The David Lin Report Fed To Cut ‘In A Big Way’: Will Market ‘Breakdown’ Follow? | Tavi Costa
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Sep 10, 2025 Tavi Costa, Portfolio Manager at Crescat Capital, predicts a major bull market for gold, silver, and mining stocks is on the horizon. He discusses the overvaluation of tech stocks and anticipates a shift towards commodities and emerging markets as the dollar weakens. Costa also addresses the implications of Fed interest rate cuts on market dynamics and inflation, advising investors to reassess strategies. The conversation highlights the importance of positioning in high-quality mining companies amid evolving economic conditions.
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Institutions Are Just Starting To Allocate
- Institutions are moving from 'self' into 'awareness' and starting to allocate capital to mining and metals.
- Mining cash flows and margins are improving, signaling the very early stage of a multi-year cycle.
Tech Looks Like The Spender Side
- Tech valuations look frothy compared with miners and other earners.
- If tech companies leverage balance sheets, capital may rotate into energy, infrastructure, and materials.
Hold Precious Metals, Focus On Earners
- Do not sell precious metals holdings just because prices have risen; Tavi remains long the space.
- Buy into the industrialization and infrastructure demand that will benefit mining and energy.