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.
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0:00 – Intro
1:27 – The Trader vs. The Consumer: Who’s Right?
2:55 – Do Fundamentals Matter Anymore?
4:50 – "Smart Money" Is Raising Cash
8:36 – Why Ted Oakley Holds 45% Cash
12:10 – #1 Most Undervalued Sector: Energy
13:15 – The Case for $150 Oil
15:45 – How to Analyze a Company Like Ted Oakley
18:10 – "Mundane" Stocks He’s Buying Now
22:05 – Gold’s All-Time High & The "New World Order"
24:30 – Gold Miners Could "Double or Triple From Here"
28:45 – Silver’s 14-Year Breakout
30:50 – Advice For Young Investors: Get Out of Debt
32:45 – A Warning for Retirees at a Market Top
34:00 – How to Teach Your Kids About Money
38:40 – Lightning Round: S&P, Fed, Gold, & Silver Forecasts
42:55 – Biggest Risk & Surprise for 2026
#TedOakley #MarketCrash #Gold #Silver #Investing #Economy #Inflation
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