While the stock market hits all-time highs, veteran investor Ted Oakley, Founder and Managing Partner of Oxbow Advisors, warns that the real economy is deteriorating and a “sobering up sell off” of at least 15% is coming. He tells Kitco News Anchor Jeremy Szafron that “smart money” managers are quietly raising cash as they see a disconnect between Wall Street’s euphoria and Main Street’s pain.
Oakley, who is holding 45% cash, reveals his number one most undervalued sector, which he believes is poised for a massive run with oil potentially hitting $150. He also makes a powerful valuation case for gold miners, arguing they could “double or triple from here” based on cash flow metrics that echo 2011 levels.
In this interview, Oakley explains why he believes the Fed will be forced to raise rates again by next year and warns that Wall Street’s profit estimates for 2026 are impossible to hit. He also shares timeless wisdom from his book, “Second Generation Wealth,” on how to manage risk, preserve capital, and raise financially responsible children.
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0:00 – Intro
1:27 – The Trader vs. The Consumer: Who’s Right?
2:55 – Do Fundamentals Matter Anymore?
4:50 – “Smart Money” Is Raising Cash
8:36 – Why Ted Oakley Holds 45% Cash
12:10 – #1 Most Undervalued Sector: Energy
13:15 – The Case for $150 Oil
15:45 – How to Analyze a Company Like Ted Oakley
18:10 – “Mundane” Stocks He’s Buying Now
22:05 – Gold’s All-Time High & The “New World Order”
24:30 – Gold Miners Could “Double or Triple From Here”
28:45 – Silver’s 14-Year Breakout
30:50 – Advice For Young Investors: Get Out of Debt
32:45 – A Warning for Retirees at a Market Top
34:00 – How to Teach Your Kids About Money
38:40 – Lightning Round: S&P, Fed, Gold, & Silver Forecasts
42:55 – Biggest Risk & Surprise for 2026
#TedOakley #MarketCrash #Gold #Silver #Investing #Economy #Inflation
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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33 Comments
Ted Oakley's prediction that gold miners could "double or triple from here" is one of the boldest calls we've heard this year.
After watching, what's your take on his thesis? Let us know in the comments below.
If oil at $150 then inflation rampant and economy totally tanked
$1.00 is now $0.89
Put grandad back to bed
Too late
I was told decades ago that as soon as an "expert" explains there's been a paradigm shift in the way we calculate value/stocks/prices.. sell and run for the hills, we're not far from a large dip..
Love Ted. He has that centered,
Stoic calmness and clear economic competence that makes me trust his insights.
All Kitco's videos are depressing. Are you right? When it will happen?
did he saw april selloff?
15% correction would be great
I’ll add more
🚨 Enjoy This Bull Rally But Look Out For Market Corrections. I Gotta Stock Up On Some Gold Soon… 💸
Smart money isn't so smart after all. 😂
Bond yeilds will go down with cuts..doesnt make the bond cost more?
Yes, I have been trimming every four months for the last year and am getting ready to do more this upcoming week.
I have been hearing 15% for last one year …😂😂
Here is the problem market up another 15 percent with correction back to zero.
It’s here
Yes it is but when ? Nobody can time the market 😅
Great interview. Thank you
When? When exactly is the sell off? And will this joker be around to make sure he is accountable for his statements?
Sell off is gonna come one day, longer it takes, the more extreme it'll be. Don't need to be worried, but also I don't think you should be completely passive. Hold some cash, buy gold, look into defensive stocks.
about to be a dad at fifty…alright
If AI is all “they” predict it feels like we could keep booming. If this AI hype turns out to be just hype, I could see major trouble ahead.
I personally hope that we don’t see a multi year bear market, we will see.
Ted is eventually going to be right about a 15% correction. In the meantime, the market could easily go up 30%.
Can we please stop pretending that the stock market has anything to do with the economy? Wall Street is basically a bunch of glorified coked up gamblers.
diff. between investing and speculating…by definiton cited by mr. Ted, could we define investing in gold also speculating? it ha all the relevant criteria
When the sell off happens I'll be waiting on the sidelines to snap it up😂
IT'S ALL GOING TO ZERO!! SELL EVERYTHING FOLKS! MARKET CRASH INCOMING TOMORROW OMG!!!!
How many Americans when see higher prices,blame president Donald j.trump for rising prices??Due to tariffs+ market uncertainty….
But it's 20 that's a correction pull backs are always good for a healthy market
I think a re-set button is looming in the background..and no one is willing to it just yet..but it's coming sooner than later 😎
The real surprise is how the stock market is raising so fast?
Considering the chaos the tariffs is causing..
Plus bad decisions and policies made..
Can we expect in the near future of seeing America in “ bankruptcy “?
Its toooo fking expensive out here. The stock market doesnt reflect the real economy.