Author: Kitco NEWS

With silver hitting fresh record highs near $58, the global market structure is fracturing. Jeremy Szafron sits down with industry veteran Phillips Baker (Former CEO, Hecla Mining; Past Chairman, Silver Institute) to break down why the LBMA mantra has officially shifted to “Physical is King.” Baker reveals that Indian demand has become “insatiable,” with October imports skyrocketing over 500% year-on-year, literally draining London vaults to feed the Indian consumer. The shortage was so acute that metal was reportedly flown by plane to meet delivery needs. We also uncover the “Retail Swarm” – new CME data reviewed by Kitco News shows…

In this exclusive Outlook 2026 special, David Rosenberg, President of Rosenberg Research, joins Jeremy Szafron to dismantle the “Soft Landing” narrative and expose the massive disconnect between Wall Street pricing and Main Street reality. While the S&P 500 hits record highs, Rosenberg presents forensic data showing that the U.S. economy has already entered a “silent” contraction that is being masked by government hiring and a stock market bubble. THE “NO HIRE” ECONOMY: Rosenberg reveals that beneath the headline payroll numbers, the “hiring rate” has collapsed to cycle lows—a dynamic he calls “No Hire, No Fire.” He explains why official government…

Triple-digit silver is now a “certainty.” In this Outlook 2026 special, Ronald-Peter Stöferle, Managing Partner at Incrementum AG, breaks down why the “Golden Decade” is entering its aggressive second half—and why investors need to abandon the traditional 60/40 portfolio immediately. Ronnie joins Jeremy Szafron to discuss the “4.5 Sigma” event in gold, the “Bretton Woods Realignment” signaled by U.S. policymakers, and his high-conviction call for silver to hit $100+. He also reveals why his proprietary “Active Aurum Signal” for miners recently flashed NEUTRAL, and what that means for your entry strategy in 2026. Recorded on December 11 2025 This Outlook…

In this Outlook 2026 special, Jeremy Szafron sits down with Larry McDonald, founder of The Bear Traps Report, to break down the “Regime Change” hitting markets. Larry warns that a credit accident has already started, citing the collapse of the First Brands DIP loan (trading in the 30s) and the CoreWeave bonds (yielding 12%) as proof that underwriting standards have failed. They discuss the “New Axis” of power in Washington, why the “Quarterly Liquidity” promise in private credit is the next Lehman-style risk, and why capital is about to rotate from the $32 Trillion Nasdaq 100 into the “bombed-out villages”…

The Federal Reserve delivered another quarter-point rate cut, but the message from Jerome Powell was clear. The path ahead is uncertain, and the Fed is now split over how to balance rising unemployment risks with inflation that is still above target. Powell said the labor market has weakened more than the official data shows, in part because the government shutdown delayed key reports and distorted others. At the same time, the Fed announced a major operational shift. It will begin buying $40 billion in Treasury bills in the first month to maintain ample reserves and ease pressure in money markets.…

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…

▶️ Watch the original, full interview (Recorded April 11, 2025) here: In April 2025, when gold first broke above $3,250, and market stress was accelerating, Peter Schiff discussed the real-time analysis of a system under pressure. At the time, the United States and China had just escalated tariffs, the dollar was weakening, and gold was posting its strongest weekly gains since 2020. In this focused cut, Schiff explains why he believed the gold rally marked the beginning of a long-term shift in global capital flows. He breaks down why central banks were moving out of dollars and into gold, why…

Lobo Tiggre, founder of the Independent Speculator, joins Jeremy Szafron on Kitco News to dissect the massive volatility in the silver market following a 15% drop and viral rumors of institutional failures. Tiggre addresses the “Mr. Slammy” manipulation theories, arguing that if this was an attempt to crash the market, “he failed spectacularly.” Tiggre breaks down the disconnect between record metal prices and mining equities, noting that producers are now “literally printing cash” yet remain unloved by the “big money.” He explains why he believes a period of consolidation is preferable to a “blow-off top” and why “taking profits is…

Did a “broken fan” really take down the CME for 10 hours? In this exclusive interview, Clem Chambers (CEO of Online Blockchain PLC) joins Jeremy Szafron to discuss the historic 10-hour blackout at the CME Group. While conspiracy theories swirl, Chambers dismisses them as “noise,” arguing the reality is simpler but more dangerous: systemic fragility and “single points of failure” in the market’s infrastructure. Chambers, who publicly exited Bitcoin at $100k, validates his “Crypto Winter” call as Bitcoin breaks $86k. He warns that while the sector is full of “jokers” and “casualties” are inevitable as liquidity drains, the real opportunity…

The S&P 500 is pricing in a perfect soft landing, but the physical economy is screaming recession. In this Outlook 2026 special, Mike McGlone, Senior Macro Strategist at Bloomberg Intelligence, joins Jeremy Szafron to warn that the markets are facing a “Great Reversion” similar to 1929. McGlone points to the S&P 500-to-Gold ratio hitting a historic peak of 1.55—the same level seen before the Great Depression crash – as a signal that a massive rotation out of “paper” assets and into hard assets is imminent. McGlone breaks down his “frightening” outlook for 2026, predicting extreme volatility where Gold could hit…