Kitco News, Released on 7/24/24

Jeremy Szafron, Anchor at Kitco News, interviews Tavi Costa, Partner and Macro Strategist at Crescat Capital, on the future of the U.S. dollar, sovereign debt concerns, and the implications for global markets. Costa discusses his bearish outlook on the dollar, driven by rising debt levels and long-term fiscal sustainability issues. They dive into the potential for significant rate cuts by the Federal Reserve to manage debt payments and the impact on commodity prices, particularly gold and silver. Costa also shares his insights on the next big opportunities in the commodities market amidst current economic volatility.

00:00 – Introduction
00:31 – Welcoming Tavi Costa
01:01 – Bearish View on the U.S. Dollar
04:16 – U.S. Fiscal Exceptionalism and Future Implications
07:02 – Federal Reserve and Inflation Management
09:24 – Impact of Dollar Depreciation on Commodities
12:09 – Gold Market Positioning and Mining Industry Insights
17:22 – Future Opportunities in Commodities
21:02 – Metal Prices and Earnings Insights
25:38 – Closing

Tavi Costa is a partner and portfolio manager at Crescat Capital and has been with the firm since 2013. He built Crescat’s macro model that identifies the current stage of the US economic cycle through a combination of 16 factors. His research has been featured in financial publications such as Bloomberg, The Wall Street Journal, CCN, Financial Post, The Globe and Mail, Real Vision, Reuters. Tavi is a native of São Paulo, Brazil and is fluent in Portuguese, Spanish, and English. Before joining Crescat, he worked with the underwriting of financial products and in international business at Braservice, a large logistics company in Brazil. Tavi graduated cum laude from Lindenwood University in St. Louis with a B.A. degree in Business Administration with an emphasis in finance and a minor in Spanish. Tavi played NCAA Division 1 tennis for Liberty University.

  Biden, tavi costa, us dollar