Author: Kitco NEWS

Is your pension or annuity exposed to private equity? Former New York Fed insider Christopher Whalen tells Kitco News anchor Jeremy Szafron why he’d get that money out if you can, and why he sold his own bank stocks to lean on gold and silver. Whalen, chairman of Whalen Global Advisors, former head of research at Kroll Bond Rating Agency and editor of The Institutional Risk Analyst, says private equity investors are “entirely beholden to the manager” for what their holdings are worth. He also says private credit funds buying up insurers should worry anyone who owns an annuity. His…

The International Energy Agency (IEA) has officially identified this as the largest supply disruption in the history of the global oil market. As the Federal Reserve begins its two-day policy meeting today, it faces a “nightmare setup”: energy prices are soaring just as the U.S. labor market begins to soften. In this interview, Larry McDonald, founder of The Bear Traps Report and author of How to Listen to Market Speak, reveals why this isn’t just a macro scare—it is the “exhaustion of the paper-credit system itself”. From the 70% collapse of subprime lenders like Goeasy to Morgan Stanley’s 8% default…

The 10-year Treasury yield touched 5% as markets priced a greater than 90% chance of a Federal Reserve rate hike. David Rosenberg says the market may be making a much bigger mistake by assuming the Fed will keep going. Rosenberg, founder and president of Rosenberg Research, joins Kitco News anchor Jeremy Szafron to explain why he questions the latest payroll and core CPI readings, why slowing wage growth complicates the inflation narrative and why an oil shock is not necessarily durable inflation. He also explains why he is buying 10-year Treasuries at 5%, what could trigger a major short-covering rally…

The next major financial crisis won’t start in the banks—it will start in the Life Insurance sector. That is the urgent warning from legendary financial analyst James Grant, founder of Grant’s Interest Rate Observer. In this interview with Jeremy Szafron, Anchor at Kitco News, Grant details how the “Search for Yield” has pushed insurance giants into dangerous Private Credit and Private Equity allocations—assets he describes as “inherently junk” and completely lacking price discovery. He warns that policyholders and retirees could be the “unknowing participants” in the next great deleveraging. Grant also dissects the sudden spike in Repo rates, accusing the…

As the U.S. debt hits 100% of GDP and the 30-year Treasury yield nears the 5% mark, the bond market is finally forcing Washington’s hand. In this deep-dive interview, James Grant, founder of Grant’s Interest Rate Observer, joins Jeremy Szafron to discuss why the Federal Reserve now regards gold as an “existential threat” to its discretionary power. Grant warns that the current era of “Fiscal Dominance” means the Treasury’s interest bill is increasingly limiting what monetary policy can actually achieve. We explore the hidden “time bomb” in the $30 trillion private credit market, where stripped-away covenants and opaque “marks” have…

A war didn’t lift gold. The highest long yields in 19 years didn’t sink it. And the US Treasury, which has spent decades promising to be predictable, surprised the market on purpose. Gold finished the week above $4,600. US public debt passed $40 trillion for the first time. And Kevin Warsh gives his first Jackson Hole keynote as Fed chairman on August 28. Gary Wagner, Ole Hansen and Thomas Kaplan each sat down with Jeremy Szafron this week. None of them spoke to each other. All three said a rule they had relied on for years has stopped paying. IN…

Silver veteran David Morgan debunks the COMEX default narrative, reveals why wholesale dealers are flooded with metal and why that is actually bullish, and names the one bond market signal that says the monetary reset is getting close. David Morgan — publisher of The Morgan Report and author of The Silver Manifesto — breaks down the structural divide in the silver market right now. Wholesale retail dealers are sitting on excess supply while commercial bars remain tight. The COMEX default story that has circulated for a decade has never materialized, and the objective inventory data from 2022 through 2025 proves…

Edward Dowd, Founding Partner of Phinance Technologies, joins Kitco News Senior Anchor Jeremy Szafron to break down why the real estate market is completely frozen and why private credit funds are beginning to gate withdrawals. Dowd outlines the exact macro sequence that he believes will drive gold prices to $10,000 by 2030. Dowd details that the U.S. housing market is currently experiencing a “buyer strike,” with 75% of real estate agents failing to make a sale in the past year. He argues that home prices are roughly 30% overvalued and will need to reset lower. Turning to the stock market,…

The S&P 500 just hit all-time highs while inflation runs at 3.8% and real incomes fall for the third consecutive month. At the same time, gold has pulled back 12% despite ongoing geopolitical turmoil, and global bond yields are hitting multi-decade highs. Kitco News Senior Anchor Jeremy Szafron sits down with Peter Boockvar, CIO of OnePoint BFG Wealth Partners and author of The Boock Report, to decode the market’s most glaring contradictions. Boockvar breaks down the reality of this morning’s PCE inflation print and explains why the long end of the bond market has officially seized control of monetary policy…

The market now puts the odds of a Fed rate cut this month at zero, with a hike and a hold running roughly even. Gold came off its best month since January anyway, up more than 10 percent, though still about a fifth below its record. This week Jeremy Szafron sat down with a man who spent 15 years inside the room that sets rates, and two others who trade on what it does. None of them spoke to each other. All landed on the same problem: the rules that used to explain this market have stopped working. Plus two…