Kitco NEWS

Jerome Powell claims inflation expectations are anchored, but skyrocketing commodity prices are telling a much darker story. Tavi Costa joins Jeremy Szafron to break down why the Federal Reserve has lost control of the inflation narrative and why a historic hard asset breakout has just begun.

In this Kitco News interview, Tavi Costa of Azuria Capital details why the global economy is entering a 1970s style stagflation cycle. Costa explains that with federal debt at record levels, the central bank cannot raise rates to fight the current energy and supply shocks, leaving them entirely trapped. He exposes the massive divergence between official CPI data and the real cost of raw materials, warning that this inflation impulse will only accelerate.

Beyond the macro picture, Costa reveals exactly how he is positioning his own portfolio to capitalize on this massive market disconnect. He explains why the recent pullback in gold and silver was a generational buying opportunity and shares the exact criteria he uses to pick mining equities. Costa even names the specific mining stocks he is buying right now, arguing that record low capital expenditure across the industry has created the ultimate asymmetric trade for investors.

Recorded March 30 2026

Follow 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)

Chapter Timestamps:
00:00 The Fed inflation trap and commodity breakout
01:31 Why central banks cannot stop this supply shock
03:32 The US debt crisis and the return of the 1970s
06:01 The CPI illusion vs official inflation data
09:35 Will rising energy costs trigger social unrest?
13:13 The hidden buyers of US Treasuries
16:32 Sovereign gold selling and emerging markets
19:50 Why the mining cycle is nowhere near a peak
23:42 The structural deficit in copper and silver
31:13 Why Tavi Costa is buying the gold and silver dip
35:50 Top mining stock picks Orla Mining and Aura Minerals
41:00 Final thoughts on hard asset positioning

#Gold #Inflation #TaviCosta
__________________________________________________________________

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/kitconews

Learn 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.

With gold pulling back to test its 200-day moving average and silver flashing oversold momentum, technicians are mapping the structural damage to the precious metals complex. Gary Wagner, editor of The Gold Forecast, joins Kitco News to break down the final C-wave correction in gold and the 78% Fibonacci retracement level holding silver.

Wagner outlines how the ongoing macro shocks—including Brent crude surging past $108 a barrel and Turkey's central bank liquidating 60 tons of gold for liquidity —are fundamentally driving the charts. He also details what needs to happen geopolitically for gold and silver to decouple from rising bond yields and catch a safety bid.

Recorded March 26 2026

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)

Chapters:
01:24 ABC Correction Breakdown
02:53 Key Support Levels
04:43 Oil and Fed Pressure
07:20 Crude Chart Resistance
09:40 Silver Technical Damage
11:46 Central Banks as Liquidity
13:18 What to Watch Next
17:10 Wrap Up and Viewer Call

#Gold #Silver #GaryWagner #KitcoNews #GoldPrice #Commodities #TechnicalAnalysis #Investing #Finance #MacroEconomics #Inflation #CrudeOil #FederalReserve #Trading #Charts

__________________________________________________________________

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/kitconews

Listen 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.com

Visit: 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/gold
Live silver price and chart: https://www.kitco.com/charts/silver
Live crypto market data: https://www.kitco.com/price/crypto

Learn 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 "Paper" markets are in a panic, but the "Physical" world is just waking up. Philippe Gijsels returns to Kitco News to break down a week of absolute chaos: from a blistering 8.4% annualized PPI print that has the Federal Reserve’s hands tied, to the massive escalation in the Middle East. We explore the first direct strikes on Iran’s upstream gas infrastructure at South Pars and why $109 Brent oil is just the beginning of a fragmented, weaponized energy order.

Gijsels provides his most aggressive outlook to date, detailing why he believes Gold is headed to $10,000 and Silver is targeting $200 as the global "Monopoly Money" system finally meets its match in physical scarcity. We also dive into his HALO framework (Heavy Assets, Low Obsolescence), the "Turbo" opportunity in mining equities, and why your traditional 60/40 portfolio is effectively being liquidated by inflation.

Recorded on March 18 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) 
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) 
Follow Philippe Gijsels on X: @pgijsels (https://twitter.com/pgijsels)

TIMESTAMPS
00:00 — Inflation Meets War Shock: Analyzing the 0.7% PPI surge and the immediate escalation in the Iran war.
01:04 — Commodities Bull Thesis: Why Gijsels calls this the "largest bull market in history".
02:49 — Why Gold Sold Off: Safe haven flows, the dollar's strength, and why gold hasn't fully benefited—yet.
05:08 — Silver Leverage Unwind: Understanding the "disorderly" move and the profit-taking at $60.
07:40 — Targets and Supply Crunch: Long-term "wild targets" of $10,000 Gold and $200 Silver.
10:20 — Energy Crisis Repricing: The South Pars strike, the Jones Act waiver, and the $109 Brent floor.
14:26 — Fragmented Oil Markets: Why the global oil market is splitting into competing political blocks.
18:39 — Central Banks Lose Control: Why the Fed and ECB will eventually "let inflation run" to manage debt.
25:24 — HALO Real Assets Rotation: Moving away from digital abstractions toward "Heavy Assets, Low Obsolescence".
28:04 — Tokenizing Commodities: The shift from paper exposure to direct programmable claims on physical metal.
32:34 — Why Miners Lag Metals: The "Turbo" opportunity in mining stocks and Tier-1 capital discipline.
35:32 — What Could Break the Bull: The deflationary risk and the "depression-style" bust scenario.
37:16 — Wrap Up and Key Takeaways: The structural case for hard assets in a "Material World".

#Gold #Silver #Commodities #Inflation #EnergyWar #PhilippeGijsels #MiningStocks #Investing2026 #KitcoNews #SouthPars #JonesAct #HALO #HardAssets
__________________________________________________________________

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.

War has a way of exposing what was already broken. As the conflict in the Middle East enters a more dangerous phase, markets are flashing a massive contradiction: oil remains volatile and shipping routes are under severe strain, yet gold and silver are suffering a sharp weekly sell-off. 

In this interview, Jeremy Szafron, Anchor of Kitco News, sits down with Gerald Celente, Founder of the Trends Research Institute and Publisher of The Trends Journal, to break down the "Gold Paradox" and what it reveals about the state of the global economy. Celente argues that the current price action is a "rigged game" designed to mask the dire straits of a U.S. economy facing a $40 trillion debt level. They also dive into the tactical escalations surfacing in the Middle East, including reports that the administration is weighing a move on Iran’s Kharg Island—a hub for 90% of the country’s crude exports. With a $200 billion war funding request on the table and diesel prices pushing past $5.00 a gallon, Celente warns that the "war squeeze" is now hitting the American kitchen table. 

Beyond geopolitics, Celente provides a blunt assessment of the "Dot-Com 2.0" AI bubble, explaining why he believes China is poised to lead the technological race while Western "Magnificent Seven" stocks face significant overinvestment risks. 

Recorded March 20 2026


Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) 
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)
Follow Gerald Celente on X: @geraldcelente (https://x.com/geraldcelente)

Timestamps:
00:00 - Introduction: The Market Contradiction 
01:10 - Gold and Silver Selloff: Safe Haven Trade Breaking Down? 
02:46 - Gerald Celente on Gold Price Suppression Claims 
06:58 - Who Really Controls Gold, Oil, and Market Prices? 
10:37 - Historical Pattern: Economic Crisis and the Road to War 
17:40 - Main Street Pain: Inflation, Fuel Costs, and Consumer Stress 
22:08 - Oil Price Spike Warning: Why Crude Could Surge Higher 
26:53 - Nuclear War Risks, False Flags, and Escalation Fears 
27:23 - War Spending, Recession Risks, and Economic Decline 
29:43 - Why China Could Dominate the AI Race 
31:09 - Magnificent Seven Overinvestment and Tech Market Danger 
37:26 - Media Censorship, Wartime Narratives, and Press Freedom 
44:17 - Gerald Celente on Building a New Peace Movement 

#Gold #Silver #GeraldCelente #KitcoNews #MiddleEast #Inflation #OilPrices #AIBubble #Recession #Geopolitics #MarketManipulation #KhargIsland #WarEconomy #DebtBomb
__________________________________________________________________

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 suffered its steepest weekly decline in more than 14 years, plunging toward $4,100 an ounce before a violent rebound. While mainstream headlines credit the pause on Iranian energy strikes, Gareth Soloway, Chief Market Strategist at Verified Investing, warns that a much larger, systemic threat is driving the selloff.

In this compelling macro and technical breakdown, Soloway explains how a brewing crisis in the $2 trillion private credit market is triggering margin calls, forcing investors to liquidate gold as it behaves increasingly like a risk asset. Furthermore, he reveals the chart that is truly dictating U.S. geopolitical policy: the U.S. 10-year yield nearing 4.5%.

Soloway maps out his exact technical targets, explaining the "Phoenix effect" setup that requires a washout of weak hands before gold resumes its long-term trajectory toward $10,000. He also details his warning for the S&P 500, the failure of the U.S. dollar's crisis bid, and why capital is currently rotating into Bitcoin.

(Recorded on March 23, 2026)

Follow 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)

In This Video:
00:00 Gold Crash and Whiplash
01:18 Bear Case: Gold as a Risk Asset
04:00 Key Gold Levels and Bounce Setup
05:35 How Low Can Gold Go?
07:54 Silver Divergence and Targets
10:48 Miners & GDX Swing Trade
13:27 Oil, Yields, and Fed Pressure
17:28 Liquidity Squeeze and 2008 Echoes
21:47 Dollar Weakness and De-dollarization
25:27 Investor Playbook and Bitcoin Rotation
29:07 Trading Psychology and Wrap Up

#Gold #Bitcoin #Macro #GarethSoloway #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/kitconews

Visit: 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/gold
Live silver price and chart: https://www.kitco.com/charts/silver
Live crypto market data: https://www.kitco.com/price/crypto

Learn 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.

Financial author and demographic researcher Harry Dent returns to Kitco News to outline his case that the global economy is in an unprecedented "everything bubble" driven by 17 years of continuous government stimulus. Dent breaks down why he anticipates a significant market correction, pointing to the rapidly growing private credit market as the primary vulnerability, comparing its unregulated nature to the subprime mortgage crisis of 2008. He details his timeline for the markets, projecting that an initial stock market drop of 40% to 50% could happen rapidly.

Addressing the recent price action in the metals market, Dent argues that gold has joined the broader asset bubble and will not act as a safe haven during an initial liquidation event. Instead, he identifies long-term U.S. Treasury bonds and cash as the strategic vehicles for wealth preservation in the near term. Looking beyond the current cycle, he forecasts that India's rising urbanization and wealth will eventually drive a massive, fundamental bull market for physical gold. Finally, Dent explains his own decision to step away from the housing market, citing the aging Baby Boomer generation as a severe demographic headwind for real estate.

Recorded March 24 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) 
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) 
Follow Harry Dent on X: @HarryDentjr (https://x.com/HarryDentjr)

CHAPTERS:
00:00 Gold Defies Crisis
01:00 Meet Harry Dent
01:57 Everything Bubble Thesis
03:41 Stimulus Since 2008
06:28 Gold Joined The Bubble
12:24 Treasuries As Safe Haven
15:22 Central Banks And Reserves
17:06 India The Next Gold Driver
21:41 Crash Timeline And Speed
23:27 Private Credit Avalanche Risk
26:28 How Defaults Trigger Contagion
28:08 Private Credit Lockup Risk
28:37 Housing Bubble Ignition
29:09 Stimulus Fatigue Warning
30:16 Debt And Entitlements Timebomb
31:40 Why Bubbles Always Burst
34:31 Can Policy Stop Deflation
35:40 Get Out Of The Way
36:09 Crash Sequence Roadmap
37:30 Three Wave Bear Market
38:42 Millennial Boom Aftermath
41:43 Demographics And Australia
43:57 Where To Hide Now
45:57 Gold Cash Bitcoin Ranking
48:11 Treasuries As Safe Haven
49:25 Personal Conviction And History
50:23 Wrap Up And Viewer Callout

#KitcoNews #HarryDent #MarketCrash #Gold #Treasuries #PrivateCredit #Economy #Investing #RealEstate #Finance
__________________________________________________________________

Live gold price and chart: https://www.kitco.com/charts/gold
Live silver price and chart: https://www.kitco.com/charts/silver
Live crypto market data: https://www.kitco.com/price/crypto

Learn more about Kitco News: https://www.kitco.com/news/about/ 

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 math of the 2026 economy is reaching a breaking point. Economist and author Saifedean Ammous joins Kitco News Anchor Jeremy Szafron to expose the structural fractures currently paralyzing the global financial system. From the government’s refusal to audit Fort Knox to the "Paper Trap" that prevents physical gold from ever returning as a true medium of exchange, this interview reveals why the rules of the game have fundamentally changed.

Ammous breaks down why the 10-year Treasury yield hitting 4.5% is the ultimate "trigger" for the war machine and why your traditional S&P 500 portfolio is effectively a "melting ice cube" in an era of rapid debasement. We dive into the uncomfortable truth about stablecoins "bailing out" the Federal Reserve and why the banking monopoly has successfully neutralized gold's monetary role for over a century.

Whether you are protecting your wealth with physical metals or institutional Bitcoin, this conversation provides the raw, data-driven roadmap for the monetary endgame.

Recorded March 25 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) 
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) 
Follow Saifedean Ammous on X: @saifedean (https://x.com/saifedean)

Chapters:
00:00 Monetary Stress Setup 
01:00 Bitcoin Goes Institutional 
02:56 Fed Choices and Hard Money 
05:07 Gold Peg and Fort Knox 
07:08 War Shocks vs Debasement 
13:32 Gold Limits and Bitcoin Edge 
18:24 Paper Gold and Price Discovery 
23:13 Mining Economics and Difficulty 
29:23 Sovereigns and Bitcoin Reserves 
30:36 Nation States Stacking 
31:27 Spendable Reserves Reality 
33:54 Stablecoins Dollar Boost 
37:15 Tether Demand Reality 
39:26 Fiat Money Fuels War 
48:00 War Costs Hit Markets 
49:02 Treasury Yields Warning 
54:19 Sane Hard Money Plan 
58:07 Alternative History Pitch 
59:41 Wrap Up 

#Gold #Bitcoin #Macro #KitcoNews #Finance #Economics #GoldStandard #Investing #FederalReserve #SaifedeanAmmous
__________________________________________________________________

Visit: 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/gold
Live silver price and chart: https://www.kitco.com/charts/silver
Live crypto market data: https://www.kitco.com/price/crypto

Learn 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 International Energy Agency (IEA) has officially identified this as the largest supply disruption in the history of the global oil market. As the Federal Reserve begins its two-day policy meeting today, it faces a "nightmare setup": energy prices are soaring just as the U.S. labor market begins to soften.

In this interview, Larry McDonald, founder of The Bear Traps Report and author of How to Listen to Market Speak, reveals why this isn't just a macro scare—it is the "exhaustion of the paper-credit system itself". From the 70% collapse of subprime lenders like Goeasy to Morgan Stanley’s 8% default warning for private credit, the "truth bleed" has begun.

In this episode, we break down:
-The "Grocery Bill" Shock: Why the 8-million-barrel drop and the spike in urea fertilizer (up 28%) are hitting the real economy during planting season.
-The Fed’s Dual-Mandate Trap: Why Powell is caught between an energy-driven inflation spike and a 2008-style credit crisis.
-The AI Credit Disruption: How the "CapEx lunacy" in Silicon Valley is triggering a wave of defaults in software-heavy portfolios.
-The Hard-Asset Manual: Larry's tactical picks in Uranium, Coal, and Volatility, and why gold miners could face a 30% drawdown before the real rally.

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) 
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) 
Follow Larry McDonald on Twitter: @Convertbond (https://twitter.com/Convertbond)

Video Timestamps

00:00 Energy Shock Opens 
01:22 Fertilizer & Food Inflation 
03:19 Gold Miners Cost Squeeze 
06:17 Refining Bottlenecks 
08:45 Housing & Rates Pressure 
10:17 Private Credit Inferno 
11:42 Fed & Financial Repression 
14:16 Hard Assets Power Plays 
17:29 AI Disruption & Credit Contagion 
26:07 Rotation Into Energy 
30:32 How to Trade Drawdowns 
32:08 Midterms & Volatility Hedge 
35:29 Closing Takeaways 

Visit Kitco.com for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.

#gold  #LarryMcDonald #OilShock #FedMeeting #PrivateCredit #Uranium #KitcoNews #Inflation #Nvidia #Copper #EnergyCrisis
__________________________________________________________________
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/kitconews
Learn 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.

Macro Mavens founder Stephanie Pomboy joins Kitco News to break down the immediate systemic risks facing U.S. markets. As oil prices surge and global central banks begin to diverge, Pomboy warns that the real threat lies within a $5 trillion segment of corporate debt sitting just one downgrade away from junk status. Furthermore, she details the hidden leverage locking up retail investors in private credit and why a massive $4 trillion shortfall in the U.S. pension system could force policymakers into another major bailout.

In this interview, Pomboy outlines how these combined pressures - from forced selling in liquid assets to rising debt service costs - set the stage for a severe credit squeeze. She also explains why she sees gold reaching $6,000 by year-end as the Federal Reserve is ultimately forced to prioritize economic cushioning over inflation fighting.

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) 
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) 
Follow Stephanie Pomboy on X: @spomboy (https://twitter.com/spomboy)

Chapters:
00:00 Market Rebound Headlines
01:10 Oil Shock and Policy Levers
06:24 Inflation Fears and Liquidity Squeeze
09:02 Triple B Downgrade Risk
14:04 Private Credit Gates and Pensions
18:02 Central Bank Divergence Watch
20:51 Gold Outlook and Fed Leadership
25:26 What Investors Miss Now
28:34 Rates, Treasuries and Recession Signals
30:57 Wrap Up and Subscribe

#StephaniePomboy #KitcoNews #Economy #Gold #CorporateDebt #Investing #FederalReserve
__________________________________________________________________

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/kitconews

Listen 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.com

Visit: 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/gold
Live silver price and chart: https://www.kitco.com/charts/silver
Live crypto market data: https://www.kitco.com/price/crypto

Learn 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.

Silver’s powerful rally may be entering a new phase, and the biggest opportunity could now lie in mining equities.

Speaking with Kitco News at PDAC 2026, Peter Krauth, author of The Great Silver Bull and editor of Silver Stock Investor, said the market has likely moved beyond its early accumulation stage and into the awareness phase of the bull cycle. He expects volatility to remain a defining feature of the market this year as prices continue climbing.

Krauth also warned that structural pressure may be building in the paper silver market. “If you get some big futures holder that says, ‘I'm standing for delivery,’ and the exchange can't meet that delivery,” he said, “that's when all you know what breaks loose, and then that's a reset.”

At the same time, institutional capital may finally be turning toward the sector, with large funds beginning to recognize the need for exposure to resources. Krauth argues that silver developers remain deeply discounted relative to producers, leaving significant upside if capital flows accelerate.
Despite silver’s surge, he believes the cycle is still early. “This bull market is just getting started.”

Recorded March 02, 2026.

00:58 - Silver Bull Market Bear Trap Explained
02:55 - Geopolitics, Recession Risk and Silver vs Gold
03:58 - COMEX Silver Squeeze and Delivery Risk
05:50 - India Moves Away From LBMA Silver Pricing
07:09 - Industrial Silver Demand and Substitution Limits
09:00 - Solar Power, Batteries, and Silver Demand
11:02 - Silver Miners Scarcity Premium Explained
11:28 - Institutional Investors Enter Silver Mining Stocks
15:12 - Silver Miners Leverage on the Silver Price
16:41 - Offtake Deals and Physical Silver Premiums
17:50 - How to Invest in Silver Stocks Now

Special thanks to our sponsors, GoldMining Inc., U.S. Gold Mining Inc., UEC & URC for making this coverage possible.
To learn more, visit:
https://www.goldmining.com/
https://www.usgoldmining.us/
https://www.uraniumenergy.com/
https://www.uraniumroyalty.com/

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)
Follow Peter Krauth on X: @peter_krauth (https://x.com/peter_krauth)

#Silver #SilverPrice #SilverSqueeze #SilverStocks #SilverMiners #PreciousMetals #Mining #Comex #PDAC2026 #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/kitconews

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.