Is the final parabolic melt-up finally here? David Hunter, Chief Macro Strategist at Contrarian Macro Advisors, joins Jeremy Szafron to break down the mechanics of the market’s “final blow-off” and the 80% deflationary bust he predicts will follow.
As the S&P 500 pushes into record territory, Hunter explains why he believes we could see the market top as early as Labor Day. In this deep dive, we examine the hidden leverage in private equity, the potential for a $20 trillion Fed bailout, and why incoming Fed Chair Kevin Warsh is facing an “inflation bind” created by the AI infrastructure boom.
Is your portfolio ready for the 80% wipeout—and the 25% inflation that Hunter expects to follow in the 2030s? Watch until the end for Hunter’s exact exit signal to watch before this 44-year bull market ends.
Recorded May 20 2026
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0:00 – The Parabolic Melt-Up Timeline
3:00 – Where is the Monetary Fuel?
5:00 – $2 Trillion Deficits vs. Deflationary Bust
7:30 – Identifying Market Cracks (Private Equity/Credit)
9:30 – Gold and Silver Cycle Targets ($6,800 / $180)
15:00 – Precious Metals: Physical vs. ETFs
19:00 – Central Bank Gold Accumulation
23:30 – Industrial Silver: Substitution & Demand Destruction
25:00 – The Bond Maturity Wall & Inflation
33:00 – Where does the 80% bust start? (Offshore triggers)
43:00 – Mining Sector: The Next Dot-Com Bubble?
53:00 – The Accountability Check: What proves this wrong?
55:30 – The Exact Exit Signal to Watch
#DavidHunter #StockMarketCrash #Gold #Silver #Investing #MacroEconomics #KitcoNews #Fed #Nvidia #Inflation #MarketMeltup
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44 Comments
David Hunter is calling for an 80% deflationary bust after a final parabolic melt-up, and he warns the trigger won't be U.S. government debt—it will likely start overseas. For the investors holding physical metal or mining equities right now: What is the single macroeconomic signal YOU are watching to know when it's time to exit? Let's debate it below.
It has been said that the great unwind will begin in Europe and come to America in less than two weeks.
With this prognosis one wonders why Trump put his name on the $100 bill?
With his ego it makes no sense unless there is a plan to quickly restore the nations economy and financial system. Returning to constitutional money and restoring our stolen constitutional republic with natural law is the only solution.
ITrust crytpo is bullshit!! scam!!
😢 I'm sorry but this guy doesn't know what he's talking about
Brilliant pod
David’s brain has melted up 😆
I'll believe 200 $ new floor for silver when I see it.Metals have gone up more in last 2 yrs. Than I thought they would but if they stay or keep going up it will be amazing.😊❤😊❤
25% inflation and they're tanking PMs.
WE FUKT.
I am happy I started investing in foreign currencies 4 years ago. When the dollar gets worthless the countries that have been able to keep a budget will have stronger currency. I have 26 different countries with Iran Rials being the latest addition. Iran is issuing judgement on Israel according to prophecy and can't fail. Safe as gold in my thinking.
Boomers think bailouts are the only answer because they believe they are to important to fail, But there will be no bailout because a bailout will be worse than a depression
Not likely we get an agreement with Iran in the near future, buckle up folk!
Guest said "walking around the bush" at the end of interview. That's "beating around the bush"
Hey Kitco, I get you need content for your podcast but this IDIOT has been spewing the same nonsense for the last 7 years. Every so often he raises his targets and keeps the same story going. You guys at Kitco can do a lot beteer than this Grifter who was sanctioned by the regulators. He screwed some clients years ago and paid a fine. Now he is extra cautious but still doing damage. Beware of his scam
If only there had been a federal budget and tax policy that was providing a surplus that we could have used to pay down the debt instead of giving away to millionaires and billionaires so we had more room to maneuver when a real emergency hit, such as the banks faking the quality of the loans they were selling and harming the American economy with a housing bubble.
Well it's been 2 weeks Folks since the interview here , so here's update , the price of Crude Oil has risen from $86 to $96 form May, 29th to June 3rd and the DXY has gone from 98.70 to 99.6 during the same 4 Day period ( sorry ,Gold / Silver Investors, down ,down, down !), seems that the Shooting Arcade over in Iran / Middle East has become a thorn in everyones side , except for those making $$$$ off of the situation , those pesky insiders are just loving this ! I will see some of you in a gasoline / food line in the near future , I have seen this before in June of 1973 , it doesn't end well !
Hunters call has been " pushed out" for 5 years now
could use stronger currencies around world greater purchasing power for affordable prices that also increase trade by making exports more affordable lowering trade and budget deficits governments banks investors can use some of monetary stimulus from low central bank / Federal Reserve federal funds interest rates to purchase government bonds of other nations helps them with government spending and reduce debt as well as stronger currencies purchasing power
Inventory
Must have hard selling stuff ppl don’t want to buy 😂😂😂
Consumer debt @ a record high
Savings deposits @ a all time low
Inflation @ 5 to 9% annualized &
Accelerating. The fed deficits;
Iran stalemate; overbought &
Over leveraged markets; s&p
Nasdaq; dow could go down
50% in a month easy:
I dont have a billion or a ballroom 😊
Seems like this (corrections/resets/metals forecasts) is taking forever.
the system didnt fail…. look at all the billionaires , we are not in the club ! NO SYSTEM FOR YOU !
Did he really blame immigrants? How about the multi million Ponzi schemes being carried out by the billionaires? These people make me sick.
I guess this guy has lost his marbles
Great Interview!! Very Insightful
Elites use NYSE to steal wealth by doing an autotrade shuffle, winning as stock rise & micro profit as stocks fall. A computer operated scam of casino games, pulling assets & buying every dip & low. Cheaters!
He ever get anything right?
An 80% crash with 25% inflation still puts you up 55% if you pay attention and time things right.
Iran does hold the cards. They have a straight. Lol 2:43
Says who? Cuz both sides have bombed the other in the past few days 0:28
If silver and gold rise in price by that much, then all manufactured electronics will become proportionally more expensive. Consumer purchasing power will fall, and inflation will dictate a savings-based economy where all non-essential spending is cut.
We've already had more than 25% in the last few years. We are now heading for a liquidation event and a deflationary crash of the markets and severe recession.
He's delusional. The Strait has been closed for around 80 days now. Each passing day gets the world closer to a crisis moment, Iran has ALL of the leverage. All they need to do is, nothing.
😂😂😂😂😂
More propaganda for you
Does david hunter just say things without really thinking them all the way through. Not a question but more of statment characterized as something you should question.
Perma Bear!!!!!
WTF
It's all Reagans fault
Do we want hamburgers 50.00 ea.
Will that be this yr? That's why the real estate players are showing how to borrow all the money I can and buy real estate from them to get rich in the next 5 yrs.
Zéro bla-bla, juste l’essentiel. tu feras un suivi sur ce sujet ? Merci pour le partage.
Same imminent prediction for the last 6 years 🙄
Big bond players are more powerful than any political leaders in the USA, EU, G7 ….. the history lessons from the big bond players are not to be taken lightly 😮😮😮
Nonsense. Fear baiting. IMHO