I'm here with my good buddy Brian London Ryan thanks for coming on the show you got an incredible event coming up we'll talk about that a bit but you are an expert in the gold space and we talk about gold quite a bit on this channel.

Maybe a different view from most,

but I'd love to start off by getting

your overall macro take on gold and gold miners heading into what could be a recession.

Yeah, thanks George.

It's always a pleasure to talk with you and thanks for having me on today.

Yeah, I think gold has, well, first off, it's been declining over the past week or so, which is kind of right counter to my forecast and predictions. I, a few weeks before that, was boldly claiming that gold hit bottom for the summer.

Looks like it's putting in a double bottom.

But the larger thing that I've been hosing is that the markets are starting to price in the very essential fact that this rate height cycle is essentially peak.

You know, we'd have another quarter point ahead of us

a little bit more.

We might have higher for longer

if the Fed gets its way.

But the next big thing is going to be the downside

of the interest rate cycle.

And for whatever reason, we really don't know.

We can speculate, we can play probabilities and possibilities.

Nobody knows what's going to do it, but we know that something's going to happen,

either a recession, which seems pretty apparent but a very steep recession or something

else breaking in the financial system as we transition from the easiest monetary policy in human history to one of the harshest

tightening cycles ever seen. Something's going to break probably a few things. So we don't know what it is, but we do know in the markets I think are starting to price in the fact that the

Fed's next big thing is to start cutting rigs in reaction to something in gold

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