Kitco NEWS

As the global debt load hits a record $350 trillion, the financial system is facing a massive structural shift. In this deep dive, Jeremy Szafron, Senior Anchor at Kitco News, sits down with Frank Holmes, Executive Chairman of U.S. Global Investors and HIVE Digital, to map out the capital rotation into hard physical assets and the industrialization of the AI revolution.

Holmes reveals why Bitcoin miners are now the "cheapest available data center capacity" for AI and how China’s $1.3 trillion "One Belt, One Road" initiative has become a geopolitical Trojan Horse. We also explore why silver has been reclassified as a strategic military mineral and the "Pac-Man" effect currently driving mining M&A.

Recorded: February 24, 2024 

Interview Chapters:
00:00 Debt Wall Meets Crypto 
00:58 Frank Holmes Joins 
02:40 China Challenges Dollar 
05:50 MMT and Security Spending 
08:12 Gold Target Explained 
11:28 Scarcity and Real Assets 
13:20 Why Miners Lag 
16:48 Where Upside Lies 
19:04 Gold Math and Fort Knox 
20:58 Bitcoin Geopolitical Risk 
24:42 Silver Turns Strategic 
27:14 AI Data Centers Opportunity 
31:40 Cooling Bottlenecks and Canada 
35:18 Macro Mispricing Housing 
37:50 Gold ETFs Catch Up 
39:16 Wrap Up and Subscribe

#Gold #Silver #AI #Bitcoin #FrankHolmes #KitcoNews #MacroEconomy #DebtWall #Finance #Investing #USDollar #Mining
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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.

In this Kitco News exclusive, Senior Anchor Jeremy Szafron sits down with billionaire investor and Sprott Inc. founder Eric Sprott to break down the unprecedented breakout in the precious metals market. With gold establishing a new normal above $5,227 and silver surging past $92 an ounce, Sprott details why the physical short squeeze is unfolding in real time.

We dive deep into the recent CME Globex technical interruption, the drain on Western physical inventories, and why Eastern markets are now fully dictating global price discovery. Sprott also reveals the strategy behind his aggressive capital deployment, including his massive low 40 percent ownership stake in Hycroft Mining, and his recent multimillion dollar sweeps across the junior mining sector with names like Rio Silver and Highlander Silver. From systemic risks mirroring 2008 to quantitative funds fleeing US equities for hard assets, this interview provides critical insights into the resource sector's historic rotation.

Recorded February 27 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) 
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Timestamps:
00:00 Gold Breaks New Normal
01:22 CME Halt And Squeeze
04:01 India Rewrites Pricing
06:32 Silver Ratio Reversion
07:52 Offtake Deals Emerging
09:02 Hycroft Mega Resource
11:12 Junior Miners Catch Up
12:10 Nortel Effect In Gold
13:19 Picking Winners At $150
14:42 Institutions Finally Arrive
15:58 Liquidity And Deal Pricing
17:19 Hunting Hidden Gems
18:38 Jurisdiction Risk Check
20:16 Majors Missing the Cycle
21:36 Buyout Fears and Upside
23:03 Risk Rules for Newcomers
24:12 Do Metals Hedge Crashes
26:28 Price Decks and Cutoff Grades
27:46 Speed of the Bull Market
29:05 Wrap Up and PDAC

#KitcoNews #EricSprott #SilverSqueeze #Gold #Silver #MiningStocks #PDAC2026 #Commodities #Investing #Macro
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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 speculation reached a fever pitch this week following a 90-minute CME halt that hit right as prices surged passed $90. While the exchange cited technical issues, the timing - occurring just ahead of the first notice day for March Silver - has sparked intense debate over market liquidity and delivery mechanics.

Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Asset Management, joins Jeremy Szafron to cut through the noise. Schiff questions whether the "technical issue" was a "coincidence" or a move meant to diffuse a deeper problem, suggesting the official explanation is "better than telling the truth".

In this wide-ranging interview, Schiff breaks down the "math problem" facing Washington as the administration pledges to protect Social Security while proposing to replace income taxes with tariffs. He warns that failing to cut entitlements will lead to inflation that "reduces the value of those entitlements" regardless of the pledge.

Schiff also explores the "killer use case" for gold: bypassing the legacy banking system. He explains how tokenized gold and India’s massive regulatory shift - allowing 35% flexibility for equity funds to allocate into metals - are fundamentally changing price discovery and removing counterparty risk.

Recorded on February 26, 2026 

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) 
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Follow Peter Schiff on X: @PeterSchiff (https://x.com/PeterSchiff)

00:00 Silver Halt Shockwave
00:36 First Notice Day Basics
00:59 India Opens Metals Floodgates
01:30 ETF Flows And Options Buzz
01:57 Peter Schiff Joins In
02:27 CME Halt Market Mechanics
03:44 Why Gold And Silver Rise
05:14 Main Street Demand Signals
07:13 Smart Money And Tether
09:04 Tokenized Gold Case
11:57 Adoption And Banking Exit
14:15 Trump Entitlements And Debt
16:46 Housing Policy Contradictions
19:42 Dollar Confidence Breakdown
24:02 Gold Options And Debt Crisis
26:05 Controls And Inflation Playbook
27:25 India Pricing And East Demand
30:22 Miners And Junior Upside
33:49 Juniors Catalysts And M&A
37:01 Bitcoin Shakeout To Gold
38:20 Wrap Up 

#PeterSchiff #SilverSqueeze #GoldStandard #SocialSecurity #SilverPrice #JuniorMiners #FederalReserve #Inflation #KitcoNews #MarketFriction

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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.

A 50 million pound uranium deficit exists today, and Scott Melbye says it could expand dramatically in the years ahead as supply tightens and nuclear demand accelerates.

Speaking with Kitco News at PDAC 2026, the Uranium Energy Corp Executive Vice President said, “The reality is we have a 50 million pound deficit in the near term, going to 1.7 billion pounds by 2045.” He argued that Western utilities are returning to long-term contracting after years of below-replacement buying, just as available supply narrows and new production remains years away. With uranium trading off its January 2026 high above $101 and the Russia ban fully kicking in at the end of 2027, market conditions are shifting. “That deficit has to show up, and it will eventually,” Melbye added.

He also discussed US efforts to rebuild domestic uranium production through strategic reserves and faster permitting, as well as rising electricity demand from data centers and AI infrastructure that could accelerate nuclear expansion.

Recorded March 01, 2026.

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)
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Follow Uranium Energy Corp on X: @UraniumEnergy (https://x.com/UraniumEnergy)

#Uranium #NuclearEnergy #EnergySecurity #CriticalMinerals #pdac2026 

00:35 - Uranium Price Pullback
00:59 - Supply Deficit Reality
02:20 - Geopolitics and East-West Split
04:02 - US Policy and Federal Support
07:12 - Strategic Uranium Reserve
08:55 - AI Data Centers and Nuclear Demand
11:24 - SMRs and Faster Permitting
14:29 - UEC Ramp-Up and Sweetwater
16:29 - M&A and Industry Execution
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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 and silver were hit by a sharp liquidation, with silver plunging more than 10% intraday and gold falling nearly $150 before stabilizing. Jeremy Szafron speaks with former JP Morgan bullion desk executive Robert Gottlieb to break down what drove the move.

Gottlieb argues the selloff was structural, not conspiratorial. With gold rising from $2,600 to around $5,000 and silver surging from $28 to above $70, volatility mechanically reduced allowable position size across banks and funds. “The allowable positions based on navar become significantly small,” he explains, as value-at-risk limits tightened and banks stepped back from warehousing risk. In a crowded, leveraged trade, “selling begets selling in a market like this.” His warning to traders: “You never catch a falling knife.”

He also pushes back on manipulation claims, stating, “The banks are not short,” and emphasizes that central bank demand remains policy driven: “A central bank never makes a decision based on price. They make a decision based on policy.”

Recorded February 12, 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)
📘 Mastering Gold and Silver Markets (Released February 18, 2026): https://a.co/d/0auCvu7R

00:53 - Geopolitical Headlines, Dollar System Talk & Market Reaction
01:23 - Robert Gottlieb on the Silver 10.5% Collapse
02:22 - Algorithmic Trading, CTAs & Volatility Spikes
03:20 - Chinese New Year Liquidity & Pre-Holiday Selling
04:18 - VAR Limits: How Risk Models Shrink Positions
08:42 - COT Report: Managed Money & Swap Dealer Positioning
13:05 - CME Silver Withdrawals & Physical Market Flows
22:31 - Margin Increases & Volatility Amplification
24:19 - “Bull Markets Don’t Die From Corrections”
25:41 - Hedging, Leasing & How CME Futures Work
27:01 - Inside Mastering Gold and Silver Markets
31:07 - “Central Banks Buy on Policy, Not Price”
34:26 - Dollar Strength, Interest Rates & Gold
36:06 - Excess Leverage, Blind Consensus & Investor Mistakes
41:03 - “The Banks Are Not Short” Addressing Manipulation Claims

#Silver #Gold #MarketVolatility #ForcedLiquidation #PreciousMetals
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Disclaimer:  
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Silver is witnessing a profound structural shift as the physical market begins to exert dominance over paper pricing mechanisms. In this deep-dive interview, recorded on February 11, 2026, Jeremy Szafron, Anchor of Kitco News, sits down with David Morgan, publisher of The Morgan Report, to analyze the "plumbing" of the global silver market.

Morgan breaks down the sustained $10 Shanghai premium, the impact of the CME’s margin hikes on COMEX volatility, and why the silver market is entering a "cash-only" phase. They also discuss the massive 40-million-ounce silver accumulation in India and why platinum is currently offering a rare 25-year value opportunity relative to silver.

Key Topics Covered:

-The Shanghai Divergence: Understanding why the $10 premium persists and what the SHFE’s new hedging quotas mean for global supply.
-COMEX Under Pressure: How 15% margin requirements are flushing out leverage and shifting the market toward physical delivery.
-The India Factor: Analyzing the 40-million-ounce surge in Indian silver ETFs and its impact on global mine supply.
-The "Final Phase" Thesis: Why Morgan believes we are in the final 12 to 24 months of a historic cycle peak for precious metals.
-Platinum’s Value Play: Why the rarest noble metal is sitting at a multi-decade low against silver.

00:00 Introduction and Market Overview 
00:06 Shanghai Silver Premium Explained 
00:49 David Morgan's Insights on Silver Market 
01:05 Silver Market Dynamics and Arbitrage 
02:22 Comex and Shanghai Market Comparison
04:10 Physical vs. Paper Silver Market 
15:08 Impact of Margin Requirements 
21:58 Speculative Exposure and Market Stress 
25:10 Market Reactions to Regulatory Changes 
25:48 Public and Institutional Trading Dynamics 
26:57 Industrial Demand and Price Sensitivity 
29:25 Gold-Silver Ratio and Market Predictions 
32:23 ETF Accumulation and Global Demand 
35:31 Macroeconomic Factors and Precious Metals 
37:47 Technological Innovations and Market Impact 
39:43 Platinum Market Insights 
40:56 Future Outlook and Investment Advice 
49:24 Concluding Thoughts and Final Advice

#Silver #DavidMorgan #KitcoNews #Gold #SilverPrice #ShanghaiPremium #Comex #Investing #PreciousMetals #Platinum #MarketStructure #FinanceNews
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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.

In this Kitco News exclusive, Jeremy Szafron sits down with Josh Phair, CEO of Scottsdale Mint, live from the Texas State Capitol to break down a historic shift in state level finance. Texas has officially launched its own state branded gold and silver bullion program, integrating physical metal directly into the state economy through a first of its kind dot gov storefront.

Phair explains the mechanics of the new program, including the issuance of official Texas gold bills and commemorative coins tied directly to the Texas Bullion Depository. With gold pushing 5,100 dollars and silver at 83 dollars, this move marks a transition from passive storage to active state distribution. The interview also covers the impact of Basel Three regulations, which now classify physical gold as a 100 percent risk free asset, and how other states like Wyoming are positioning themselves in this new sovereign metals race.

Interview Recorded: February 11, 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) 
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) 
Follow Josh Phair on X: @JoshPhilipPhair (https://twitter.com/JoshPhilipPhair)

Timestamps:
00:00 Introduction and Breaking News 
00:57 Interview with Josh Fair: Insights from the Capitol 
01:28 Historical Context and Legislative Background 
02:56 Distribution and Sales Mechanics 
05:28 Comparing State Initiatives: Wyoming vs. Texas 
06:48 The Broader Impact on Precious Metals Market 
11:32 State-Level Gold and Silver Strategies 
14:14 Future of Precious Metals in State Economies 
21:02 Market Dynamics and Future Predictions 
29:15 Conclusion and Final Thoughts

#TexasGold #GoldStandard #SilverSqueeze #KitcoNews #JoshPhair #SoundMoney #TexasBullionDepository #GoldBills #CentralBankGold #Basel
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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 US economy is flashing contradictory signals. While consumer retail sales have stalled and delinquency rates hit near-decade highs, financial assets are moving at historic speeds. US equity markets are seeing daily turnover surpass $1 trillion, and gold is holding firm in the $5,000 range.

Will Rhind, Founder and CEO of GraniteShares, joins Jeremy Szafron to explain why this disconnect is happening and who is actually driving the volume. Rhind argues that the US has become the global liquidity sink for the world's capital, with international investors forced to trade US names to access the AI trade. He also breaks down a massive anomaly in the silver market, where ETF volume recently exceeded the S&P 500, and makes the case for Platinum as the "next metal to move" given its historic 50% discount to gold.

Recorded on February 10, 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) 
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) 
Follow Will Rhind on X: @willrhind (https://twitter.com/willrhind)

Key Talking Points:
-The Global Liquidity Funnel: Why $1 trillion in daily volume is a global, not local, phenomenon.
-Silver's "Abnormal" Signal: Why the SLV ETF is trading more volume than the entire US stock market.
-The "De Facto" Currency: Rhind discusses how gold has surpassed the Euro and is replacing the Dollar as the standard for central banks.
-Bitcoin's Rotation: Why capital is leaving crypto to chase the momentum in precious metals.

TIMESTAMPS: 00:00 Introduction and Market Overview 00:07 Economic Concerns: Consumer and Debt Data 00:39 Financial Assets and Market Velocity 01:05 Interview with Will Rhind: Market Disconnect 04:17 Credit Markets: Corporate Debt Analysis 09:26 Metals Market: Gold, Silver, and Platinum 23:09 Bitcoin and Cryptocurrency Trends 27:37 Market Predictions and Final Thoughts 34:49 Conclusion and Subscription Reminder

#silver #gold #investing #stockmarket #economy #wealth #preciousmetals #inflation #platinum #kitconews #jeremyszafron #willrhind #etf #finance #money #trading #marketcrash #recession #commodities #mining
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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.

While the White House launches "Project Vault" and the Treasury talks down gold prices as a "speculative blow off," major banks are quietly raising their targets to record highs. John Feneck of Feneck Consulting joins Jeremy Szafron to expose the massive disconnect between Washington’s rhetoric and Wall Street’s bets.

Feneck breaks down the "insane" 100% price explosion in Tungsten following China's export ban on January 1st, 2026. He identifies the specific US defense stocks poised to benefit from this critical shortage and explains why the recent 29% "flush" in Silver was a margin-driven gift for smart investors.

Recorded on February 9, 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow John Feneck on Twitter: @FeneckConsult (https://twitter.com/FeneckConsult)

IN THIS INTERVIEW:

-The Narrative War: Why Treasury Secretary Bessent calls gold a "bubble" while JP Morgan and Goldman Sachs target $6,000.
-The Tungsten Crisis: How China’s export ban triggered a doubling of prices in just 90 days.
-Stock Picks: Specific buy ratings for Guardian Metal, American Tungsten, Paramount Gold, and Power Nickel.
-Silver Volatility: Why the "brutal" Jan 30th crash was a buying opportunity, not a sell signal.

CHAPTERS: 
0:00 - Intro: Project Vault vs. The Banks 
1:02 - Bessent Calls Gold a "Bubble" (But JPM Says $6,000) 
2:45 - The Silver "Liquidated": Why It Crashed 29% 
3:50 - "We Are Just PAs": Manipulation & The Banks 
5:50 - THE TUNGSTEN EXPLOSION: China’s Export Ban Explained 
7:20 - Top Defense Stock Picks: Guardian, American Tungsten & Spartan 
9:30 - Paramount Gold: Buying The Oregon Permit News 
13:10 - Highlander Silver & Bear Creek: The Bull Case 
15:40 - Hecla Mining & The Major Silver Producers 
18:50 - Copper Strategy: Why Power Nickel is a "Rifle Shot" 
20:55 - Macro Outlook: "Terrible" Payrolls & The Fed 
22:15 - "This Is Not A Casino": Buying The Flush Strategy

#Gold #Silver #Tungsten #MiningStocks #JohnFeneck #CommodityWar #ChinaBan #Economy #Investing #KitcoNews
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Spot silver witnessed a massive liquidation event today, plunging double-digits and testing critical structural support in the low $70s. In this exclusive technical breakdown, Gary Wagner, Editor of The Gold Forecast, joins Jeremy Szafron to analyze the damage.

Wagner identifies the $71 level as the "line in the sand" that must hold to keep the bull trend alive. He explains the massive divergence between silver’s volatility and gold’s relative strength, describing silver as "a candle that burns twice as bright but burns half as long." Despite the carnage, Wagner maintains his bullish outlook, updating his year-end gold price target to a potential $6,000.

Recorded on February 5, 2026

Key Topics Discussed:
-The Silver Liquidation: Did the drop to $72.18 break the market structure?
-Technical Damage Report: Analyzing the "Bearish Engulfing" candles and the long lower wicks.
-Gold vs. Silver: Why Gold held the $4,800 range while Silver collapsed.
-The Forecast: Wagner’s updated price targets for late 2026.
-The Dollar: Analyzing the DXY breakdown to 95 and what it signals for metals.

Timestamps: 
00:00 Introduction and Market Overview 
01:19 Spot Silver Analysis 
01:54 Fundamental and Technical Factors 
11:26 Gold Market Insights 
18:15 Dollar Index and Market Sentiment 
20:49 Conclusion and Final Thoughts

#Gold #Silver #Investing #GaryWagner #KitcoNews #TechnicalAnalysis #Commodities #Wealth
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Disclaimer:  
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