Luke Gromen, founder and president of Forest for the Trees, joins Kitco News Anchor Jeremy Szafron to analyze the macroeconomic fallout from the ongoing closure of the Strait of Hormuz. Gromen explains why the bond market is the real battleground right now and how foreign investors are being forced to sell US Treasuries to finance their energy deficits.
The conversation explores shifting global power dynamics, with Gromen drawing direct parallels to the 1956 Suez crisis. He details the vulnerabilities of a 100 year sovereign debt bubble, the potential for an AI driven consumer credit crisis, and why trust in sovereign paper is rapidly declining.
As global liquidity risks rise, Gromen highlights why institutions are increasingly treating gold as a final settlement asset and outlines his forecast for gold prices to reach $6,000 by midyear if current geopolitical and energy constraints persist.
Recorded on March 11, 2026.
Follow Jeremy Szafron on X: @JeremySzafron (
Follow Kitco News on X: @KitcoNewsNOW (
Follow Luke Gromen on X: @LukeGromen (
Timestamps:
00:00 CPI And War Shock
01:21 Bond Market Commander
03:28 Signs Of Stress
04:54 Strait And Oil Sorting
07:25 Dollar System Mismatch
10:50 AI Meets Energy Limits
16:00 Gold As Trust Barometer
18:46 Portfolio For Households
24:33 Bitcoin Quantum And Liquidity
26:08 Private Credit Warning
27:58 Midterms And Strait Outlook
29:55 Actionable Plays And Risks
33:43 Gold Target And Wrap
#KitcoNews #Gold #LukeGromen #Macro #Investing #Finance #Commodities
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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.
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31 Comments
Luke got rekt on gold… 17% slap in the face in less than 2 weeks. Well done sir
This was recorded about Match 14th
I week later…. Gold is getting crushed.
I'm sitting at my computer screen on the morning of March 18th, watching gold plummet by $350. I'd love to hear Luke's comments on that.
This hasn't aged well….
I know the queston I know the answer Swizerland CBDC
they all hel China high tech empire to enslave human race in digital ID
and more fake money until you are humanoid and no need
Iran broni sie Polska przed Niemcami i Rosja z Ukraina
Jankee decyduja o naszym losie i kosztach z Izraelem
Dziekuje bardzo nie zrzucajmy winy na Iran oni juz maj do czynienia
z Anglsaksami jak Polska WWII ta sam sprawa .
Zydzi tworza scenariusz winia innych a potem caly swiat ma ich oplakiwac.
To zrobili Polsce nardo ucierpial kobiety dzieci starzy zolnierze gineli za ojczyzne
i Europe ktora wypiela dup…e na Polske i pod but Rosji na dekady.
Answer is – your country has idiot president with no values and it says all about your nation
The bald huy was pumping BTC two years ago then he sold it. Now he is expert on gold… I am waiting when will he be pupming BTC again.
Iran wasn't responsible for 9/11. Iran didn't attack the USS Liberty. Iran hasn't co-opted 98% of our national legislators. Iran isn't the one pushing immigration to western nations. Iran wasn't running Epstein. Iran isn't pushing the woke agenda in the US. Iran isn't running Hollywood. Iran doesn't control most of our media. Iran didn't engineer the imposition of the "federal" reserve. Iran didn't sell our military secrets to China. Iran didn't help lie us into the Iraq war.
Yeah the greatest military in the world that hasn't won a war since world war II
An evil empire is about to collapse. It's long overdue. I hope the stupid arrogant population will face the consequences anytime soon
finally something legit and not super doomer from this guy, i think gold could hit 6500 by summer
Warren Buffet said it …Bitcoin has no intrinsic value. It seems as though Fort Knox might not have any either ?
"we have the greatest military in the world" you know the military that hasn't won a war since world war II
One of the more interesting guest in a long time.
Well done!
Battle of Adrianople Moment when the Barbarians realise the Empire is not invincible
Is gold still the only asset you have Gromen? Not doing so well with that one so far.
GIVE THEM ENOUGH ROPE, THEY WILL HANG THEMSELVES.
Love Luke’s wisdom & perspective – bring him back often!! ❤
❤❤❤❤❤❤❤🎉🎉🎉🎉🎉🎉
Of course they thought that about the energy. It was literally done on purpose and planned decades ago
$6,000 might be low…$7500-8500 possible if there is a flash crash 💥 💸 💸 💸
We no longer have the greatest military, we’ve been unmasked. This was a terrible strategic move
Yes.
US wants to damage China, Iran let China ships through.
US wants short war, Iran lengthens the war.
US wants to destroy BRICS, Iran sells oil in Yuan.
❤
Iran is beating the s – -t out of America.
Luke wants 6k gold 5 yrs ago . I trust that day will come
Gold cratering right now. Good call.
Now do silver im holding LEAPS!
I love this guy!
AI has not been proven to add even 0.1% of gains in productivity, in fact developers who use AI report they are 18% slower.