Kitco NEWS

5h ago

The S&P 500 is pricing in a perfect soft landing, but the physical economy is screaming recession. In this Outlook 2026 special, Mike McGlone, Senior Macro Strategist at Bloomberg Intelligence, joins Jeremy Szafron to warn that the markets are facing a "Great Reversion" similar to 1929. McGlone points to the S&P 500-to-Gold ratio hitting a historic peak of 1.55—the same level seen before the Great Depression crash - as a signal that a massive rotation out of "paper" assets and into hard assets is imminent. McGlone breaks down his "frightening" outlook for 2026, predicting extreme volatility where Gold could hit both $5,000 and $3,500 in the same year. He also doubles down on his deflationary thesis, forecasting Crude Oil to collapse to $40 and warning that Bitcoin faces a purge that could eventually send it back to $10,000. Is the "wealth effect" about to shatter? And where can investors hide if stocks and crypto roll over? Recorded: December 18, 2025 Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron ) Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow ) Follow Mike McGlone on X: @mikemcglone11 ( / mikemcglone11 ) SPONSOR: This Outlook 2026 special is brought to you by Discovery. Combining high-quality gold producing assets in Canada with the world’s largest undeveloped silver deposits in Mexico. Find out more at: https://discoverysilver.com https://youtu.be/Fzu0MX_qiB0?si=JhjqDPOsmOvQ2jOR

5h ago

Peter Schiff returns to Kitco News for a fiery 2026 Outlook. Following a public spat where President Trump called him a "loser" on Truth Social, Schiff argues the bond market has finally declared a winner. With Silver breaking $66 and the Federal Reserve quietly launching a new $40 billion monthly bond-buying program, Schiff warns that the "Sovereign Debt Crisis" has officially begun. In this deep-dive interview, Schiff explains why the Fed’s new "reserve management" is actually the start of a massive balance sheet expansion that could reach $20 Trillion. He lays out his roadmap for 2026, predicting a "quick" move to $100 Silver, a potential banking collapse worse than 2008, and the terrifying possibility of "Capital Controls" locking investors into a failing Dollar. Follow 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 ) Recorded December 17 2025 This Outlook 2026 segment is brought to you by Discovery Silver. Combining high-quality gold production with one of the world's largest undeveloped silver deposits. Learn more at ( https://discoverysilver.com ) https://youtu.be/VJRhuhsifB0?si=Qy31_EUJrCb88IoF

5h ago

In this Outlook 2026 special, Jeremy Szafron sits down with Larry McDonald, founder of The Bear Traps Report, to break down the "Regime Change" hitting markets. Larry warns that a credit accident has already started, citing the collapse of the First Brands DIP loan (trading in the 30s) and the CoreWeave bonds (yielding 12%) as proof that underwriting standards have failed. They discuss the "New Axis" of power in Washington, why the "Quarterly Liquidity" promise in private credit is the next Lehman-style risk, and why capital is about to rotate from the $32 Trillion Nasdaq 100 into the "bombed-out villages" of Hard Assets (Energy, Copper, Coal). Plus, actionable deep-value trades on Diageo, Schlumberger, and Brazil. Recorded on December 15 2025 This Outlook 2026 segment is brought to you by Discovery Silver. Combining high-quality gold production with one of the world's largest undeveloped silver deposits. Learn more at ( https://discoverysilver.com ) https://youtu.be/yOqZP2nm_VY?si=miC9iyc3tYBaJDm3

Dec 12

The Federal Reserve has cut rates by 25 basis points and confirmed $40 billion per month in reserve management purchases, sending fresh liquidity into the system. As the announcement hit the market, silver went parabolic, breaking into new all-time highs above $62, while gold continued to consolidate firmly above $4,200. Gary Wagner of TheGoldForecast.com joins Kitco News Anchor Jeremy Szafron to map the next phase of this historic metals rally. Wagner explains how silver’s breakout above $54 triggered the surge to $59 and why the post-Fed jump through $61 and $62 puts the market into true price discovery. He also addresses the divided tone inside the FOMC, noting that three officials dissented on today’s cut even as the Fed moved ahead with its $40B liquidity program. Wagner highlights gold’s “critical” consolidation band around $4,200, the break point at $4,195, and his short-term targets, including silver at $65 to $68 in Q1 2026, as liquidity and dollar weakness reshape the trend. Recorded December 10, 2025. https://youtu.be/JLY2IN8sXR0?si=2rDwFdpdNXrfT30j

Dec 12

Triple-digit silver is now a "certainty." In this Outlook 2026 special, Ronald-Peter Stöferle, Managing Partner at Incrementum AG, breaks down why the "Golden Decade" is entering its aggressive second half—and why investors need to abandon the traditional 60/40 portfolio immediately. Ronnie joins Jeremy Szafron to discuss the "4.5 Sigma" event in gold, the "Bretton Woods Realignment" signaled by U.S. policymakers, and his high-conviction call for silver to hit $100+. He also reveals why his proprietary "Active Aurum Signal" for miners recently flashed NEUTRAL, and what that means for your entry strategy in 2026. Recorded on December 11 2025 This Outlook 2026 segment is brought to you by Discovery Silver. Combining high-quality gold production with one of the world's largest undeveloped silver deposits. Learn more at ( https://discoverysilver.com ) https://youtu.be/4hQUqObHWPE?si=fVffEpNDVpsJt7iH

Dec 12

Triple-digit silver is now a "certainty." In this Outlook 2026 special, Ronald-Peter Stöferle, Managing Partner at Incrementum AG, breaks down why the "Golden Decade" is entering its aggressive second half—and why investors need to abandon the traditional 60/40 portfolio immediately. Ronnie joins Jeremy Szafron to discuss the "4.5 Sigma" event in gold, the "Bretton Woods Realignment" signaled by U.S. policymakers, and his high-conviction call for silver to hit $100+. He also reveals why his proprietary "Active Aurum Signal" for miners recently flashed NEUTRAL, and what that means for your entry strategy in 2026. Recorded on December 11 2025 This Outlook 2026 segment is brought to you by Discovery Silver. Combining high-quality gold production with one of the world's largest undeveloped silver deposits. Learn more at (https://discoverysilver.com)

Dec 9

The next major financial crisis won't start in the banks—it will start in the Life Insurance sector. That is the urgent warning from legendary financial analyst James Grant, founder of Grant’s Interest Rate Observer. In this interview with Jeremy Szafron, Anchor at Kitco News, Grant details how the "Search for Yield" has pushed insurance giants into dangerous Private Credit and Private Equity allocations—assets he describes as "inherently junk" and completely lacking price discovery. He warns that policyholders and retirees could be the "unknowing participants" in the next great deleveraging. Grant also dissects the sudden spike in Repo rates, accusing the Federal Reserve of becoming a "puppet master" that has lost control of the bond market. He breaks down the AI bubble (calling data centers the "Pyramids of Egypt"), explains why the economy is hanging by "dental floss," and gives his latest forecast for Gold at $4,200 and Silver’s "Trump-like" volatility. Recorded on December 9, 2025 Watch this on Kitco News Youtube Channel

Dec 8

The U.S. economy has been "artificially propped up" for the last two years, and the floor is about to fall out. Former BlackRock Manager and Founder of Phinance Technologies, Ed Dowd, joins Jeremy Szafron on Kitco News to expose why recent GDP data was a "hallucination" driven by government spending on mass migration. In this deep dive, Dowd warns that the "floor has been removed" from the housing market, predicting a tumultuous crash in 2026 as inventory spikes and demand vanishes. He also breaks down why the AI boom is a "bull trap" similar to the Dotcom bubble—forecasting an 80% crash for market darlings like Nvidia—and explains why Basel III has re-monetized gold, setting the stage for a $10,000 price target. Recorded: December 8, 2025 Watch this on Kitco News Youtube Channel