Video News/In Focus with Jeremy Szafron

While the stock market hits all-time highs, veteran investor Ted Oakley, Founder and Managing Partner of Oxbow Advisors, warns that the real economy is deteriorating and a "sobering up sell off" of at least 15% is coming. He tells Kitco News Anchor Jeremy Szafron that "smart money" managers are quietly raising cash as they see a disconnect between Wall Street's euphoria and Main Street's pain. Oakley, who is holding 45% cash, reveals his number one most undervalued sector, which he believes is poised for a massive run with oil potentially hitting $150. He also makes a powerful valuation case for gold miners, arguing they could "double or triple from here" based on cash flow metrics that echo 2011 levels. In this interview, Oakley explains why he believes the Fed will be forced to raise rates again by next year and warns that Wall Street's profit estimates for 2026 are impossible to hit. He also shares timeless wisdom from his book, "Second Generation Wealth," on how to manage risk, preserve capital, and raise financially responsible children.