Is the stock market entering a massive bubble? Clem Chambers, CEO of Online Blockchain plc, joins Kitco News anchor Jeremy Szafron to break down why the AI infrastructure build-out and U.S. deficit spending are fueling a 2-year market bubble. Chambers also analyzes President Trump’s high-stakes visit to China and Xi Jinping’s warning over Taiwan, explaining why physical gold acts as the ultimate “thermostat” for global geopolitical risk.
Moving beyond the semiconductor hype, Chambers outlines the hidden “choke point” in the AI revolution: a severe lack of electricity and grid capacity. He details why the real investment opportunities lie in hard assets, industrial batteries, and copper as the physical supply chain scrambles to meet surging energy demands. Finally, the two discuss central bank liquidity, the ongoing U.S. deficit, and how to navigate the markets as capital rotates away from geopolitical stress.
Recorded May 14 2026
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00:00 Trump-Xi Summit Meets the Markets
01:14 Gold as a Geopolitical Thermostat
03:05 What News Actually Moves Physical Gold?
05:02 The Rare Earths Reality Check
07:10 Dollar Strength vs. “War Gold”
10:30 Silver’s ‘FOMO’ Washout
13:45 The New U.S.-China Trade Wall
17:17 The AI Power Bottleneck Trade
18:44 Hidden AI Supply Chain Plays
20:44 Printing Money vs. Real Productivity
22:10 Finding Value in Hard-Asset Infrastructure
23:52 The Nasdaq Bubble Playbook
26:37 Energy Stress & Geopolitical Bottlenecks
32:10 Fed Liquidity & The Investor Playbook
#Gold #StockMarket #AI #Geopolitics
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25 Comments
Clem Chambers laid out a massive timeline today, warning that the AI infrastructure build-out and U.S. deficit spending are about to fuel a two-year market bubble. Meanwhile, he says gold is acting as the ultimate "thermostat" for the Trump-China relationship.
Which side of this macro environment are you watching closest right now: the geopolitical gold signal, or the physical commodities and copper needed for AI?
Let us know your strategy below, and make sure you hit subscribe so you never miss an update!
Law of Attraction crypto coin will make you rich 😂😂
Barron’s reported this week that the CFTC’s Chicago office had lost its last enforcement attorney, a team that previously consisted of 20 lawyers. Four of the office’s five chief trial attorneys were laid off on a single day last July, as was the division of enforcement deputy director.
“This diminished capacity will send bad actors the message that there will not be enough cops on the beat if they attempt to defraud or exploit our commodity and derivative markets,” Schiff says.
A CFTC spokesperson says those reductions in force were “aimed at reducing redundant reporting layers within middle management.”
Re industrialization mean robots and very few jobs.
Two words: misallocation of
One more: capital
Stocks will always go up! they can't allow them to go down! UP ONLY BABY!
Loads of room left in this rally.
Weak episode this time, Clem drops the ball. Japan 🇯🇵 is the real
Question around China, and Middle East is nowhere near calming down.
America pulling out of NATO and turning inward is going to start a war in Asia and inflame the middle east
America is a war machine basically
Gee thanks Clem Kadidilhopper, gold could go up, down, or sideways depending on events. Thanks for stating the blatantly obvious.
Why would anyone interview this clown?
No wonder Clem hates Bitcoin, he's a fiat blockchain guy.
Trump is Fool. He is destroying peace by harassed and war. Trading and bargain is fine. But harming others by financial blocking, military power is not trading,it's looting
All the wars the US has been fighting have severely depleted its weaponry. Weaponry that need rare earth in their manufacture. The US has been the arrogant nation that refused the Chinese access to the space station. So China build its own. It has prevented China from buying chips so China builds their own. Why should China be nice to a nation that Trump initiated a trade war with on March 22, 2018. A nation that has attempted to control China and interfered in its development. It is high time the US got a taste of its own medicine and I can't see any reason the West as a whole should be treated any differently. Exploitation has been the game ever since the opium wars. I am amazed the Chinese have been able to be as civil as they have been.
I want to hear and see more of Clem's art. 😊
Looking like Elton John
So, no $17,250 gold then? Maybe the air dates got flipped.
MORE TRUMPFLATION ! BUY MORE GOLD !!!
LETTUCE THAT WAS 99 CENTS IS NOW $ 3.99
Bought at $28, left between $90 and $107 💩
Not this clown again 😞
Clem is onto it
A "new" era due to AI? Apparently, the guest hasn't actually worked with AI in a tech company for the last 18 months like some people. Helpful? Absolutely. Living up to the hype? Absolutely not.
From I’m all out to two years?
China agreed for silver trading.
china will not play nice, it's not in their best interest. gold is going to rebound from this dip because $40trillion…..
Good discussion