In this eye-opening interview, macro strategist Tavi Costa, Co-Founder and CEO of Azuria Capital, delivers a bold 2026 outlook on the crumbling US dollar, the accelerating commodity supercycle, and massive opportunities in precious metals and energy. With the DXY breaking 15-year support amid unsustainable US debt interest payments (4-6% of GDP) forcing aggressive Fed rate cuts, Tavi explains why a multi-year USD downtrend is underway—driving gold toward explosive repricing and silver's continued leverage. He dives deep into why miners remain undervalued despite surging margins, the impending M&A wave in juniors due to reserve shortages and no new discoveries, China's strategic gold accumulation and Treasury shift fueling de-dollarization, and why energy stocks offer the contrarian "early-stage" play akin to miners years ago. Perfect for investors eyeing hard assets, emerging markets rotation, and inflation escape in 2026—this must-watch discussion cuts through the noise on global macro shifts, commodity tailwinds, and why being early in these cycles pays off big

🗓️ Recording date: January 28, 2026

📖 Chapters
00:00 Intro
00:58 Tavi Costa & Macro Focus
02:30 Bearish USD: Debt Forces Multi-Year Decline
05:15 Gold/Silver Bull: Miners' Massive Margins
08:00 Silver Edge & Historical Gold Repricing
11:00 Mining M&A Wave & Reserve Crisis
14:00 Being Early Wins: Energy Next Big Play
17:00 China Gold Shift & De-Dollarization
20:00 Energy as 2026 Contrarian Bet
23:30 Supercycle Risks: Inflation Over Deflation
27:00 Closing & Tavi Contact Info