1. The Bond Market Is Showing Signs of Stress — 00:00–06:08

Danny opens by highlighting the sharp rise in U.S. and Japanese long-term bond yields. Adrian argues that this isn’t simply a normal rate-market fluctuation: long-term government bonds are fundamentally in trouble.

His core argument is that traditional long-term buyers—insurance companies, pension funds, foreign governments and major institutions—are increasingly unwilling to hold government debt at current yields, particularly as government indebtedness continues to rise. Japan is an important example because Japanese investors can now earn substantially higher domestic yields while avoiding currency risk.

The result is a basic supply-and-demand problem: government debt issuance is increasing while the pool of willing long-term buyers is shrinking, pushing yields higher.

Adrian also argues that recent government interventions in currencies and bonds have had only temporary effects. The Japanese yen intervention, for example, produced a sharp move that quickly faded. His conclusion: one-off interventions generally cannot overpower underlying market forces.

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Executive Summary — Danny & Micah Haince

Video length: 47:08

00:00–05:55 — Rising Treasury Yields Could Signal a Much Bigger Problem

Micah opens by discussing the surge in the U.S. 10-year Treasury yield and argues that rising yields are particularly dangerous given the U.S. government’s enormous debt burden. He believes higher borrowing costs will increasingly squeeze consumers, businesses, and the federal government, potentially creating a recessionary—or even depressionary—environment.

Micah describes the current situation as an “everything bubble”, with elevated valuations in stocks, housing, and bonds simultaneously vulnerable to correction. He argues that investors should think proactively rather than waiting for a crisis before repositioning their portfolios.

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Disclaimer:

The content provided in this video is for informational purposes only and does not constitute financial advice. Viewers are encouraged to conduct their own research and consult with a qualified fi…

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Executive Summary — Chris Macintosh on CapitalCosm

Interview length: ~50:32

Chris Macintosh joins Danny for a concept-heavy discussion about probability, market psychology, AI-driven market concentration, pension portfolios, debt, gold, and how investors can position for what he believes is an inevitable reversal of today’s extreme market conditions. Rather than trying to predict the exact timing of a crash, Macintosh repeatedly emphasizes thinking in terms of probabilities, position sizing, and discipline.

1. Certainty is the fuel of bubbles — 0:20–4:15

Macintosh opens with one of the interview’s central ideas: investors are attracted to certainty, even though markets operate in probabilities. He argues that periods of extreme certainty help create bubbles because businesses and market participants compete to tell increasingly bullish stories.

He applies this directly to the current AI boom, comparing today’s certainty around AI to the certainty surrounding the dot-com era. Huge AI investments can themselves become perceived as evidence that the investment thesis is correct, creating a self-reinforcing cycle of capital and confidence.

His warning is that many apparently enormous deals are effectively promises based on future events rather than tangible value. The resulting fear of being left behind pushes investors into crowded trades.

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Executive Summary

1. Gold, precious metals & the possibility of a sel…

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Join my NEW Channel DannyCosm HERE: ‪@DannyCosm‬

Executive Summary

1. Rising financial and market risk

~12:36–13:16

One …

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Executive Summary — Don Durrett Interview

Video length: ~52:45
Guest: Don Durrett
Host: Danny, CapitalCosm

This interview is fundamentally a bullish long-term case for gold, silver, and especially mining stocks—but with a major near-term warning. Don Durrett argues that the precious-metals bull market may be entering its most explosive phases, yet investors could still see a significant correction before the next major leg higher.

The conversation moves from the immediate outlook for gold and silver, to the bond market and Fed, a potential debt “doom loop,” the possibility of a future currency reset, and finally Don’s strategy for finding mining stocks capable of becoming 5-, 10-, or even 20-baggers.

1. Has the next leg of the gold & silver bull market started? — 00:01:43–00:07:49

Don begins by dividing the current precious-metals bull market into different “legs.” He believes Leg One began with silver breaking above $35 in August 2025 after a decade-plus correction. The key question is whether Leg Two has now begun.

While many technical analysts believe the bottom is firmly in, Don is less certain. He warns that the market is currently entering a seasonally difficult period and identifies several potential catalysts for a stock-market correction:

• The ongoing Iran conflict and resulting energy pressures

• Extremely elevated diesel crack spreads

• Rising Treasury yields

• The possibility of the 10-year Treasury reaching 5%

• The enormous capital being poured into AI

• Concerns over whether AI investments can actually generate sufficient returns

His warning is important: even if the larger gold/silver bull market is intact, gold could potentially fall back toward $4,000–$4,200 and silver toward $60–$62 before the next major advance.

Don’s base case is that the bigger opportunity arrives later in the year, once the negative seasonal period passes.

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Executive Summary — Michael Oliver on CapitalCosm

Interview length: ~39:53

Michael Oliver delivers an exceptionally bullish outlook for gold, silver, and especially precious-metals miners, arguing that the market is entering a new phase of the bull market driven less by geopolitical headlines and more by currency degradation, government-debt problems, institutional asset reallocation, and a major shift toward commodities.

The central message is that the miners may be at the beginning of an explosive relative-performance move, while silver could experience an even more dramatic repricing.

00:01–00:07 — The miners may be breaking out of a 13-year valuation trap

Oliver begins with his miners-versus-gold spread, comparing the value of gold-mining equities with the price of gold.

Historically, miners traded at substantially higher valuations relative to gold. After 2008, however, the relationship collapsed and remained depressed for roughly 13 years. Oliver argues that the miners have now broken above the upper boundary of that long-term base.

His key implication: if the miners return merely to the lower end of their historical multi-decade valuation range, their valuation relative to gold could double. But because Oliver expects gold itself to continue rising, the potential absolutemove in miners could be substantially greater than 2×.

He describes this as a “table pounding technical” setup and says the next six months to one year—particularly the remainder of 2026—could be dramatic.

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Executive Summary — Gareth Soloway Interview

Video length: 28:40

Gareth Soloway delivers a broadly bearish warning on the U.S. debt and bond-market situation while remaining tactically bullish on gold and cautious on several other major assets. The central theme is that the government and Federal Reserve may be losing their ability to control long-term interest rates, creating a potentially dangerous new market regime.

1. The $1 Trillion TGA Problem — The Bond Market May Be Losing Faith

00:01–06:43

Danny opens by discussing reports that the Treasury could potentially tap up to $1 trillion from the Treasury General Account (TGA) to support long-term bond buybacks. Soloway argues that the move reveals growing concern within the government over elevated yields and the enormous cost of servicing approximately $40 trillion in U.S. debt.

The key concern is that even a $1 trillion intervention is relatively small compared with the roughly $6 trillion of debt that needs to be rolled over. Soloway argues that previous interventions have failed to meaningfully push long-term yields lower, suggesting that the Treasury and Fed may be losing influence over the long end of the yield curve.

He describes QE and bond-market intervention as “drugs” that may no longer be producing the desired effect. If authorities can no longer suppress yields effectively, Soloway believes markets could become substantially more volatile, potentially producing another 2008–2009-style crisis.

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Interview length: approximately 48:56

00:00–08:12 — Treasury Intervenes in the Bond Market

Danny opens with breaking news that the Treasury could tap nearly $1 trillion from the Treasury General Account (TGA) to fund bond buybacks. The discussion quickly centers on whether government intervention can actually stabilize the U.S. bond market.

Bob argues that previous interventions—including a roughly $4 billion buyback—only stabilized bonds temporarily. He compares the policy to moving a $100 bill from one pocket to another: the underlying problem has not changed. With roughly $6 trillion of bonds needing to be recycled, Bob argues that $1 trillion is ultimately inadequate.

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Interview length: ~50 minutes

Danny sits down with Patrick Karim and Kevin Wadsworth of Northstar Bad Charts for a technical, probability-driven look at where yields, gold, silver, miners, oil and the broader markets could be headed. The central theme throughout the interview is not to predict with certainty, but to wait for confirmation from the charts and position around high-probability setups.

1. Global yields are breaking higher — and the implications could be enormous

00:00–08:35

The discussion opens with the striking rise in global bond yields despite recent attempts to influence the Treasury market. Patrick emphasizes that investors shouldn’t get distracted by individual headlines or political actions: the chart reflects the larger forces already in motion.

They point out that yields across major economies—including Japan—have been moving together. Patrick argues that the broader trend remains upward and compares the current setup with the 1960s and 1970s, when yields experienced major corrections but ultimately continued higher.

The major technical call is particularly provocative: the U.S. 10-year yield could eventually reach 6.5–7%, with an even more extreme possibility around 9% if the measured move fully plays out.

They also argue that attempts at yield-curve control could ultimately make the problem worse by creating additional distortions and potentially fueling commodities and risk assets.

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Executive Summary — Gerald Celente Interview

Video length: 47:49

Gerald Celente delivers a highly bearish outlook on the global economy, arguing that a combination of excessive debt, monetary manipulation, geopolitical conflict, AI-driven speculation, energy shortages and escalating war risks could produce a market crash far worse than previous downturns. The central theme is that the problems are interconnected—and that investors may be underestimating how quickly they can cascade.

00:01–00:08 — Treasury Buybacks, Debt & the “Death of the Dollar”

The interview opens with the U.S. Treasury’s $4 billion buyback operation and whether it effectively represents yield-curve control. Celente argues that the operation is not solving the underlying problem and points to what he sees as the enormous scale of U.S. government obligations.

He frames the growing debt burden, Treasury intervention and geopolitical instability as signs of what he calls the “death of the dollar.” He also accuses policymakers of attempting to influence markets through statements about Treasury purchases and the Strait of Hormuz.

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00:00–05:50 — Gold breakout and the “debt-collapse turbo juice”

Francis opens by connecting the day’s Treasury announcement and increased liquidity support to what he sees as a much larger structural problem: a debt-based fiat system increasingly requiring intervention. He explains that his trading setup had positioned him long gold before the latest move, with gold subsequently breaking sharply higher. His core argument is that the next phase of the gold bull market is not primarily about conventional interest-rate expectations—it is about debt distress and currency debasement.

He argues that rising rates under a strong economy are very different from rising rates caused by financial distress. In his view, markets are increasingly treating debt itself as the problem, making gold the key “anti-fiat” asset. He also believes crypto could eventually follow gold as another anti-fiat trade.

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Video length: 32:24

This interview with Lobo Tiggre focuses on the increasingly important relationship between surging global bond yields, monetary debasement, gold and silver, mining stocks, uranium, and the possibility of a broader market correction.

1. Global bond yields are becoming a threat to risk assets — 0:00–5:05

Danny opens by highlighting the simultaneous rise in bond yields across the U.S., Japan, and Europe. Lobo argues that higher yields can directly pressure risk assets because investors may begin asking why they should own equities when supposedly “risk-free” assets offer increasingly attractive returns.

He sees the return of the “bond vigilantes” as particularly significant. Markets may be challenging governments’ ability to pursue aggressive spending and monetary policies without consequences.

For miners, Lobo believes higher oil prices may ultimately matter more than higher financing costs, because mining remains heavily dependent on diesel for trucks, generators and other equipment.

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Guest: Andy Hoese, Finding Value
Host: Danny, CapitalCosm
Interview length: approximately 1:12:15

Executive Summary

Andy Hoese presents a strongly bullish long-term thesis for gold, silver, energy and commodities, arguing that the market is undergoing a major rotation of capital away from bonds and eventually equities and toward hard assets.

His central framework is built around rising interest rates, persistent inflation, weakening confidence in bonds, currency shifts and the movement of money between asset classes. Rather than viewing higher rates as automatically bearish for precious metals, Andy argues that an environment in which rates continue rising can actually become a powerful tailwind for gold, silver and commodities because investors and countries become increasingly unwilling to recycle capital into bonds.

00:01 — The Bond Market Is Sending a Warning

The interview opens with the 2-, 10- and 30-year Treasury yields. Andy points to breakouts across the yield curve and argues that the pattern suggests an increasingly inflationary environment. He sees rising yields as evidence that investors are demanding more compensation for inflation and are becoming less willing to hold bonds.

He then broadens the argument globally, discussing rising yields in Germany and Japan, weakness in the Japanese yen and corrections in major Asian equity markets.

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Executive Summary — Chris McIntosh Interview

Video length: 55:24

This interview with Chris MacIntosh, publisher of the Capitalist Exploits Insider, presents a highly contrarian view of the current global financial system. The central thesis is that investors should stop obsessing over identifying the precise “trigger” for a crisis and instead focus on structural problems, probabilities, capital flows and positioning that gives them time. McIntosh argues that the bond market, private credit, AI-related equities and Western fiscal structures are all showing signs of significant structural stress.

00:00–05:21 — Stop Looking for “The Trigger”

McIntosh opens with a warning about the way investors think about crises. Rather than trying to predict the single event that will finally break a market, he believes investors should study the underlying structure and probability.

He uses Michael Burry as an example: Burry was ultimately correct about the housing market, but many other investors who recognized the same structural problem were wiped out because they were too early, overallocated and unable to survive long enough for the thesis to play out. The lesson is to construct positions where time works for you rather than against you.

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With gold and silver having such a wild run this year, I want to start doing regular high-level technical analysis videos on individual mining companies — and I want your input on which names to cover first.

Whether it’s a major producer you’re holding, a junior explorer you’ve been eyeing, drop it in the comments with:

1. Company name and ticker

2. Why you’re interested (are you holding it, considering a position, or just curious about the chart?)

3. Anything specific you want covered — key support/resistance, comparison to peers, etc.

I’ll be picking names from your submissions for an upcoming video.

DISCLAIMER: this would be very high level, and probably no more than a minute on each company. And of course, nothing I talk about should be construed as investment advice. I’m not a financial advisor. These are just my thoughts - which could be totally wrong.

Video length: 24:55

00:00–04:28 — Gold’s breakout: real move or false breakout?

Danny brings Kasper back after Kasper’s previous call correctly anticipated gold’s breakout. Kasper argues that the long period of sideways consolidation around the $4,000 level was the “eye of the storm,” and the inability of bears to push gold below that area is significant. He believes $4,000 is now a major floor, barring a major stress event such as sharply higher rates or oil prices.

Kasper expects gold to move toward roughly $4,500, potentially followed by a temporary pullback toward $4,300–$4,200. Importantly, he says such a pullback would not invalidate the bullish setup—it could be the third touch of a larger bull flag before another major move higher.

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Guest: Peter Krauth
Host: Danny, CapitalCosm
Interview length: ~36:45
Core theme: Silver may be entering a new phase where structural supply deficits, depleted inventories, rising industrial demand, and a potentially favorable monetary environment could create a powerful setup—not just for silver itself, but potentially for silver mining stocks.

00:00–07:10 — Silver Is Catching Up to Gold

Krauth opens with a bullish but measured assessment of silver. While gold has already broken out from its consolidation pattern, silver has yet to fully confirm the move. He believes silver is starting to catch up, with the summer bottom around $55 fitting historical seasonal patterns.

He argues that the recent correction should be viewed in perspective: silver was around $37 a year earlier and is now roughly 80% higher, despite having fallen sharply from its January blow-off top around $120.

One of the most important technical observations is that $55, previously resistance, appears to have turned into support. Krauth sees this as constructive evidence of a continuing bull market.

However, he remains cautious until silver convincingly moves above its 200-day moving average around $71–$72. If silver breaks above that level and holds for several days, he believes the probability of another major move higher increases substantially.

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Video length: 45:54

This interview with Alasdair Macleod presents a deeply bearish view of the global monetary and financial system, while making a strongly bullish case for gold and silver. Macleod argues that the recent precious-metals breakout is not a fakeout but potentially the beginning of a much larger move, driven by rising geopolitical risk, deteriorating government finances, weakening fiat currencies, and an increasingly fragile global credit system.

00:00–05:25 — Gold’s Breakout May Be the Real Thing

Danny opens by asking whether gold’s recent breakout is genuine or a trap. Macleod says he believes gold is finally turning the corner, arguing that the fundamental risk isn’t gold itself but the global credit system and fiat currencies.

He connects the metals rally to the geopolitical situation and oil markets, arguing that constrained energy supplies could push oil substantially higher. In his view, the resulting inflationary pressure could expose weaknesses in government finances and currencies.

Macleod argues that markets are beginning to recognize that geopolitical stress is shifting risk into credit and currencies rather than gold, representing a fundamental change in how gold is being perceived.

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