Video News/In Focus with Jeremy Szafron

Global markets are flashing warning signs as credit spreads widen, gold hits new record highs, and political pressure mounts on central banks. With the European Central Bank cutting rates to 2.25% and Trump attacking Fed Chair Jerome Powell over rate policy, the battle between inflation, growth, and monetary control is intensifying. In this Kitco News interview, Bert Dohmen, founder of Dohmen Capital and author of the Wellington Letter, joins Jeremy Szafron to dissect the critical forces reshaping today’s markets. From the hidden dangers of the basis trade to growing cracks in credit markets, Dohmen outlines why the system is under stress—and where smart money is moving next. He also explains why the Fed is “boxed in,” why gold miners remain undervalued despite gold’s surge to $3,370, and what capital flight signals about confidence in traditional safe havens like Treasuries.