McAlvany Weekly Commentary

The U.S. is borrowing and refinancing more than $500 billion in just three days. This week, we discuss what that pace means for the dollar, why gold gets sold when investors need cash, and the risks building in AI stocks. We also look at gold’s return to

Central banks continue to accumulate gold, with 84% expecting gold reserves to grow over the next five years. Meanwhile, cracks are forming in the AI trade, and the Fed’s traditional monetary tools aren’t working as expected. This week, we loo

David McAlvany looks at the growing strain in global bond markets and why investors are beginning to worry about more than just inflation. The discussion also covers the risks of hedge fund leverage, foreign money flowing into U.S. markets, and why questi

The AI buildout needs trillions of dollars, and borrowing costs are climbing. This week, David McAlvany looks at whether AI revenues can keep up with the debt, why the speed of rising rates matters, and the case for holding cash and gold while waiting for

The AI boom is making enormous promises. But can the power supply, infrastructure, and revenues keep up with the debt being used to finance it? This week, David McAlvany examines the risks behind a projected $10 trillion AI buildout, from construction del

New research suggests China may hold far more gold than its official figures show, while its U.S. Treasury holdings continue to fall. This week, we discuss rising fuel costs and bond yields, the Feds latest rate hike, and why stock investors seem largely

Trump To Warsh: Be A Patriot & Lower Rates Bond Market To Warsh: Raise Rates Or Face The Consequences Take Your $5,000 Trump Dividend & Buy An Ounce Of Gold China is now on its 22nd straight month of gold buying, even as prices climb and central b

Financial Conditions Have Not Been This Loose In 5 Years Mag 7 Now Being Called The “Lag 7” Dutch Government Wants Its Gold Repatriated From U.S. To London Financial conditions are the loosest they have been in five years, risk markets remain

Jack Gamble of @NobodySpecialFinance joins David McAlvany to follow the money behind the AI boom. Jack examines the circular financing connecting Nvidia, CoreWeave, OpenAI, Microsoft, and others, along with massive data center spending, GPU depreciation,

This week we look at Scott Bessent’s efforts to keep foreign buyers like Japan invested in U.S. Treasuries, the growing likelihood of financial repression, and why investors like Stanley Druckenmiller are pushing back on the direction of fiscal and