Author: Kitco NEWS

Kitco News Anchor Jeremy Szafron sits down with Daniel Oliver, founder of Myrmikan Capital, to analyze the shifting mechanics of the global gold market and the approaching private credit cycle. Oliver argues that the smooth accumulation phase of the gold bull market is officially over. He details how the market is now entering a volatile second phase driven by stress spreading throughout the U.S. credit system. During the interview, Oliver outlines the specific pressures facing the Federal Reserve. He highlights a $10 trillion maturity wall and explains the mathematical impossibility of the central bank shrinking its balance sheet while simultaneously…

This special bonus segment was recorded in late 2025 as part of Kitco News’ Outlook 2026 series. After their full interviews, we asked Lynette Zang, David Rosenberg, Lobo Tiggre, Mike McGlone and Peter Schiff one final question: If you were in your 20s today, starting with limited savings and rising debt in a system under structural strain, what is the one decision or discipline you would adopt in 2026? And what is the one mistake young people are making now that could matter far more over the next decade than they realize? Their answers are candid, practical and at times…

Gold and silver were hit by a sharp liquidation, with silver plunging more than 10% intraday and gold falling nearly $150 before stabilizing. Jeremy Szafron speaks with former JP Morgan bullion desk executive Robert Gottlieb to break down what drove the move. Gottlieb argues the selloff was structural, not conspiratorial. With gold rising from $2,600 to around $5,000 and silver surging from $28 to above $70, volatility mechanically reduced allowable position size across banks and funds. “The allowable positions based on navar become significantly small,” he explains, as value-at-risk limits tightened and banks stepped back from warehousing risk. In a…

The market is repricing risk as capital rotates from the “Paper Economy” of tech stocks into the “Managed Economy” of strategic hard assets. In this episode of Kitco News, Anchor Jeremy Szafron is joined by Joe Cavatoni, Market Strategist for the World Gold Council, to break down the massive discrepancy in central bank gold buying data. While official IMF data reports approximately 326 tonnes of net buying for 2025, Cavatoni reveals that the “true” demand—including unreported OTC flows—is tracking closer to 680 tonnes. They discuss why sovereigns are “going dark” with their accumulation, the implications of the “Project Vault” price…

Silver is witnessing a profound structural shift as the physical market begins to exert dominance over paper pricing mechanisms. In this deep-dive interview, recorded on February 11, 2026, Jeremy Szafron, Anchor of Kitco News, sits down with David Morgan, publisher of The Morgan Report, to analyze the “plumbing” of the global silver market. Morgan breaks down the sustained $10 Shanghai premium, the impact of the CME’s margin hikes on COMEX volatility, and why the silver market is entering a “cash-only” phase. They also discuss the massive 40-million-ounce silver accumulation in India and why platinum is currently offering a rare 25-year…

Ted Oakley, Founder and Managing Partner at Oxbow Advisors, returns to Kitco News to discuss what he calls the market’s “sobering up” phase. With jobless claims hitting winter highs and major tech stocks surrendering value, Oakley argues that we are witnessing a fundamental “changing of the guard.” He explains why he believes the AI boom has turned “cash generating machines into capital investment machines,” leveraging balance sheets to dangerous levels. Oakley breaks down the “bifurcated situation” where Wall Street bonuses hit records while the average consumer “can’t borrow any more money.” He details his strategy for navigating the “second year…

The U.S. economy has been “artificially propped up” for the last two years, and the floor is about to fall out. Former BlackRock Manager and Founder of Phinance Technologies, Ed Dowd, joins Jeremy Szafron on Kitco News to expose why recent GDP data was a “hallucination” driven by government spending on mass migration. In this deep dive, Dowd warns that the “floor has been removed” from the housing market, predicting a tumultuous crash in 2026 as inventory spikes and demand vanishes. He also breaks down why the AI boom is a “bull trap” similar to the Dotcom bubble—forecasting an 80%…

The Federal Reserve held interest rates steady at its latest meeting in late January, pausing after three consecutive rate cuts as officials weigh lingering inflation pressures against signs of labor market softening. Fed Chair Jerome Powell said the U.S. economy is entering 2026 on “a firm footing,” with consumer spending resilient and business investment expanding, even as job gains remain low and housing activity stays weak. Powell noted that inflation has eased significantly from its 2022 peak but remains “somewhat elevated,” with tariffs continuing to push goods prices higher. Powell said the Fed views tariff-driven inflation as likely a one-time…

In this Kitco News exclusive, Jeremy Szafron sits down with Josh Phair, CEO of Scottsdale Mint, live from the Texas State Capitol to break down a historic shift in state level finance. Texas has officially launched its own state branded gold and silver bullion program, integrating physical metal directly into the state economy through a first of its kind dot gov storefront. Phair explains the mechanics of the new program, including the issuance of official Texas gold bills and commemorative coins tied directly to the Texas Bullion Depository. With gold pushing 5,100 dollars and silver at 83 dollars, this move…

The US economy is flashing contradictory signals. While consumer retail sales have stalled and delinquency rates hit near-decade highs, financial assets are moving at historic speeds. US equity markets are seeing daily turnover surpass $1 trillion, and gold is holding firm in the $5,000 range. Will Rhind, Founder and CEO of GraniteShares, joins Jeremy Szafron to explain why this disconnect is happening and who is actually driving the volume. Rhind argues that the US has become the global liquidity sink for the world’s capital, with international investors forced to trade US names to access the AI trade. He also breaks…