Kitco NEWS

Gold futures tested the key $4,000 psychological level this week under intense selling pressure before catching a late Friday bid. Gary Wagner joins Jeremy Szafron, Senior Anchor of Kitco News, to break down the technical damage and explain why he sees a "60% to 70% probability" that gold has established a firm technical floor.

Wagner outlines the critical resistance levels gold must break to save its broader bullish trend, noting that a return to record highs will be a "hard climb back up." The analysis also covers silver's resilience as it reclaims its 200-day moving average, outperforming gold during the recent drawdown. Plus, Wagner weighs in on how macro liquidity shifts - including the $75 billion SpaceX IPO and reports of a possible interim U.S.-Iran agreement around the Strait of Hormuz - are impacting the charts, and what the CME's upcoming move to 24/7 trading for retail gold contracts means for technical weekend gaps.

Recorded June 12 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 
00:00 - Gold Tests $4,000 & Market Macro Shifts
01:45 - The $4,000 Technical Floor & Support Levels
06:40 - $6,000 Elliott Wave Target & Resistance at $4,370
09:50 - Inflation Data & Fed Rate Hike Probabilities
11:50 - Silver Outperforms & Reclaims 200-Day Moving Average
21:20 - CME 24/7 Gold Futures Trading Impact
25:00 - Gary Wagner's Technical Roadmap for Next Week

#Gold #Silver #GaryWagner #KitcoNews #Investing #TechnicalAnalysis #Commodities 
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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
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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.

Tech, gold, and silver are plummeting together today in what 40-year veteran floor trader Todd 'Bubba' Horwitz calls a "100% margin call." In this interview with Kitco News, Bubba breaks down why the simultaneous liquidation across safe havens and risk assets is a warning sign of a system-wide flush. He explains why the massive $2.3B insider liquidation at AI giant CoreWeave is a distraction from the real structural rot in the economy, warning that true unemployment is already sitting at 8.5%. While Bubba forecasts an eventual 40% to 60% market crash, he explains his exact options strategy for staying long the market, the specific tickers he is accumulating today, and his exact buy levels for physical silver as the washout continues. 

Recorded June 9 2026

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

0:00 - The Tech & Gold Margin Call
1:23 - The $2.3B Insider Tech Liquidation
3:00 - Are Mega-Caps Exhausted?
4:10 - SpaceX, Private Markets & Liquidity
8:45 - CPI, Oil, & Macro Escalation
10:30 - The 8.5% Unemployment Reality
12:45 - Debt & The "Keynesian Rot"
15:30 - "100% A Margin Call"
18:40 - Silver's Washout & Exact Buy Levels
23:15 - Exact Stocks Bubba is Accumulating Today
26:45 - Options Strategy: Hedging the 60% Crash 

#MarketCrash #MarginCall #Silver #Gold #BubbaHorwitz #KitcoNews
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Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  

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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.

Gold prices are facing a major live test as the market digests hot jobs data, rising yields, and a sudden U-turn in Federal Reserve rate hike expectations. But is this current selloff a sign that the gold bull market is over, or simply a "base camp" pause before the next leg higher?

Jeremy Szafron, Senior Anchor at Kitco News, sits down with Ronald-Peter Stöferle, Managing Partner at Incrementum AG and co-author of the 20th anniversary In Gold We Trust report. Stöferle breaks down why Western investors are panic-selling, how the $140 trillion bond market is rotating into hard assets, and the "creeping remonetization" of gold driven by central banks and emerging markets. Stöferle also outlines the strict fundamental criteria generalist investors are demanding from gold and silver miners today, and exactly what signals to watch before trying to buy the bottom.

Record June 8 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) 
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) 
Follow Ronald-Peter Stoeferle on Twitter: @RonStoeferle (https://twitter.com/RonStoeferle)

CHAPTERS:
00:00 Gold Pullback Setup
00:46 Meet Ronald Stöferle
01:09 Why Gold Is Correcting
03:28 Base Camp Before Next Leg
05:06 Is The Bull Market Over?
08:12 Liquidity Panic Lessons
12:48 Remonetization Thesis
16:55 Scaring Investors Out Of Bonds
22:15 Six Vectors Of Remonetization
29:18 China And Emerging Demand
32:50 Gold As Trade Pressure Valve
38:44 Miners' Cash Flow And Strategy
43:37 How To Buy The Bottom
46:58 Targets: $4,800 To $8,900
49:43 Final Signals And Wrap 

#Gold #GoldPrice #KitcoNews #Investing #Macroeconomics

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🎧 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
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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.

Is the recent 7% drop in silver a warning sign, or the final shakeout before a massive repricing? Kitco News Senior Anchor Jeremy Szafron sits down with Michael Oliver, founder of Momentum Structural Analysis, to break down why his $300 to $500 silver target remains intact despite hot U.S. jobs data and a shift in Fed rate expectations. Oliver unpacks his long-term momentum charts, detailing how silver was "caught in a box" for 50 years and why it is now poised to enter a new price reality. He also warns of a brewing government bond crisis, a potential landmine for the S&P 500 below the 7,000 level, and why silver miners are positioned to outrun the metal itself.

Recorded June 5 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) 
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) 
Follow Michael Oliver on X: @Oliver_MSA (https://x.com/Oliver_MSA)

Michael Oliver’s website for more information: (https://www.olivermsa.com/)

Chapters:
00:00 Silver Selloff Sets the Stage
01:03 Jobs Report Sparks the Drop
01:49 Why the Fed is Irrelevant to Metals
03:58 Momentum Signals Over Price
05:22 Six Months of Market Shakeouts
07:55 Breakout Triggers and Key Levels
10:45 Was Silver Mispriced for 50 Years?
15:04 The $500 Silver Target
18:11 Bond Crisis and Debt Monetization
24:35 Gold vs. Silver: The Beta Play
27:05 Investor Timing and Entry Points
28:41 The S&P 500 Top Setup
29:59 Breakout Then Breakdown
32:35 S&P 500 Landmine Below 7,000
34:57 Credit Cracks are Showing
38:16 The Rotation Into Gold
39:13 Paper vs. Physical Silver Markets
41:38 Why Conventional Wall Street Models Miss
43:13 Silver's "Tantrum" Signals
45:34 Miners' Breakout Trigger
49:56 The Exit Strategy and New Reality
54:00 Closing Thoughts 

#Silver #Gold #KitcoNews #Investing #StockMarket #Macro #MichaelOliver
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🎧 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.

Gold is holding support near $4,500 an ounce following a 30-day pullback, but Dr. Marc Faber says investors focusing on day-to-day volatility are missing the larger structural shift. In this interview with Kitco News Senior Anchor Jeremy Szafron, the publisher of the Gloom, Boom & Doom Report explains his 50-year strategy for holding physical gold, why he hopes prices fall further to accumulate more, and his warnings about the tightening liquidity squeeze in private credit and broader markets.

Faber also breaks down central bank gold accumulation, his assessment of the AI technology capital spending boom, and why storing precious metals outside the banking system is critical for long-term wealth protection.

Recorded June 4 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron) 
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW) 
Follow Dr. Marc Faber on X: @gloomboomdoom (https://x.com/gloomboomdoom)

Timestamps:
00:00 Gold Pullback Setup
01:34 Liquidity Tightening Thesis
08:43 Private Credit Warning Signs
10:40 Two Economies And Inflation
15:16 Household Survival Strategy
18:31 Energy Stocks Value Case
22:27 AI Bubble Reality Check
26:27 Bubble Psychology Lessons
34:08 Central Banks Buying Gold
39:58 Portfolio Allocation Playbook
45:18 War Risks And Safe Assets
52:25 Gold Custody And Confiscation
56:45 Final Wrap And Subscribe

#Gold #MarcFaber #KitcoNews #PreciousMetals #Investing #Macroeconomics #GoldPrice 
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🎧 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.

Is the "Build Phase" of the AI revolution creating a structural inflation shock the market is ignoring? Tavi Costa, Founder and CEO of Azuria Capital, joins Senior Anchor Jeremy Szafron to map out the collision between massive global debt, shrinking physical metal supplies, and the scramble for strategic resources.

They break down why the math behind central bank reserves is shifting, with gold surpassing U.S. Treasuries as a primary reserve asset. Tavi argues this isn't just a political statement, but a calculated response to a Treasury market increasingly behaving like an emerging market. The discussion moves into the mechanics of the supply crunch, explaining why record-high copper and silver prices are failing to incentivize new production due to the "byproduct trap." Finally, Tavi addresses the "Build Phase" paradox: while AI may be deflationary in its mature stage, the current, capital-intensive race to construct the global electrical grid is consuming raw materials at an unsustainable rate. 

Recorded June 3 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)

00:00 Gold Tops Treasuries
00:57 Debt Trap And Rate Suppression
03:58 What Breaks If Fed Hikes
05:48 Main Street Inflation Squeeze
08:50 Populism And Mining Risk
09:17 Emerging Markets Rotation
11:11 Copper Price Discovery
14:13 Where New Supply Comes From
17:39 Silver Deficit And Repricing
20:54 Mining M&A And Orla Risks
23:43 Pricing Jurisdictional Risk
29:39 Argentina As Reform Roadmap
34:28 Government Metal Intervention
39:01 Managing Mining Volatility
45:56 What Would Break The Thesis
49:19 Closing Thoughts 

#KitcoNews #Gold #Copper #MiningStocks #TaviCosta #Inflation #Macro #AI #Silver #Investing #Commodities #Mining

__________________________________________________________________

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Listen to the PODCAST on
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🎧 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.

Retired US Navy Commander Phil Ehr joins Kitco News to break down why the global copper market is rapidly transitioning from a basic industrial story into a critical national security risk.

Commander Ehr details how maritime chokepoints, specifically the Strait of Hormuz, are threatening the sulfuric acid supply chains required for copper refining. He unpacks the looming 2027 Pentagon procurement deadlines restricting materials from adversarial nations and warns that the defense sector will likely take priority over the consumer grid and AI data centers as critical mineral supplies tighten.

"Copper is the glue that holds it all together," warns Commander Ehr, noting its non-negotiable role in everything from advanced missile guidance to the modern power grid.

Recorded June 2 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)
Follow Phil Ehr on X: @PhilEhr (https://twitter.com/PhilEhr)

00:00 Copper Becomes Security
01:20 Meet Commander Phil Ehr
02:44 Why Copper Powers Defense
05:15 Hormuz Chokepoint Shock
08:05 2027 Pentagon Sourcing Rules
10:05 Rare Earth Export Squeeze
12:19 Mining Timelines vs AI Demand
16:50 Who Gets Copper First
18:43 Allied Supply Chain Push
20:57 Finding Real Copper Projects
23:54 Campaign Plug and Signoff
24:50 Final Takeaway 

#Copper #NationalSecurity #SupplyChain #Macroeconomics #KitcoNews

__________________________________________________________________

Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. 

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Listen to the PODCAST on
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🎧 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 S&P 500 just hit all-time highs while inflation runs at 3.8% and real incomes fall for the third consecutive month. At the same time, gold has pulled back 12% despite ongoing geopolitical turmoil, and global bond yields are hitting multi-decade highs. Kitco News Senior Anchor Jeremy Szafron sits down with Peter Boockvar, CIO of OnePoint BFG Wealth Partners and author of The Boock Report, to decode the market's most glaring contradictions.

Boockvar breaks down the reality of this morning's PCE inflation print and explains why the long end of the bond market has officially seized control of monetary policy from Kevin Warsh and the Federal Reserve. The discussion uncovers the real reason gold sold off—and why its structural transition into the world's "neutral asset" for global trade is actually accelerating. Discover what the record 6% default rate in private credit signals about the K-shaped economy, why the AI trade is hitting physical commodity constraints, and where Boockvar is finding high-yield defensive opportunities as the two-speed economy cracks.

Recorded May 28, 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow)
Follow Peter Boockvar on X: @pboockvar (https://twitter.com/pboockvar)

Chapters:
00:00 The Gold Pullback
01:32 The Bull Case
02:54 Inside the 3.8% PCE Print
03:54 Structural Inflation
07:16 The K-Shaped Economy
09:17 Warsh & Fed Politics
12:10 Bond Market Takes Control
15:17 The Liquidity Boom
16:30 Gold's New Monetary Role
20:22 When the Thesis Breaks
22:07 The Silver Setup
23:41 The AI Trade
26:28 Private Credit Stress
29:37 AI's Inflation Problem
33:52 The China Tech Threat
35:42 The Defensive Rotation
37:52 Agriculture & Fertilizer
39:57 The Next Gold Catalyst
42:25 Japan & The Yen
43:48 What Markets Get Wrong
45:03 Closing & Subscribe

#Gold #Macroeconomics #FederalReserve #PeterBoockvar 
__________________________________________________________________

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Listen to the PODCAST on
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🎧 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.

Spot gold and silver are sliding to two-month lows as paper markets react to a potential U.S.-Iran interim peace draft, even as President Trump calls the Iranian reports a "complete fabrication". But behind the futures screens, the physical market is undergoing a massive structural overhaul. Kitco News Senior Anchor Jeremy Szafron sits down with Josh Phair, CEO of Scottsdale Mint and the Wyoming Reserve, for an exclusive ground-level update.

Phair breaks down the reality of physical supply, revealing why silver is actively leaving the United States for overseas markets and why LBMA good delivery premiums have jumped 20 to 40 cents in recent weeks. The discussion uncovers the quiet corporate shift away from paper—including tech companies planning $200M physical bullion purchases and Tesla amending SEC bylaws for physical gold. Discover what the operational flow tells us about the decentralization of physical assets, the State of Texas releasing its own gold coins in six weeks, and why the ultimate financial reset is tracking toward 2030.

Recorded May 27 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)

Chapters:
00:00 Trump, Iran & Gold Drop
01:07 Q1 Demand vs Current Flow
05:32 Tech Giants Buying Gold
11:45 The $50B Wyoming Fund
14:17 The SILVER Act Impact
17:35 Texas Gold Coins Coming
18:44 Global Bullion Interventions
26:06 The Real Silver Bottleneck
29:43 Moving Silver by Air
31:00 Analysts Missing the Paradigm
32:31 $325B in Bank Losses
37:30 Home vs Private Vaults
40:11 The 2030 Reset Timeline
42:53 Market Wrap & PCE Data 

#Gold #Silver #PreciousMetals #JoshPhair 
__________________________________________________________________

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🎧 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 American consumer is flashing historic warning signs, yet Wall Street is celebrating record corporate earnings. How are both true at the same time? Dr. Mark Thornton, Senior Fellow at the Mises Institute and Austrian economist, joins Kitco News anchor Jeremy Szafron to break down the mechanics of the "Two Economies."

Dr. Thornton uncovers the truth behind the historic S&P 500 valuations, warning that the market hasn't been this overvalued in 150 years. He also takes aim at the Federal Reserve, calling the Kevin Warsh nomination the "biggest hit job" on the precious metals market, and explains why a Volcker-style rate hike is impossible with U.S. debt above 100% of GDP. Plus, a deep dive into the SILVER Act, the Cantillon Effect, and why the Middle East energy shock will embed inflation for years to come.

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)
Follow Dr. Mark Thornton on X: @DrMarkThornton (https://x.com/@DrMarkThornton)

Chapters:
00:00 TWO ECONOMIES, ONE WARNING
01:18 MEET MARK THORNTON
02:23 THE AUSTRIAN CYCLE
04:56 LATE-CYCLE WARNING SIGNS
07:49 BROAD BOOM OR BUBBLE?
10:34 JOBS: STRENGTH OR BUBBLE SIGNAL?
11:55 WARSH TAKES THE FED
12:41 DEBT LIMITS RATE HIKES
13:54 METALS CRASH, BANKS READY?
19:54 BOND MARKET BREAKING POINT
22:16 CAN CREDIBILITY BEAT INFLATION?
24:49 SILVER’S VIOLENT BULL MARKET
28:04 THE SILVER ACT REACTION
32:20 WAR, ENERGY AND INFLATION
36:17 THE CANTILLON EFFECT
40:09 HOW LONG CAN THIS LAST?
43:13 FED HQ RENOVATION SYMBOLISM
45:31 ADVICE FOR WORKING FAMILIES
49:20 WHAT BREAKS THE METALS TRADE?
53:36 GOLD, SILVER AND FREEDOM
56:13 FINAL TAKEAWAY

#gold #silver #inflation #Fed #KevinWarsh #markthornton #kitconews #preciousmetals #economy #recession
__________________________________________________________________

Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. 

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🎧 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.