McAlvany Weekly Commentary

AI Bubble Seeing Big Cracks, Google Drops 13.3% In A Day Semiconductor Index Getting Crushed Gold & Silver Short Term Vulnerable But Mid To Long Term A Raging Bull “You look at the chaos and the deterioration of trust within the financial markets. Not just the financial markets. You’re talking about international institutions that are […]

The U.S. is borrowing and refinancing more than $500 billion in just three days. This week, we discuss what that pace means for the dollar, why gold gets sold when investors need cash, and the risks building in AI stocks. We also look at gold’s return to global trade as countries find ways to settle […]

Central banks continue to accumulate gold, with 84% expecting gold reserves to grow over the next five years. Meanwhile, cracks are forming in the AI trade, and the Fed’s traditional monetary tools aren’t working as expected. This week, we look at shifting capital flows, China’s continued gold buying, and what these trends could mean for […]

David McAlvany looks at the growing strain in global bond markets and why investors are beginning to worry about more than just inflation. The discussion also covers the risks of hedge fund leverage, foreign money flowing into U.S. markets, and why questions about government solvency could make physical gold increasingly important. Thanks for listening. “Now […]

The AI buildout needs trillions of dollars, and borrowing costs are climbing. This week, David McAlvany looks at whether AI revenues can keep up with the debt, why the speed of rising rates matters, and the case for holding cash and gold while waiting for better prices. 10 Year Treasury Accelerates To 5.3% Pressure & […]

The AI boom is making enormous promises. But can the power supply, infrastructure, and revenues keep up with the debt being used to finance it? This week, David McAlvany examines the risks behind a projected $10 trillion AI buildout, from construction delays and rapidly outdated chips to revenue assumptions that leave little room for error. […]

New research suggests China may hold far more gold than its official figures show, while its U.S. Treasury holdings continue to fall. This week, we discuss rising fuel costs and bond yields, the Fed’s latest rate hike, and why stock investors seem largely unfazed. We also look at troop movements in Europe, warnings from Poland, […]

Trump To Warsh: Be A Patriot & Lower Rates Bond Market To Warsh: Raise Rates Or Face The Consequences Take Your $5,000 Trump Dividend & Buy An Ounce Of Gold China is now on its 22nd straight month of gold buying, even as prices climb and central banks continue adding to their reserves. David McAlvany […]

Financial Conditions Have Not Been This Loose In 5 Years Mag 7 Now Being Called The “Lag 7” Dutch Government Wants Its Gold Repatriated From U.S. To London Financial conditions are the loosest they have been in five years, risk markets remain comfortable, and investors are still borrowing aggressively to stay long. At home, the […]

Jack Gamble of @NobodySpecialFinance joins David McAlvany to follow the money behind the AI boom. Jack examines the circular financing connecting Nvidia, CoreWeave, OpenAI, Microsoft, and others, along with massive data center spending, GPU depreciation, mounting debt, and the constant need for new capital. AI may prove transformative, but does that mean today’s investments will […]