Ted Oakley, Founder and Managing Partner at Oxbow Advisors, returns to Kitco News to discuss what he calls the market’s “sobering up” phase. With jobless claims hitting winter highs and major tech stocks surrendering value, Oakley argues that we are witnessing a fundamental “changing of the guard.” He explains why he believes the AI boom has turned “cash generating machines into capital investment machines,” leveraging balance sheets to dangerous levels.
Oakley breaks down the “bifurcated situation” where Wall Street bonuses hit records while the average consumer “can’t borrow any more money.” He details his strategy for navigating the “second year of a presidential term”—historically the most volatile—and explains why he reduced his positions in gold and silver during the recent rally. Oakley also shares where he is finding yield today, favoring sectors like natural gas pipelines and big pharma over the S&P 500.
Recorded February 5 2026.
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Timestamps:
00:00 Introduction and Market Overview
00:54 Guest Introduction: Ted Oakley
01:19 Market Valuations and Economic Reality
04:55 AI Investments and Market Skepticism
07:04 Volatility in Tech and Defensive Assets
09:30 Investment Strategies and Market Predictions
11:00 Metals Market Analysis
16:23 Cash Position and Inflation Concerns
17:48 Private Credit and Equity Concerns
18:59 Energy Investment Insights
21:24 Natural Gas and Pipeline Opportunities
23:22 Federal Reserve and Interest Rates
24:35 Global Economic Stress Factors
26:04 Investment Strategies for Volatile Markets
30:25 Advice for Young Investors
33:33 Market Predictions for 2026
#KitcoNews #TedOakley #StockMarket #Investing #Gold #Silver #Economy #Recession #Fed #WealthManagement
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24 Comments
Aging well
book Smart Broke Dmb Rich by … explains why your dad worked his whole life and still retired with nothing. hard truth
stopped scrolling and ordered book Smart Broke Dmb Rich by …. if you know you know
why is book Smart Broke Dmb Rich by … not everywhere?? … says things nobody else has the guts to say
this book Smart Broke Dmb Rich by … made me realize i was programmed to stay broke. uncomfortable read
quietly recommending book Smart Broke Dmb Rich by … to everyone i actually care about
they don’t want you reading book Smart Broke Dmb Rich by …. that’s all i’m saying
why does nobody talk about book Smart Broke Dmb Rich by …?? life changing btw
Ted oakley the goat .. great guy
Mr. Kids are never well behaved
Possibly the largest fuddy duddy if all time
'Nothing stops this train." You watch, witth the USS America sinking under staggering debt and people destroyed by the effected inflation/decline in US value I can guarantee you one thing. The US Congress will never, not for even one year ever reduce their annual deficit or even retard the growth of the deficit and you forget actually stop increasing their spending. INCREASING their spending. The USA is going to take a huge hit for at least 7 years at the street level.
Ted Oakley is always a voice of reason.
Lol, he thinks putting your kids through college and then giving him 60 days after they graduate, helping them and then finally cutting them of f is harsh? A lot of us got the boot at 18 and were completely on our own. Some had no parents at all or parents that were drug abusers.
Useless guest. The core of the rising unemployment is the Fourth Technological Revolution – AI and automation. Unemployment will go up. Aggregate economic output will go up.
How could someone not realize how much a trillion is! 25 years ago we never heard the word. That should be self explanatory!
Interesting how most “investors” state how they avoided the drops AFTER it happens, never serve warning prior… 😉
new fed chair warsh will be a stooge and lackey for the orange admin criminal regime. inflation IS COMING BACK with their OBSESSSION to cut rates. BIG MISTAKE.
this is a really good youtube channel for investors… congrats with all the insightful guests you have on.
About the credit card delinquencies, it is true that many people are contracted in my state relative to others. Then we can see that it is possible to inch down the rewards. This is because my state does also wish to underpay contractors. That's a weak law.
So all the government can do is to stretch the rubber band. Now I think that people should accept that the government does not run the economy. It just postures. As well, it cannot run the society.
Their all leeches People and it's all run by their Computers, algorithms that smash down the price of the stocks so that you lose your wealth. Neither be a borrower nor a lender be!!! Real wealth is in God's money Silver and Gold Coinage. Greed works for the Wicked for they can not come for they have done violence against the Law of God unless they Repent by calling on Christ. God bless the American People that turn to Christ. Read your Bible and your Constitution. And you will see the Word I preach is right and good and that God has respect for as Written. Seek peace and pursue it as you call on Jesus Christ and seek the Face God for he is the LORD of hosts in the place of his Rest. SELAH 💔✝️❤️🩹👍💖 PEACE
A.I. ??? Or The Lord our God People? Wake up AMERICA ✝️ IN GOD WE TRUST 💖✌️
Ted has been wrong for years. A living example of why you shouldn't try to time the market.