Presentation Deck – Live Market Call 10/23/26
October 23, 2026 - Presentation slides from Crescat’s Live Market Call on 10/23/26. Learn More »
Crescat’s Live Market Call – October 23rd, 2026 Commentary
October 23, 2026 - In this week's Live Market Call, Crescat Capital's CIO Kevin Smith and Analyst Nathaniel Gilbert dive into the macroeconomic significance of the BarCap US High-Yield Credit Spread relative to 10-Year U.S. Treasuries, alongside evidence that China’s official central bank gold buying is heavily underreported. They highlight how San Cristobal Mining has emerged as a premier top producer in 2025 and discuss the historically wide valuation gap between junior gold explorers and physical gold. Finally, the team provides crucial geologic and exploration updates on high-conviction activist holdings, including Tectonic Metals, Sitka Gold, and other key portfolio companies. Learn More »
Cautious Outlook in OpenAI & Anthropic as AI CapEx Climbs – Schwab Network
October 22, 2026 - Stalling earnings growth for companies like OpenAI is a strong warning sign for Crescat Capital's Kevin Smith. He believes there's appetite for OpenAI and Anthropic, though both companies' valuations keep Kevin from being a bull on either. So, how should investors fearful of valuations and ballooning CapEx position for the current market environment? Learn More »
Presentation Deck – Live Market Call 10/9/26
October 9, 2026 - Presentation slides from Crescat’s Live Market Call on 10/9/26. Learn More »
Crescat’s Live Market Call – October 9th, 2026 Commentary
October 9, 2026 - Join Crescat Capital’s CIO & Founder Kevin Smith and Analyst Nathaniel Gilbert for this week's Live Market Call covering the U.S. budget deficit's jump to nearly $2 trillion, the worst 10-year nominal return from treasury bonds in history, the persistent supply and demand deficit for silver, and more. Following their macro conversation, Kevin provides updates on some of Crescat’s high-conviction junior explorers, including insights from Crescat’s Geologic & Technical Advisor Dr. Bill Pearson. Mining updates feature Sitka Gold, Goliath Resources, Eloro Resources, Silver Bow Mining, and more. Learn More »
Financier Flags Cracks in Inflation Tech Rally – Northern Miner
October 9, 2026 - Weakening participation in the Nasdaq rally signals a possible market top, says Crescat Capital founder and CEO Kevin Smith, whose firm hedges some funds against a selloff that could also hit junior miners... Learn More »
Crescat Live Market Call – Precious Metals Summit Interview Series
October 2, 2026 - A special edition Live Market Call covering the Precious Metals Summit interview series. Learn More »
Gold’s Bond Break Puts Juniors in Play – Northern Miner
October 1, 2026 - Gold has more than doubled since early 2022 even as U.S. bond yields climbed, a break investors at the Precious Metals Summit say may signal bullion is regaining a monetary role. But the money is reaching junior miners unevenly… Learn More »
Where Gold Investors Will Make the Biggest Money – Deep Dive
September 29, 2026 - Kevin explains Crescat’s global fiat debasement thesis, its $20,000 gold target, and why exploration companies offer some of the greatest potential leverage to rising precious-metals prices. He also reveals why Crescat rejects roughly 10 opportunities for every investment it makes and what separates a promising project from one that never receives funding. The conversation examines Crescat’s investments in Goliath Resources, Silver Bow Mining, Altamira Gold, and Tectonic Metals, including the geology, scale, management, jurisdiction, and development potential behind each decision. Learn More »
Gold, Silver, Copper — 3 Stock Picks and My Outlook – Investing News Network
September 26, 2026 - Kevin Smith, Founder and CEO of Crescat Capital, shares his outlook for gold, including two paths it can take to reach his US$20,000 per ounce price target. He also explains why junior miners represent the biggest chance for gains. "The real opportunity we see is in the juniors, where there's even better value and better growth ahead," Smith said. Companies mentioned in the interview: Sitka Gold, Eloro Resources, BCM Resources. Learn More »