Jeremy Szafron, Anchor at Kitco News, interviews Tavi Costa, Partner and Macro Strategist at Crescat Capital, who says that commodities are at a turning point with a major breakout coming. Costa explains the latest price moves in gold, silver, oil, and more. He also shares his investment strategy in the current market environment. Costa weighs in on the U.S. economy, geopolitics, and the problematic debt situation in the U.S.

Coverage of PDAC 2024 is brought to you by GoldMining Inc., Uranium Energy Corp, Gold Royalty, and the Uranium Royalty Corp.

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00:00 – Intro: Update on the Gold Market
02:36 – Gold’s Resurgence and Central Bank Demand
04:16 – Bullish Outlook on Gold and Silver
04:45 – Strategies in Mining Investments
08:10 – Inflation, Interest Rates, and Commodity Insights
09:41 – Sector-Specific Opportunities: Energy and Metals
10:53 – Market Dynamics and Geopolitics
13:32 – Rising Debt Levels: Two Scenarios
15:23 – Gold and Bitcoin
17:11 – Global Economic Trends and BRICS Dynamics
21:49 – Investment Strategies for 2024 and Beyond

#gold #goldprices #goldpricetoday #silvermarket #economy #interestrates #crypto #equities #copper #pdac2024
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Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News….(read more)

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Commodities at a Turning Point: Anticipating a Breakout

In recent months, commodities have been garnering increased attention from investors and market analysts alike. With the global economy showing signs of recovery following the disruptions caused by the COVID-19 pandemic, many are looking towards commodities as an attractive investment option. One individual who has been closely monitoring the situation is Tavi Costa, a prominent market analyst known for his insightful commentary on commodities and macroeconomic trends.

According to Costa, commodities are currently at a turning point, with several key factors aligning to potentially trigger a breakout in prices. One of the primary drivers behind this anticipated rally is the significant increase in demand for raw materials as economies around the world ramp up industrial production and infrastructure development. This surge in demand has been fueled by government stimulus measures and a rebound in global trade, both of which have led to a resurgence in commodity prices.

Another factor that could contribute to a breakout in commodities is the ongoing supply chain disruptions and logistical challenges that have plagued various sectors, including agriculture, energy, and metals. These disruptions have constrained supply and led to shortages in key commodities, pushing prices higher. In addition, certain commodities such as copper and lithium have seen increased demand due to their essential role in the transition to renewable energy and electric vehicles, further supporting a bullish outlook for these commodities.

Furthermore, inflation concerns have also been driving investors towards commodities as a hedge against rising prices. With central banks around the world maintaining accommodative monetary policies and injecting liquidity into the financial system, there are growing fears of inflation taking hold. In such an environment, commodities have historically been seen as a safe haven asset that can protect against the erosion of purchasing power.

Looking ahead, Tavi Costa believes that commodities are well positioned for a breakout, with the potential for prices to continue rising in the coming months. However, he warns that investors should remain cautious and vigilant, as commodities can be highly volatile and subject to sudden shifts in sentiment. It is essential to conduct thorough research and due diligence before making investment decisions in this space.

In conclusion, commodities are at a turning point, with a confluence of factors pointing towards a potential breakout in prices. Investors who are looking to diversify their portfolios and capitalize on the opportunities presented by commodities would do well to heed the insights of experts like Tavi Costa, who have a keen understanding of the market dynamics at play. As always, it is important to approach commodity investing with caution and a long-term perspective to navigate the inherent risks and uncertainties in this asset class.