McAlvany Weekly Commentary

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

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 loo

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 questi

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

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 del

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 Feds latest rate hike, and why stock investors seem largely

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 b

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

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,

This week we look at Scott Bessent’s efforts to keep foreign buyers like Japan invested in U.S. Treasuries, the growing likelihood of financial repression, and why investors like Stanley Druckenmiller are pushing back on the direction of fiscal and

James Rickards joins David McAlvany to discuss the growing fault lines beneath global markets, including the yen carry trade, pressure in the Treasury market, geopolitical risk, and why he believes gold’s bull market is far from over. They also explore Ri

This weeks show is built entirely around questions from our audience. David McAlvany discusses Fort Knox, the possibility of a deliberate dollar devaluation, and how Washington may ultimately deal with the national debt. He also examines why gold has con

If the Federal Reserve cannot bring inflation back to 2%, could it simply change how inflation is defined? This week, David McAlvany explains why a new inflation framework might improve the official numbers without changing the prices people actually pay.

This week, David returns to several of the unanswered questions submitted during our June 17 webinar, covering inflation, the dollar, gold, and how investors should think about positioning in a changing market. They also examine the massive debt burden bu

In this special edition of the McAlvany Weekly Commentary, we revisit highlights from our June 17, 2026 McAlvany Wealth Mangement webinar, When Old Assumptions Fray: Positioning for the New Market Order. David McAlvany examines why the assumptions that sh

The French Revolution offers a profound lesson in what happens when monetary disorder becomes a political crisis. Meanwhile, artificial intelligence is “transforming” the economy, but many households are still struggling with the cost of every

Quiet summer markets may offer one of the best opportunities to steadily accumulate gold and silver. China imported 692 tonnes of gold during the first five months of the year, a 76% increase over last year. Meanwhile, Samsung shares are taking a hit as m

This week on the McAlvany Weekly Commentary, David McAlvany looks at the growing use of the Chinese yuan in world trade and why that trend may be bullish for gold. As more countries look for alternatives to the dollar, gold recycling may begin to matter m

Dave Allman joins the McAlvany Weekly Commentary to discuss the technical analysts who helped shape his market thinking, including Joseph Granville and Robert Prechter, two influential figures in the history of technical analysis. This week’s highlights:

This week, David McAlvany looks at new Fed Chair Kevin Warsh and what his leadership may mean for rates, inflation, the Feds balance sheet, and Americas growing debt problem. He also asks whether a new Fed regime can really Warsh away years of monetar

Hot Money (Fickle Money) Absent From Gold Market Central Banks Providing A Structural Bid In Gold Register For The June 17 Webinar “Under the surface of the markets, there’s a lot happening. If you’re looking at where the Dow, the S&

In this weeks commentary, David McAlvany looks at the massive spending behind AI and asks where the more durable opportunity may actually be. Goldman Sachs is calling it HALO: heavy assets, low obsolescence. Rather than chasing the front end of the AI tr

Gold and silver appear to be reaching a major inflection point as central banks continue their aggressive accumulation of gold. While general investors have been slow to follow, that may be changing as confidence in paper assets begins to weaken. This wee

J.P. Morgan, Goldman Sachs Call For Gold To Be Between $5400-$6300 By Year End Inflation (Not-Transitory) Now Above Target For More Than 5 Years Bank Of America Predicts Silver/Gold Ratio Possibly In The 30s

A New Global Reality Is Appearing In Commodities Putin Feeling The Pressure To End War With Ukraine Government Policy, Not Investor Speculation, Gobbling Up The Gold This week, David McAlvany looks at the forces reshaping commodities, the growing pressure