Inflation Engineered by Tariffs Pushing Gold Higher Warns Christopher Ecclestone

Gold is holding firm above $3,400 and silver is closing in on $40, but veteran strategist Christopher Ecclestone says the real driver isn’t the Fed—it’s politics. In this episode of Digging Deep with Kitco Mining, Ecclestone, Principal at Hallgarten & Company, warns that inflationary Trump tariffs and rising global tensions are overpowering central bank policy. Even a September rate cut, he argues, won’t derail gold’s rise or ease the pressure building under precious metals.

With gold miners reporting record cash flows, Ecclestone urges investor caution, criticizing companies hoarding “big cash piles” without delivering shareholder value. On silver, he pulls no punches—slamming Washington’s critical mineral label as “a joke,” and calling out traders for “mining the markets rather than the metals.” From upcoming investor events in Beaver Creek to growing fears of market decadence, this is a no-holds-barred forecast every hard asset investor needs to hear.

#Gold #Silver #Mining #InterestRates #TrumpTariffs #MAndA #CriticalMinerals #KitcoMining

02:31 - Impact of Interest Rate Cuts on Gold
04:45 - Gold Miners' Performance and Future Outlook
08:05 - Cash Flow and Capital Allocation in Gold Mining
12:14 - Silver Market Trends and Critical Minerals
16:54 - Mergers and Acquisitions in the Mining Sector
20:35 - Mining Jurisdictions: Guyana and Argentina
25:35 - Upcoming Mining Events and Expectations

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