Crescat’s Live Market Call – January 2nd, 2026 Commentary
January 2, 2026 - 2025 in review with CIO Kevin Smith, plus mining updates and predictions for 2026 from our Geologic and Technical Advisor Dr. Quinton Hennigh. Learn More »
Crescat’s Live Market Call – December 19th, 2025 Commentary
December 19, 2025 - Founder & CIO Kevin Smith reviews Crescat’s standout 2025 performance and discusses expectations heading into 2026. Learn More »
Crescat’s Live Market Call – December 5th, 2025 Commentary
December 5, 2025 - In this episode, Kevin Smith and Tavi Costa explore the implications of Michael Burry’s capex-cycle framework, warning that today’s accelerated spending tied to the AI boom resembles past valuation bubbles and could precede a downturn. They analyze the divergence between energy stocks and oil prices, as well as the historically depressed gold-miners-to-gold ratio as a potential setup for future relative outperformance. The call concludes with exploration and drilling updates across Crescat’s mining portfolio from Dr. Quinton Hennigh. Learn More »
Crescat’s Live Market Call – November 21st 2025 Commentary
November 21, 2025 - Join Crescat Capital’s Kevin Smith and Tavi Costa for this week’s Live Market Call as they break down the latest macro signals driving global markets. We discuss Nvidia’s market cap swings, investors holding record-low cash balances, and what the VIX Index versus high-yield credit spreads are telling us about underlying market risk. We also examine the relationship between global central bank assets and money supply growth, highlighting implications for equities and precious metals. Learn More »
Crescat’s Live Market Call – November 7th, 2025 Commentary
November 7, 2025 - In this week’s Crescat Live Market Call, Kevin Smith and Tavi Costa break down the record-low consumer sentiment readings, the countercyclical opportunity in gold miners, and why silver’s new designation as a US “critical metal” matters for investors. They also cover commodities relative to Fed Funds rates and shifting UK ownership of US Treasuries. Dr. Quinton Hennigh closes the call with key exploration and mining updates across Crescat’s portfolio. Learn More »
MarketWatch Interview – All five of his hedge funds have doubled this year. What this manager is saying now about gold and tech.
October 29, 2025 - Option to minimize the paywall to view the content for free. "Kevin Smith sees value in gold stocks, danger in what he calls the Mag 9" Investing involves risk including risk of loss. Learn More »
Crescat’s Live Market Call – October 24th, 2025 Commentary
October 24, 2025 - In this week’s Crescat Capital Live Market Call, Kevin Smith and Tavi Costa discuss overcrowded U.S. equity positioning, record insider selling, stretched valuations, and the historically compressed gold-to-S&P 500 ratio amid rising federal debt concerns. They outline why these macro imbalances continue to favor precious metals over equities. Dr. Quinton Hennigh joins with updates on Crescat’s mining portfolio and recent high-grade exploration results. Learn More »
Crescat’s Live Market Call – October 3rd, 2025 Commentary
October 3, 2025 - In this Macro Call featuring Kevin and Tavi, the discussion highlights the improving outlook for gold miners, emphasizing their superior value and growth potential compared to broader markets. The team explores Crescat’s strategic metals exposure, the relationship between commodities and inflation expectations, and the growing trend of global central bank rate cuts. Together, these themes underscore a bullish case for hard assets amid shifting macroeconomic conditions. Learn More »
Crescat’s Live Market Call – Beaver Creek Precious Metals Summit Interview Series
September 19, 2025 - The Precious Metals Summit in Beaver Creek 2025 interview series featuring Crescat and our attending exploration mining companies. Learn More »
Crescat’s Live Market Call – September 5th, 2025 Commentary
September 5, 2025 - In this Crescat Live Market Call, Kevin Smith and team break down the latest weak U.S. jobs data, rising unemployment, and what it means for Fed rate cuts against a backdrop of stagflationary pressures. They highlight why precious metals and mining stocks remain in the early stages of a secular bull market, share updates on key projects, and discuss silver’s bullish setup. The episode also covers broader macro themes including yields, energy trends, and the critical role of metals in future infrastructure. Learn More »