warns which dealers to run from, and explains why he still calls physical metal "the most liquid asset on Earth."Recorded July 07, 2026.Special thanks to our sponsor, Aris Mining, for making this coverage possible. To learn more, visit: https://www.aris-mining.com/Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Rich Checkan on X: @CheckanRich (https://x.com/CheckanRich)01:52 - Why Buyers Vanish When Gold Dips03:12 - Who's Buying and Who's Selling04:49 - Liquidity Selling and Real Inflation05:51 - Premiums: The Hidden Market Tell07:02 - Silver Inventory and Shortage Myths08:07 - New Gold Buyers in the Bull Market09:19 - How to Buy Physical Gold Safely10:25 - The Buyback Rule and Bad Dealers11:24 - Why Buying Physical Gold Is Easy13:17 - Why Gold Beats Real Estate on Liquidity#Gold #Silver #PhysicalGold #PreciousMetals #RichCheckan #KitcoNews__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold just had its worst quarter since 2013 while stocks had their best since 2020, so where does a $3.5 billion money manager invest now? Jeff Sarti of Morton Wealth on what to do after the gold pullback, the new Fed chair, and the AI trade.Jeff Sarti, chief executive of Morton Wealth, joins Kitco News anchor Jeremy Szafron for his first appearance on the channel. He explains why he's underweight stocks near "1999 dot-com" levels, why he calls passive investing a "mindless, price-agnostic" force driving the market, why the gold community shouldn't write off new Fed chair Kevin Warsh, why "nobody in the West owning gold" is the most bullish thing about it, how much gold he actually holds, the one signal he's watching (the bond market), where he'd deploy new capital today, and the single biggest mistake he says investors are making right now. A behavior-and-allocation conversation, not a price forecast, you decide what fits how you invest.Recorded June 30, 2026.00:00 The Divergence No One Can Explain 01:00 Why He's Underweight Stocks Near 1999 Levels 03:00 The "Mindless" Force Driving the Market 04:30 Is This an AI Bubble, or Just Euphoria 06:30 Stocks at Highs, Confidence at Lows 08:00 The Yen, the Carry Trade, and Japan's Warning 10:00 Is the New Fed Chair "Volcker 2.0" 13:30 Why Higher Rates "Probably Won't Work" 15:00 Why Nobody Owning Gold Is Bullish 16:00 Why Gold Really Corrected 19:00 How Much Gold Should You Actually Own 21:00 The One Signal He's Watching 22:30 Two Investors, One Answer 26:00 Where He'd Put $10 Million Today 28:00 The Private Credit Red Flag 31:30 The Biggest Mistake Investors Are Making#gold #goldprice #investing__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold just closed its worst quarter in more than 13 years, then roared back above $4,100 as the new Fed chair signaled he may ease off. Is the gold selloff over, and is gold a buy now?This week in focus: what actually turned gold around, why the world's central banks never stopped buying, and what happens next, with Rick Rule, Jeff Sarti, and Chris Vermeulen. Plus, Kitco goes live from Rick Rule's Natural Resource Investing Symposium in Boca Raton on Monday.Anchor Jeremy Szafron breaks down the week: gold's worst quarter in 13 years and the sharp reversal, the Warsh comment that JPMorgan said sent the debasement trade roaring back, the soft jobs report that cooled Fed rate-hike bets, the AI and chip selloff that rotated money into defensives and gold, why Western ETF selling met relentless central-bank buying, the gold miners priced as if gold were only $3,350, and the signals to watch from here. Not investment advice, you decide.Rick Rule will be hosting the 2026 Rule Symposium on Natural Resource Investing, July 6-10 in Boca Raton, and Kitco will be there on the ground. The in-person event is sold out, but you can join the livestream and access the replays through the year here: (https://cvent.me/XOqdLa?via=Kitco-News)CHAPTERS00:00 The Comeback 00:40 The Turn: Worst Quarter, Then This 01:30 Why the Fed Blinked 04:00 The Buyers Who Never Left 07:00 Silver and the Miners 10:00 What Comes Next 13:00 Live From Boca, Monday #gold #goldprice #silver__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Technical trader Chris Vermeulen sold gold above $5,000 and silver near $111, and right now he's sitting in cash, waiting for one specific price to buy gold back. With gold breaking below $4,000 for the first time since November, he tells Kitco News anchor Jeremy Szafron exactly where he thinks this selloff ends, and where the next big move begins.Vermeulen, chief market strategist at The Technical Traders, breaks down the chart of gold and the level he's watching ($3,600), why he thinks the long-term target is still $8,000 to $8,600, why the violent swings aren't algorithms or manipulation but plain emotion, his read on silver, the surging US dollar and the yen at a four-decade low, why he's fully in cash on stocks, and the single biggest mistake he sees investors making in a selloff. A different, more cautious take than most of what you hear, you decide which side fits how you invest.Recorded June 29 2026Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) Follow The Technical Traders on X: @TheTechTraders (https://twitter.com/TheTechTraders)CHAPTERS 00:00 He Sold Gold and Is Waiting to Buy Back 01:00 Is $4,000 Holding, and the Downside 04:30 Are the Swings Algos or Emotion? 06:50 The April Calls and the Discipline 09:40 Silver, and Where It Bottoms 13:00 The Dollar, the Yen, and a Fragile World 16:00 Is the Stock Market Next? 19:00 What He's Buying Now 23:00 The Biggest Mistake in a Selloff 24:40 Summer Seasonality and the Warning Sign#gold #goldprice #silver__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold slipped below $4,000 this week for the first time since November, the AI trade came roaring back, and a major bank pulled its gold target. So what happens next? In the debut of This Week In Focus, Kitco News anchor Jeremy Szafron breaks down the week with four of the sharpest voices in markets, an economist, a former Fed insider, a financier, and a fund manager, and what they make of the selloff.You will hear former Fed insider Danielle Di Martino Booth on the new Warsh Fed and the private-credit risk she says is already building, fund manager Lawrence Lepard on why he thinks the gold and silver bull is only in the "third inning," financier Frank Giustra on the dollar, de-dollarization, and central bank buying, and economist David Rosenberg, who called the 2008 housing crash, on why he thinks the bull is still alive and his warning to the AI crowd. Plus the story the Western headlines missed: while the West sold, China's banks made it easier for savers to buy the dip.This is our very first episode. If you want This Week In Focus every Friday, tell us in the comments what to keep and who you want to hear from.Recorded June 25, 2026.CHAPTERS00:00 The Week Gold Broke $4,00000:40 The Tape This Week01:50 The Fed's New Risk03:20 The Debt Trap04:50 The Dollar Question07:00 China Buys the Dip08:00 Is the Bull Done?09:50 The TakeawayWatch the full interviews:Danielle Di Martino Booth: (https://youtu.be/0MC95IwhKVk)Lawrence Lepard: (https://youtu.be/GRsXpcuqIc4)Frank Giustra: (https://youtu.be/bNuljOP4Ric)David Rosenberg: (https://youtu.be/ua9V2eOvWkU)Are you buying this gold pullback, or waiting it out? Tell us in the comments.#gold #goldprice #markets__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Rick Rule says gold's drop below $4,000 rhymes with 1975, when the metal crashed 50% and then rose 8x, and the investors who panic-sold at the bottom missed the entire move. So is this gold selloff the buying opportunity of the decade, or a warning that more pain is coming?Legendary resource investor Rick Rule, founder of Rule Investment Media, joins Kitco News anchor Jeremy Szafron to break down the gold selloff after the price cracked $4,000 for the first time since November and Bank of America pulled its $6,000 gold target. Rule explains why he's pessimistic on gold in the very near term yet still buying, why he expects the political class to cave on interest rates and return to quantitative easing before year-end, and why he believes the US dollar could lose 75% of its purchasing power this decade, just as it did in the 1970s.The conversation goes deep on the mining side too: why gold miners are being priced as if gold were only $3,354 an ounce, a 19% discount to spot, why Rule says the safest, best risk-adjusted way to own gold isn't a miner at all but the royalty and streaming companies, the $250 billion copper-streaming wave he sees coming, the one producer he'd own (Agnico Eagle), what he sold and what he's buying now, the real silver setup beyond the solar headlines, the coming mining takeover wave, where in the world he will and won't own a mine, and why copper could run to $10-12.Recorded June 25, 2026Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Rick Rule on X: @RealRickRule (https://x.com/RealRickRule)Rick Rule will be hosting the 2026 Rule Symposium on Natural Resource Investing, July 6-10 in Boca Raton, and Kitco will be there on the ground. The in-person event is sold out, but you can join the livestream and access the replays through the year here: (https://cvent.me/XOqdLa?via=Kitco-News)CHAPTERS00:00 Gold Breaks $4,00001:17 Rates vs Gold03:55 The 1975 Lesson08:46 What Breaks First14:22 The Crash, Then QE18:31 The Miner Discount19:52 Royalty & Streaming27:05 Rick's Portfolio28:47 The Boca Symposium32:03 The Silver Setup39:40 The Takeover Wave44:50 Where to Own a Mine48:18 Copper's Warning50:16 Takeaways#gold #goldprice #rickrule__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

David Rosenberg says the gold selloff is not the end of the bull market, it is another buying opportunity, and the central banks driving it are only about halfway through their shift out of the dollar and into gold. So is the gold bull market over, or just getting started?David Rosenberg, president of Rosenberg Research and the economist who called the 2008 housing crash, joins Kitco News senior anchor Jeremy Szafron to explain why this is the 12th correction in gold since 1999 and not the end of the bull, why China kept buying the dip while Western leverage was forced to sell, and why he is still bullish on gold and the miners on a three to five year view.The conversation goes well beyond gold. Rosenberg lays out why the entire US economy is now leaning on the S&P 500 and the equity wealth effect, the consumer recession already hiding in the income data, the AI bubble he says is in investor behavior rather than the technology, the circular financing showing up across the AI build out, his read on the Warsh Fed transition and why he still thinks the next move is a cut, inflation versus disinflation after the Iran truce, the state of the Canadian economy and its household debt problem, and where he is actually putting money now, from cash and bonds to bullion, miners, and a surprising bet on beaten down homebuilders.Recorded June 22 2026Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) Follow David Rosenberg on X: @EconguyRosie (https://twitter.com/EconguyRosie) CHAPTERS 00:00 Is the Gold Bull Over After This Selloff02:00 What Caused the Correction: Margin Calls and Weak Hands03:00 12 Corrections Since 1999, and the Greenspan Connection04:00 Central Banks Are Only Halfway Through the Shift05:00 China Bought the Dip: Paper Hands to Strong Hands07:00 Why Gold Is Holding Despite a Strong Dollar and Higher Rates10:00 Everything Rests on the S&P 50011:30 The Consumer Recession Hiding in the Income Data13:30 Greenspan, the Greenspan Put, and Today's Market17:00 The AI Bubble and Circular Financing23:00 Inflation, Disinflation, and the Iran Truce30:00 The Warsh Fed Transition37:00 Canada's Household Debt Problem49:00 A Market Priced With No Risk50:00 Why the Perma-Bear Is Buying Homebuilders52:00 The Playbook: Cash, Duration, Bullion, Miners54:00 Every New Fed Chair Faces a Crisis in Year One56:30 What Would Make Rosenberg Turn Bearish on Gold#gold #goldprice #davidrosenberg__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Cory Klippsten says Bitcoin's Wall Street era ran straight into a gold-sized reality check: the ETFs and institutions arrived, and it still trades like a high-beta tech stock, down about 30% year to date and roughly 52% off its high, while gold held up far better. So did Wall Street adoption change Bitcoin, or did it just attach it to the same risk cycle?Swan Bitcoin CEO Cory Klippsten joins Kitco News anchor Jeremy Szafron for a straight conversation in front of a gold audience: why a man from a gold family still owns Bitcoin, why he says crypto's stablecoin era actually made the US dollar stronger, and why the fastest-moving story right now is the push to pull every asset, payment and ID inside a permissioned system, from digital identity to AI age-gating, arriving faster than he expected. Plus the common ground gold and Bitcoin owners share: holding the real thing, outside the system.Recorded June 24 202600:00 A gold family, and he still owns Bitcoin01:00 The honest scoreboard, and what to tell someone sitting on a loss03:30 Don't be a trader, buy what you understand04:00 Why Bitcoin sells off with AI and high-beta tech04:30 ETFs: the cart before the horse, and paper hands06:00 Exposure is not ownership: the sovereignty multiple08:30 The casino, and why the Bitcoin-vs-crypto war is over13:00 Is the four-year cycle just a meme now?14:00 52% off the high, and the dampening of Bitcoin's swings15:30 Risk-on for those who don't understand it, risk-off for those who do16:00 Bessent on dollar dominance, and did crypto make the dollar stronger?19:00 Why the "dollar decline" story may already be over21:00 The permissioned system: digital ID, the UK bill, AI age-gating24:00 "It's 1984, brave new world"24:30 Why it's arriving faster than expected27:00 Inside the system vs outside the system, and self-custody29:30 Moving from ETF exposure to real on-chain Bitcoin33:00 Three stores of value: Treasuries, gold, and Bitcoin35:00 How a curious gold investor should actually start38:00 Two horses in the race against fiat collapse#gold #bitcoin #dollar__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Kevin Warsh just concluded his first meeting as Fed Chair, and while the vote was unanimous, the underlying data points to severe economic stress. Bankruptcies are up 38.4% year-over-year, margin debt has hit a record $1.42 trillion, and the Fed is officially forecasting that inflation will stay stuck at current levels.Kitco News Senior Anchor Jeremy Szafron sits down with Fed insider and QI Research CEO Danielle DiMartino Booth to break down why the Fed's refusal to signal rate cuts is accelerating a debt crisis. DiMartino Booth exposes the real labor market numbers, warns of a looming private credit blowup, and explains why the immediate $150 drop in gold might actually be a textbook buying opportunity for investors seeking cover.Recorded June 17 2026Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) Follow Danielle DiMartino Booth on X: @DiMartinoBooth (https://twitter.com/DiMartinoBooth)Interview Timestamps:00:00 Warsh Shocks Markets01:06 Fed Insider Joins01:40 Unanimous Vote Deep Divide03:26 Debt Risks And Yield Curve05:46 Less Guidance More Credible07:42 Gold Whipsaw Explained09:47 Private Credit Stress Points11:12 Task Forces And Outsiders13:00 Host Recap New Fed Era13:55 What Changes Next14:50 Bottom Line And Sign Off#Gold #FederalReserve #Economy #Markets #PrivateCredit #Finance __________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Legendary precious metals investor Lawrence Lepard says this gold selloff is a pause, not the peak. With gold off its highs and the mainstream calling the run finished, he explains why he is still buying and why he believes the real move is still ahead. Is the gold bull market over, or is this the dip before the next leg higher?Gold ran to a record 5,589 dollars and silver cleared 121 dollars before both pulled back hard, and this week new Fed Chair Kevin Warsh delivered a hawkish hold that surprised the market. Larry Lepard, founder of Equity Management Associates and author of The Big Print, sits down with Kitco News anchor Jeremy Szafron to explain why the correction does not worry him, why he believes the real move is still ahead, and what the average saver should actually do right now.Jeremy and Larry get into the debt doom loop and the 1.3 trillion dollars a year the US now spends just on interest, the 9 trillion in debt that has to be refinanced, why Lepard expects yield curve control and the big print, the strong dollar and positive real rates working against gold today, silver's run to 121 and the supply deficit underneath it, why he sees the best value in the silver miners, the honest case for and against bitcoin as digital gold, and his view that there is a better world on the other side of this through a return to sound money.Recorded June 18 2026Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Lawrence Lepard on X: @LawrenceLepard (https://x.com/LawrenceLepard)CHAPTERS00:00 Gold's Record Run And The Selloff01:00 Why Lepard Is Not Worried About The Correction04:00 The Debt Doom Loop And 1.3 Trillion In Interest08:00 Kevin Warsh And The Hawkish Fed Surprise10:00 The Big Print And Why Yield Curve Control Is Coming12:00 I Blew The Call: Lepard On Getting The Fed Wrong15:00 The Strong Dollar And Real Rates Problem For Gold18:00 Why A Rate Cut Could Come Before The Midterms21:00 Gold And Silver Are Still Early In This Bull Market22:00 Silver's Run To 121 And The Supply Deficit25:00 Why Silver Miners Are The Real Opportunity36:00 The Bitcoin Question: Digital Gold Or Hype44:00 What The Average Saver Should Do Right Now48:00 The Hope Note: A Return To Sound Money52:00 Final Thoughts And Greenspan's Lesson#gold #silver #LawrenceLepard__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Mining financier Frank Giustra says the gold selloff is being completely misread. The smart money, the central banks, never sold. It was the speculators and the loose hands bleeding out, while the structural buyers that drove this bull market never flinched. So is the gold bull market over, or is this the pause before the next leg?Frank Giustra, founder and CEO of the Fiore Group, joins Kitco News anchor Jeremy Szafron for a wide ranging conversation on gold, the dollar, copper, and the slow rebuilding of the global monetary system. Giustra has founded and financed gold and copper companies for 45 years and has held physical gold since 2001 without selling an ounce.In this interview: why this is not a normal gold market, the de-dollarization trade that began when the US froze Russia's reserves, the new regime in which gold rose alongside a strong dollar and positive real rates, why central banks are price inelastic buyers, what the Gulf states are and are not selling, the US debt trap and Ferguson's Law, the risk of a dollar crisis, how China's mBridge system and new gold vaults could let trade settle in gold outside the dollar, whether new Fed Chair Kevin Warsh will hold the hawkish line or fold, the structural copper supply deficit, and what Giustra says the average person should actually do to protect their savings.Recorded June 19 2026Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)Follow Frank Giustra on X: @Frank_Giustra (https://twitter.com/Frank_Giustra)CHAPTERS 00:00 The Dollar Admission That Set This Up 01:40 Why This Is Not A Normal Gold Market 03:00 De-Dollarization And Why It Keeps Going 05:00 The New Regime: Gold Broke Its Old Rules 07:00 Why Central Banks Do Not Care About The Price08:00 Foreign Central Banks And Gold Versus Dollars 09:00 Is The Gulf Selling Gold? Russia, Turkey, Azerbaijan 10:00 The Debt Trap And Ferguson's Law 13:00 Could There Be A Run On The Dollar 14:00 mBridge: China's Gold Settlement System 17:00 Will Fed Chair Warsh Hold Or Fold 19:00 The Copper Supply Deficit 22:00 Freedom Copper And The White House 36:00 Jurisdiction Risk: Bargain Or Value Trap 40:00 What The Average Saver Should Do Now 44:00 The Dinosaur's Final Word#gold #goldprice #frankgiustra__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Former Wall Street FX Chief David Woo breaks down the real financial impact of the US-Iran deal, why the AI bubble is the market's biggest threat, and how it all sets up the next major rotation into gold.Jeremy Szafron, Senior Anchor at Kitco News, sits down with David Woo to cut through the mainstream relief rally. Woo explains why the recent Middle East peace deal is a strategic blow to dollar dominance, how government regulation and Chinese commoditization (DeepSeek) are creating cracks in the "House of AI," and why incoming Fed Chair Kevin Warsh will be forced to sound incredibly hawkish. Plus, a deep dive into the thesis behind his new novel, the reality of SpaceX's valuation, and why he believes the next institutional capital rotation will heavily favor safe havens.Recorded June 15 2026Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow David Woo on X: @Davidwoounbound (https://x.com/Davidwoounbound)CHAPTERS:0:00 The Book Paul Tudor Jones Recommends0:31 Meet Former Wall Street FX Chief David Woo1:08 The US-Iran Deal: A Complete Capitulation3:33 What The Market Is Missing About Oil5:15 Why Gold Is The Ultimate Dollar Hedge6:39 The US Defense Debt Spiral8:30 Is The US Dollar Propped Up By Tech?9:53 The First Crack In The AI Bubble14:12 How China Will Commoditize AI17:10 The Global Tech Battleground20:23 The Truth About Globalization22:46 Wall Street: Better Lucky Than Right?26:52 The Economic Root Of Political Populism29:24 The Voters Wall Street Forgot29:43 The Next Massive Economic Blind Spot30:29 The Danger Of Recursive AI Learning32:20 Why Tech Companies Can't Monetize AI33:43 The Catalyst That Will Pop The Bubble35:21 The Reality Of SpaceX's Valuation37:33 Kevin Warsh And The Federal Reserve40:59 How The AI Wealth Effect Drives Inflation43:04 Real Yields: What Gold Is Actually Fighting45:23 Oil Prices And The Bond Market Lag47:12 The 'Very Bullish' Setup For Gold49:55 Why Central Banks Buy Gold, Not Silver51:48 Geopolitics Has Replaced Economics53:47 How To Survive The Next Market Cycle#DavidWoo #KitcoNews #Gold #USInvestments #AIBubble #USIranDeal #FederalReserve #Macroeconomics __________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold futures tested the key $4,000 psychological level this week under intense selling pressure before catching a late Friday bid. Gary Wagner joins Jeremy Szafron, Senior Anchor of Kitco News, to break down the technical damage and explain why he sees a "60% to 70% probability" that gold has established a firm technical floor.Wagner outlines the critical resistance levels gold must break to save its broader bullish trend, noting that a return to record highs will be a "hard climb back up." The analysis also covers silver's resilience as it reclaims its 200-day moving average, outperforming gold during the recent drawdown. Plus, Wagner weighs in on how macro liquidity shifts - including the $75 billion SpaceX IPO and reports of a possible interim U.S.-Iran agreement around the Strait of Hormuz - are impacting the charts, and what the CME's upcoming move to 24/7 trading for retail gold contracts means for technical weekend gaps.Recorded June 12 2026Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Gary Wagner on X: @goldforecast (https://x.com/goldforecast)CHAPTERS 00:00 - Gold Tests $4,000 & Market Macro Shifts01:45 - The $4,000 Technical Floor & Support Levels06:40 - $6,000 Elliott Wave Target & Resistance at $4,37009:50 - Inflation Data & Fed Rate Hike Probabilities11:50 - Silver Outperforms & Reclaims 200-Day Moving Average21:20 - CME 24/7 Gold Futures Trading Impact25:00 - Gary Wagner's Technical Roadmap for Next Week#Gold #Silver #GaryWagner #KitcoNews #Investing #TechnicalAnalysis #Commodities __________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Tech, gold, and silver are plummeting together today in what 40-year veteran floor trader Todd 'Bubba' Horwitz calls a "100% margin call." In this interview with Kitco News, Bubba breaks down why the simultaneous liquidation across safe havens and risk assets is a warning sign of a system-wide flush. He explains why the massive $2.3B insider liquidation at AI giant CoreWeave is a distraction from the real structural rot in the economy, warning that true unemployment is already sitting at 8.5%. While Bubba forecasts an eventual 40% to 60% market crash, he explains his exact options strategy for staying long the market, the specific tickers he is accumulating today, and his exact buy levels for physical silver as the washout continues. Recorded June 9 2026Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) 0:00 - The Tech & Gold Margin Call1:23 - The $2.3B Insider Tech Liquidation3:00 - Are Mega-Caps Exhausted?4:10 - SpaceX, Private Markets & Liquidity8:45 - CPI, Oil, & Macro Escalation10:30 - The 8.5% Unemployment Reality12:45 - Debt & The "Keynesian Rot"15:30 - "100% A Margin Call"18:40 - Silver's Washout & Exact Buy Levels23:15 - Exact Stocks Bubba is Accumulating Today26:45 - Options Strategy: Hedging the 60% Crash #MarketCrash #MarginCall #Silver #Gold #BubbaHorwitz #KitcoNews__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold prices are facing a major live test as the market digests hot jobs data, rising yields, and a sudden U-turn in Federal Reserve rate hike expectations. But is this current selloff a sign that the gold bull market is over, or simply a "base camp" pause before the next leg higher?Jeremy Szafron, Senior Anchor at Kitco News, sits down with Ronald-Peter Stöferle, Managing Partner at Incrementum AG and co-author of the 20th anniversary In Gold We Trust report. Stöferle breaks down why Western investors are panic-selling, how the $140 trillion bond market is rotating into hard assets, and the "creeping remonetization" of gold driven by central banks and emerging markets. Stöferle also outlines the strict fundamental criteria generalist investors are demanding from gold and silver miners today, and exactly what signals to watch before trying to buy the bottom.Record June 8 2026Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) Follow Ronald-Peter Stoeferle on Twitter: @RonStoeferle (https://twitter.com/RonStoeferle)CHAPTERS:00:00 Gold Pullback Setup00:46 Meet Ronald Stöferle01:09 Why Gold Is Correcting03:28 Base Camp Before Next Leg05:06 Is The Bull Market Over?08:12 Liquidity Panic Lessons12:48 Remonetization Thesis16:55 Scaring Investors Out Of Bonds22:15 Six Vectors Of Remonetization29:18 China And Emerging Demand32:50 Gold As Trade Pressure Valve38:44 Miners' Cash Flow And Strategy43:37 How To Buy The Bottom46:58 Targets: $4,800 To $8,90049:43 Final Signals And Wrap #Gold #GoldPrice #KitcoNews #Investing #Macroeconomics__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Is the recent 7% drop in silver a warning sign, or the final shakeout before a massive repricing? Kitco News Senior Anchor Jeremy Szafron sits down with Michael Oliver, founder of Momentum Structural Analysis, to break down why his $300 to $500 silver target remains intact despite hot U.S. jobs data and a shift in Fed rate expectations. Oliver unpacks his long-term momentum charts, detailing how silver was "caught in a box" for 50 years and why it is now poised to enter a new price reality. He also warns of a brewing government bond crisis, a potential landmine for the S&P 500 below the 7,000 level, and why silver miners are positioned to outrun the metal itself.Recorded June 5 2026Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Michael Oliver on X: @Oliver_MSA (https://x.com/Oliver_MSA)Michael Oliver’s website for more information: (https://www.olivermsa.com/)Chapters:00:00 Silver Selloff Sets the Stage01:03 Jobs Report Sparks the Drop01:49 Why the Fed is Irrelevant to Metals03:58 Momentum Signals Over Price05:22 Six Months of Market Shakeouts07:55 Breakout Triggers and Key Levels10:45 Was Silver Mispriced for 50 Years?15:04 The $500 Silver Target18:11 Bond Crisis and Debt Monetization24:35 Gold vs. Silver: The Beta Play27:05 Investor Timing and Entry Points28:41 The S&P 500 Top Setup29:59 Breakout Then Breakdown32:35 S&P 500 Landmine Below 7,00034:57 Credit Cracks are Showing38:16 The Rotation Into Gold39:13 Paper vs. Physical Silver Markets41:38 Why Conventional Wall Street Models Miss43:13 Silver's "Tantrum" Signals45:34 Miners' Breakout Trigger49:56 The Exit Strategy and New Reality54:00 Closing Thoughts #Silver #Gold #KitcoNews #Investing #StockMarket #Macro #MichaelOliver__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Gold is holding support near $4,500 an ounce following a 30-day pullback, but Dr. Marc Faber says investors focusing on day-to-day volatility are missing the larger structural shift. In this interview with Kitco News Senior Anchor Jeremy Szafron, the publisher of the Gloom, Boom & Doom Report explains his 50-year strategy for holding physical gold, why he hopes prices fall further to accumulate more, and his warnings about the tightening liquidity squeeze in private credit and broader markets.Faber also breaks down central bank gold accumulation, his assessment of the AI technology capital spending boom, and why storing precious metals outside the banking system is critical for long-term wealth protection.Recorded June 4 2026Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Dr. Marc Faber on X: @gloomboomdoom (https://x.com/gloomboomdoom)Timestamps:00:00 Gold Pullback Setup01:34 Liquidity Tightening Thesis08:43 Private Credit Warning Signs10:40 Two Economies And Inflation15:16 Household Survival Strategy18:31 Energy Stocks Value Case22:27 AI Bubble Reality Check26:27 Bubble Psychology Lessons34:08 Central Banks Buying Gold39:58 Portfolio Allocation Playbook45:18 War Risks And Safe Assets52:25 Gold Custody And Confiscation56:45 Final Wrap And Subscribe#Gold #MarcFaber #KitcoNews #PreciousMetals #Investing #Macroeconomics #GoldPrice __________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Is the "Build Phase" of the AI revolution creating a structural inflation shock the market is ignoring? Tavi Costa, Founder and CEO of Azuria Capital, joins Senior Anchor Jeremy Szafron to map out the collision between massive global debt, shrinking physical metal supplies, and the scramble for strategic resources.They break down why the math behind central bank reserves is shifting, with gold surpassing U.S. Treasuries as a primary reserve asset. Tavi argues this isn't just a political statement, but a calculated response to a Treasury market increasingly behaving like an emerging market. The discussion moves into the mechanics of the supply crunch, explaining why record-high copper and silver prices are failing to incentivize new production due to the "byproduct trap." Finally, Tavi addresses the "Build Phase" paradox: while AI may be deflationary in its mature stage, the current, capital-intensive race to construct the global electrical grid is consuming raw materials at an unsustainable rate. Recorded June 3 2026Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) Follow Tavi Costa on X: @TaviCosta (https://x.com/TaviCosta)00:00 Gold Tops Treasuries00:57 Debt Trap And Rate Suppression03:58 What Breaks If Fed Hikes05:48 Main Street Inflation Squeeze08:50 Populism And Mining Risk09:17 Emerging Markets Rotation11:11 Copper Price Discovery14:13 Where New Supply Comes From17:39 Silver Deficit And Repricing20:54 Mining M&A And Orla Risks23:43 Pricing Jurisdictional Risk29:39 Argentina As Reform Roadmap34:28 Government Metal Intervention39:01 Managing Mining Volatility45:56 What Would Break The Thesis49:19 Closing Thoughts #KitcoNews #Gold #Copper #MiningStocks #TaviCosta #Inflation #Macro #AI #Silver #Investing #Commodities #Mining__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Retired US Navy Commander Phil Ehr joins Kitco News to break down why the global copper market is rapidly transitioning from a basic industrial story into a critical national security risk.Commander Ehr details how maritime chokepoints, specifically the Strait of Hormuz, are threatening the sulfuric acid supply chains required for copper refining. He unpacks the looming 2027 Pentagon procurement deadlines restricting materials from adversarial nations and warns that the defense sector will likely take priority over the consumer grid and AI data centers as critical mineral supplies tighten."Copper is the glue that holds it all together," warns Commander Ehr, noting its non-negotiable role in everything from advanced missile guidance to the modern power grid.Recorded June 2 2026Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)Follow Phil Ehr on X: @PhilEhr (https://twitter.com/PhilEhr)00:00 Copper Becomes Security01:20 Meet Commander Phil Ehr02:44 Why Copper Powers Defense05:15 Hormuz Chokepoint Shock08:05 2027 Pentagon Sourcing Rules10:05 Rare Earth Export Squeeze12:19 Mining Timelines vs AI Demand16:50 Who Gets Copper First18:43 Allied Supply Chain Push20:57 Finding Real Copper Projects23:54 Campaign Plug and Signoff24:50 Final Takeaway #Copper #NationalSecurity #SupplyChain #Macroeconomics #KitcoNews__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

The S&P 500 just hit all-time highs while inflation runs at 3.8% and real incomes fall for the third consecutive month. At the same time, gold has pulled back 12% despite ongoing geopolitical turmoil, and global bond yields are hitting multi-decade highs. Kitco News Senior Anchor Jeremy Szafron sits down with Peter Boockvar, CIO of OnePoint BFG Wealth Partners and author of The Boock Report, to decode the market's most glaring contradictions.Boockvar breaks down the reality of this morning's PCE inflation print and explains why the long end of the bond market has officially seized control of monetary policy from Kevin Warsh and the Federal Reserve. The discussion uncovers the real reason gold sold off—and why its structural transition into the world's "neutral asset" for global trade is actually accelerating. Discover what the record 6% default rate in private credit signals about the K-shaped economy, why the AI trade is hitting physical commodity constraints, and where Boockvar is finding high-yield defensive opportunities as the two-speed economy cracks.Recorded May 28, 2026Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)Follow Peter Boockvar on X: @pboockvar (https://twitter.com/pboockvar)Chapters:00:00 The Gold Pullback01:32 The Bull Case02:54 Inside the 3.8% PCE Print03:54 Structural Inflation07:16 The K-Shaped Economy09:17 Warsh & Fed Politics12:10 Bond Market Takes Control15:17 The Liquidity Boom16:30 Gold's New Monetary Role20:22 When the Thesis Breaks22:07 The Silver Setup23:41 The AI Trade26:28 Private Credit Stress29:37 AI's Inflation Problem33:52 The China Tech Threat35:42 The Defensive Rotation37:52 Agriculture & Fertilizer39:57 The Next Gold Catalyst42:25 Japan & The Yen43:48 What Markets Get Wrong45:03 Closing & Subscribe#Gold #Macroeconomics #FederalReserve #PeterBoockvar __________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Spot gold and silver are sliding to two-month lows as paper markets react to a potential U.S.-Iran interim peace draft, even as President Trump calls the Iranian reports a "complete fabrication". But behind the futures screens, the physical market is undergoing a massive structural overhaul. Kitco News Senior Anchor Jeremy Szafron sits down with Josh Phair, CEO of Scottsdale Mint and the Wyoming Reserve, for an exclusive ground-level update.Phair breaks down the reality of physical supply, revealing why silver is actively leaving the United States for overseas markets and why LBMA good delivery premiums have jumped 20 to 40 cents in recent weeks. The discussion uncovers the quiet corporate shift away from paper—including tech companies planning $200M physical bullion purchases and Tesla amending SEC bylaws for physical gold. Discover what the operational flow tells us about the decentralization of physical assets, the State of Texas releasing its own gold coins in six weeks, and why the ultimate financial reset is tracking toward 2030.Recorded May 27 2026Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) Follow Josh Phair on X: @JoshPhilipPhair (https://twitter.com/JoshPhilipPhair)Chapters:00:00 Trump, Iran & Gold Drop01:07 Q1 Demand vs Current Flow05:32 Tech Giants Buying Gold11:45 The $50B Wyoming Fund14:17 The SILVER Act Impact17:35 Texas Gold Coins Coming18:44 Global Bullion Interventions26:06 The Real Silver Bottleneck29:43 Moving Silver by Air31:00 Analysts Missing the Paradigm32:31 $325B in Bank Losses37:30 Home vs Private Vaults40:11 The 2030 Reset Timeline42:53 Market Wrap & PCE Data #Gold #Silver #PreciousMetals #JoshPhair __________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

The American consumer is flashing historic warning signs, yet Wall Street is celebrating record corporate earnings. How are both true at the same time? Dr. Mark Thornton, Senior Fellow at the Mises Institute and Austrian economist, joins Kitco News anchor Jeremy Szafron to break down the mechanics of the "Two Economies."Dr. Thornton uncovers the truth behind the historic S&P 500 valuations, warning that the market hasn't been this overvalued in 150 years. He also takes aim at the Federal Reserve, calling the Kevin Warsh nomination the "biggest hit job" on the precious metals market, and explains why a Volcker-style rate hike is impossible with U.S. debt above 100% of GDP. Plus, a deep dive into the SILVER Act, the Cantillon Effect, and why the Middle East energy shock will embed inflation for years to come.Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Dr. Mark Thornton on X: @DrMarkThornton (https://x.com/@DrMarkThornton)Chapters:00:00 TWO ECONOMIES, ONE WARNING01:18 MEET MARK THORNTON02:23 THE AUSTRIAN CYCLE04:56 LATE-CYCLE WARNING SIGNS07:49 BROAD BOOM OR BUBBLE?10:34 JOBS: STRENGTH OR BUBBLE SIGNAL?11:55 WARSH TAKES THE FED12:41 DEBT LIMITS RATE HIKES13:54 METALS CRASH, BANKS READY?19:54 BOND MARKET BREAKING POINT22:16 CAN CREDIBILITY BEAT INFLATION?24:49 SILVER’S VIOLENT BULL MARKET28:04 THE SILVER ACT REACTION32:20 WAR, ENERGY AND INFLATION36:17 THE CANTILLON EFFECT40:09 HOW LONG CAN THIS LAST?43:13 FED HQ RENOVATION SYMBOLISM45:31 ADVICE FOR WORKING FAMILIES49:20 WHAT BREAKS THE METALS TRADE?53:36 GOLD, SILVER AND FREEDOM56:13 FINAL TAKEAWAY#gold #silver #inflation #Fed #KevinWarsh #markthornton #kitconews #preciousmetals #economy #recession__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Wall Street is pushing toward record highs, but the bond market is flashing a severe warning. Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Asset Management, joins Jeremy Szafron, Senior Anchor of Kitco News, to break down the massive disconnect between equities and the 30-year Treasury.Following the swearing-in of new Federal Reserve Chair Kevin Warsh and recent warnings from Bill Dudley, Schiff argues that "hawks are extinct" at the central bank and the 2% inflation target is now a pipe dream. Schiff details his timeline for a sovereign debt crisis, warning that the U.S. national debt will hit $50 trillion before the end of the presidential term, and explains why inflation could be worse under a second Trump administration than under Biden.Schiff also provides a critical update for physical metals investors. He breaks down why silver's recent run to $125 was just the first stop, where the AI tech bubble wealth will actually go when it evaporates into "money heaven," and shares an exclusive update on the future of tokenized gold (tGold) as a medium of exchange.Recorded May 26 2026Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Peter Schiff on X: @PeterSchiff (https://x.com/PeterSchiff)Timestamps:00:00 MARKETS DIVERGE00:53 BOND MARKET WARNING02:18 REAL RATES & GOLD02:56 DEBT MANAGEMENT STRESS04:06 FED CREDIBILITY TEST06:10 INFLATION UNDER TRUMP07:51 CENTRAL BANKS BUY GOLD09:26 NO SOFT LANDING12:20 WAR, OIL & YIELDS13:11 FISCAL RESPONSIBILITY DEAD15:55 SILVER BREAKOUT17:55 RETAIL DEMAND RETURNS21:19 BUYING THE PULLBACK24:32 AI "MONEY HEAVEN"26:00 AI BUBBLE FALLOUT26:38 MINERS BUBBLE NEXT27:43 M&A WAVE BEGINS28:50 WHY JUNIORS WIN30:33 VALUATIONS STILL CHEAP32:00 IS IT TOO LATE?33:39 PRICE CONTROLS PLAYBOOK36:03 CAPITAL CONTROLS RISK38:10 ENDGAME SIGNALS41:00 PORTFOLIO ALLOCATION43:09 GOLD AS CASH45:01 TOKENIZED GOLD (tGOLD)47:15 GRESHAM'S LAW & BITCOIN#PeterSchiff #USDebt #Silver #Gold #FederalReserve #KitcoNews _________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.

Is the final parabolic melt-up finally here? David Hunter, Chief Macro Strategist at Contrarian Macro Advisors, joins Jeremy Szafron to break down the mechanics of the market's "final blow-off" and the 80% deflationary bust he predicts will follow.As the S&P 500 pushes into record territory, Hunter explains why he believes we could see the market top as early as Labor Day. In this deep dive, we examine the hidden leverage in private equity, the potential for a $20 trillion Fed bailout, and why incoming Fed Chair Kevin Warsh is facing an "inflation bind" created by the AI infrastructure boom.Is your portfolio ready for the 80% wipeout—and the 25% inflation that Hunter expects to follow in the 2030s? Watch until the end for Hunter’s exact exit signal to watch before this 44-year bull market ends.Recorded May 20 2026Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) Follow David Hunter on X: @DaveHcontrarian (https://twitter.com/DaveHcontrarian)0:00 - The Parabolic Melt-Up Timeline3:00 - Where is the Monetary Fuel?5:00 - $2 Trillion Deficits vs. Deflationary Bust7:30 - Identifying Market Cracks (Private Equity/Credit)9:30 - Gold and Silver Cycle Targets ($6,800 / $180)15:00 - Precious Metals: Physical vs. ETFs19:00 - Central Bank Gold Accumulation23:30 - Industrial Silver: Substitution & Demand Destruction25:00 - The Bond Maturity Wall & Inflation33:00 - Where does the 80% bust start? (Offshore triggers)43:00 - Mining Sector: The Next Dot-Com Bubble?53:00 - The Accountability Check: What proves this wrong?55:30 - The Exact Exit Signal to Watch#DavidHunter #StockMarketCrash #Gold #Silver #Investing #MacroEconomics #KitcoNews #Fed #Nvidia #Inflation #MarketMeltup__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.Disclaimer:  The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.