#405 Ted Oakley: Gold Still Cheap at $4,600, The Energy Move Could Be Bigger, & 3 Signs of a Stock Market Top

Podcast: The Julia La Roche Show · Julia La Roche

Opublikowano: 2026-08-25

Ted Oakley, founder and managing partner of Oxbow Advisors, returns to explain why he sold all his silver and much of his gold exposure in late 2025 and early 2026 — then bought it all back, and more, in mid-July. With gold near $4,600 he argues it's still roughly 18–20% below its January high and nowhere near expensive if you're thinking in terms of a one-and-a-half to two-year horizon and a $7,000–$8,000 objective. The driver, in his view, is a loss of faith in the dollar backed by a fiscal picture with no exit: within five years, entitlements plus a slice of defense will exceed total...