Kitco NEWS

Wall Street is pushing toward record highs, but the bond market is flashing a severe warning. Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Asset Management, joins Jeremy Szafron, Senior Anchor of Kitco News, to break down the massive disconnect between equities and the 30-year Treasury.

Following the swearing-in of new Federal Reserve Chair Kevin Warsh and recent warnings from Bill Dudley, Schiff argues that "hawks are extinct" at the central bank and the 2% inflation target is now a pipe dream. Schiff details his timeline for a sovereign debt crisis, warning that the U.S. national debt will hit $50 trillion before the end of the presidential term, and explains why inflation could be worse under a second Trump administration than under Biden.

Schiff also provides a critical update for physical metals investors. He breaks down why silver's recent run to $125 was just the first stop, where the AI tech bubble wealth will actually go when it evaporates into "money heaven," and shares an exclusive update on the future of tokenized gold (tGold) as a medium of exchange.

Recorded May 26 2026

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

Timestamps:
00:00 MARKETS DIVERGE
00:53 BOND MARKET WARNING
02:18 REAL RATES & GOLD
02:56 DEBT MANAGEMENT STRESS
04:06 FED CREDIBILITY TEST
06:10 INFLATION UNDER TRUMP
07:51 CENTRAL BANKS BUY GOLD
09:26 NO SOFT LANDING
12:20 WAR, OIL & YIELDS
13:11 FISCAL RESPONSIBILITY DEAD
15:55 SILVER BREAKOUT
17:55 RETAIL DEMAND RETURNS
21:19 BUYING THE PULLBACK
24:32 AI "MONEY HEAVEN"
26:00 AI BUBBLE FALLOUT
26:38 MINERS BUBBLE NEXT
27:43 M&A WAVE BEGINS
28:50 WHY JUNIORS WIN
30:33 VALUATIONS STILL CHEAP
32:00 IS IT TOO LATE?
33:39 PRICE CONTROLS PLAYBOOK
36:03 CAPITAL CONTROLS RISK
38:10 ENDGAME SIGNALS
41:00 PORTFOLIO ALLOCATION
43:09 GOLD AS CASH
45:01 TOKENIZED GOLD (tGOLD)
47:15 GRESHAM'S LAW & BITCOIN

#PeterSchiff #USDebt #Silver #Gold #FederalReserve #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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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 final parabolic melt-up finally here? David Hunter, Chief Macro Strategist at Contrarian Macro Advisors, joins Jeremy Szafron to break down the mechanics of the market's "final blow-off" and the 80% deflationary bust he predicts will follow.

As the S&P 500 pushes into record territory, Hunter explains why he believes we could see the market top as early as Labor Day. In this deep dive, we examine the hidden leverage in private equity, the potential for a $20 trillion Fed bailout, and why incoming Fed Chair Kevin Warsh is facing an "inflation bind" created by the AI infrastructure boom.

Is your portfolio ready for the 80% wipeout—and the 25% inflation that Hunter expects to follow in the 2030s? Watch until the end for Hunter’s exact exit signal to watch before this 44-year bull market ends.

Recorded May 20 2026

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

0:00 - The Parabolic Melt-Up Timeline
3:00 - Where is the Monetary Fuel?
5:00 - $2 Trillion Deficits vs. Deflationary Bust
7:30 - Identifying Market Cracks (Private Equity/Credit)
9:30 - Gold and Silver Cycle Targets ($6,800 / $180)
15:00 - Precious Metals: Physical vs. ETFs
19:00 - Central Bank Gold Accumulation
23:30 - Industrial Silver: Substitution & Demand Destruction
25:00 - The Bond Maturity Wall & Inflation
33:00 - Where does the 80% bust start? (Offshore triggers)
43:00 - Mining Sector: The Next Dot-Com Bubble?
53:00 - The Accountability Check: What proves this wrong?
55:30 - The Exact Exit Signal to Watch

#DavidHunter #StockMarketCrash #Gold #Silver #Investing #MacroEconomics #KitcoNews #Fed #Nvidia #Inflation #MarketMeltup
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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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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 veteran David Morgan debunks the COMEX default narrative, reveals why wholesale dealers are flooded with metal and why that is actually bullish, and names the one bond market signal that says the monetary reset is getting close.

David Morgan — publisher of The Morgan Report and author of The Silver Manifesto — breaks down the structural divide in the silver market right now. Wholesale retail dealers are sitting on excess supply while commercial bars remain tight. The COMEX default story that has circulated for a decade has never materialized, and the objective inventory data from 2022 through 2025 proves it. Meanwhile, what silver did at $50 — stalling for seven trading days before exploding to $120 — is the exact same psychological setup investors should expect at $100.

Morgan also addresses Hong Kong's July gold clearing rollout designed to rival London, the copper substitution threat to solar demand and why it is not a near-term driver, the energy cost squeeze separating royalty companies from miners, and why his number one signal for precious metals before year-end is not the silver price — it is the bond market.

Recorded May 21 2026

─────────────────────────────────────────
WHAT YOU WILL LEARN IN THIS INTERVIEW
─────────────────────────────────────────

• Why the COMEX silver default argument is fundamentally wrong — and what the actual inventory data shows from 2022 to 2025
• What the 2008 financial crisis tells us about silver in a credit contraction — silver rose 500% vs gold's 300% from the bottom
• Why dealers running out of storage space from silver sellbacks is actually a bullish structural signal
• The $50 psychological stall and exactly what to expect when silver tests $100 again
• Hong Kong's July gold clearing system and why Eastern pricing power is a structural shift not a cycle
• Why solar copper substitution cannot happen at the speed the market is pricing in
• Silver price inelasticity — why industry will bid up to almost any price rather than go out of business
• Why royalty and streaming companies are insulated from rising energy costs in ways direct miners are not
• The one signal David Morgan is watching before year-end — and why he says it is getting close

─────────────────────────────────────────
CHAPTERS
─────────────────────────────────────────

00:00 Data Over Hype
01:22 Macro Credit Crunch Setup
01:58 How Silver Acts in Crises
03:47 Liquidity Lessons From 2008
04:58 Retail Sellbacks and Price Walls
08:03 Industrial Demand and Stockpiling
11:09 Asia Imports and Accumulation
12:34 Signals From ETFs and COMEX
13:55 COMEX Default Myth Debunked
19:11 What to Watch Instead
19:46 Price Discovery and Volatility
21:04 Deficits Then vs Now
23:26 Silver Price Elasticity
24:24 Industrial Demand Inelasticity
25:51 Hong Kong Gold Challenge
27:55 Silver Institutional Bid
29:41 Solar Substitution Debate
31:56 Energy Costs and Mining Equities
36:45 Who Sells Silver at $100?
39:20 The Ultimate Bond Market Signal
42:12 Silver Sunrise and Final Thoughts

#SilverPrice #DavidMorgan #KitcoNews #GoldPrice #PreciousMetals
__________________________________________________________________

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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.

The 30-year U.S. Treasury yield is testing 5.18%, fundamentally shifting the math for equities, credit, and the traditional 60/40 portfolio. While Wall Street continues to buy the AI tech dream, Oxbow Advisors Founder and Managing Partner Ted Oakley warns of a severe disconnect between the stock market and the real economy.

In this Kitco News exclusive, Oakley breaks down the risks of late-cycle complacency and explains why the passive bid keeping the S&P 500 afloat will eventually dry up. Oakley details the physical energy reality behind the $725 billion AI buildout, sharing exactly why institutions will soon be forced to buy energy stocks, and lists his top pipeline and driller stock picks. He also outlines his contrarian view on precious metals, explaining why gold may need a $500 drop to flush out momentum buyers before its next major leg higher, and reveals the gold and silver miners currently sitting at historic profitability spreads. Finally, Oakley shares his core wealth preservation rules for investors navigating a high-yield environment.

Recorded May 19, 2026

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

CHAPTERS:
00:00 Markets Shifting
01:42 Bond Yields Break the Math
03:21 Fed Policy and Floating Rate Risk
05:29 Passive Investing and Late Cycle Complacency
09:22 AI Buildout Meets Commodity Reality
14:40 Energy Playbook and Stock Picks
22:13 Gold Pullback Setup
23:30 Spotting Momentum Washouts
25:07 Which Miners To Buy
27:36 Family Wealth Rules
29:15 Real Estate And Liquidity Events
37:35 Energy Mispricing Finale 

#Investing #Gold #StockMarket #TedOakley #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.

Is the stock market entering a massive bubble? Clem Chambers, CEO of Online Blockchain plc, joins Kitco News anchor Jeremy Szafron to break down why the AI infrastructure build-out and U.S. deficit spending are fueling a 2-year market bubble. Chambers also analyzes President Trump's high-stakes visit to China and Xi Jinping's warning over Taiwan, explaining why physical gold acts as the ultimate "thermostat" for global geopolitical risk.

Moving beyond the semiconductor hype, Chambers outlines the hidden "choke point" in the AI revolution: a severe lack of electricity and grid capacity. He details why the real investment opportunities lie in hard assets, industrial batteries, and copper as the physical supply chain scrambles to meet surging energy demands. Finally, the two discuss central bank liquidity, the ongoing U.S. deficit, and how to navigate the markets as capital rotates away from geopolitical stress.

Recorded May 14 2026

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

00:00 Trump-Xi Summit Meets the Markets
01:14 Gold as a Geopolitical Thermostat
03:05 What News Actually Moves Physical Gold?
05:02 The Rare Earths Reality Check
07:10 Dollar Strength vs. "War Gold"
10:30 Silver's 'FOMO' Washout
13:45 The New U.S.-China Trade Wall
17:17 The AI Power Bottleneck Trade
18:44 Hidden AI Supply Chain Plays
20:44 Printing Money vs. Real Productivity
22:10 Finding Value in Hard-Asset Infrastructure
23:52 The Nasdaq Bubble Playbook
26:37 Energy Stress & Geopolitical Bottlenecks
32:10 Fed Liquidity & The Investor Playbook

#Gold #StockMarket #AI #Geopolitics
__________________________________________________________________

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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
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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.

While markets focus on the trade negotiations between President Trump and Xi Jinping in Beijing, the reality of a global industrial war footing is being ignored. Hal Kempfer, retired Marine Intelligence Officer and CEO of Global Risk Intelligence and Planning, joins Jeremy Szafron, Senior Anchor at Kitco News, to expose the massive disconnect between geopolitical reality and market complacency.

Kempfer breaks down China's $189 billion missile supply chain surge, comparing Beijing's current resource desperation to Japan in the 1930s. He also unpacks the hidden $29 billion cost of the Iran war, the dangerous drain on U.S. munition stockpiles, and the terrifying reality of AI "leaping" into modern warfare. Finally, Kempfer gives his contrarian 6-month forecast for the Strait of Hormuz and explains why investors should actually be preparing for a dramatic drop in oil prices.

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

Timestamps:
00:00 Beijing Summit Meets War Costs
01:54 Chokepoints and Black Swans
03:35 Boardroom Threat Priorities
08:01 China Leverage and Rare Earths
13:34 Missile Surge and Taiwan Deterrence
21:20 Iran Capabilities and Hormuz Shipping
25:42 Hormuz Mining Reality
27:47 War Costs and ROI
31:19 Stockpiles and Supply Chains
32:45 AI Chips and Dual Use
35:13 Metals and Hemisphere Resources
43:09 Oil Outlook and Energy Shift

#HalKempfer #Geopolitics #China #Taiwan #IranWar #OilPrices #StraitOfHormuz #SupplyChain #MacroEconomics #KitcoNews #Investing #Gold #Silver #AIWeapons #USEconomy
__________________________________________________________________

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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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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 latest 3.8% CPI print just another energy-driven inflation scare, or is the $40 trillion U.S. debt trap finally springing? Matthew Piepenburg, Partner at Von Greyerz, joins Jeremy Szafron, Senior Anchor at Kitco News, to break down the massive disconnect between Main Street reality and Wall Street fantasy.

As 30-year U.S. Treasury yields hover near 5% and real wages fall, Piepenburg explains why the bond market has taken control away from the Federal Reserve. They discuss the immediate spot price disconnect in precious metals, why physical gold is migrating East, and the "invisible tax" of inflation that is actively destroying the middle class. Finally, Piepenburg reveals the hard math behind a $20,000 gold target—arguing that gold is not in a bubble, but rather paper currency is in a terminal decline.

Recorded May 12 2026

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

CHAPTERS 
00:00 Energy Shock Or Debt Trap
02:02 Bond Market Warning Signs
06:06 Ten Year Sets The Rules
09:08 Recession Versus Stagflation
12:08 Cantillon Effect And Inequality
14:57 Hidden QE And Data Games
18:30 End Of Dollar Privilege
22:54 COMEX Delivery Breakdown
26:13 Physical Gold Moves East
30:31 Gold vs Money Supply
34:11 Silver Deficit Debate
37:41 Main Street Inflation Reality
42:27 Fed Driven Markets
49:21 Wealth Preservation Playbook
53:11 How High Can Gold Go?
55:59 Closing Thoughts

#Gold #Silver #Inflation #MatthewPiepenburg #FederalReserve #CPI #USDebt #MacroEconomics #TreasuryYields #WealthPreservation #Investing #Finance #KitcoNews
__________________________________________________________________

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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
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.

With gold holding firmly above $4,700 an ounce and silver breaking into the $80 to $85 range, Pierre Lassonde returns to Kitco News to explain the architecture of the new bull market. The Canadian Mining Hall of Fame inductee and resource sector pioneer breaks down his $17,250 gold target, highlighting the striking parallels between the late 1970s and today’s macroeconomic environment.

Lassonde details how $40 trillion in U.S. debt and persistent deficits are forcing a fundamental shift in the global financial architecture. He explains why central banks are relentlessly diversifying away from the U.S. dollar, driving physical price discovery to the East and treating gold as the “currency of last reserve”.

Beyond the metal, Lassonde unpacks the immense optionality in mining equities today. He discusses why current stock prices fail to reflect the potential for 5x margin expansion, questions Barrick Gold's current strategy, and calls out Canadian pension funds for their lack of domestic investment. Plus, he reveals why copper-gold deposits are the true "nirvana" of the mining sector in an electrified world.

Recorded May 11 2026

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

Chapters:
00:00 Metals Surge Setup 
00:40 Meet Pierre Lassonde 
01:20 Dow Gold Target 
01:52 1970s Replay Thesis 
05:33 Debt Deficits Dollar 
07:15 Gold Last Reserve 
07:51 Parallel Payment Systems 
11:41 Central Banks Drive 
15:17 India Demand Shock 
18:29 Shanghai Volatility 
21:28 Mining Stocks Leverage 
25:38 Majors Discipline Shift 
28:34 Shareholder Returns First 
30:12 Spotting Disciplined Miners 
31:33 Orla’s Playbook 
34:46 Jurisdiction Risk Discounts 
36:00 Canada Policy and Pensions 
45:06 Optionality Royalties and Copper
__________________________________________________________________

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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 eyeing a massive run to $6,000, and silver just broke out past $80. Gary Wagner reveals the exact charts driving the precious metals bull market and maps the key technical levels you need to watch.

Despite a hotter-than-expected U.S. jobs report reinforcing the Federal Reserve's "higher-for-longer" rate stance, the precious metals sector is accelerating. Gary Wagner, Editor of The Gold Forecast, joins Kitco News Anchor Jeremy Szafron for a special technical presentation detailing the Elliott Wave structure of gold and the mathematical case for a $6,000 target by year-end.

They also break down the next resistance levels for silver—including a potential run to $90—and analyze what the U.S. Dollar (DXY) and GDX miners are signaling for the long-term rally.

Recorded May 8 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)
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Timestamps:
00:00 - Gold Surges Despite Jobs Data
01:32 - Elliott Wave Bull Market Setup
04:18 - Three Rally Legs Get Steeper
08:58 - Blow Off Top And ABC Correction
10:12 - Resetting The Count Wave 1-3
14:43 - Why 6000 Gold Is Plausible
15:47 - Geopolitics And The Paradigm Shift
17:57 - Elliott Wave Psychology Explained
20:15 - Dollar Index DXY Versus Gold
22:51 - Silver Breakout And 90 Target
26:30 - Miners GDX Confirmation Check
28:12 - Key Levels Invalidation

#Gold #Silver #GaryWagner #KitcoNews #Investing
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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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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 trading near record territory, and silver is surging, but the real story is who controls the metal. For decades, price discovery has been dominated by London and New York. Today, physical demand in Asia, central bank accumulation, and sovereign wealth fund activity are forcing investors to ask if the marginal ounce is moving East.

In this interview, Kitco News Anchor Jeremy Szafron sits down with Joe Cavatoni from the World Gold Council to dissect the Q1 Gold Demand Trends report. Cavatoni breaks down the disconnect between Western ETF outflows and Eastern physical premiums, how the WGC tracks China’s unreported gold buying, and why central banks like Turkey are using gold swaps for emergency dollar liquidity. They also explore France's recent gold mark-to-market strategy and the single recycling metric that could signal a top in the current gold bull market.

Recorded May 7 2026

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Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) 
Follow Joe Cavatoni on X: @JCavatoni_WGC (https://twitter.com/JCavatoni_WGC)

0:00 Introduction
0:45 Is Price Discovery Moving East?
3:15 Western ETFs vs. Asian Physical Demand
4:50 Unwrought Gold Exports to London
6:10 China's Unreported Gold Accumulation
9:55 Turkey’s 60-Tonne Sale & Gold Swaps Explained
12:20 France's Mark-to-Market Gold Strategy
14:50 Will Western Investors Chase the Price?
19:25 What Breaks the Bull Market?
20:55 Washington D.C. on Critical Minerals
22:25 Silver’s Structural Deficit & Independence
23:55 Final Thoughts: Fear vs. Structural Change

#KitcoNews #Gold #Silver #WorldGoldCouncil #JoeCavatoni #Macroeconomics #Investing #CentralBanks #GoldETFs #Commodities 
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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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Live silver price and chart: https://www.kitco.com/charts/silver
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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.