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 (
Follow Kitco News on X: @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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48 Comments
Bubba is living in the 1970's, the US government and US based companies can not survive rate hikes. They likely can not hike even with inflation higher.
BUABBA Did you try it open wrong door again….
They just found two large gold deposits in China they believe that they are going to be the largest gold mines ever found on Earth gold market will crash sell sell sell sell I just dumped 200,000 in gold
GOLD & SILVER MARKETS ARE ACTIVELY SUPPRESSED IN A COMMUNIST SYSTEM TO SUPPORT THE US $.
Fed doesn't control long rates; fed has nothing to do with it.
Jeremy thankful for your news and folks like Todd
10:50
FED should NOT raise rates into a slowing economy!!!
This guy is full of it! The market—the whole market, is now rigged completely and the only sure winners are the top 1 percenters (like the Trump family, Musk, and the other billionaires) who are in total control of all buying and selling that happens second-by-second and that they GAIN by every time! The little main street USA investors are all total suckers—and this guy is a SHILL for the 1 percenters!
flex job is good , you can do it , from front behinde , side whatever…
real inflation is over 10% for over a decade and you have to pay capital gains tax when you sell. it's a scam
Gonna keep on buyin silver. I will never beleive its a bad idea. nope not gonna happen
this guy sells option credit spreads and fucks his investers
Why are so many, wanna be cool Americans, Mainly coastal, Terrified to say the name Elon with the proper long E. It's obvious that they are so afraid of being judged as a Southern Redneck for saying E-LON. Come on, you people can't be this shallow. Can you? Of course you can…
lol problem is bud you could be right but being old you might never know! An always bullish position is worthless is the doubling down gambling, not investing.
Bless up 🙏🙏
Q
Everything is dropping.
Nothing is safe.
Not gold.
Not silver.
Not crypto.
Not ETFs.
Everything is dropping like an elevator 🛗 😐 😳.
Q❤
That’s it! I’m closing out my S&P500 position and buying the new Trump meme coins. 😂
Clown suit! Better to hold Elon’s Bags!
This loser called the top six months ago and lost everyone a fortune.
Listening to someone who " sucks their teeth" when they speak is very unpleasant…
People don’t levitate — keep your feet firmly on Earth.
SpaceX will crash just like their rockets, so stay realistic.
And when it comes to real value, nothing is more solid than silver and gold.
Cross my fingers to 40% or more down, I hope it does very soon
Who lost $
Dear Sir, I have been watching your videos and similar ones for a long time. All of these publications originate from America, and they all impose the same topic and advice on viewers: buy gold and silver. Current developments show us that precious metals can be manipulated as desired by organizations like Comex, which are under American control. I also bought some gold and silver, but now that the price has fallen, I am at a loss. I'm sure millions of people are in the same situation. In conclusion, you and similar publications serve the same central authority. I understand this. I will no longer watch your videos. There is no need. Because you do not provide independent and unbiased content.
Dear Sir, I have been watching your videos and similar ones for a long time. All of these publications originate from America, and they all impose the same topic and advice on viewers: buy gold and silver. Current developments show us that precious metals can be manipulated as desired by organizations like Comex, which are under American control. I also bought some gold and silver, but now that the price has fallen, I am at a loss. I'm sure millions of people are in the same situation. In conclusion, you and similar publications serve the same central authority. I understand this. I will no longer watch your videos. There is no need. Because you do not provide independent and unbiased content.
Dear Sir, I have been watching your videos and similar ones for a long time. All of these publications originate from America, and they all impose the same topic and advice on viewers: buy gold and silver. Current developments show us that precious metals can be manipulated as desired by organizations like Comex, which are under American control. I also bought some gold and silver, but now that the price has fallen, I am at a loss. I'm sure millions of people are in the same situation. In conclusion, you and similar publications serve the same central authority. I understand this. I will no longer watch your videos. There is no need. Because you do not provide independent and unbiased content.
margin call selling off, 2 weeks in a row?
AI isn't only taking our jobs. It represents the entirety of human creative and intellectual output since the beginning of recorded history, and that incalculable value is being usurped by a few elites for their own benefit. These people effectively own all of humanity and i haven't heard a single word abt compensating the rest of us for the cumulative blood, sweat, and tears they're leveraging.
He's worried about the debt😂. He's worried about paying interest on the debt.
Bitcoin has "industrial use"??? Name one. I'll wait…
Most don't get their money out in time on the day it crashes.
I think people are dumping their gold/silver and some stocks so that they can buy into these AI IPOs and stock offerings. They want liquidity so they can jump somewhere else.
Once again, the dollar is destroying metals. Who can doubt which one is king?
Cash out and walk away -> the best protection
Gold is definitely selling off, and it's not going to stop until it gets down around $3200.00 $3100.00.
7:40 musk had 0 to do with turning PayPal into a winner
Volatility at a top means immediate correction
Bitcoin gold silver
Now stocks 😂 50 year old trick of mine
Btc has now low volatility so buy the dips
6:09 Francis Hunt is 100% right on all those entities. Bottomless overdrafts.
F Pallantir.
Ron Paul!
President only wants to lower rates so he can sell his high interest bonds at a higher price.
Crude futures curve isnt a forecast. Long end is slowly rising. Amazes me how so many experts focus on the ceiling and not the floor. Fall is going to be bad bad
Thank you, Donald Trump for destroying the American economy.
Jeremy is the man, and bubba is an interesting guy
High level stuff, thank you guys.
Re 2008 bailouts…these bastards never learn their lesson because they get bailed out. If they were allowed to fail, lessons would have been learned and wed be better off today.
Great interview