Stock Market Crash Risk Changed in Just 3 Days, Peter Grandich Says
Stock Market Crash Risk Changed in Just 3 Days, Peter Grandich Says
Kitco News: 10-10-2026
Peter Grandich tells Kitco News anchor Jeremy Szafron gold may need one more brief drop under $4,000 to set up the strong bottom it needs, then a run toward record highs in 2028.
Gold bugs, he says, won’t like the first part. Grandich, who says he sold his gold before this year’s drop, explains why he changed his mind on a stock market crash in the last three days and why a 10-year Treasury yield above 6% would signal a financial crisis.
He also says copper could hit $7 before 2027 and calls Canadian mining a lifetime opportunity.
Chapters:
00:00 Why He Got Out of Gold Before the Drop
00:57 The Parabolic Move That Told Him to Sell
02:30 A Quick Dip Under $4,000 Would Set Up the Next Run
03:58 China Shops for Gold While America Shops on Credit
05:45 The Myth That Rising Rates Kill Gold
06:40 Who Really Sets the Gold Price Now
09:13 A Stock Market Crash Is No Longer Unlikely
09:57 The Market Is Weaker Than the Record Highs Suggest
11:30 When the Banks Turn Down, Trouble Follows
12:50 America May Struggle to Pay Its Interest in Years, Not Decades
14:08 Who Pays When the Bill Comes Due
16:42 The Lifetime Mining Opportunity He Sees in Canada
18:28 Private Credit Stress Is Spreading
21:22 What AI and Robotics Do to the Jobs Picture
22:53 Above 6% on the 10-Year Treasury Means a Crisis Has Hit
24:20 The Day Japan Has to Choose Itself Over U.S. Bonds
24:50 No Hike in October, One in December
27:15 Why He Sees a Major Food Crisis Risk
32:05 The Asset That Survives a Government That Wants More
34:00 Why Copper Could Hit $7 Before 2027
36:13 The Real Reason Miners Stay Cheap
43:00 Management Is the One Thing That Makes a Junior
47:30 Riverboat Pete’s Shopping List
49:02 The Lesson That Cost Him Millions, Twice
52:45 The Red Suit vs. the Angel