Episodes

3d ago

In this exclusive Outlook 2026 special, David Rosenberg, President of Rosenberg Research, joins Jeremy Szafron to dismantle the "Soft Landing" narrative and expose the massive disconnect between Wall Street pricing and Main Street reality. While the S&P 500 hits record highs, Rosenberg presents forensic data showing that the U.S. economy has already entered a "silent" contraction that is being masked by government hiring and a stock market bubble. THE "NO HIRE" ECONOMY: Rosenberg reveals that beneath the headline payroll numbers, the "hiring rate" has collapsed to cycle lows—a dynamic he calls "No Hire, No Fire." He explains why official government data is masking a real-time contraction of 20,000 jobs per month and why the "AI Lifeline" that kept the economy afloat in 2025 has finally snapped. THE 6TH MEGA BUBBLE: With the Shiller PE ratio hitting 40x, Rosenberg warns we are witnessing the "6th Mega Bubble of the last 100 years." He breaks down why legendary investors like Warren Buffett are sitting on a record $400 billion cash pile and Jamie Dimon is buying Treasuries, signaling that the "Smart Money" has already exited the casino while retail investors go "all in." Recorded December 19 2025 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.

3d 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

3d 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

3d 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

Dec 5

The "Easy Money" era is over, but the "Gradual Print" has just begun. In this exclusive interview, Lyn Alden (Founder, Lyn Alden Investment Strategy) joins anchor Jeremy Szafron to break down the critical market signals that most investors are missing. While the S&P 500 hits record highs, the "S&P 493" is flatlining, revealing a "mirage economy" masked by AI speculation and fiscal deficits. Lyn reveals why the Federal Reserve quietly halted its balance sheet runoff (QT) on December 1st, 2025, and what this "forced pivot" means for the next phase of global liquidity. We also dive deep into her controversial new December letter, "Why Most Cryptocurrencies Won't Accrue Value," where she argues that "utility" in crypto is actually a trap for investors—and why Bitcoin stands alone as money. This discussion covers the disconnect between asset prices and economic reality, the rise of "Emerging Market Lite" dynamics in the U.S., and why sovereign wealth funds are accumulating Bitcoin despite recent price corrections. Recorded December 5 2025 Special thanks to our sponsor, Swan Bitcoin, the real Bitcoin company, for making this coverage possible 👉 To learn more, get started at https://swan.com/kitco

Nov 25

The global financial system is flying blind. With the Bureau of Labor Statistics confirming there will be NO October CPI report due to data collection failures, the Federal Reserve is navigating interest rate policy in a total vacuum. Yet, markets are aggressively pricing in a rate cut, effectively bullying the Fed to act without data. In this exclusive interview, Jeremy Szafron is joined by Mark Moss, Chief Visionary Officer at Matador Technologies, to break down the massive divergence between asset prices and market plumbing. They discuss the record $3.1 Trillion options expiration, the "mechanical glitch" that flushed Bitcoin 20% in a month, and the "structured selling" anomaly hitting the market daily at 9:30 AM. Mark also addresses the solvency fears surrounding Strategy Inc. (formerly MicroStrategy), debunking the "distressed credit" narrative with hard math on their capital reserves. From Japan’s $135B stimulus to the UAE & China bypassing the dollar on mBridge, discover why the "Liquidity Civil War" is just beginning. This video is brought to you by Swan Bitcoin, your partner for generational wealth. Start your journey today at ( https://swan.com/kitco )

Nov 24

Danielle DiMartino Booth (CEO, QI Research) joins Jeremy Szafron to issue a critical warning about the credit markets, urging investors to "follow junk bond issuance" as the ultimate recession signal. She warns that a freeze in this market previously culminated in a "bloodbath in the stock market," and cracks are already appearing. In this interview, DiMartino Booth breaks down the Fed's sudden decision to "stop draining liquidity" from the system, warning that funding dislocations could make the end of December "ugly." She argues that "cockroaches continue to crawl out from underneath the woodwork" in private credit, pointing to contagion risks beyond the major players. DiMartino Booth also exposes a "40% exhaustion rate" in unemployment benefits—leaving millions with "literally nothing"—and questions the quality of Nvidia's cash flow, citing reports of "factoring their accounts receivables." Recorded on November 20, 2025

Nov 24

Bitcoin has triggered a "smoke alarm" for the global economy. With the price hovering around $90k, Jack Mallers (CEO, Strike & 21 Capital) joins Jeremy Szafron to explain why "over 50% of Bitcoin holders are now underwater" and argues this is a necessary market flush before the next leg up. In this exclusive interview, Mallers predicts the "liquidity cycle bottoms on December 1st" when Quantitative Tightening (QT) officially ends. He also opens up about the "Treasury Wars," offering a sharp critique of Strategy Inc.’s (formerly MicroStrategy) preferred stock model - calling it "dubious" and "a really expensive bill to pay" - and explains how Twenty One Capital is building a treasury based on cash flow rather than perpetual debt. Recorded on November 18, 2025 This video is brought to you by Swan Bitcoin, your partner for generational wealth. Start your journey today at ( https://swan.com/kitco )

Nov 17

Gold is holding above $4,000 an ounce, marking one of the strongest sustained rallies in modern history - and now, the U.S. government has just added silver and copper to its official critical minerals list. In this Kitco News interview, Jeremy Szafron sits down with Randy Smallwood, President & CEO of Wheaton Precious Metals (WPM), to break down what this means for investors, the global metals supply chain, and the future of sound money. Smallwood reveals how Wheaton just deployed nearly $1 billion this quarter while also raising its dividend by 6.5%, all with zero debt on the balance sheet — a rare feat in today’s market. He also weighs in on the outlook for $5,000 gold, the U.S. fiscal crisis, and whether the system has to “break” before gold reaches new highs. This is the defining conversation on how streamers, miners, and investors navigate the next phase of the metals bull market. Recorded on November 7 2025

Nov 7

The global monetary system is breaking down. Governments are running out of taxpayers, inflation has become official policy, and sound money is making a comeback. Author and commentator Dominic Frisby joins Jeremy Szafron to explain why the next financial revolution is already underway. He warns that AI and automation are wiping out the labor base that funds governments, forcing states to experiment with digital control systems and central bank digital currencies that he believes will fail. Frisby says the world is entering a new era of sound money, where gold and Bitcoin rise together as the last real defenses against inflation and state overreach. In this interview, he breaks down: Why the United States is repeating Britain’s post-empire decline, about 50 years behind. How AI layoffs and the rise of gig work are eroding the global tax base. The quiet gold war between the BRICS nations and the West. Why CBDCs are doomed by government incompetence. His outlook for gold, silver, and Bitcoin as markets consolidate. Frisby also explains why he believes we are living through a 100-year reset of money, where fiat currency loses power and both digital and tangible assets take its place. Watch the full interview for Dominic Frisby’s unfiltered view on the decline of fiat, the rise of real money, and what this transition means for your financial future. 📗 Dominic Frisby’s new book, “The Secret History of Gold,” is available for pre-order now. 🔗 Subscribe to his newsletter: https://theflyingfrisby.com/ (Recorded: November 06, 2025)

Nov 7

The U.S. economy is in a "Great Contradiction" as the Federal Reserve injects $125 billion while the White House blames it for a "housing recession." Dr. Ron Paul, former U.S. Congressman and Host of ‪@RonPaulLibertyReport‬ argues these are not accidents, but signs of a system that is "totally bankrupt." He explains why the Fed's strategy "is to cause chaos" and warns that Americans "should be on our toes for something very, very big to happen." Paul also shares his thoughts on the recent elections, calling the new NYC mayor a "communist" funded by "trillionaires." He provides a shocking "insider" claim from his time in Congress, where he was told the Constitution is "anachronistic" and "we don't even follow that." Warning of an inevitable financial crisis from the $1.9T deficit, Paul explains the debt will be "paid off with funny money" and that $4,000 gold is "not the golden age," but a warning sign. Watch this must-see interview to hear Ron Paul’s unfiltered take on the Federal Reserve's "chaos" strategy, the "debt spiral," and the constitutional crisis at the Supreme Court. Don’t miss Paul’s bold insights into what’s next for the U.S. economy and the future of gold. Interview Recorded November 5, 2025.

Nov 7

Is the AI boom a repeat of the 2000 dot-com "bubble"? As the S&P 500 surges to record highs, Chief Market Strategist Gareth Soloway warns a "major market top" is in. In this interview with Kitco News Anchor Jeremy Szafron, Soloway reveals the charts that show "exhaustion signs" and why milestones like Nvidia's $5 trillion market cap "oftentimes mark tops." He argues that "institutional money is dumping" on retail investors and compares today's "mania" to 2000, warning a "nasty snap back" is coming. Soloway also lays out his actionable playbook for what's next, including: -Gold: Why he's "loading the boat" on a pullback to $3,600 for a $5,000 target. -Bitcoin: How it's "sending a signal" for a stock market correction and his $93k re-entry level. -Silver: His $43 accumulation target. -Stocks to Watch: His analysis of Apple, Amazon, and Palantir. (Recorded: October 31, 2025)

Oct 31

A new, disruptive force is entering the gold market. Tether, the issuer of the world's largest stablecoin, has been aggressively investing in gold royalty companies, but according to our guest, they are just "the first". In this interview, Jeremy Szafron sits down with Brett Heath, CEO of Metalla Royalty & Streaming, to discuss the collision of crypto and precious metals. Heath reveals we are in the early stages of what he calls the "Great Rebalance"—a massive $370 trillion shift out of financial assets and into tangible assets like gold. He explains why this global move away from U.S. Treasuries means gold will need to reach $6,000 to $8,000 an ounce , and why the "mania phase" of this bull market "has not even started yet". (Recorded October 30, 2025)

Oct 31

The U.S. economy is built on a mountain of unsustainable debt, and the bill is coming due. According to economist E.J. Antoni, the American consumer is officially "tapped out," and the Federal Reserve is trapped in a corner with only two options: a credit crisis or runaway inflation. In this deep-dive interview, the former nominee to lead the Bureau of Labor Statistics tells Kitco News' Jeremy Szafron that the official jobs data is a "scandal," arguing the BLS has knowingly used flawed models since 2022 to mask weakness in the economy. He breaks down the alarming consumer debt data showing 90% of Americans have burned through their savings and explains why government spending is the "original sin" forcing the Fed's hand. Is the U.S. headed for a reckoning? Antoni lays out the path he believes is inevitable and what it means for your financial future. Recorded on October 30, 2025

Oct 24

A massive physical drain is accelerating in the silver market, with 29 million ounces leaving the COMEX vaults in just two weeks. At the same time, a new institutional thesis argues for a "structural change" in gold as central banks diversify away from the dollar. Are these events connected? Is the physical market breaking away from the paper price? To get answers, Kitco News Anchor Jeremy Szafron sits down with Bob Gottlieb, a former executive at a major bullion bank and author of the upcoming book "Mastering Gold and Silver Markets." Gottlieb, whose own forensic analysis first detailed the scale of the silver drain, provides an insider's perspective on the stress fractures now appearing in the global delivery system. (Recorded on October 23, 2025)

Oct 24

With the S&P 500 hitting a new all-time high and gold spiking past $4,100 after a cooler-than-expected inflation report, investors are navigating a deeply conflicting market. Is the AI-driven stock rally a speculative bubble, or is this time different? As the Federal Reserve gets the green light to cut rates, is the U.S. dollar about to weaken significantly, fueling the next leg up in precious metals? Recorded on October 24, 2025, this Kitco News interview features Will Rhind, founder and CEO of GraniteShares. Will, a true architect of the ETF industry, argues that while stock valuations are high, today's companies are of a much "higher quality" than those of the late '90s. He breaks down why the debasement trade is accelerating, why it's now a "question of silver prices catching up to gold" , and how investors should be positioning themselves in an era where simple "buy and hold" investing is evolving.

Oct 23

After gold surged to a historic all-time high of over $4,381, the market was hit with a violent correction, with prices plunging more than 5% in the sharpest single-day drop since 2013. As the Wall Street narrative points to a "risk-on" rotation into equities, many investors are asking if the bull market is over. In this Kitco News interview, Rich Checkan, President of Asset Strategies International, argues the exact opposite. He calls the rout a "massive opportunity to buy well" and explains why he believes the core fundamentals—from central bank buying to currency debasement—remain firmly intact. Jeremy Szafron sits down with Rich to go beyond the headlines and dissect what's really happening in the precious metals markets. They discuss the psychology of a market top versus a healthy correction, the profound disconnect between the crashing paper price and the extreme tightness in the physical market, and the key indicators every investor should be watching now. Rich also provides his actionable playbook for investors wondering whether to buy, hold, or sell in the face of this volatility. Recorded on October 22, 2025.

Oct 21

The financial system is sending out a major distress signal. While stocks hover near all-time highs, former Federal Reserve insider Danielle DiMartino Booth warns that a systemic liquidity crisis is already here, and it will force the Fed to abandon its inflation fight. In this interview, the CEO of QI Research tells Kitco News' Jeremy Szafron that the violent 5% sell-off in gold is a "repeat of March 2020"—a forced liquidation event signaling that the "dash for cash" has begun. She breaks down why "prime borrower" delinquencies are the new canary in the coal mine and explains how banks are using "extend and pretend" tactics to hide a brewing credit event she says will unleash "more cockroaches" into the public markets. Is the Federal Reserve trapped? Booth lays out the final indicator that will prove the system has broken and the Fed has lost control.

Oct 21

The global battle for resources has reached a crisis point. Beijing's weaponization of its control over critical minerals has sent shockwaves through the markets , while a shadow war is being fought over the illicit gold trade that funds conflict and terrorism. The West is now facing what our guest calls a "choke hold over supply" in a system he declares is a "broken market". Kitco News Anchor Jeremy Szafron sits down with Dominic Raab, the former Deputy Prime Minister of the United Kingdom and current Head of Global Affairs at Appian Capital. A year after his explosive "Silence is Golden" report with the World Gold Council, Raab reveals that while "the silence has been broken" on illicit gold, the West must now confront a much larger strategic failure. In this crucial interview, Raab lays out the blueprint for survival and victory in this new global conflict over metals. He details why the West's short-term thinking led to this crisis and provides an actionable three-point plan for leaders to build secure supply chains through public-private partnerships, permitting reform, and a "hub and spoke" model of friend-shoring. (This interview was recorded on October 17, 2025.)

Oct 16

Gold continues above $4,200, and silver has surged past $53, but Scottsdale Mint CEO Josh Phair says this is only the beginning. “If you take the foreign debt of the United States, not domestic debt, but foreign debt, and its stated gold holdings, that number’s over 30,000,” he tells Kitco News Anchor Jeremy Szafron. “It’s already hit it twice in my lifetime. Why couldn’t it do it again?” Phair calls this the Phair–Sinclair Ratio, inspired by legendary trader Jim Sinclair’s model that predicted past gold bull markets. He believes the same imbalance between debt and gold is now driving a historic repricing of real assets. “We’re in a metal war,” Phair warns. “Whoever controls the metal will win the energy race, the AI race, and the military race.” Refineries face “four to six month backlogs,” silver is being “flown across the Atlantic,” and lease rates have surged “as high as 85 percent.” He adds that the scramble for physical metal has gone geopolitical. “You’ve got one price for deliverable metal in Dubai or Shanghai and another for London and New York.” Phair says the world is already splitting into “a bifurcated trade, two worlds, think Axis and Allies,” as nations repatriate gold and rebuild vault networks outside the Western system. (Recorded October 16, 2025)

Oct 16

In this crucial market update, Technical Analyst Gary Wagner of The Gold Forecast confirms we are in a "true silver squeeze" as the physical market goes into backwardation, an event he says suggests demand is "far exceeding physical stock". He gives his new, must-see price forecasts for both gold and silver, with targets of $4,300 for gold and $55 to $58 for silver. In a detailed analysis with Kitco News' Jeremy Szafron, Gary Wagner also explains the powerful, ongoing trend of central bank buying that is tightening the global supply because sovereign nations "accumulate hold. They don't sell". He also shares a shocking story about physical gold demand at major retailers like Costco, where it sells out in days. Finally, he reveals the key support level that must hold to avoid "technical chart damage" to the rally. Recorded October 14, 2025.

Oct 15

Global markets are flashing red as debt, inflation, and confidence collide. “Inflation is not a fatality. Inflation is a policy,” warns Daniel Lacalle, chief economist at Tressis, calling today’s turmoil a “slow-motion implosion” of advanced economies. Speaking with Kitco News Anchor Jeremy Szafron, Lacalle says the Federal Reserve has been “too late, too slow, and too wrong” about inflation, and that central banks are “doing all they can to maintain the sovereign debt bubble alive.” He argues that gold and silver are “discounting currency destruction” and that “it is the start of the repricing of silver in the global economy.” Lacalle warns the next phase of the crisis could hit savers directly. “The only thing governments will do once they enter into this phase of currency debasement is to try to offset part of their liabilities with the wealth on the savings and the deposits of those they can control.” The interview unpacks the Fed’s policy trap, precious metals’ surge, and the coming “global reset.” (Recorded October 14, 2025)

Oct 1

The U.S. government is officially shut down, sending gold to a new all-time high near $3,900 an ounce. At the same time, Bitcoin is surging past $117,000 as major news breaks that could reshape the future of digital assets. In Singapore, a firm co-founded by Donald Trump Jr. announced plans for a crypto debit card, while in Washington, the IRS issued guidance that gives a green light for mass corporate Bitcoin adoption. Is this the moment the "hard asset" thesis goes mainstream? Are we witnessing the decay of one system and the rapid construction of a parallel economy, all in the same 24-hour news cycle? In this essential market update, Kitco News anchor Jeremy Szafron is joined by Emmy-award winning journalist and host of the Coin Stories podcast, Natalie Brunell, to connect the dots on a truly historic day. Natalie breaks down why Washington's "spending problem" is a primary driver for both gold and Bitcoin, what the IRS tax ruling really means for corporate treasuries, and whether nation-states are already secretly adding Bitcoin to their reserves. Recorded October 1 2025

Sep 30

A "profound reversion cycle" is here, and the fourth quarter could set the tone for the next few decades, warns Mike McGlone, Senior Macro Strategist at Bloomberg Intelligence. McGlone tells Kitco News' Jeremy Szafron that gold's "scary" rally toward $4,000 is a major warning sign for the broader economy, pointing to a massive shift into gold ETFs this year after four years of outflows. McGlone cautions that with stock market volatility near five-year lows, even a minor reversion could cause the "dominoes to tumble" for risk assets. He explains why he believes industrial commodities are vulnerable, forecasting that crude oil is in a "low price cure trajectory" that could see it revert toward $40 a barrel. He also explains why copper's rally is at risk and why silver may continue to lag gold due to its industrial properties. Finally, McGlone breaks down why Bitcoin's correlation to the stock market is at its highest ever, making it a clear risk-on asset in this environment. Recorded September 30, 2025 Follow 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)

Sep 29

Market veteran Clem Chambers issues his most important forecast of the year in this exclusive Kitco News interview. He argues that the world is on the verge of the "biggest economic boom since they invented the steam engine," driven by the AI revolution, and reveals how he is positioned to take advantage of it. However, he also delivers a stark warning for the crypto market, predicting an imminent "crypto winter" that could send Bitcoin back to the $40,000-$60,000 range, and identifies a group of companies he believes "will be the FTXs of this cycle". In this wide-ranging conversation with Kitco News Anchor Jeremy Szafron, Clem gives his specific price targets for Gold and Silver, details the strategic importance of Platinum and Palladium, and explains why he believes a recent merger in the copper market is like "being given an insider trade". Interview recorded on Friday, September 26, 2025. Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron ) Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow ) Follow Clem Chambers on X: @ClemChambers ( / clemchambers )

Sep 29

It has been a week of extreme volatility and conflicting signals for the precious metals market. After gold futures surged past $3,800 to a new all-time record and silver smashed through $45, a blockbuster U.S. GDP report sent the dollar soaring and knocked metals back from their highs. In this environment of peak uncertainty, where the economic data is unreliable and even the Federal Reserve is openly disagreeing with itself, what do the charts say is next? Jeremy Szafron is joined by one of the best technical analysts in the business, Gary Wagner of TheGoldForecast.com, for a deep dive into the technical picture. Wagner declares that the market's strength is "exceedingly strong," with dips being bought aggressively, and that the bullish case remains firmly intact. He gives his specific timeline for $4,000 gold, explains why silver's breakout to $45 is the most significant in years, and reveals the one signal that would tell him the rally is finally over. Recorded September 25th 2025 Key Forecasts from Gary Wagner: -Gold Price Target: "We'll definitely see $4,000 by the first or second quarter of next year... It's not if, but when". -Silver Price Target: The all-time high around $50 is an "absolutely" realistic possibility this year. -Market Strength: "What is the most impressive aspect... is rather than it correcting... we're seeing sideways action or consolidation... that is a sign of strength". -On the "Overbought" RSI Signal: A market can stay overbought for a long period "especially if the fundamentals driving prices higher... are not diminishing". -The Invalidation Signal: The bullish trend is intact until we see "more than two days in a row of a correction". -The Fed's Dilemma: The Fed is in a "quandary" and a "precarious place," forced to battle a weak labor market and persistent inflation at the same time. 00:00 - Intro: Gold Hits Record $3,800 vs. a 3.8% U.S. GDP Report 01:00 - Kitco Poll: 73% of Viewers See Gold Above $4,000 01:50 - Reviewing Gary's Last Forecast (Metals HIT, Dollar MISS) 02:15 - Gary Wagner's U.S. Dollar Analysis: Resistance at 100 04:10 - Gold's New All-Time High ($3,823): Why Consolidation is a Sign of Strength 06:15 - Has Volume Confirmed Gold's Breakout? 07:28 - Gary Wagner's Key Support Level for Gold ($3,700) 08:10 - The Fed's "Quandary": Fighting Inflation & a Weak Labor Market 12:20 - Gold's RSI Most Overbought Since 1980: Bullish or Bearish? 15:25 - Gold Price Forecast: Gary Wagner's Timeline for $4,000 16:00 - Silver Price Forecast: "A Solid Breakout Like We Haven't Seen in Years" 17:10 - Is $50 Silver #gold #silver #investing #federalreserve #goldprice #silverprice #economy

Sep 29

A new commodity supercycle is here, according to Saxo Bank's Ole Hansen. In this interview, he declares we are at the "cusp of an energy transition super cycle" while breaking down the immediate supply shocks gripping the copper market today. Kitco News Anchor Jeremy Szafron sits down with Ole Hansen to get his detailed outlook on the precious metals. Hansen explains why gold could see a deep but healthy correction to the $3,600 level without hurting the overall bull market setup. He makes the case for $50 silver, revealing that he likes it "even a bit more than gold" because it can run faster. The conversation also dives deep into the "perfect storm" driving platinum, the year's top performer, and why natural gas is "dirt cheap" and its low price is "not going to last". Hansen also reveals the one risk that could keep him awake at night: a loss of market confidence in the Federal Reserve. (Recorded September 24, 2025) Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron ) Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow ) Follow Ole S Hansen on X: @Ole_S_Hansen ( / ole_s_hansen ) 00:00 - Intro: A Market of Conflicting Signals 01:10 - U.S. Economy: Is the Housing Surge a Blip? 02:48 - COPPER SHOCK: Freeport Declares Force Majeure 07:21 - GOLD: A Healthy Correction to $3,600? 09:16 - Why Institutions Are Still Underweight Gold 14:36 - SILVER: The Case for $50 18:07 - PLATINUM: Inside the "Perfect Storm" 22:11 - The PGM Substitution Story: Platinum vs. Palladium 24:36 - CRUDE OIL: Disconnected and "Living on its Own Planet" 31:59 - The "Energy Transition Supercycle" Has Begun

Sep 29

After a $1.8 billion liquidation event rocked the crypto derivatives market, Swan Bitcoin CEO Cory Klippsten joins Kitco News Anchor Jeremy Szafron for a deep dive into the forces driving the market. Klippsten provides a masterclass on the Bitcoin thesis, arguing that the recent volatility is "not a big deal" and that his long-term price targets of $10,000 Gold and $1 million Bitcoin remain firmly intact. He dismisses the rise of corporate Ethereum treasuries as "just marketing" and argues that staking ETH is "stupid" when the asset is devaluing against Bitcoin. Klippsten also breaks down why he believes the Bitcoin cycles are dampening but not over, and gives his take on the new "crypto-friendly" SEC, the threat of a Digital Euro, and why he believes Bitcoin will eventually surpass Gold's market cap. During the interview, Cory referenced his in-depth research on the diminishing effects of the Bitcoin halving. For viewers who want a deeper dive into the data and his analysis, you can find the research paper he mentioned at the link below: ➡️ Read the full research here: ( https://www.swanbitcoin.com/analysis/... ) Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron ) Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow ) Follow Cory Klippsten on X: @coryklippsten ( / coryklippsten )

Sep 29

Axel Merk, Founder and CEO of Merk Investments, declares that we are in the "single greatest margin expansion opportunity for the mining sector in a generation" in this exclusive interview with Kitco News Anchor Jeremy Szafron. Merk, whose firm has over $2.9 billion in assets , dives deep into the historic breakout in gold and silver, arguing that the Federal Reserve's policy of "foaming the markets" will continue to fuel the rally in hard assets. He also makes a significant call, naming former Fed Governor Kevin Warsh as the ideal candidate for the next Fed Chair to "reform the Fed in earnest". Merk gives his outlook on the juniors, the majors, and explains why he believes "institutional participation is still modest", providing a major catalyst for the sector. Finally, he unpacks the historical parallels to the 1929 market crash, providing a unique context on the policies of Presidents Coolidge and Hoover that every investor needs to hear. (Interview Recorded: September 22, 2025)

Sep 29

Kitco News Anchor Jeremy Szafron sits down with one of the world's most respected economists, former IMF Chief Kenneth Rogoff, for a stunning interview about the future of the U.S. dollar. As central banks buy gold at the fastest pace in modern history , Professor Rogoff, author of the new book 'Our Dollar, Your Problem,' explains why the dollar's "days are numbered." In this wide-ranging discussion, Rogoff tells Jeremy Szafron why he believes the Federal Reserve is "under assault" - a structural problem in US politics that will inevitably lead to higher inflation. He also declares that "the Chinese crisis is here" , explains why the US is vulnerable to a Japanese-style inflation shock , and reveals why he believes "gold is the new gold." Guest: Kenneth Rogoff Harvard University Professor Former Chief Economist, International Monetary Fund Author, "Our Dollar, Your Problem" and "This Time is Different" This interview was recorded on September 16, 2025.

Sep 29

Peter Schiff warns that a "great repricing" is underway and the Federal Reserve is about to make its "biggest error yet" in the face of a U.S. sovereign debt crisis. In this exclusive interview with Kitco News Anchor Jeremy Szafron, Schiff explains why this crisis won't be like 2008 and what it means for the U.S. dollar, gold, and your savings. Schiff argues that the entire gold and silver rally, which has seen both metals hit multi-year highs, has been driven by central banks, not retail investors. He reveals that sales volume from "stackers" is nowhere near previous peaks and explains what will happen when the public finally rushes in. He also directly refutes claims made by the U.S. Treasury Secretary about the performance of U.S. bonds, explaining why foreign investors are facing significant losses and are now selling their U.S. debt. Finally, Schiff gives his forecast for a potential financial panic, including the government's likely response of capital controls, and discusses the risk of nationalization for gold miners and confiscation for physical gold owners. 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 ) This interview was recorded on September 16, 2025.