Kitco News, Released on 3/11/26

Luke Gromen, founder and president of Forest for the Trees, joins Kitco News Anchor Jeremy Szafron to analyze the macroeconomic fallout from the ongoing closure of the Strait of Hormuz. Gromen explains why the bond market is the real battleground right now and how foreign investors are being forced to sell US Treasuries to finance their energy deficits. The conversation explores shifting global power dynamics, with Gromen drawing direct parallels to the 1956 Suez crisis. He details the vulnerabilities of a 100 year sovereign debt bubble, the potential for an AI driven consumer credit crisis, and why trust in sovereign paper is rapidly declining. As global liquidity risks rise, Gromen highlights why institutions are increasingly treating gold as a final settlement asset and outlines his forecast for gold prices to reach $6,000 by midyear if current geopolitical and energy constraints persist.

00:00 CPI And War Shock
01:21 Bond Market Commander
03:28 Signs Of Stress
04:54 Strait And Oil Sorting
07:25 Dollar System Mismatch
10:50 AI Meets Energy Limits
16:00 Gold As Trust Barometer
18:46 Portfolio For Households
24:33 Bitcoin Quantum And Liquidity
26:08 Private Credit Warning
27:58 Midterms And Strait Outlook
29:55 Actionable Plays And Risks
33:43 Gold Target And Wrap

Luke Gromen is a graduate of the University of Cincinnati and received his MBA from Case Western Reserve University. He earned the CFA designation in 2003. Luke provides strategic consulting services for corporate executives and is the founder of The Forest For The Trees, LLC, a macro/thematic research firm catering to institutions and individuals.

  gold, luke gromen