Kitco NEWS

Epizody

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  Nearly 70% of Exchange Copper Is Now in America: Here’s Why | Ole Hansen 18.08.2026 42min

  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 marke...
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  The $6,000 Gold Call Is Dead, Here's His New Target | Gary Wagner 17.08.2026 32min

  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 ...
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  The Gold Selloff Wasn't The Problem; It Was The Opportunity | Don Durrett 11.08.2026 46min

  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 correct...
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  The Fed Just Quietly Backstopped Japan, and Gold Noticed | This Week In Focus 11.08.2026 29min

  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: char...
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  Gold Breakout Was the Signal to Buy Again | Florian Grummes 05.08.2026 30min

  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 ...
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  Gold at $42.22 and "One of the Great Mysteries" | Phillip Magness 04.08.2026 45min

  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 Jerem...
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  Bond Market Rejects The Fed: Why The Rules Just Changed For Gold 03.08.2026 25min

  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 Wor...
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  Fed Cuts Are Coming Next and They Mean Recession | Mike McGlone 31.07.2026 47min

  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 Wester...
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  S&P 500 Support Just Broke: Big Money Unwind Spreads | Gareth Soloway 30.07.2026 36min

  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 ...
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  The Gold Reset Already Happened and Almost Nobody Noticed | Willem Middelkoop 28.07.2026 1h 5min

  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 offic...
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  Four Experts Split on Gold, United on One Warning | This Week 'In Focus' 28.07.2026 25min

  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 a...
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  The Only Thing Backing the Dollar Now Is Force | William Watkins 23.07.2026 28min

  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 a...
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  Private Credit Freezes as Investors Want Their Money Back | Ed Dowd 22.07.2026 35min

  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 t...
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  Gold Isn't Done Falling, Here's Where He'd Buy | Clem Chambers 22.07.2026 37min

  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 tha...
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  Gold Drops Below $4,000: Gary Wagner Reveals the New Support Levels 20.07.2026 23min

  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 b...
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  The Gold Correction Split This Room in Half | This Week In Focus 16.07.2026 6min

  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. Dis...
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  Central Banks Built This Gold Bull and Wall Street Just Turned It Violent | Brien Lundin 16.07.2026 18min

  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 ...
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  Your Gold Can Do Something It Couldn't Before | Joseph Cavatoni 16.07.2026 21min

  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 "cut...
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  Gold Market Warning: Why I'm 80% Cash Right Now | Lobo Tiggre 16.07.2026 26min

  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 miner...
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  "The Worst Sentiment I've Ever Seen in 50 Years" | Adrian Day 13.07.2026 40min

  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 produ...