Gold Breaks Out as the Fed Turns Dovish
August 7, 2026
Jackson Mikalic, Michael Tanguma, and Brian Cubellis break down four stories on the shot clock: gold's roughly $200 breakout following a more dovish Fed under Chair Warsh; commentator Ed Zitron's circular-revenue thesis, which argues an estimated 70% of Amazon, Microsoft, and Google's AI revenue traces back to spending by OpenAI and Anthropic; the U.S. national debt's climb of an estimated $450 billion since July 1; and a reported $30 million taken in violent crypto-related attacks in 2026. Liam is out this week.
Chapters
01:15 - Topic 1 - The Warsh Fed and the Inflation Reset 07:39 - Topic 2 - Gold Breaks Out as the Fed Feeds It 13:52 - Topic 3 - The AI Revenue Circle (Ed Zitron) 19:36 - Topic 4 - Violent Crypto Attacks Hit $30M in 2026 25:35 - Lightning Round and Parting Thoughts