Tavi Costa shares his outlook on today's record-high markets, explaining why he believes we're in "bubble territory" and why liquidity, debt, and Federal Reserve constraints will shape the next market cycle. He also discusses gold, silver, copper, energy, and the investment themes he believes offer the greatest opportunities over the coming decade.

🗓️ Recording date: July 17 , 2026

📖 Chapters
0:00 Intro
01:06 Record highs despite mounting macro risks
04:30 Is AI and passive investing driving the market?
06:38 Are we in bubble territory?
07:54 Gold outlook: Is the next rally beginning?
09:22 Silver: Opportunity or manipulation?
14:08 Copper vs. Gold vs. Silver
14:29 Uranium fundamentals
16:03 Global debt and the inflation dilemma
18:44 Is the Federal Reserve trapped?
21:25 Why liquidity drives markets
23:46 How Tavi Costa is positioning his portfolio
24:31 Top investment themes: Metals, Latin America & Energy
26:42 Where to follow Tavi Costa