McAlvany Weekly Commentary

The discussion dives deep into the extreme S&P valuations and market risks tied to low dividend yields. A fascinating analysis reveals how speculative manias in AI stocks and Bitcoin mirror the S&P's trends. The guests explore the potential peak in the Dow using Fibonacci projections and discuss the long-term outperformance of gold versus equities. They also highlight the implications of a declining dollar, the risks associated with AI investments, and the importance of prioritizing safety in current portfolios.

This week on the McAlvany Weekly Commentary, David McAlvany interviews technical analyst Michael Oliver, founder of Momentum Structural Analysis (MSA), about what he describes as the most important chart in global markets today: the long-term gold vs. S&P 500 spread. According to Oliver, this relationship has now broken decisively, signaling a major structural shift that […]

This discussion delves into the intriguing relationship between Bitcoin and the stock market, revealing its correlation as a risk asset rather than a hedge. The hosts explore troubling parallels between current private credit risks and pre-2008 leverage. They highlight gold's enduring appeal amidst uncertainty and China's covert gold acquisitions. Additionally, they argue for hard assets like copper and emphasize the value of silver, forecasting significant price increases. Practical investment strategies and the implications of limited energy supply also feature prominently.

AI Providers Begging For Money & Energy Wall Street Chief Strategists Recommending Gold In Place of Bonds Register For Our Webinar – Click Here “The revolution in AI is unlimited by the imagination, but very limited in the physical world. Then, energy demand outstripping supply, I think that alone flips the script on the AI […]

Doug Noland, a seasoned market analyst and publisher of the Credit Bubble Bulletin, shares his insights on late-cycle dynamics. He discusses how Cayman Island hedge funds have emerged as major holders of U.S. Treasuries and the potential risks tied to debt bubbles. Noland warns of the dangers posed by corporate subprime credits and the implications of the AI investment boom. He highlights how complacency among risk takers can swiftly turn into market panic, emphasizing the rising demand for precious metals as a hedge against systemic risks.

Explore how recent failures in major brands have ignited fears of a looming financial crisis. Delve into the implications of government debt prioritizing financing over price stability, risking inflation. Discover the potential dangers of rising margin debt and leveraged ETFs in the market. Learn why insurance companies may transform into shadow banks, amplifying systemic risks. Finally, consider the possible repercussions of unresolved credit stress spreading from peripheral markets to core areas.

Gold & Silver’s Gains Correcting Down This Week Long Term Monetary Regime Change Points To Much Higher Gold The Case for a New Price Reality – Latest Hard Asset Insights “The nature of gold being the anti-fragile asset for every investor because we’re all dealing with the same things. By the way, we topped 650,000 […]

Silver Demand In Form Of ETFs Spikes Causing Market Mayhem Golden Opportunity To Accumulate 90% Silver Coins Silver Lease Rate Soars To 200% “Just count the stuff that’s coming from the US. 180 tons of silver suggests that this is now more normal pricing. The spot market and futures market come into more standard relationship. […]

Delve into the intriguing shift where investors view gold as a safer bet than the dollar, raising concerns over currency trust. High-frequency trading has transformed markets, deepening reliance on cheap credit. Explore if we’re nearing the end of the equity bull market and how public sentiment toward gold is both bullish yet limited. Central banks are buying gold, impacting price support amid global debt dynamics. The discussion delves into protecting wealth in turbulent times and considers the implications of potential government responses like inflation.

Join Bill King, a seasoned macro commentator with decades in trading, as he dives into today's economic landscape. He explores striking parallels between current inflation and the 1970s, fueled by political spending from both Biden and Trump. China’s voracious gold purchases take center stage as a response to economic pressures. Bill also shares investment strategies, advocating for gold in portfolios and analyzing the end of a long bond supercycle. His insights on geopolitical risks and asset price trends make for a fascinating discussion!