Gold Has Rallied Into October in 13 of the Last 15 Years | Phil Streible

Gold fell more than 3% after Kevin Warsh's Jackson Hole speech and kept falling Monday, even as American forces struck Iranian rocket launchers near the Strait of Hormuz and crude climbed above 90 dollars. Phil Streible of Blue Line Futures says a September rate hike would be a policy mistake the Fed has to undo, and that the undoing is when gold accelerates. Streible told his clients to take money off the table on Friday, before Warsh spoke, and explains exactly what he saw: silver stalling at the 100-day, gold teetering at the 200-day, and a dollar getting a relentless bid. He gives the level that would change his mind on gold, the August 18 low he calls the line in the sand, and why 150 dollars off a 600 dollar run is a correction rather than a top. On inflation, he argues the Fed is aiming the wrong tool at the wrong problem. Tariffs, Iranian strikes and an attack on a Black Sea port are supply shocks, and rate hikes cannot manufacture more oil or wheat. On silver, he lays out the structural deficit, why 70% of supply arrives as a byproduct of copper, lead and zinc, and the levels that matter on both sides. He also walks through how he actually sizes a silver position using average true range, which is the part almost nobody explains. Plus platinum and palladium, why he'd short them against a long gold and silver book, the miners, gold seasonality into year end, and why after 25 years on a commodity desk he has never once used Bitcoin. Phil Streible is chief market strategist at Blue Line Futures and has written commentary for Kitco since 2007. Recorded August 31 2026 Follow Jeremy Szafron on X: @JeremySzafron (  / jeremyszafron  ) Follow Kitco News on X: @KitcoNewsNOW (  / kitconewsnow  ) 00:00 Gold Falls While Oil Jumps After US Strikes on Iran 01:49 Why He Pulled Clients Out Before Warsh Spoke 03:01 Long or Short Gold and Silver Right Now 03:55 A September Rate Hike Would Be a Policy Mistake 04:36 Do Middle East Headlines Still Move Gold 06:05 Why Everything Sold Off Together 08:23 The Exact Gold Levels He's Watching 10:15 Why Rate Hikes Can't Fix This Inflation 11:38 How He Trades Platinum and Palladium 13:11 Silver's Deficit and the 70% Byproduct Problem 14:40 Silver Levels: 60 to 73.65 15:37 How to Scale Into Silver Without Getting Wrecked 18:26 What He's Doing Into the September Fed Meeting 19:05 Every Time the Fed Hiked Into a Flattening Curve 20:20 What Friday's Jobs Report Has to Do 21:20 Why Gold Does Well in Stagflation 22:36 What Gets Gold Back to $5,000 23:49 Physical, Futures, Miners: Why You Need All Three 25:45 Inside His 10-Stock Gold Mining Portfolio 27:20 Why He Has Never Used Bitcoin 28:55 Gold Seasonality and His One Trade Into Year End 30:05 What 25 Years on a Desk Taught Him #Gold #Silver #FederalReserve #GoldPrice #SilverPrice #Fed #RateHike #KevinWarsh #Stagflation #PreciousMetals #GoldForecast #SilverForecast #KitcoNews __________________________________________________________________ Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US: X: https://x.com/kitconewsnow Instagram:   / kitconews   Facebook:   / kitconews   LinkedIn:   / kitconews   Listen to the PODCAST on 🎧 Spotify: https://open.spotify.com/show/1My4Wgt... 🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast... 🎧 All podcast episodes available here → https://kitconews.buzzsprout.com Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights. Live gold price and chart: https://www.kitco.com/charts/gold Live silver price and chart: https://www.kitco.com/charts/silver Live crypto market data: https://www.kitco.com/price/crypto Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.