Episode Details

In this exclusive for Kitco News, Anchor Jeremy Szafron sits down with Fr. Emmanuel Lemelson, Chief Investment Officer at Lemelson Capital Management, to dissect a global market he describes as 'detached from reality'. Following a historic $36 intraday swing in oil, Lemelson warns that the current volatility is merely a 'tremor before the major earthquake'.

Fr. Lemelson challenges the core thesis of the 'gold bugs,' arguing that while trust in fiat is breaking down, gold is not a guaranteed sanctuary. He posits a sobering geopolitical reality: in a global crisis, 'it’s the guy with the biggest military that’s gonna take what he wants'.

From the 'capture' of the Federal Reserve to the 'accounting chicanery' fueling a 'house of cards' in the AI sector, Lemelson pulls no punches on the structural rot facing investors. He further details why 'being passive is usually just a euphemism for being lazy' and why retail investors often end up as the 'exit liquidity' for sophisticated multi-strategy hedge funds that are currently getting 'hammered'.

Recorded on March 10, 2026

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)
Follow Fr. Lemelson on X: @Lemelson (https://x.com/Lemelson) & on substack: (https://lemelson.substack.com/)

Chapters
00:00 Oil Shock Opens Show
01:32 Markets Trading Hope
02:25 Oil Reality Check
04:59 Fed Policy Trap
06:32 Gold Bitcoin Debate
08:56 What Is Hard Value
11:27 Active Value Hunting
13:03 Hedge Funds Hit
14:36 Private Credit Cracks
17:02 Who Holds The Bag
18:34 Golden Age Of Fraud
19:54 Rigged Market Reality
20:31 Be a Shareholder Steward
21:51 Activism for Everyone
22:14 WWE Case Study
24:11 Practical Active Habits
26:01 Top Value Picks
29:36 What to Avoid Now
33:17 Gold and Silver Skepticism
34:53 Influencer Incentives Warning
36:57 Closing

#Gold #Oil #Investing #KitcoNews #EmmanuelLemelson #FederalReserve #StockMarket #Economy #WealthProtection #ValueInvesting #AI #HedgeFunds #Fraud #Stewardship
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Disclaimer:  
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.

Disclaimer:  
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.