Market Echoes 2001 Crash as Gold and Credit Flash Red | Larry McDonald

Markets may be rallying, but Larry McDonald says danger is right around the corner—and it's time to raise cash. In this urgent Kitco News interview, McDonald, founder of The Bear Traps Report and former Lehman Brothers trader, issues a “HIGH” cash alert, warning that today’s surge looks eerily similar to the short-covering blowoffs before the 2001 crash.

McDonald joins anchor Jeremy Szafron to expose why the U.S. could be headed for a rare “two-terms, two-recessions” scenario, with credit markets cracking, tariffs tightening, and consumer delinquencies hitting record highs. He breaks down what Warren Buffett’s $348B war chest really signals and how rising long-end yields are pressuring sovereign debt across the globe.

From his rotation into gold miners, uranium, and Brazilian equities to his tactical positioning in AI infrastructure stocks, McDonald outlines how to protect and grow capital in a system showing serious stress fractures.

Key topics:
– Why Larry McDonald says this is a “raise cash” moment
– U.S. GDP turning negative and risk of a policy-induced recession
– Cracks in $1.8 trillion private credit and record auto delinquencies
– The debt ceiling, Treasury auctions, and Fed policy inflection points
– Buffett’s $348B in cash and what it means for markets
– Gold, platinum, and Bitcoin in a credit shock: what holds value best?
– Dollar overexposure and global rotation into hard assets and EM
– Why uranium and Brazil may lead the next bull cycle

Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
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00:00 Introduction
01:46 Discussion on Cash Strategies and Gold Investments
04:15 Economic Indicators and Recession Predictions
05:24 Impact of Tariffs and Debt Ceiling Concerns
12:43 Private Credit Market Stress
23:49 Geopolitical Risks and Market Divergence
28:15 AI Infrastructure and Investment Opportunities
29:36 High Beta Sectors and Market Dynamics
29:50 Bull Market in Copper and Uranium
31:07 Energy Scarcity and Uranium Investments
33:01 Brazilian Equities and Emerging Markets
36:51 Gold vs. Bitcoin: Store of Value Debate
41:11 Platinum, Palladium, and Hard Assets
49:41 Gold Miners and Market Predictions
54:03 US Dollar and Market Outlook
54:59 Conclusion

#Gold #LarryMcDonald #KitcoNews #BearTrapsReport #Recession #Tariffs #PrivateCredit #Buffett #HardAssets #Uranium #Bitcoin #Dollar #AIstocks #Brazil #DebtCeiling #Fed #MacroInvesting
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.