Kitco NEWS – Détails, épisodes et analyse

A "profound reversion cycle" is here, and the fourth quarter could set the tone for the next few decades, warns Mike McGlone, Senior Macro Strategist at Bloomberg Intelligence. McGlone tells Kitco News' Jeremy Szafron that gold's "scary" rally toward $4,000 is a major warning sign for the broader economy, pointing to a massive shift into gold ETFs this year after four years of outflows.

McGlone cautions that with stock market volatility near five-year lows, even a minor reversion could cause the "dominoes to tumble" for risk assets. He explains why he believes industrial commodities are vulnerable, forecasting that crude oil is in a "low price cure trajectory" that could see it revert toward $40 a barrel. He also explains why copper's rally is at risk and why silver may continue to lag gold due to its industrial properties. Finally, McGlone breaks down why Bitcoin's correlation to the stock market is at its highest ever, making it a clear risk-on asset in this environment.

Recorded September 30, 2025

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Market veteran Clem Chambers issues his most important forecast of the year in this exclusive Kitco News interview. He argues that the world is on the verge of the "biggest economic boom since they invented the steam engine," driven by the AI revolution, and reveals how he is positioned to take advantage of it.

However, he also delivers a stark warning for the crypto market, predicting an imminent "crypto winter" that could send Bitcoin back to the $40,000-$60,000 range, and identifies a group of companies he believes "will be the FTXs of this cycle".

In this wide-ranging conversation with Kitco News Anchor Jeremy Szafron, Clem gives his specific price targets for Gold and Silver, details the strategic importance of Platinum and Palladium, and explains why he believes a recent merger in the copper market is like "being given an insider trade".

Interview recorded on Friday, September 26, 2025.

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It has been a week of extreme volatility and conflicting signals for the precious metals market. After gold futures surged past $3,800 to a new all-time record and silver smashed through $45, a blockbuster U.S. GDP report sent the dollar soaring and knocked metals back from their highs.
In this environment of peak uncertainty, where the economic data is unreliable and even the Federal Reserve is openly disagreeing with itself, what do the charts say is next?

Jeremy Szafron is joined by one of the best technical analysts in the business, Gary Wagner of TheGoldForecast.com, for a deep dive into the technical picture. Wagner declares that the market's strength is "exceedingly strong," with dips being bought aggressively, and that the bullish case remains firmly intact. He gives his specific timeline for $4,000 gold, explains why silver's breakout to $45 is the most significant in years, and reveals the one signal that would tell him the rally is finally over.

Recorded September 25th 2025

Key Forecasts from Gary Wagner:

-Gold Price Target: "We'll definitely see $4,000 by the first or second quarter of next year... It's not if, but when".
-Silver Price Target: The all-time high around $50 is an "absolutely" realistic possibility this year.
-Market Strength: "What is the most impressive aspect... is rather than it correcting... we're seeing sideways action or consolidation... that is a sign of strength".
-On the "Overbought" RSI Signal: A market can stay overbought for a long period "especially if the fundamentals driving prices higher... are not diminishing".
-The Invalidation Signal: The bullish trend is intact until we see "more than two days in a row of a correction".
-The Fed's Dilemma: The Fed is in a "quandary" and a "precarious place," forced to battle a weak labor market and persistent inflation at the same time.

00:00 - Intro: Gold Hits Record $3,800 vs. a 3.8% U.S. GDP Report
01:00 - Kitco Poll: 73% of Viewers See Gold Above $4,000
01:50 - Reviewing Gary's Last Forecast (Metals HIT, Dollar MISS)
02:15 - Gary Wagner's U.S. Dollar Analysis: Resistance at 100
04:10 - Gold's New All-Time High ($3,823): Why Consolidation is a Sign of Strength 06:15 - Has Volume Confirmed Gold's Breakout?
07:28 - Gary Wagner's Key Support Level for Gold ($3,700)
08:10 - The Fed's "Quandary": Fighting Inflation & a Weak Labor Market
12:20 - Gold's RSI Most Overbought Since 1980: Bullish or Bearish?
15:25 - Gold Price Forecast: Gary Wagner's Timeline for $4,000
16:00 - Silver Price Forecast: "A Solid Breakout Like We Haven't Seen in Years" 17:10 - Is $50 Silver

#gold #silver #investing #federalreserve #goldprice #silverprice #economy

A new commodity supercycle is here, according to Saxo Bank's Ole Hansen. In this interview, he declares we are at the "cusp of an energy transition super cycle"  while breaking down the immediate supply shocks gripping the copper market today. Kitco News Anchor Jeremy Szafron sits down with Ole Hansen to get his detailed outlook on the precious metals. Hansen explains why gold could see a deep but healthy correction to the $3,600 level without hurting the overall bull market setup. He makes the case for $50 silver, revealing that he likes it "even a bit more than gold" because it can run faster.

The conversation also dives deep into the "perfect storm" driving platinum, the year's top performer, and why natural gas is "dirt cheap" and its low price is "not going to last". Hansen also reveals the one risk that could keep him awake at night: a loss of market confidence in the Federal Reserve.

(Recorded September 24, 2025)

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00:00 - Intro: A Market of Conflicting Signals
01:10 - U.S. Economy: Is the Housing Surge a Blip?
02:48 - COPPER SHOCK: Freeport Declares Force Majeure
07:21 - GOLD: A Healthy Correction to $3,600?
09:16 - Why Institutions Are Still Underweight Gold
14:36 - SILVER: The Case for $50
18:07 - PLATINUM: Inside the "Perfect Storm"
22:11 - The PGM Substitution Story: Platinum vs. Palladium
24:36 - CRUDE OIL: Disconnected and "Living on its Own Planet"
31:59 - The "Energy Transition Supercycle" Has Begun

After a $1.8 billion liquidation event rocked the crypto derivatives market, Swan Bitcoin CEO Cory Klippsten joins Kitco News Anchor Jeremy Szafron for a deep dive into the forces driving the market. Klippsten provides a masterclass on the Bitcoin thesis, arguing that the recent volatility is "not a big deal" and that his long-term price targets of $10,000 Gold and $1 million Bitcoin remain firmly intact.

He dismisses the rise of corporate Ethereum treasuries as "just marketing" and argues that staking ETH is "stupid" when the asset is devaluing against Bitcoin. Klippsten also breaks down why he believes the Bitcoin cycles are dampening but not over, and gives his take on the new "crypto-friendly" SEC, the threat of a Digital Euro, and why he believes Bitcoin will eventually surpass Gold's market cap.

During the interview, Cory referenced his in-depth research on the diminishing effects of the Bitcoin halving. For viewers who want a deeper dive into the data and his analysis, you can find the research paper he mentioned at the link below:
 ➡️ Read the full research here: (https://www.swanbitcoin.com/analysis/...)

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Axel Merk, Founder and CEO of Merk Investments, declares that we are in the "single greatest margin expansion opportunity for the mining sector in a generation" in this exclusive interview with Kitco News Anchor Jeremy Szafron. Merk, whose firm has over $2.9 billion in assets , dives deep into the historic breakout in gold and silver, arguing that the Federal Reserve's policy of "foaming the markets" will continue to fuel the rally in hard assets.

He also makes a significant call, naming former Fed Governor Kevin Warsh as the ideal candidate for the next Fed Chair to "reform the Fed in earnest". Merk gives his outlook on the juniors, the majors, and explains why he believes "institutional participation is still modest", providing a major catalyst for the sector. Finally, he unpacks the historical parallels to the 1929 market crash, providing a unique context on the policies of Presidents Coolidge and Hoover that every investor needs to hear.

(Interview Recorded: September 22, 2025)

Kitco News Anchor Jeremy Szafron sits down with one of the world's most respected economists, former IMF Chief Kenneth Rogoff, for a stunning interview about the future of the U.S. dollar. As central banks buy gold at the fastest pace in modern history , Professor Rogoff, author of the new book 'Our Dollar, Your Problem,' explains why the dollar's "days are numbered."

In this wide-ranging discussion, Rogoff tells Jeremy Szafron why he believes the Federal Reserve is "under assault" - a structural problem in US politics that will inevitably lead to higher inflation. He also declares that "the Chinese crisis is here" , explains why the US is vulnerable to a Japanese-style inflation shock , and reveals why he believes "gold is the new gold."

Guest: Kenneth Rogoff
Harvard University Professor
Former Chief Economist, International Monetary Fund
Author, "Our Dollar, Your Problem" and "This Time is Different" 

This interview was recorded on September 16, 2025.

Peter Schiff warns that a "great repricing" is underway and the Federal Reserve is about to make its "biggest error yet" in the face of a U.S. sovereign debt crisis. In this exclusive interview with Kitco News Anchor Jeremy Szafron, Schiff explains why this crisis won't be like 2008 and what it means for the U.S. dollar, gold, and your savings.

Schiff argues that the entire gold and silver rally, which has seen both metals hit multi-year highs, has been driven by central banks, not retail investors. He reveals that sales volume from "stackers" is nowhere near previous peaks and explains what will happen when the public finally rushes in. He also directly refutes claims made by the U.S. Treasury Secretary about the performance of U.S. bonds, explaining why foreign investors are facing significant losses and are now selling their U.S. debt.

Finally, Schiff gives his forecast for a potential financial panic, including the government's likely response of capital controls, and discusses the risk of nationalization for gold miners and confiscation for physical gold owners.

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This interview was recorded on September 16, 2025.

The U.S. government is officially shut down, sending gold to a new all-time high near $3,900 an ounce. At the same time, Bitcoin is surging past $117,000 as major news breaks that could reshape the future of digital assets. In Singapore, a firm co-founded by Donald Trump Jr. announced plans for a crypto debit card, while in Washington, the IRS issued guidance that gives a green light for mass corporate Bitcoin adoption.  

Is this the moment the "hard asset" thesis goes mainstream? Are we witnessing the decay of one system and the rapid construction of a parallel economy, all in the same 24-hour news cycle?

In this essential market update, Kitco News anchor Jeremy Szafron is joined by Emmy-award winning journalist and host of the Coin Stories podcast, Natalie Brunell, to connect the dots on a truly historic day. Natalie breaks down why Washington's "spending problem" is a primary driver for both gold and Bitcoin, what the IRS tax ruling really means for corporate treasuries, and whether nation-states are already secretly adding Bitcoin to their reserves.

Recorded October 1 2025

Gold continues above $4,200, and silver has surged past $53, but Scottsdale Mint CEO Josh Phair says this is only the beginning. “If you take the foreign debt of the United States, not domestic debt, but foreign debt, and its stated gold holdings, that number’s over 30,000,” he tells Kitco News Anchor Jeremy Szafron. “It’s already hit it twice in my lifetime. Why couldn’t it do it again?”
Phair calls this the Phair–Sinclair Ratio, inspired by legendary trader Jim Sinclair’s model that predicted past gold bull markets. He believes the same imbalance between debt and gold is now driving a historic repricing of real assets.

“We’re in a metal war,” Phair warns. “Whoever controls the metal will win the energy race, the AI race, and the military race.” Refineries face “four to six month backlogs,” silver is being “flown across the Atlantic,” and lease rates have surged “as high as 85 percent.”

He adds that the scramble for physical metal has gone geopolitical. “You’ve got one price for deliverable metal in Dubai or Shanghai and another for London and New York.” Phair says the world is already splitting into “a bifurcated trade, two worlds, think Axis and Allies,” as nations repatriate gold and rebuild vault networks outside the Western system.

(Recorded October 16, 2025)