Kitco NEWS

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  One Fed Hike Isn't The Mistake, Five Could Break The Economy | David Rosenberg 15.09.2026 53min

  The 10-year Treasury yield touched 5% as markets priced a greater than 90% chance of a Federal Reserve rate hike. David Rosenberg says the market may be making a much bigger mistake by assuming the Fed will keep going. Rosenberg, founder and president of Rosenberg Research, joins Kitco News anchor Jeremy Szafron to explain why he questions the latest payroll and core CPI readings, why slowing wage growth complicates the inflation narrative and why an oil shock is not necessarily durable infl...
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  Gold Must Hold This Level Before the Fed, or $4,000 Comes Back Into Play | Gary Wagner 14.09.2026 31min

  Gold is sitting on a technical fault line ahead of the Federal Reserve’s September decision. Gary Wagner, editor of TheGoldForecast.com and Kitco News technical analyst, puts support for December gold futures near $4,350, with major support just below $4,000. He also identifies resistance for silver near $71.50 and explains why corrections that once took years may now unfold in months. Wagner joins Kitco News anchor Jeremy Szafron after August inflation rose 0.4%, market-implied odds of a Se...
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  Rate-Hike Odds Went From 48% to 88% in One Month | This WeeK 14.09.2026 6min

  The Federal Reserve decides Wednesday. On Friday the market put a rate hike at roughly 88%, and a cut at zero. It would be the first increase since July 2023. Over nine days, three guests sat down with Jeremy Szafron and made the case that higher rates are a problem the debt can't carry. Ran Neuner on September 3, Brien Lundin on Tuesday September 8, and Ron Paul on September 9. Neuner argued the inflation is a supply shock from the war and that rates are the wrong tool for it, while saying...
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  Ron Paul: The People Ought To Own The Gold, Not The Government 09.09.2026 47min

  Former Congressman Ron Paul joins Jeremy Szafron on Kitco News to discuss the Treasury's expanded bond buybacks, who should actually own the gold in Fort Knox, and why he says the affordability debate is really a debate about the value of the dollar. Dr. Paul explains why he wonders whether the current buyback program could become another round of quantitative easing, why he considers government equity stakes in private companies a form of corporatism, and what his grandmother told him about...
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  Gold Drops Every Time Warsh Speaks, Then Buyers Bring It Back | Brien Lundin 08.09.2026 48min

  At $4,400 gold, almost every mining project looks better. Brien Lundin says that may be exactly what makes this market dangerous. Lundin joins Kitco News anchor Jeremy Szafron to explain why soaring gold prices are reviving previously uneconomic deposits, attracting money back into junior miners and transforming the balance sheets of major gold producers. But high prices can also conceal weak projects, excessive dilution and risks investors may not see until the cycle turns. Lundin lays out...
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  Gold Runs First, Then Silver, Then Copper | Ran Neuner 08.09.2026 44min

  Gold has stopped taking its orders from interest rates. It should have fallen about 55% between March 2022 and October 2023 as real yields rose more than four points. It rose 7%. Then real yields fell less than a point over two years and gold rallied 110%, according to UBS Investment Bank. Ran Neuner ( @CryptoBanterGroup ) says the reason is the debasement trade, and that we have entered what he calls scarcity season. He walks through the $40 trillion US debt financed near 3.5% against a 10-...
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  Gold Stopped Following The Rules | This Week In Focus 08.09.2026 29min

  The market now puts the odds of a Fed rate cut this month at zero, with a hike and a hold running roughly even. Gold came off its best month since January anyway, up more than 10 percent, though still about a fifth below its record. This week Jeremy Szafron sat down with a man who spent 15 years inside the room that sets rates, and two others who trade on what it does. None of them spoke to each other. All landed on the same problem: the rules that used to explain this market have stopped wo...
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  No ETF, No Futures Market: Why 17% Of His Money Is In This Metal 03.09.2026 40min

  Newmont generated a record $2.2 billion in free cash flow last quarter. Barrick generated $515 million, and just $141 million of that was attributable to its own shareholders. John Feneck of Feneck Consulting Group explains why he owns Newmont and Agnico, and won't own Barrick. He was a net buyer of mining equities every week through July and August, taking his cash from 12-14% down to 8-10%. He's sticking with his bottom call, though he accepts gold could test $3,900 again. Also in this co...
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  Gold Has Rallied Into October in 13 of the Last 15 Years | Phil Streible 01.09.2026 33min

  Gold fell more than 3% after Kevin Warsh's Jackson Hole speech and kept falling Monday, even as American forces struck Iranian rocket launchers near the Strait of Hormuz and crude climbed above 90 dollars. Phil Streible of Blue Line Futures says a September rate hike would be a policy mistake the Fed has to undo, and that the undoing is when gold accelerates. Streible told his clients to take money off the table on Friday, before Warsh spoke, and explains exactly what he saw: silver stalling ...
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  Foreign Central Banks Chose Physical Gold Over Bitcoin | Former Fed President Jim Bullard 31.08.2026 33min

  Gold, the Fed and a September rate hike: former Federal Reserve Bank of St. Louis President Jim Bullard on Kevin Warsh's Jackson Hole speech, why foreign central banks found physical gold more desirable than Bitcoin, and why he thinks the FOMC is split pretty much down the middle. Warsh told Jackson Hole this morning that responsibility for 65 months of inflation sits squarely with the central bank. Markets moved a September hike from a long shot to the base case inside an hour. Bullard puts...
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  Gold Dealers Can’t Afford to Hold the Metal Coming Back | Jeffrey Christian 27.08.2026 57min

  Gold is near $4,600 after its strongest month in decades, and investors around the world are selling into the rally. Jeffrey Christian of CPM Group says the coin sellers are late and the ETF buyers are on time. In this Kitco News interview, Christian explains how much of the world's gold is genuinely available at today's price, why dealers and refiners are quoting discounts on bars and medallions, what bank credit lines have to do with it, whether central bank gold buying is as strong as the...
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  You Bought Gold for Protection But Your 401k Owns the Same AI Trade Twice | Felix Prehn 26.08.2026 35min

  Gold has had five straight up weeks and is heading for its best month since 1999. But former investment banker Felix Prehn ( @FelixFriends ) says most people who bought physical metal to protect themselves have left the bigger half of their money completely exposed. Speaking with Jeremy Szafron on Kitco News, Prehn puts typical retail AI exposure at 60 to 70 percent and says a plain index fund or 401k is likely around half AI already. His warning is that people then buy the same handful of c...
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  Why Gold Can Fall When the Next Crisis Begins | Steve Keen 25.08.2026 1t 4min

  Professor Steve Keen says the AI bubble has less than a year to run, with revenue from serious users running at roughly one fifth of what these companies are spending. Speaking with Jeremy Szafron, Keen argues the debt that matters is private debt, not the $40 trillion everyone is watching, and explains why companies that have serviced their loans comfortably for 15 years could start defaulting. Keen was voted first by readers of the Real-World Economics Review in 2010 for having warned earl...
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  Why Gold Can't Replace The Dollar | The Man Who Wrote The Book 25.08.2026 58min

  Gold, the dollar and de-dollarization, with the historian central banks actually read. Barry Eichengreen says the dollar is losing ground, and that gold is not what replaces it. For years Eichengreen was the calm voice on the dollar. Slow erosion, about half a percentage point of global reserve share every year, no crisis coming. In this interview he tells Kitco News that has changed, and he names the exact day it changed for him. He also explains where the dollar's losses have actually gon...
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  The Treasury Tried To Stop This And It Didn't Work | Gold Above $4,600 21.08.2026 16min

  A war didn't lift gold. The highest long yields in 19 years didn't sink it. And the US Treasury, which has spent decades promising to be predictable, surprised the market on purpose. Gold finished the week above $4,600. US public debt passed $40 trillion for the first time. And Kevin Warsh gives his first Jackson Hole keynote as Fed chairman on August 28. Gary Wagner, Ole Hansen and Thomas Kaplan each sat down with Jeremy Szafron this week. None of them spoke to each other. All three said a...
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  "They Will Take It From You" | A Billionaire's Warning To Gold Investors 21.08.2026 1t 6min

  Gold has pulled back from its highs and silver has given up a large piece of a record run. Dr. Thomas Kaplan has seen this before, and he called it in advance. In this exclusive interview with Jeremy Szafron, the chairman of the Electrum Group, NOVAGOLD and Sunshine Silver Mining and Refining says the drawdown is a "1987 moment" for precious metals, and that another tenfold move in gold is "not just likely, but inevitable." He also explains why he sold his energy company in 2007 and moved in...
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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...