INFO
MARKET MEDIA2026-07-17
OPEN SOURCECHANNELKitco NEWS
Gold Drops Below $4,000: Gary Wagner Reveals the New Support Levels
BLOCKS
00:00
05:00
10:00
15:00
20:00
5 intervals • swipe left
Gold Drops Below $4,000: Gary Wagner Reveals the New Support Levels
Gary Wagner indicates that gold's critical support level is around $4,000, which has been tested multiple times but appears to be breaking down.
FULL
00:00–05:00
- Gary Wagner indicates that gold's critical support level is around $4,000, which has been tested multiple times but appears to be breaking down.
- Wagner previously assigned a 60 to 70% chance of the $4,000 level holding, but recent trading suggests it may not be sustainable.
- He identifies a new potential support level at approximately $3,964, which could be crucial following the breach of the $4,000 mark.
- The Federal Reserve's actions regarding interest rates are a significant factor influencing gold prices, as rising rates can negatively impact gold's appeal as a speculative asset.
- Wagner highlights that geopolitical events, such as military activity in Iran, could also affect gold prices, although recent trends show that such events have not consistently supported gold as they once did.
- Our interpretation: The recent decline in gold below the $4,000 threshold, coupled with the Fed's likely rate hikes, suggests a shift in market dynamics where rising interest rates could lead to further downward pressure on gold prices, while geopolitical tensions may not provide the expected safe-haven support.
INSTRUMENTS
GOLD
Gold's price dynamics are central to the discussion, particularly the breach of the $4,000 support level.
AUDUSD
The block discusses the Federal Reserve's interest rate actions, which directly relate to the USD.
EURUSD
The block discusses the Federal Reserve's interest rate actions, which directly relate to the USD.
GBPUSD
The block discusses the Federal Reserve's interest rate actions, which directly relate to the USD.
NZDUSD
The block discusses the Federal Reserve's interest rate actions, which directly relate to the USD.
USDCAD
The block discusses the Federal Reserve's interest rate actions, which directly relate to the USD.
USDCHF
The block discusses the Federal Reserve's interest rate actions, which directly relate to the USD.
USDDKK
The block discusses the Federal Reserve's interest rate actions, which directly relate to the USD.
USDJPY
The block discusses the Federal Reserve's interest rate actions, which directly relate to the USD.
USDNOK
The block discusses the Federal Reserve's interest rate actions, which directly relate to the USD.
USDPLN
The block discusses the Federal Reserve's interest rate actions, which directly relate to the USD.
USDSEK
The block discusses the Federal Reserve's interest rate actions, which directly relate to the USD.
FULL
05:00–10:00
- Gold has struggled to maintain gains despite soft inflation data, indicating a reliance on developments in interest rates.
- Gary Wagner notes that the Federal Reserve's focus on inflation and potential rate hikes is influencing market behavior, with any inflation above 2% considered unacceptable.
- The market's inability to sustain gains on favorable news suggests cautious sentiment among traders regarding future price movements.
- Wagner indicates that if gold breaks below the support level of 3,932, it could signal a significant downward trend, with revised support potentially around 3,900.
- The lack of follow-through buying after testing the $4,000 level raises concerns about its sustainability as a support line.
- Our interpretation: The recent decline in gold below the $4,000 threshold, coupled with the Fed's likely rate hikes, suggests a shift in market dynamics where rising interest rates could lead to further downward pressure on gold prices.
INSTRUMENTS
GOLD
The block discusses gold's price movements and support levels, making it central to the analysis.
AUDUSD
The block discusses the Federal Reserve's focus on interest rates and inflation, which directly relates to USD.
EURUSD
The block discusses the Federal Reserve's focus on interest rates and inflation, which directly relates to USD.
GBPUSD
The block discusses the Federal Reserve's focus on interest rates and inflation, which directly relates to USD.
NZDUSD
The block discusses the Federal Reserve's focus on interest rates and inflation, which directly relates to USD.
USDCAD
The block discusses the Federal Reserve's focus on interest rates and inflation, which directly relates to USD.
USDCHF
The block discusses the Federal Reserve's focus on interest rates and inflation, which directly relates to USD.
USDDKK
The block discusses the Federal Reserve's focus on interest rates and inflation, which directly relates to USD.
USDJPY
The block discusses the Federal Reserve's focus on interest rates and inflation, which directly relates to USD.
USDNOK
The block discusses the Federal Reserve's focus on interest rates and inflation, which directly relates to USD.
USDPLN
The block discusses the Federal Reserve's focus on interest rates and inflation, which directly relates to USD.
USDSEK
The block discusses the Federal Reserve's focus on interest rates and inflation, which directly relates to USD.
FULL
10:00–15:00
- Market sentiment is influenced by a 50 to 70 percent probability of a rate hike occurring before a rate cut.
- Gary Wagner notes that gold's recent inability to rally despite soft inflation data indicates a bearish trend, with resistance at $4,200 and potential support near $3,900.
- Wagner observes that silver is declining faster than gold, reflecting that in bearish conditions, silver typically experiences greater percentage declines compared to gold.
- The focus has shifted from geopolitical uncertainties to inflation and interest rates, as changes in Federal Reserve policy are expected to significantly impact market dynamics.
- Wagner emphasizes the importance of the first level of technical support for gold; a continued decline could lead to a more pronounced bearish trend.
- Our interpretation: The decline in gold below $4,000, combined with the likelihood of Federal Reserve rate hikes, suggests a shift in market dynamics that may exert further downward pressure on gold prices.
INSTRUMENTS
GOLD
The analysis focuses on gold's price movements and support levels, making it central to the discussion.
AUDUSD
The block discusses the Federal Reserve's potential rate hikes, which directly impacts the USD.
EURUSD
The block discusses the Federal Reserve's potential rate hikes, which directly impacts the USD.
GBPUSD
The block discusses the Federal Reserve's potential rate hikes, which directly impacts the USD.
NZDUSD
The block discusses the Federal Reserve's potential rate hikes, which directly impacts the USD.
USDCAD
The block discusses the Federal Reserve's potential rate hikes, which directly impacts the USD.
USDCHF
The block discusses the Federal Reserve's potential rate hikes, which directly impacts the USD.
USDDKK
The block discusses the Federal Reserve's potential rate hikes, which directly impacts the USD.
USDJPY
The block discusses the Federal Reserve's potential rate hikes, which directly impacts the USD.
USDNOK
The block discusses the Federal Reserve's potential rate hikes, which directly impacts the USD.
USDPLN
The block discusses the Federal Reserve's potential rate hikes, which directly impacts the USD.
USDSEK
The block discusses the Federal Reserve's potential rate hikes, which directly impacts the USD.
FULL
15:00–20:00
- Gary Wagner has revised the previous target for gold from $6,000 to around $5,600 due to recent market conditions.
- The current market is under pressure, characterized by a series of lower highs and lower lows in gold prices, indicating a potential bearish trend.
- Inflation has elicited a notable response from the Federal Reserve, which has not occurred in a long time, influencing market reactions.
- Market participants are increasingly focused on interest rates and inflation, critical factors affecting both gold and silver prices.
- Wagner identifies potential support for gold around $3,920, warning that a break below this level could lead to further declines.
- Our interpretation: The shift in focus from geopolitical factors to inflation and interest rates, particularly with the Fed signaling a potential rate hike, is likely to create downward pressure on gold and silver prices, prompting a recalibration of market expectations.
INSTRUMENTS
GOLD
Gold is directly discussed as it drops below key support levels.
AUDUSD
The block discusses the Federal Reserve's response to inflation and interest rates.
EURUSD
The block discusses the Federal Reserve's response to inflation and interest rates.
GBPUSD
The block discusses the Federal Reserve's response to inflation and interest rates.
NZDUSD
The block discusses the Federal Reserve's response to inflation and interest rates.
SILVER
Silver is mentioned as falling faster than gold, indicating its relevance.
USDCAD
The block discusses the Federal Reserve's response to inflation and interest rates.
USDCHF
The block discusses the Federal Reserve's response to inflation and interest rates.
USDDKK
The block discusses the Federal Reserve's response to inflation and interest rates.
USDJPY
The block discusses the Federal Reserve's response to inflation and interest rates.
USDNOK
The block discusses the Federal Reserve's response to inflation and interest rates.
USDPLN
The block discusses the Federal Reserve's response to inflation and interest rates.
FULL
20:00–25:00
- Gold and silver generally move together, with gold often leading during bullish market conditions.
- Silver tends to show greater percentage gains than gold during periods of strong selling pressure in precious metals.
- Trading volume typically decreases in the summer months, with an expected increase in September as traders return to the market.
- Maintaining a price above $4,100 could indicate a recovery for gold, while a drop below $3,920 may suggest a deeper decline.
- Our interpretation: The current focus on interest rates and inflation, particularly with the Federal Reserve potentially signaling a rate hike, is likely to exert downward pressure on both gold and silver prices.
INSTRUMENTS
GOLD
Gold is directly discussed as it drops below key support levels.
SILVER
Silver is mentioned as moving in tandem with gold, particularly under selling pressure.
AUDUSD
The block discusses the Federal Reserve's potential rate hike, which directly relates to USD.
EURUSD
The block discusses the Federal Reserve's potential rate hike, which directly relates to USD.
GBPUSD
The block discusses the Federal Reserve's potential rate hike, which directly relates to USD.
NZDUSD
The block discusses the Federal Reserve's potential rate hike, which directly relates to USD.
USDCAD
The block discusses the Federal Reserve's potential rate hike, which directly relates to USD.
USDCHF
The block discusses the Federal Reserve's potential rate hike, which directly relates to USD.
USDDKK
The block discusses the Federal Reserve's potential rate hike, which directly relates to USD.
USDJPY
The block discusses the Federal Reserve's potential rate hike, which directly relates to USD.
USDNOK
The block discusses the Federal Reserve's potential rate hike, which directly relates to USD.
USDPLN
The block discusses the Federal Reserve's potential rate hike, which directly relates to USD.
INFO
MARKET MEDIA2026-07-15
OPEN SOURCECHANNELKitco NEWS
The Gold Correction Split This Room in Half | This Week In Focus
BLOCKS
00:00
05:00
2 intervals • swipe left
The Gold Correction Split This Room in Half | This Week In Focus
Kiko News emphasizes its independence as a news organization, focusing on facts rather than sponsors.
FULL
00:00–05:00
- Kiko News emphasizes its independence as a news organization, focusing on facts rather than sponsors.
- Rick Rule observes that attendees at the conference exhibit greed despite the recent gold price correction.
- Adrian Day characterizes the current negative sentiment on gold equities as the worst he has encountered in 50 years, noting a day with zero bullish sentiment.
- Day cautions that gold prices could potentially drop to $3,600 before stabilizing.
- Lynette Zang posits that rising gold prices indicate a failing currency, advocating for viewing gold and silver as money rather than mere trades.
- Nomi Prins indicates that the Federal Reserve may need to lower interest rates to manage debt servicing, suggesting a shift in monetary policy.
- Our interpretation: The prevailing market conditions, marked by greed and extreme negative sentiment in gold equities, indicate a risk of further price corrections in precious metals, which could prompt a reassessment of monetary policy and impact both commodity and currency markets.
INSTRUMENTS
GOLD
The block discusses gold's price correction and its implications for investors.
SILVER
The discussion includes silver's role in the context of rising gold prices.
COPPER
Rick Rule emphasizes copper as a significant investment opportunity.
AUDUSD
The discussion on the Federal Reserve's potential interest rate cuts indicates a monetary policy shift.
EURUSD
The discussion on the Federal Reserve's potential interest rate cuts indicates a monetary policy shift.
GBPUSD
The discussion on the Federal Reserve's potential interest rate cuts indicates a monetary policy shift.
NZDUSD
The discussion on the Federal Reserve's potential interest rate cuts indicates a monetary policy shift.
USDCAD
The discussion on the Federal Reserve's potential interest rate cuts indicates a monetary policy shift.
USDCHF
The discussion on the Federal Reserve's potential interest rate cuts indicates a monetary policy shift.
USDDKK
The discussion on the Federal Reserve's potential interest rate cuts indicates a monetary policy shift.
USDJPY
The discussion on the Federal Reserve's potential interest rate cuts indicates a monetary policy shift.
USDNOK
The discussion on the Federal Reserve's potential interest rate cuts indicates a monetary policy shift.
FULL
05:00–10:00
- Adrian Day highlights the necessity of self-awareness in investment strategies, particularly regarding one's ability to handle volatility in gold stocks.
- Bob Quartermain advises new investors to prioritize sound geology and embrace risk-taking in their investment decisions.
- Rick Rule cautions that government-reported figures on purchasing power may not accurately reflect the financial realities faced by families, urging individuals to assess their own expenses.
- The Consumer Price Index (CPI) may not fully capture the actual decline in purchasing power that families experience.
INFO
MARKET MEDIA2026-07-14
OPEN SOURCECHANNELKitco NEWS
Central Banks Built This Gold Bull and Wall Street Just Turned It Violent | Brien Lundin
BLOCKS
00:00
05:00
10:00
15:00
4 intervals • swipe left
Central Banks Built This Gold Bull and Wall Street Just Turned It Violent | Brien Lundin
Brien Lundin characterizes the recent 40% selloff in gold miners as a classic washout, suggesting a potential market bottom rather than a breakdown.
FULL
00:00–05:00
- Brien Lundin characterizes the recent 40% selloff in gold miners as a classic washout, suggesting a potential market bottom rather than a breakdown.
- The June 24 drop to $4,000 is viewed by Lundin as a capitulation point, which has since established a support level for gold prices.
- Lundin highlights a shift in market dynamics, indicating that Western traders and investors are now the primary drivers of gold prices, with central banks taking a more supportive role.
- He notes that mining stocks are currently undervalued, predicting a stronger market response as the fall season approaches.
- Lundin cautions that inattentive investors may miss potential gains of 5 to 10% in gold and 20 to 30% in mining stocks as the market evolves.
FULL
05:00–10:00
- Brien Lundin describes the current sentiment in the gold market as the worst he has observed, drawing parallels to the market bottoms of 1999 and 2000.
- He notes that unlike in 1999 and 2000, where central banks were the primary market drivers, the current market is now influenced more by Western traders and investors.
- Lundin indicates that while there is some interest from general capital in the gold sector, it represents only a small fraction of potential investment.
- He emphasizes that global liquidity can significantly impact the metals and mining sector when it begins to flow in their direction.
- Despite recent hawkish Fed minutes, Lundin argues that the underlying economic math necessitates continued easy money, which will support gold prices.
- Our interpretation: The shift in market dynamics suggests that as Western investors take the lead, there may be a substantial upside for gold and mining stocks, particularly as liquidity increases.
INSTRUMENTS
GOLD
The block discusses gold's market dynamics and potential price movements.
AUDUSD
The discussion on easy money and Fed policy directly relates to USD expectations.
EURUSD
The discussion on easy money and Fed policy directly relates to USD expectations.
GBPUSD
The discussion on easy money and Fed policy directly relates to USD expectations.
NZDUSD
The discussion on easy money and Fed policy directly relates to USD expectations.
USDCAD
The discussion on easy money and Fed policy directly relates to USD expectations.
USDCHF
The discussion on easy money and Fed policy directly relates to USD expectations.
USDDKK
The discussion on easy money and Fed policy directly relates to USD expectations.
USDJPY
The discussion on easy money and Fed policy directly relates to USD expectations.
USDNOK
The discussion on easy money and Fed policy directly relates to USD expectations.
USDPLN
The discussion on easy money and Fed policy directly relates to USD expectations.
USDSEK
The discussion on easy money and Fed policy directly relates to USD expectations.
FULL
10:00–15:00
- The speaker asserts that the current economic conditions necessitate lower interest rates due to the pressures of debt and deficit.
- He suggests that the political landscape, particularly with the midterms approaching, may catalyze a market rally as discussions around lower rates intensify.
- The speaker projects that gold prices could potentially reach between $6,000 and $8,000 by the end of the current cycle, while urging caution regarding unresolved underlying factors.
- He notes that major producers are likely to eventually allocate their capital towards spending, despite current trends of debt repayment and capital discipline in the mining sector.
- The speaker observes signs of professional investors beginning to re-enter the market, as evidenced by futures outperforming spot prices recently.
- Our interpretation: The combination of anticipated lower rates and increased professional buying could create upward pressure on gold and mining stocks, particularly as liquidity flows back into the sector.
INSTRUMENTS
GOLD
The speaker projects significant price increases for gold, indicating strong relevance.
AUDUSD
The discussion on lower interest rates and Fed policy directly relates to USD.
EURUSD
The discussion on lower interest rates and Fed policy directly relates to USD.
GBPUSD
The discussion on lower interest rates and Fed policy directly relates to USD.
NZDUSD
The discussion on lower interest rates and Fed policy directly relates to USD.
USDCAD
The discussion on lower interest rates and Fed policy directly relates to USD.
USDCHF
The discussion on lower interest rates and Fed policy directly relates to USD.
USDDKK
The discussion on lower interest rates and Fed policy directly relates to USD.
USDJPY
The discussion on lower interest rates and Fed policy directly relates to USD.
USDNOK
The discussion on lower interest rates and Fed policy directly relates to USD.
USDPLN
The discussion on lower interest rates and Fed policy directly relates to USD.
USDSEK
The discussion on lower interest rates and Fed policy directly relates to USD.
FULL
15:00–20:00
- Brien Lundin predicts that after Labor Day, gold prices could rise by 5 to 10 percent, while mining stocks may increase by 20 to 30 percent due to missed gains from investor inattention.
- Lundin highlights the New Orleans Investment Conference for its extensive lineup of experts and companies that frequently emerge as significant winners in the following year.
- He points out the inefficiency of the gold market, suggesting that diligent research and attendance at conferences can help individual investors uncover overlooked opportunities.
- Lundin advises new gold investors to utilize resources like Kitco News and newsletters to gain a competitive advantage over less informed market participants.
INFO
MARKET MEDIA2026-07-14
OPEN SOURCECHANNELKitco NEWS
Your Gold Can Do Something It Couldn't Before | Joseph Cavatoni
BLOCKS
00:00
05:00
10:00
15:00
20:00
5 intervals • swipe left
Your Gold Can Do Something It Couldn't Before | Joseph Cavatoni
Joseph Cavatoni explains that North American investors have reduced their gold accumulation due to concerns over rising interest rates, while Asian investors are purchasing gold at unprecedented levels.
FULL
00:00–05:00
- Joseph Cavatoni explains that North American investors have reduced their gold accumulation due to concerns over rising interest rates, while Asian investors are purchasing gold at unprecedented levels.
- Cavatoni highlights that central banks are acquiring approximately a thousand tons of gold annually, which is double the amount seen in the previous decade.
- He notes that central banks are indicating a sustained interest in gold as a reserve asset, which offers liquidity and mitigates credit risk.
- Cavatoni argues that the traditional view of gold as a non-yielding asset is outdated, as there are now opportunities to lend gold and generate income.
- The guest emphasizes that Eastern investors recognize gold as a diversifier that safeguards against geopolitical risks and potential downgrades of the U.S. dollar.
- Our interpretation: The shift in gold demand dynamics suggests that while North American investors may be retreating due to rate fears, the robust buying from Asia and central banks could support gold prices and reinforce its role as a key reserve asset.
INSTRUMENTS
GOLD
The block discusses gold demand dynamics and central bank accumulation.
AUDUSD
The discussion on gold as a reserve asset suggests implications for USD as a safe haven.
EURUSD
The discussion on gold as a reserve asset suggests implications for USD as a safe haven.
GBPUSD
The discussion on gold as a reserve asset suggests implications for USD as a safe haven.
NZDUSD
The discussion on gold as a reserve asset suggests implications for USD as a safe haven.
USDCAD
The discussion on gold as a reserve asset suggests implications for USD as a safe haven.
USDCHF
The discussion on gold as a reserve asset suggests implications for USD as a safe haven.
USDDKK
The discussion on gold as a reserve asset suggests implications for USD as a safe haven.
USDJPY
The discussion on gold as a reserve asset suggests implications for USD as a safe haven.
USDNOK
The discussion on gold as a reserve asset suggests implications for USD as a safe haven.
USDPLN
The discussion on gold as a reserve asset suggests implications for USD as a safe haven.
USDSEK
The discussion on gold as a reserve asset suggests implications for USD as a safe haven.
FULL
05:00–10:00
- The London market is acknowledging gold's global significance and is exploring ways to enhance its influence in Asia.
- Despite Turkey's notable gold sales this year, central bank accumulation remains strong and unaffected.
- Demand for gold by weight has risen by only 2%, while its dollar value has surged by 74%, reflecting higher spending for less gold due to price increases.
- Jewelry demand in emerging markets continues to be robust, with consumers viewing gold as a savings vehicle, even as tonnage decreases.
- Asia is acquiring physical bars and coins at unprecedented levels, contrasting sharply with the West's ongoing divestment of paper gold.
- Our interpretation: The divergence in gold purchasing behavior between North America and Asia, alongside central bank accumulation, suggests a potential support for gold prices and reinforces its status as a critical reserve asset.
INSTRUMENTS
GOLD
The block discusses gold's status as a reserve asset and its demand dynamics.
FULL
10:00–15:00
- Higher interest rates significantly impact gold prices in the short term, as Western investors often utilize liquid instruments like ETFs for trading.
- While short-term factors may influence gold allocation, long-term accumulation is driven by broader economic issues, particularly the sustainability of the US economy.
- Current uncertainty around interest rates may present an opportunity for investors to consider gold, especially for those who missed previous entry points.
- The East's strategy of buying and holding gold contrasts with the West's trading behavior, which can influence gold pricing dynamics.
- Conflict situations, such as in Iran, typically lead to gold price appreciation due to heightened risk perception and potential inflationary pressures globally.
- Our interpretation: The divergence in gold purchasing behavior between North America and Asia, alongside central bank accumulation, suggests a potential support for gold prices and reinforces its status as a critical reserve asset.
INSTRUMENTS
GOLD
Gold is directly discussed as a safe haven and reserve asset.
AUDUSD
The discussion on interest rates and their impact on gold suggests a connection to USD.
EURUSD
The discussion on interest rates and their impact on gold suggests a connection to USD.
GBPUSD
The discussion on interest rates and their impact on gold suggests a connection to USD.
NZDUSD
The discussion on interest rates and their impact on gold suggests a connection to USD.
USDCAD
The discussion on interest rates and their impact on gold suggests a connection to USD.
USDCHF
The discussion on interest rates and their impact on gold suggests a connection to USD.
USDDKK
The discussion on interest rates and their impact on gold suggests a connection to USD.
USDJPY
The discussion on interest rates and their impact on gold suggests a connection to USD. Also: The mention of global risk perception and gold as a safe haven can relate to JPY.
USDNOK
The discussion on interest rates and their impact on gold suggests a connection to USD.
USDPLN
The discussion on interest rates and their impact on gold suggests a connection to USD.
USDSEK
The discussion on interest rates and their impact on gold suggests a connection to USD.
FULL
15:00–20:00
- Gold's safe haven nature allows it to function as a liquidity instrument, particularly when the dollar strengthens.
- Central banks are increasingly viewing gold as a necessary diversifier to dollar-based assets, with nearly 90% planning to hold or increase their gold holdings over the next five years.
- Most central banks purchase physical gold in the wholesale market, reflecting a preference for tangible assets amid concerns over sanctions and inflation.
- Gold is now treated as tier one collateral by banks, enabling its use in lending systems and enhancing its role as a mobilizing asset.
- Central banks are not abandoning the dollar but are actively seeking the best diversifiers, with gold emerging as the primary choice due to its unique market position.
- Our interpretation: The contrasting gold purchasing behaviors between North America and Asia, along with central bank accumulation, suggest a potential support for gold prices and reinforce its status as a critical reserve asset.
INSTRUMENTS
GOLD
Gold is explicitly discussed as a safe haven and liquidity instrument.
AUDUSD
The block discusses the dollar's strength and its impact on gold as a liquidity instrument.
EURUSD
The block discusses the dollar's strength and its impact on gold as a liquidity instrument.
GBPUSD
The block discusses the dollar's strength and its impact on gold as a liquidity instrument.
NZDUSD
The block discusses the dollar's strength and its impact on gold as a liquidity instrument.
USDCAD
The block discusses the dollar's strength and its impact on gold as a liquidity instrument.
USDCHF
The block discusses the dollar's strength and its impact on gold as a liquidity instrument.
USDDKK
The block discusses the dollar's strength and its impact on gold as a liquidity instrument.
USDJPY
The block discusses the dollar's strength and its impact on gold as a liquidity instrument.
USDNOK
The block discusses the dollar's strength and its impact on gold as a liquidity instrument.
USDPLN
The block discusses the dollar's strength and its impact on gold as a liquidity instrument.
USDSEK
The block discusses the dollar's strength and its impact on gold as a liquidity instrument.
FULL
20:00–25:00
- The increasing level of artisanal and small-scale gold mining may account for up to 20% of annual gold production.
- Joseph Cavatoni raised concerns about illicit finance in gold production, highlighting that bad actors may be introducing gold into the supply chain.
- Reports suggest that gold potentially sourced from illicit activities has reached the US Mint and the Royal Canadian Mint.
- Cavatoni stressed the importance of government recognition and action against the challenges posed by illicit gold production.
INFO
MARKET MEDIA2026-07-13
OPEN SOURCECHANNELKitco NEWS
Gold Market Warning: Why I'm 80% Cash Right Now | Lobo Tiggre
BLOCKS
00:00
05:00
10:00
15:00
20:00
25:00
6 intervals • swipe left
Gold Market Warning: Why I'm 80% Cash Right Now | Lobo Tiggre
interview_low_signal
FULL
00:00–05:00
interview_low_signal
FULL
05:00–10:00
- A lack of urgency to buy during the current correction and consolidation phase, preferring to wait for a clear buying opportunity.
- He highlights similarities between the current market conditions and previous peaks in 2011 and 1980, suggesting that a significant downturn should not be overlooked.
- The speaker emphasizes that if gold were to halve in value, having cash on hand would enable substantial buying opportunities that could greatly enhance net worth.
- He reflects on missed buying opportunities during the 2008 market crash due to insufficient liquidity, underscoring the importance of maintaining cash reserves for future market dips.
- Our interpretation: The speaker's strategy of holding cash and waiting for a market correction indicates a cautious approach to potential volatility, suggesting that significant price drops could create advantageous entry points for investment.
INSTRUMENTS
GOLD
The speaker discusses gold's price movements and potential buying opportunities.
COPPER
The speaker mentions copper as a high-conviction trade influenced by AI narratives.
URANIUM
The speaker identifies uranium as a significant position in his portfolio.
FULL
10:00–15:00
- The speaker is focused on buying low, particularly in the copper market, while remaining cautious about geopolitical tensions affecting prices.
- Current conflicts in the Middle East could negatively impact copper prices due to potential reductions in industrial demand.
- The speaker holds a bullish view on oil, suggesting that if current trends persist, there may be favorable buying opportunities in the sector.
- He is prepared to adjust his investment strategy based on market conditions, indicating readiness to act if oil prices decline.
- The AI narrative could present a buying opportunity in copper if the market experiences a downturn.
- Our interpretation: The interplay of geopolitical tensions and the potential for an AI bubble burst may lead to price corrections in copper and oil, creating strategic buying opportunities for investors while influencing broader market dynamics.
INSTRUMENTS
COPPER
The speaker expresses a bullish view on copper and discusses potential buying opportunities.
AUDUSD
The discussion on oil and copper prices suggests a macroeconomic impact that can influence USD.
EURUSD
The discussion on oil and copper prices suggests a macroeconomic impact that can influence USD.
GBPUSD
The discussion on oil and copper prices suggests a macroeconomic impact that can influence USD.
NZDUSD
The discussion on oil and copper prices suggests a macroeconomic impact that can influence USD.
USDCAD
The discussion on oil and copper prices suggests a macroeconomic impact that can influence USD.
USDCHF
The discussion on oil and copper prices suggests a macroeconomic impact that can influence USD.
USDDKK
The discussion on oil and copper prices suggests a macroeconomic impact that can influence USD.
USDJPY
The discussion on oil and copper prices suggests a macroeconomic impact that can influence USD.
USDNOK
The discussion on oil and copper prices suggests a macroeconomic impact that can influence USD.
USDPLN
The discussion on oil and copper prices suggests a macroeconomic impact that can influence USD.
USDSEK
The discussion on oil and copper prices suggests a macroeconomic impact that can influence USD.
FULL
15:00–20:00
- The spot price of uranium has remained below the long-term contract price for most of the year, a situation that typically does not persist.
- There is potential for a snap move up in uranium spot prices, which could positively influence uranium stocks.
- The speaker emphasizes a disciplined investment approach focused on identifying compelling value propositions rather than speculating on high prices.
- If he did not already hold uranium in his portfolio, he would seek to buy on a dip due to the anticipated near-term catalyst for price movement.
- He expresses skepticism about the strategy of buying high with the hope of selling higher, preferring to wait for more favorable entry points.
- Our interpretation: The current dynamics in the uranium market, characterized by spot prices lagging behind long-term contracts, suggest a potential upward price correction, which could increase interest in uranium stocks as investors anticipate a rebound.
INSTRUMENTS
URANIUM
The block discusses the dynamics of uranium prices and their potential for upward movement.
FULL
20:00–25:00
- If gold undergoes a 50% drawdown similar to historical events in 2011 or 1980, it could fall to below $3,000, which would present a buying opportunity for the speaker.
- Historically, the largest drawdowns for gold have been around 50%, and the speaker intends to buy if gold prices reach the high $2,000s.
- The challenge of accurately identifying market tops, indicating that even when prices appear to surge, they can escalate further.
- He suggests that recognizing oversold markets, such as copper trading below production costs, is more straightforward than pinpointing exact market bottoms.
- The speaker emphasizes the significance of maintaining discipline in investing, asserting that steering clear of the worst-performing stocks can enhance overall investment outcomes.
- Our interpretation: The speaker's strategy highlights a focus on price corrections and disciplined buying, particularly in the context of potential gold price declines, which may influence broader market dynamics and investor behavior in the precious metals sector.
INSTRUMENTS
GOLD
The speaker discusses potential buying opportunities for gold at lower price levels.
COPPER
The speaker identifies copper as his highest-conviction trade, indicating strong interest.
URANIUM
The speaker mentions uranium as his largest position, indicating significant relevance.
FULL
25:00–30:00
- Lobo Tiggre is currently holding an 80% cash position and is not making any purchases today, including oil, despite nearing a potential buy trigger.
- He suggests that if he were a private investor without public scrutiny, he might consider oil stocks to be cheap enough to buy, but he is maintaining his discipline and waiting for the market to present better opportunities.
- Tiggre emphasizes the importance of discipline in investing, noting that he has been successful in two-thirds to three-quarters of his speculations.
- He expresses concern about the potential backlash from the public if he recommends buying oil stocks that subsequently decline in value.
- This year is significant for copper, indicating a strong belief in its market potential.
- Our interpretation: Tiggre's strategy underscores a cautious approach to investing, focusing on waiting for favorable market conditions and price corrections, particularly in the context of potential declines in gold and oil prices.
INSTRUMENTS
COPPER
Lobo Tiggre emphasizes a strong belief in copper's market potential this year.
GOLD
The discussion around gold's correction and potential price movements indicates its relevance.
URANIUM
Tiggre's largest position in uranium suggests its importance in his strategy.
INFO
MARKET MEDIA2026-07-13
OPEN SOURCECHANNELKitco NEWS
Here's What The Gold Price On Your Screen Is Really Hiding | Lynette Zang
BLOCKS
00:00
05:00
10:00
15:00
20:00
25:00
30:00
35:00
8 intervals • swipe left
Here's What The Gold Price On Your Screen Is Really Hiding | Lynette Zang
The gold price displayed does not ensure the ability to acquire physical gold, revealing a significant gap between paper gold and the actual metal.
FULL
00:00–05:00
- The gold price displayed does not ensure the ability to acquire physical gold, revealing a significant gap between paper gold and the actual metal.
- The spot gold market was established in the 1970s to discourage public access to physical gold, which serves as sound money and a safeguard for purchasing power.
- There is a renewed emphasis on demand and supply dynamics in the gold market, indicating a shift towards greater affordability.
- The East is actively investing in gold infrastructure, including new clearing systems in Hong Kong and Singapore, to gain control over gold pricing.
- The notion of a strong dollar is misleading, as it fails to represent the substantial decline in consumer purchasing power.
- Our interpretation: The transition of gold pricing power from the West to the East, alongside the diminishing purchasing power of the dollar, suggests a potential revaluation of gold as a monetary asset, which may drive increased demand for physical gold and influence inflation expectations.
INSTRUMENTS
GOLD
The block discusses the gap between paper gold and physical gold, emphasizing its value as a monetary asset.
AUDUSD
The discussion on the dollar's misleading strength indicates a macroeconomic concern.
EURUSD
The discussion on the dollar's misleading strength indicates a macroeconomic concern.
GBPUSD
The discussion on the dollar's misleading strength indicates a macroeconomic concern.
NZDUSD
The discussion on the dollar's misleading strength indicates a macroeconomic concern.
USDCAD
The discussion on the dollar's misleading strength indicates a macroeconomic concern.
USDCHF
The discussion on the dollar's misleading strength indicates a macroeconomic concern.
USDDKK
The discussion on the dollar's misleading strength indicates a macroeconomic concern.
USDJPY
The discussion on the dollar's misleading strength indicates a macroeconomic concern.
USDNOK
The discussion on the dollar's misleading strength indicates a macroeconomic concern.
USDPLN
The discussion on the dollar's misleading strength indicates a macroeconomic concern.
USDSEK
The discussion on the dollar's misleading strength indicates a macroeconomic concern.
FULL
05:00–10:00
- Inflation represents a continuous adjustment of currency value, with the primary difference being the rate at which this adjustment occurs.
- The speaker likens inflation to the gradual theft of a button from one's home over 30 years, emphasizing how unnoticed changes can lead to significant losses.
- Central banks aim to manage the pace of inflation to prevent the public from recognizing the devaluation of their currency.
- Historically, inflation is characterized as a phenomenon driven by fiat currency, government actions, and debt rather than solely monetary factors.
- Following the removal of the public's ability to safeguard against inflation, there was a notable 69% overnight devaluation of the dollar.
FULL
10:00–15:00
- Stablecoins have reached a record of $222 billion, increasing nearly a third this year, with forecasts suggesting they could reach a trillion.
- Stablecoins are a form of corporate debt, further separating the public from sound money and their ability to protect their wealth.
- These instruments are used to create an artificial market for the dollar, similar to the petro dollar, and to attract buyers for US Treasuries.
- The run on the dollar began in 2013, indicating a long-term trend rather than a recent development.
- The importance of redeemable gold is emphasized, as it provides the public with the power to hold sound money outside of the system.
- Our interpretation: The rise of stablecoins as a significant corporate debt instrument reflects a broader trend of detachment from sound money, which could lead to increased inflationary pressures and a potential loss of purchasing power for the public, as reliance on artificial dollar markets grows.
INSTRUMENTS
AUDUSD
The discussion on stablecoins as corporate debt indicates a significant impact on the dollar's market dynamics.
EURUSD
The discussion on stablecoins as corporate debt indicates a significant impact on the dollar's market dynamics.
GBPUSD
The discussion on stablecoins as corporate debt indicates a significant impact on the dollar's market dynamics.
NZDUSD
The discussion on stablecoins as corporate debt indicates a significant impact on the dollar's market dynamics.
USDCAD
The discussion on stablecoins as corporate debt indicates a significant impact on the dollar's market dynamics.
USDCHF
The discussion on stablecoins as corporate debt indicates a significant impact on the dollar's market dynamics.
USDDKK
The discussion on stablecoins as corporate debt indicates a significant impact on the dollar's market dynamics.
USDJPY
The discussion on stablecoins as corporate debt indicates a significant impact on the dollar's market dynamics.
USDNOK
The discussion on stablecoins as corporate debt indicates a significant impact on the dollar's market dynamics.
USDPLN
The discussion on stablecoins as corporate debt indicates a significant impact on the dollar's market dynamics.
USDSEK
The discussion on stablecoins as corporate debt indicates a significant impact on the dollar's market dynamics.
GOLD
The emphasis on redeemable gold highlights its importance as sound money amidst inflationary pressures.
FULL
15:00–20:00
- The speaker warns that a future gold confiscation could occur, likely targeting gold held in IRAs and depositories rather than through door-to-door sweeps.
- If the spot price of gold reaches $10,000, the government might offer $12,000 per ounce, which would not reflect the true value of gold.
- Most people are misled by the spot market, which is primarily used for speculation and does not represent the actual value of gold.
- Younger individuals are increasingly questioning the current financial system and seeking alternatives like physical gold and silver.
- The government may restrict individuals' access to physical gold, suggesting a potential future where ownership is limited.
- Our interpretation: The potential for government intervention in gold ownership, particularly through confiscation, poses a risk for investors in physical gold assets, which could lead to a reassessment of gold's role as a safe haven and increased demand for alternative assets.
INSTRUMENTS
GOLD
The block discusses gold's value and potential confiscation, directly impacting its market perception.
AUDUSD
The discussion on gold's value and potential government confiscation relates to the USD's role as a safe haven.
EURUSD
The discussion on gold's value and potential government confiscation relates to the USD's role as a safe haven.
GBPUSD
The discussion on gold's value and potential government confiscation relates to the USD's role as a safe haven.
NZDUSD
The discussion on gold's value and potential government confiscation relates to the USD's role as a safe haven.
USDCAD
The discussion on gold's value and potential government confiscation relates to the USD's role as a safe haven.
USDCHF
The discussion on gold's value and potential government confiscation relates to the USD's role as a safe haven.
USDDKK
The discussion on gold's value and potential government confiscation relates to the USD's role as a safe haven.
USDJPY
The discussion on gold's value and potential government confiscation relates to the USD's role as a safe haven.
USDNOK
The discussion on gold's value and potential government confiscation relates to the USD's role as a safe haven.
USDPLN
The discussion on gold's value and potential government confiscation relates to the USD's role as a safe haven.
USDSEK
The discussion on gold's value and potential government confiscation relates to the USD's role as a safe haven.
FULL
20:00–25:00
- The recent influx of funds has led to spot-gold and silver prices being technically overvalued, lacking fundamental justification.
- Significant price fluctuations, such as 5% daily moves or 1500% annual changes, reflect speculation rather than genuine investment.
- The current wealth transfer is concerning, with only 0.029 out of 100 pennies representing true wealth for the majority, indicating a concentration of wealth among a few.
- Inflation is directly impacting consumers, as rising grocery prices erode public confidence in the economy.
- Trusting money managers with investments poses risks, particularly if they lack understanding of the underlying economic system.
- Our interpretation: The concentration of wealth and the speculative nature of the gold market may lead investors to reassess gold's role as a safe haven, increasing demand for alternative assets.
INSTRUMENTS
GOLD
The discussion centers on the valuation and perception of gold as a safe haven.
SILVER
Silver is mentioned alongside gold, indicating its relevance in the discussion of precious metals.
FULL
25:00–30:00
- The speaker highlights the necessity of defining personal financial goals and assessing one's current standard of living as part of a sound money strategy.
- Younger individuals may prioritize asset accumulation over cash needs, while older individuals often depend on dividends from stocks or interest from bonds for income.
- The speaker cautions that access to bank and brokerage accounts can be revoked, posing a risk to wealth stored in these accounts.
- There is a pressing need to educate younger generations on financial strategies, indicating that targeted programs are crucial for enhancing their financial literacy.
- Our interpretation: The current financial environment, marked by substantial corporate debt and potential access issues to traditional wealth storage, suggests a growing inclination towards alternative assets like gold and silver, driven by concerns over fiat currency stability and the necessity for individuals to secure their financial futures amid economic uncertainty.
INSTRUMENTS
GOLD
The speaker emphasizes the importance of gold as a secure asset in the current financial environment.
SILVER
Silver is mentioned alongside gold as a valuable asset in the context of financial security.
AUDUSD
The discussion on gold and silver as alternatives to fiat currency suggests a focus on USD stability.
EURUSD
The discussion on gold and silver as alternatives to fiat currency suggests a focus on USD stability.
GBPUSD
The discussion on gold and silver as alternatives to fiat currency suggests a focus on USD stability.
NZDUSD
The discussion on gold and silver as alternatives to fiat currency suggests a focus on USD stability.
USDCAD
The discussion on gold and silver as alternatives to fiat currency suggests a focus on USD stability.
USDCHF
The discussion on gold and silver as alternatives to fiat currency suggests a focus on USD stability.
USDDKK
The discussion on gold and silver as alternatives to fiat currency suggests a focus on USD stability.
USDJPY
The discussion on gold and silver as alternatives to fiat currency suggests a focus on USD stability.
USDNOK
The discussion on gold and silver as alternatives to fiat currency suggests a focus on USD stability.
USDPLN
The discussion on gold and silver as alternatives to fiat currency suggests a focus on USD stability.
FULL
30:00–35:00
- Younger individuals may focus on accumulating assets rather than addressing immediate cash flow needs, unlike those with established wealth.
- Established wealth holders must ensure they can cover property taxes to avoid losing their homes, even if their mortgages are paid off.
- Gold maintains consistent liquidity, reinforcing its status as a real asset that cannot be inflated away by governments or central banks.
- A rise in gold prices is indicative of a failing currency, suggesting that understanding this relationship can influence investment decisions.
- Our interpretation: The dynamics in the gold market, where increasing prices reflect currency weakness, indicate that investors should be wary of speculative pressures, as these may signal broader economic instability and potential currency devaluation.
INSTRUMENTS
GOLD
Gold is discussed as a real asset that reflects currency strength.
AUDUSD
The discussion on gold prices indicates a failing currency, which directly relates to USD.
EURUSD
The commentary on gold prices suggests broader implications for USD, impacting EUR/USD. Also: The discussion on gold prices indicates a failing currency, which directly relates to USD.
GBPUSD
The analysis of gold prices and currency dynamics can also affect GBP/USD. Also: The discussion on gold prices indicates a failing currency, which directly relates to USD.
NZDUSD
The discussion on gold prices indicates a failing currency, which directly relates to USD.
USDCAD
The discussion on gold prices indicates a failing currency, which directly relates to USD.
USDCHF
The discussion on gold prices and currency weakness can influence USD/CHF dynamics. Also: The discussion on gold prices indicates a failing currency, which directly relates to USD.
USDDKK
The discussion on gold prices indicates a failing currency, which directly relates to USD.
USDJPY
The discussion on gold prices indicates a failing currency, which directly relates to USD.
USDNOK
The discussion on gold prices indicates a failing currency, which directly relates to USD.
USDPLN
The discussion on gold prices indicates a failing currency, which directly relates to USD.
USDSEK
The discussion on gold prices indicates a failing currency, which directly relates to USD.
FULL
35:00–40:00
- At one point, silver was approximately 90% away from the 200-day moving average, while spot gold was around 50 to 60% away.
- A rise in gold prices is indicative of a failing currency, emphasizing the need to view gold and silver as money rather than as a trade.
- Prior to 1971, purchasing power remained flat due to the gold standard, but the establishment of the spot market shifted public perception to view gold as a trade.
- During the lead-up to gold confiscation, 2.4 times the claims against gold were created, which could pose issues if individuals attempted to redeem their gold certificates.
INFO
MARKET MEDIA2026-07-10
OPEN SOURCECHANNELKitco NEWS
The Dollar Will Lose 75% of Its Value. Here's What He's Buying | Rick Rule
BLOCKS
00:00
05:00
10:00
15:00
20:00
25:00
6 intervals • swipe left
The Dollar Will Lose 75% of Its Value. Here's What He's Buying | Rick Rule
Rick Rule describes the mood on the floor as greedy, with attendees excited about gold's price increase and inquiring about market corrections.
FULL
00:00–05:00
- Rick Rule describes the mood on the floor as greedy, with attendees excited about gold's price increase and inquiring about market corrections.
- He notes that the audience has been conditioned to see soft markets as opportunities for sales, reflecting their confidence in future pricing.
- The largest increase in live attendance at the conference comes from individuals who previously participated via live stream.
- Rule emphasizes the significance of mentorship in his career and considers the conference a part of his legacy in the resource sector.
- He only permits companies to exhibit at the conference if he owns or manages them, having rejected over 130 companies.
- Rule advises investors to limit their stock portfolios to the number of hours they are willing to dedicate to studying companies each month.
FULL
05:00–10:00
- Rick Rule sold about 80% of his physical silver earlier this year, reallocating funds into silver mining companies as part of a strategic investment shift.
- He considers gold a savings asset, maintaining liquidity in US dollars while investing in both senior and junior gold stocks.
- Rule assesses the current gold bull market to be in its sixth inning, projecting approximately 10 more years of potential price increases.
- He predicts that the US dollar may lose 75% of its purchasing power over the next decade, which could result in gold prices tripling in nominal terms.
- Silver mining stocks are currently valued as if silver will be $35 in a $75 market, offering better upside potential and downside protection compared to holding physical silver.
- Our interpretation: The anticipated depreciation of the dollar and the favorable pricing of silver mining stocks suggest a strategic advantage for investors focusing on these assets in the coming years.
INSTRUMENTS
SILVER
The discussion centers on the strategic shift from physical silver to silver mining stocks.
GOLD
Gold is highlighted as a savings asset and is expected to increase in value.
COPPER
Copper is mentioned as a new investment focus for Rick Rule.
AUDUSD
The block discusses the dollar's purchasing power and its implications for investments.
EURUSD
The block discusses the dollar's purchasing power and its implications for investments.
GBPUSD
The block discusses the dollar's purchasing power and its implications for investments.
NZDUSD
The block discusses the dollar's purchasing power and its implications for investments.
USDCAD
The block discusses the dollar's purchasing power and its implications for investments.
USDCHF
The block discusses the dollar's purchasing power and its implications for investments.
USDDKK
The block discusses the dollar's purchasing power and its implications for investments.
USDJPY
The block discusses the dollar's purchasing power and its implications for investments.
USDNOK
The block discusses the dollar's purchasing power and its implications for investments.
FULL
10:00–15:00
- The world is approximately three years away from depleting copper inventories, which is crucial for maintaining production levels.
- To sustain current copper production, the ten largest mining companies must invest $250 billion, but they currently lack the necessary funds.
- Copper demand is increasing, which will worsen the existing supply deficit if production levels are maintained.
- The systemic underinvestment in copper over the past 20 to 30 years cannot be compensated for in just five years without a significant economic downturn.
- The growing global population, particularly in emerging markets, will drive copper demand as access to electricity expands.
- Our interpretation: The ongoing underinvestment in copper, combined with rising demand from a growing global population, suggests a tightening supply situation that could lead to significant price increases in the copper market.
INSTRUMENTS
COPPER
The block discusses the tightening supply situation of copper due to underinvestment and rising demand.
FULL
15:00–20:00
- Many investors rely on recent experiences to shape their future expectations, which he considers a flawed approach.
- He identifies the current oil shortage as artificial, resulting from geopolitical conflicts, but warns of an impending structural shortage due to underinvestment in the oil sector.
- The speaker expresses doubt about making financial forecasts based on geopolitical events, stating he does not act on information he cannot process.
- He highlights that the market share of precious metals is only half of one percent compared to a historical mean of two percent, suggesting significant growth potential if demand normalizes.
- The speaker posits that if demand for precious metals returns to historical levels, it could increase fourfold, with historical trends indicating that such reversion often leads to overshooting.
- Our interpretation: The combination of geopolitical tensions and artificial oil shortages may create inflationary pressures, potentially diminishing the dollar's purchasing power and prompting a shift towards precious metals as a hedge.
INSTRUMENTS
GOLD
The speaker suggests a shift towards precious metals as a hedge against inflation.
SILVER
The discussion on precious metals includes silver as a key investment.
AUDUSD
The discussion on inflation and the dollar's purchasing power directly relates to USD.
EURUSD
The discussion on inflation and the dollar's purchasing power directly relates to USD.
GBPUSD
The discussion on inflation and the dollar's purchasing power directly relates to USD.
NZDUSD
The discussion on inflation and the dollar's purchasing power directly relates to USD.
USDCAD
The discussion on inflation and the dollar's purchasing power directly relates to USD.
USDCHF
The discussion on inflation and the dollar's purchasing power directly relates to USD.
USDDKK
The discussion on inflation and the dollar's purchasing power directly relates to USD.
USDJPY
The discussion on inflation and the dollar's purchasing power directly relates to USD.
USDNOK
The discussion on inflation and the dollar's purchasing power directly relates to USD.
USDPLN
The discussion on inflation and the dollar's purchasing power directly relates to USD.
FULL
20:00–25:00
- Rick Rule predicts a 75% decline in the purchasing power of the US dollar over the next decade, which he believes will necessitate a reevaluation of investment strategies.
- He emphasizes that many investors fail to adequately understand the difference between price and value, which can lead to poor decisions during market fluctuations.
- Rule asserts that the actual inflation rate for the average family is approximately 8%, significantly higher than the government's reported rate of 2.5%, which he labels the 'CP-lie'.
- He points out that there has been a 30-year trend of structural underinvestment in extractive industries, which is expected to drive commodity prices higher as demand increases.
- Investors with minimal exposure to gold and a heavy reliance on US dollars face risks, as the dollar's purchasing power is projected to decline substantially.
- Our interpretation: The anticipated decline in the dollar's value, coupled with rising inflation and underinvestment in key sectors, may drive investors toward precious metals as a hedge against currency depreciation.
INSTRUMENTS
GOLD
The discussion emphasizes gold as a hedge against currency depreciation.
SILVER
Rick Rule's strategy involves moving from physical silver to silver mining stocks.
AUDUSD
The block discusses the projected decline in the purchasing power of the US dollar.
EURUSD
The block discusses the projected decline in the purchasing power of the US dollar.
GBPUSD
The block discusses the projected decline in the purchasing power of the US dollar.
NZDUSD
The block discusses the projected decline in the purchasing power of the US dollar.
USDCAD
The block discusses the projected decline in the purchasing power of the US dollar.
USDCHF
The block discusses the projected decline in the purchasing power of the US dollar.
USDDKK
The block discusses the projected decline in the purchasing power of the US dollar.
USDJPY
The block discusses the projected decline in the purchasing power of the US dollar.
USDNOK
The block discusses the projected decline in the purchasing power of the US dollar.
USDPLN
The block discusses the projected decline in the purchasing power of the US dollar.
FULL
25:00–30:00
outro_or_disclaimer
INFO
MARKET MEDIA2026-07-10
OPEN SOURCECHANNELKitco NEWS
"The Worst Sentiment I've Ever Seen in 50 Years" | Adrian Day
BLOCKS
00:00
05:00
10:00
15:00
20:00
25:00
30:00
35:00
8 intervals • swipe left
"The Worst Sentiment I've Ever Seen in 50 Years" | Adrian Day
Adrian Day emphasizes that the role of a money manager is to evaluate risk and reward rather than predict market movements.
FULL
00:00–05:00
- Adrian Day emphasizes that the role of a money manager is to evaluate risk and reward rather than predict market movements.
- Current sentiment in gold stocks has plummeted to a 50-year low, with bullishness among miners falling to approximately 7%.
- Day points out that mid-cycle corrections in gold are typical, citing a notable 45% drop in gold prices in 1975.
- He observes that foreign markets have lagged behind the US market for 13 years, indicating potential value opportunities outside the US.
- The current economic climate, including government fiscal policies, raises concerns about the stability of investments in foreign markets.
- Our interpretation: The extreme bearish sentiment in gold stocks may create a buying opportunity for value investors, particularly if generalist funds begin to shift their focus to gold as broader market conditions change.
INSTRUMENTS
GOLD
The discussion centers on extreme bearish sentiment in gold stocks, indicating potential buying opportunities.
FULL
05:00–10:00
- The rotation out of major tech stocks like Microsoft and Amazon has commenced, with these stocks experiencing declines of 15 to 20% while the S&P only fell by 2%.
- The Vanguard value fund has shown a significant advantage over the Vanguard growth fund this year, increasing by 14% compared to a 4% rise for growth.
- Foreign markets have outperformed the S&P, achieving a 32% increase last year versus 17% for the S&P, suggesting a shift in investment focus.
- As major tech stocks decline, a considerable amount of capital is expected to flow into foreign markets and commodities, including gold stocks.
- Many investors currently engaged with the S&P are not yet participating in the gold market, but this dynamic may shift once the S&P's upward trend halts.
- Our interpretation: The current bearish sentiment in gold stocks could present a buying opportunity for value investors, particularly if generalist funds begin to redirect their investments towards gold as broader market conditions evolve.
INSTRUMENTS
AMZN
Amazon is directly mentioned as a major tech stock experiencing declines.
MSFT
Microsoft is directly mentioned as a major tech stock experiencing declines.
GOLD
Gold is discussed as a potential beneficiary of the capital rotation.
SP500
The S&P 500 is referenced as a benchmark for market performance.
FULL
10:00–15:00
- Adrian Day reports that the negative sentiment on gold equities has reached a historic low, with the bull sentiment index for gold miners at just 7%.
- On one day two weeks ago, there was zero bullish sentiment among surveyed investors regarding gold.
- Day anticipates that when capital returns to the gold sector, it will likely flow first into large-cap miners and royalty companies, which are perceived as safer investments.
- Agnico Eagle is currently trading near its all-time low price to free cash flow valuation, suggesting potential value in the stock.
- A Scotiabank study indicates that the valuations of leading gold producers are in the lowest quartile of history, despite their strong cash flows.
- Our interpretation: The extreme bearish sentiment in gold stocks may create a buying opportunity for value investors, particularly if generalist funds begin to shift their investments towards gold as market conditions change.
INSTRUMENTS
GOLD
The discussion centers on extreme bearish sentiment in gold stocks, indicating potential buying opportunities.
AAPL
The mention of capital rotation from tech stocks like Apple indicates a broader market trend.
AMZN
The mention of capital rotation from tech stocks like Amazon indicates a broader market trend.
MSFT
The mention of capital rotation from tech stocks like Microsoft indicates a broader market trend.
FULL
15:00–20:00
- Agnico Eagle's all-in-sustaining cost last year was below $1340, reflecting strong margins despite a 10% increase in costs.
- The speaker highlights the necessity of considering individual investor circumstances, including financial obligations and risk tolerance, when investing in gold stocks.
- Gold is at risk of breaking its last low and potentially dropping to $3600, which would adversely affect gold stocks.
- Oil stocks are currently viewed as the most disliked sector, with the prevailing narrative against fossil fuels contributing to underinvestment in oil exploration.
- The ongoing lack of investment in oil is likely to result in insufficient supply in the future, potentially driving oil prices higher.
- Our interpretation: The extreme bearish sentiment in gold stocks may create a buying opportunity for value investors, particularly if generalist funds begin to shift their investments towards gold as market conditions change.
INSTRUMENTS
GOLD
Gold is directly discussed as being at risk of dropping to $3600.
FULL
20:00–25:00
- Silver has experienced a more significant sell-off than gold, suggesting a potential buying opportunity for silver miners.
- Silver's role as an industrial metal influences its demand dynamics compared to gold.
- When silver prices increase substantially, end users often seek substitutes or enhance efficiency in their usage, impacting overall demand.
- Chinese solar manufacturers have reduced their silver consumption by approximately 25% due to rising prices, which may affect future demand.
- Most silver production is derived as a byproduct of other metals, indicating that supply does not directly respond to fluctuations in silver prices.
- Our interpretation: The current dynamics in the silver market, marked by diminished industrial demand and the byproduct nature of its supply, suggest that while silver may offer better potential as a buy, the prevailing market sentiment and price volatility could lead to further corrections, affecting both silver and related equities.
INSTRUMENTS
SILVER
The block discusses the dynamics of the silver market and its potential buying opportunities.
FULL
25:00–30:00
- Royalty companies provide capital to miners in exchange for a percentage of the minerals produced, creating a mutually beneficial arrangement.
- Streaming companies differ from royalty companies by offering upfront payments and then paying a fixed price per ounce of the mineral upon production.
- The risk for smaller royalty companies stems from having only one or two revenue sources, which can lead to substantial revenue loss if issues arise at a mine.
- Larger royalty companies, such as Franco-Nevada, mitigate risk by having revenue streams from over a hundred different projects.
FULL
30:00–35:00
- Wheaton and Franco are holding substantial cash reserves, with Wheaton at $2 billion and Franco at approximately $1.4 billion.
- Royalty companies and streamers have effectively adapted to market needs, previously assisting companies in managing debt.
- Investors are cautioned against being reactive rather than proactive, emphasizing the need to avoid over-sizing investments.
- For those with a five to ten-year investment horizon, allocating at least 50% of capital to gold equities, especially in larger, quality companies, is advisable.
- A strong balance sheet and reliable revenue sources are critical for companies in the resource sector, as many lack revenue and may need to raise capital.
FULL
35:00–40:00
- A decline in central bank buying on a monthly or quarterly basis would prompt significant caution regarding gold investments.
- Despite high-profile sellers like Turkey and Poland in the first quarter, net buying of gold remained higher than the previous quarter.
- Investors often overestimate their ability to tolerate volatility, which can lead to poor decision-making during market downturns.
- Understanding the specifics of investments is essential for making informed decisions and managing reactions to market challenges.
- The speaker's most significant investment mistakes stemmed from a lack of knowledge about the assets he was investing in, resulting in panic during downturns.
INFO
MARKET MEDIA2026-07-09
OPEN SOURCECHANNELKitco NEWS
Wall Street Was Short Silver. Now It's Going Long | Keith Neumeyer
BLOCKS
00:00
05:00
10:00
15:00
20:00
25:00
30:00
7 intervals • swipe left
Wall Street Was Short Silver. Now It's Going Long | Keith Neumeyer
Keith Neumeyer emphasizes that silver's price surge to $121 revealed the fragility of the physical market, suggesting the system was nearly on the brink of collapse.
FULL
00:00–05:00
- Keith Neumeyer emphasizes that silver's price surge to $121 revealed the fragility of the physical market, suggesting the system was nearly on the brink of collapse.
- Following a 50% price correction to approximately $60, Neumeyer asserts that the market has likely reached its lows and is currently two years into a projected 10-year bull market.
- He attributes the recent increase in silver prices to the US government's designation of silver as a critical metal, which has spurred greater institutional interest and investment in mining and smelting operations.
- Neumeyer notes that the swift correction in silver prices was unexpected, largely influenced by a paper market where significant short covering occurred during the price spike.
- The market may require six to twelve months to adapt to the new pricing dynamics after the recent volatility.
- Our interpretation: The transition from a short to a long position in silver suggests a potential shift in market sentiment, indicating that institutional investors may be positioning themselves for sustained price increases amid a tightening supply.
INSTRUMENTS
SILVER
The discussion centers on silver's price dynamics and market conditions.
FULL
05:00–10:00
- The silver market has been in a deficit for six years, with a shortfall of approximately 67 million ounces this year alone.
- Despite high prices, the supply-demand fundamentals for silver remain unchanged, as miners have maintained flat production levels of about 830 to 850 million ounces per year for the last decade.
- Silver is currently experiencing its deepest backwardation since the 1980s, indicating that immediate delivery prices are higher than future prices.
- Lease rates in London have spiked nearly 40%, signaling a tightening in the physical silver market.
- There has been a surge in urgent calls from buyers worldwide needing physical silver, reflecting strong demand despite market fluctuations.
- Our interpretation: The persistent deficits and rising lease rates in the silver market suggest a tightening supply situation that could lead to upward price pressures. As institutional investors shift capital towards precious metals, this may support silver prices through both physical demand and speculative interest.
INSTRUMENTS
SILVER
The block discusses the silver market's supply-demand dynamics and price movements.
FULL
10:00–15:00
- The silver market faced a critical situation with both supply and demand issues, as lease rates surged and margin calls impacted various market participants.
- Retail silver purchases have been disrupted, as refineries halted operations due to financial constraints, preventing the typical buying process from retail sellers.
- China's substantial demand for silver, driven by its manufacturing sector including the largest electric vehicle manufacturer, has resulted in elevated premiums in Shanghai.
- The paper silver market significantly overshadows the physical market, with approximately two billion ounces traded daily compared to an annual production of about 850 million ounces.
- A year ago, the silver market was characterized by large short positions, but the current landscape shows a reduction in these positions and a transition towards long positions among market players.
- Our interpretation: The shift from short to long positions in the silver market, alongside the supply-demand imbalance and the dominance of paper trading, suggests potential volatility and a need for market participants to monitor physical demand signals closely.
INSTRUMENTS
SILVER
The block discusses the supply-demand dynamics and price movements of silver.
FULL
15:00–20:00
- The current paper trading system for silver, established in the 1970s, presents challenges for unwinding existing market structures.
- The mining ratio indicates that for every eight ounces of gold mined, only one ounce of silver is produced, suggesting that silver prices should reflect this production relationship.
- Institutions typically prefer to invest in indexes rather than individual mining stocks due to the complexities and risks associated with selecting specific mining companies.
- At a silver price of $60, First Majestic Silver maintains a robust financial position, with over $1 billion in cash and quarterly cash flows exceeding $150 million.
- The existing silver production deficit is substantial enough that it would require the output of ten companies like First Majestic to address it.
- Our interpretation: The shift in institutional interest towards silver, driven by its critical role in emerging technologies and the current supply deficit, may lead to upward price adjustments, impacting the broader commodities market and potentially influencing dollar liquidity dynamics.
INSTRUMENTS
SILVER
The block discusses silver's market dynamics and price adjustments directly.
AUDUSD
The discussion on silver's critical role and market dynamics suggests implications for dollar liquidity.
EURUSD
The discussion on silver's critical role and market dynamics suggests implications for dollar liquidity.
GBPUSD
The discussion on silver's critical role and market dynamics suggests implications for dollar liquidity.
NZDUSD
The discussion on silver's critical role and market dynamics suggests implications for dollar liquidity.
USDCAD
The discussion on silver's critical role and market dynamics suggests implications for dollar liquidity.
USDCHF
The discussion on silver's critical role and market dynamics suggests implications for dollar liquidity.
USDDKK
The discussion on silver's critical role and market dynamics suggests implications for dollar liquidity.
USDJPY
The discussion on silver's critical role and market dynamics suggests implications for dollar liquidity.
USDNOK
The discussion on silver's critical role and market dynamics suggests implications for dollar liquidity.
USDPLN
The discussion on silver's critical role and market dynamics suggests implications for dollar liquidity.
USDSEK
The discussion on silver's critical role and market dynamics suggests implications for dollar liquidity.
FULL
20:00–25:00
- Owning mining stocks can be more volatile compared to holding physical metals like gold and silver, which are easier to store and less likely to go bankrupt.
- The market is currently experiencing a 50% correction, presenting potential buying opportunities for investors in solid mining companies.
- Institutions are beginning to consider entering the market after being caught off guard by the rapid rise in silver prices from $35 to $120.
- The guest emphasizes the importance of not chasing investments and suggests that investors should buy when others are fearful, particularly when stocks are down significantly.
- The current market environment is seeing more discipline from miners regarding capital management, which could encourage increased investor participation.
- Our interpretation: The shift in institutional interest towards silver, driven by its critical role in emerging technologies and the current supply deficit, may lead to upward price adjustments, impacting the broader commodities market.
INSTRUMENTS
SILVER
The discussion centers on silver's price movements and market dynamics.
FULL
25:00–30:00
- The speaker practices cost averaging by initially investing 10% of his total capital and then waiting 30 days before investing another 10%.
- He emphasizes the importance of discipline in selling, suggesting that when a stock is up three times, a portion should be sold, and by the time it reaches five times, all capital should be off the market.
- He enjoys buying during market downturns, stating that he has a list of targets and an active M&A team that regularly evaluates potential acquisitions.
- During the last downturn, he acquired eight companies trading at less than $10 an ounce, which are now developing into significant assets.
- The current market volatility presents opportunities for acquisitions, as nervous sellers often emerge during such times.
- Our interpretation: The current market conditions, characterized by significant price corrections, may lead to increased M&A activity as companies seek to acquire undervalued assets, potentially impacting stock valuations and investor sentiment.
INSTRUMENTS
SILVER
The discussion centers on silver's price movements and market dynamics.
FULL
30:00–35:00
- The speaker highlights the need to assess stock fundamentals when prices decline, suggesting that unchanged fundamentals may warrant additional purchases to reduce the cost basis.
- He is confident that silver will eventually reach triple digits again, though he avoids making specific predictions due to past criticism of his forecasts.
- The physical silver market is currently facing a significant shortage, indicating a tight supply situation that contrasts with the paper price.
- The disparity between the paper price of silver and actual market conditions is critical to monitor for future price movements.
- Our interpretation: The current tight supply in the physical silver market, coupled with the diminishing short positions, suggests potential upward pressure on prices as demand may outstrip supply.
INSTRUMENTS
SILVER
The block discusses the physical silver market and its supply-demand dynamics.
INFO
MARKET MEDIA2026-07-09
OPEN SOURCECHANNELKitco NEWS
China's Gold Reserves Doubled While the US Stopped Mining It | Bob Quartermain
BLOCKS
00:00
05:00
10:00
15:00
20:00
25:00
30:00
7 intervals • swipe left
China's Gold Reserves Doubled While the US Stopped Mining It | Bob Quartermain
Bob Quartermain notes that gold has surpassed US Treasuries as a reserve asset, indicating a significant shift in central bank demand.
FULL
00:00–05:00
- Bob Quartermain notes that gold has surpassed US Treasuries as a reserve asset, indicating a significant shift in central bank demand.
- He highlights that China's gold reserves have increased from 33 million ounces to over 75 million, reflecting a growing trend among central banks to accumulate gold.
- Quartermain describes the current market pullback as a 'breather in the bull market,' contrasting it with the speculative run of 2011.
- He emphasizes that the remaining gold deposits are deeper and lower-grade, which will necessitate higher gold prices to sustain production levels.
- Systemic changes in global monetary reserves are driving central banks to continue purchasing gold, which is now a more significant part of their holdings.
- Our interpretation: The ongoing central bank accumulation of gold, alongside rising geopolitical tensions and market volatility, suggests a potential shift in monetary policy dynamics, where increased demand for gold could lead to upward pressure on prices, impacting USD liquidity and influencing investor sentiment towards safe-haven assets.
INSTRUMENTS
GOLD
The block discusses the rising demand for gold and its implications for pricing.
AUDUSD
The discussion on gold as a reserve asset indicates a shift in central bank demand, which can affect USD liquidity.
EURUSD
The implications of gold as a reserve asset can influence USD dynamics, impacting EUR/USD. Also: The discussion on gold as a reserve asset indicates a shift in central bank demand, which can affect USD liquidity.
GBPUSD
The discussion on gold as a reserve asset indicates a shift in central bank demand, which can affect USD liquidity.
NZDUSD
The discussion on gold as a reserve asset indicates a shift in central bank demand, which can affect USD liquidity.
USDCAD
The discussion on gold accumulation by central banks can impact USD liquidity, affecting USD/CAD. Also: The discussion on gold as a reserve asset indicates a shift in central bank demand, which can affect USD liquidity.
USDCHF
The shift in reserve assets towards gold can influence USD liquidity, impacting USD/CHF dynamics. Also: The discussion on gold as a reserve asset indicates a shift in central bank demand, which can affect USD liquidity.
USDDKK
The discussion on gold as a reserve asset indicates a shift in central bank demand, which can affect USD liquidity.
USDJPY
The discussion on gold as a reserve asset indicates a shift in central bank demand, which can affect USD liquidity.
USDNOK
The discussion on gold as a reserve asset indicates a shift in central bank demand, which can affect USD liquidity.
USDPLN
The discussion on gold as a reserve asset indicates a shift in central bank demand, which can affect USD liquidity.
USDSEK
The discussion on gold as a reserve asset indicates a shift in central bank demand, which can affect USD liquidity.
FULL
05:00–10:00
- The speaker reflects on returning to Hemlo after 40 years, highlighting the chance to develop a Canadian mine with a young professional team.
- He notes that Hemlo was undercapitalized and did not receive sufficient attention from its previous owner, Barrick.
- The speaker points out that gold prices have significantly changed since the 1980s, enabling the mining of lower-grade material that was previously considered unviable.
- He emphasizes the efficiency of smaller teams in making quick decisions compared to larger mining companies, which often face bureaucratic challenges.
FULL
10:00–15:00
- The speaker highlights the critical role of team building in mining projects, emphasizing that assembling individuals with the right expertise is essential for achieving successful outcomes.
- He notes that selling a mining asset typically occurs when a larger company presents a premium offer to shareholders, underscoring the importance of evaluating such opportunities for investor benefit.
- Bruce Jack mine has demonstrated its viability by producing approximately 300,000 ounces of gold annually, which has attracted interest from larger mining companies.
- The guest believes the current cycle of mergers and acquisitions (M&A) in the mining sector is just beginning, as companies are adopting more disciplined capital management and seeking to expand their portfolios.
- Our interpretation: The ongoing M&A activity suggests a shift in the mining industry towards consolidation, driven by improved financial discipline and the need for larger companies to enhance their asset bases in a competitive market.
INSTRUMENTS
GOLD
The discussion centers on gold reserves and pricing dynamics.
SILVER
Silver was mentioned in the context of its recent price movements and market interest.
FULL
15:00–20:00
- Silver's long-term prospects are bolstered by its industrial applications, particularly in data centers, despite its ongoing deficit and associated volatility.
- Data centers utilize substantial amounts of silver, with server platforms containing hundreds of kilograms, highlighting silver's essential role as an electrical conductor.
- Exploration budgets for precious metals have been constrained for approximately 15 years, complicating the discovery of new gold deposits.
- Current average gold mine yields are around one gram per ton, a significant decrease from historical surface mines that operated at ten grams per ton.
- Jurisdictional risks pose challenges for mining operations, as shifts in government regulations can significantly affect mining activities.
FULL
20:00–25:00
- When the Homestake mine closed in 2002, US gold production fell from over 10 million ounces annually to four or five million ounces.
- The speaker highlights the need for domestic gold sourcing, noting that gold is used in everyday items like cell phones, and advocates for mining in the US due to security and regulatory stability.
- Dakota Gold has reported a discovery in the Mateland project, featuring 47 intersections with grades exceeding 11 grams per ton over a four-meter span.
- The permitting process for the Richmond Hill project is anticipated to take more than 18 months, with production targeted for late 2029.
- The favorable infrastructure and regulatory environment in South Dakota enhance its appeal for mining development.
- Our interpretation: The decline in US gold production and the increasing difficulty in discovering new deposits may lead to upward pressure on gold prices, as domestic sourcing becomes more critical.
INSTRUMENTS
GOLD
The block discusses the rising gold prices due to declining US production.
AUDUSD
The discussion on gold production and pricing suggests a macroeconomic impact on the USD.
EURUSD
The discussion on gold production and pricing suggests a macroeconomic impact on the USD.
GBPUSD
The discussion on gold production and pricing suggests a macroeconomic impact on the USD.
NZDUSD
The discussion on gold production and pricing suggests a macroeconomic impact on the USD.
USDCAD
The discussion on gold production and pricing suggests a macroeconomic impact on the USD.
USDCHF
The discussion on gold production and pricing suggests a macroeconomic impact on the USD.
USDDKK
The discussion on gold production and pricing suggests a macroeconomic impact on the USD.
USDJPY
The discussion on gold production and pricing suggests a macroeconomic impact on the USD.
USDNOK
The discussion on gold production and pricing suggests a macroeconomic impact on the USD.
USDPLN
The discussion on gold production and pricing suggests a macroeconomic impact on the USD.
USDSEK
The discussion on gold production and pricing suggests a macroeconomic impact on the USD.
FULL
25:00–30:00
- The speaker projects a mine life of approximately 17 years based on current production rates of 150,000 to 300,000 ounces per year.
- The importance of a strong geological team and a solid understanding of geology is emphasized when evaluating mining projects.
- There is a noted shift in discipline within the resource industry, with companies focusing more on cash management and ensuring positive outcomes from capital raised.
- Young geologists are advised to concentrate on quality geology and to be open to taking risks in their careers.
FULL
30:00–35:00
- Bob Quartermain highlights the significance of discovery in mining, emphasizing its role in generating long-term value for local communities.
- Dakota Gold collaborates with First Nation partners to reinvest profits back into the local community.
- Quartermain points out that those involved in gold mining tend to think in decades rather than focusing on short-term headlines.
- He cautions that significant gold discoveries are becoming increasingly rare, which could affect future supply.
Loading more...