Veteran economist David Rosenberg delivers a sobering diagnosis of market euphoria, warning of parabolic excess and a looming reality check. Rosenberg frames the frenzied energy at the Vancouver conference as a dangerous sign, noting it feels like “a tech conference back in 1999.”
He points to silver’s wild surge and gold’s relentless climb past his own targets as signals of an overheated market, stating, “When anything goes up, vertical, completely vertical, like asymptotically north, you got to be wondering what’s going on… These are not normal moves.” He also argues that the era of easy gains is facing a sharp correction, drawing a stark lesson from history: “Successful investing… is you play the middle 60% of the cycle. You don’t try and time the lows or the peaks… I’ve never met anybody that can do it.” Watch the video to hear his perspective on the U.S. dollar, the S&P, and the outlook for the metals market.
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41 Comments
It's going up parabolic in a false suppressed market for decades. Buy the physical dump the paper
This man serious about the only guarantee product to get your money back in the future is government bonds and gold and silver cannot guarantee that. No thanks I will stay with gold and silver, I wouldn't buy government bonds not even with the enemies money.
Unobtanium trumps Technical Analysis… what's the price of an asset when there's none available at any price…???
I thought manipulation was over, but it's not. People with money and power won't willingly give it up. They adjust prices to benefit themselves.
What a character this guy is, fill of witty one liners.
Fox Business is the same way. They didn't talk about the rise in metals but sure love to talk about it going down.
Wrong. You Ride the shit out of it until you realize you got greedy, then trim. This Dude is out of touch with how suppression has been pervasive for 100+ years.
"Bulls make money, bears make money, pigs get slaughtered"!
A day late and thousands of dollars short. This advice was posted a week too late…..
What happened to the stop trigger that usually halts the market when prices go down so fast? Oh, I guess that only applies to stocks.
Girl your hair is always on fleek!❤️it!
And you always ask the right questions. Thank you!
After all the interviews of experts, is Daniela the most informed expert on the metals market?
Dear DC
Thank you for the nice interview. This is my first time listening to DR – what a treat with insightful observations by him. Glad that you put in very apt questions to him and didn't manage to interrupt him while he spoke. Well done.
(Bye-the-way, if it's still possible for you to edit this video, please note that the chart you showed couple of times is the gold chart and you labelled itvas S&P500 index)
Again thank you for this nice video.
Best Regards,
Good. I am glad he sold. Wrong wrong wrong wrong.
Daniela vieni a Pesaro 🎉
A wonderful person with a well-rounded approach! Perfect for the classic approach. Thank you!
Don't like this guy at all – boring, not believable. Sorry, Daniela was great as usual but struggling with this guy. Had to stop this well before half way, only watched that far for Daniela. LOL, He sounds like the Ferengi Grand Nagus in Deep Space Nine.
Thank you Daniela, and Thank you David
JP Morgan had a lot of paper silver, now people had to sell the physical silver and JP Morgan will buy that, criminality on the highest level, people lost their pension.
CME and COMEX is like an irresponsible Traffic Policeman who see a big rock in the middle of road and chooses to ignore it. COMEX should be made to weekly report the number of Retail and Institutional Traders with active trades and $ value of margin used and value of trades. Make public announcement when the market volatility is getting out of hand and that they are considering margin hikes to cool the market. At least Retail Traders have a choice to cut their exposure.
There is something seriously wrong within COMEX. CFTC should look into allowing COMEX to only open limited number of contracts worth a certain amount of annual mining supply, eg. 800 million ozs. Margin hikes require 3 working days’ notice. Social Media channels must demand an explanation from the CFTC why the futures Price has not closed the gap with the Spot Prices locally and with the largest silver markets in Shanghai and India. The COMEX Futures Price needs to be in Contango to the Shanghai Spot as soon as possible.
The Institutions got a "Get Out of Jail Card" at USD78.90. Now, not only they took delivery (was it only 1 firm?) of the physical, more importantly they seemed to close their Trades with a tidy profit. Now, they can possibly sell at Spot USD85 (MOST PROBABLY NOT, why should they when silver is in such short supply), or are they allowed to sell on the Shanghai Exchange. Retail Traders got F*cked. Profit from the Retail Trader and Profit from the Chinese. Does the CME see the problem (or they are closing one eye) with the low Futures Price. Who is actually suppressing the Price. Who is or are getting Kick-backs. The CFTC should look into this phenomenon. Was there Sp**fing, probably not or could the mechanism and rules in place be legal "manipulations" (too harsh a word to use though?) but it seems that this Deck of Cards are in FAVOUR of the Institutions.
The CME should be forced to give a 24 – 48 hours’ notice period that they are raising margins and that they can only raise margins by a maximum of 5% at any one time. If they want to raise margins by 15% then they have to do it in 3 tranches. They should be prohibited from changing the rules mid-game or over the week-ends. I have a question, does Bullion banks and big entities have access to Market Dept? Do all Retail Traders do not have access to this information. Secondly, is the CFTC is closely monitoring the Precious Metals for Market Sp**fing during this volatile time? The CFTC should come out with a Public Statement that they are closely monitoring the volatile markets for any hint of manipulation. This will keep in check and heads up, to all Heads of Institutional Trading Desks. Any criminals caught should be imprisoned including Heads of Institutional Trading desks (for dereliction of their duties and failure of Trading Fraud Controls). Any institutions involve should be barred from The Precious Metals Market. CME should be made to answer for the failure of circuit breaker on 30/1/2026.
6:19 shows the gold and silver price post-Jan 30th correction
They do the same with the crooked stock market. They play us like a cheap violin.
Smart guy but I fail to understand his reference to Canada not holding gold. Was it a suggestion that because the world's#4 producer holds no gold that it must mean that gold isn't as important for Central Bank reserves as some suggest?
Australia is the vastly larger producer of gold than Canada and we sold almost all their reserves in 1997, and there's England sold most of theirs at the low.
See pattern here?
Three of the 5 eyes joined forces to sell gold reserves at around the same time, which included global gold producer #3 and #4 , along with the BoE, which tells me it there a lot more to this story. And let's not forget they have collectively lost billions upon billions on that dump, so going back to my original point. Why bring up Canada not holding gold reserves because their decision, along with England and Australia is now proven to be one of the dumbest decisions ever from 3 central banks that are part of the 5 eyes collective.
Like I said, there is a lot more to this story than was ever revealed.
10:31 Oh c'mon with the Schiller price. It has been well above 15 for over a DECADE. I lost a lot of growth by listening to people like this back then.
The days of Hegemonism over commodities (especially PMs like Gold and Silver) using paper promissories with huge leverages provided thru bullion banks (historically military conquests and colonization were the tools) is over and which have operated for decades and sucked up the wealth generated by producing countries mostly from BRICS + countries and most emerging and developing countries. If you think the decades of such practices can continue due to financial hegemonism and wizardry, then you're still living in the past of strength in a continuing strong and stable currency and bond markets of those who are now clearly in deep distress and awaiting collapse and definitely not prepared for what's to come. You just can't equate the purchasing power value of eg Gold/Silver against the purchasing power value of fiat currencies value and their IOUs via more Debts when one is a consumer and aren't the producers measured against the economic realities of Demand and Supply in real consumption against supply of such commodities.
It becomes even more horrendous when the when one believes in an illusory purchasing value of any fiat currencies in use when the main pillars supporting it is slowly being eroded over time ie Trust, Credibility and Integrity of the financial system in use. When any financial system collapses, it always comes as a huge Tsunami or a 9.0 Earthquake and you just can't escape when everything freezes overnite until another financial reset happens, Wealth hoarded/saved in illusory fiat currencies or other financial instruments pegged to it just vapourised into thin air and guess who are the biggest losers?
BUY ON THE DIPS.
For Sure, humongous;-)))
What % of average Jean/ Joe's actually lost real money over the last 5 days with PM's?
🏆
endthefed
😊this guy is a moron! I'll bet he voted for Brandon!
I don't get the gold story?? Silver is/was massively undervalued and has a thousand uses, plus it was money before Gold was. How did Jim Cramer ever get to where he is. I'm a gold bull too but the silver story is compelling
I can’t stand people who lie. The Fed chair doesn’t take his marching orders from Trump. If your guest doesn’t know that the he has no business on this show. The Fed chair takes orders from the Rothschild’s, Sasson’s and other Talmudic crazies.
The huge difference between a central banks and average investors is that investors can't print currencies from nothing and convert it to gold.
There's absolutely no risks for a central banks to purchase gold from useless currencies. 🤷
No matter what people want or think, the reality is that everyone has no control over the controlled system.
If you a shorhauler im sure there is dissapointment, but if your in for the long haul, how could you be not pleased even now if you got in 2 years ago youve doubled . Same with silver its tripled even after the chaos, sitting back and watching the show its never going back to yesteryear pricing the fiat crisis and silver shortages are going to keep the pressure on the up not down.
Very cool prediction. He knew the rise could not be sustained at that tempo. Called it and explained why.
Wait, he closed his position at $75?! ROFL
Sorry, nothing to learn here.
🙂👍