Business
Brokerage that nailed gold, silver bull run targets fresh record highs
Samco’s 3-year target for gold is $7,040 while silver can trade anywhere between $140-210.
Edited excerpts from a chat with the market expert on why the gold and silver bull run isn’t over yet:
Samco was among the first to have given bullish calls on silver which has played out very well. Do you think the white metal has topped out and won’t go back above the $100-mark anytime soon?
We were the first ones to call out a bull market in silver back when it was trading around $23/troy ounce. Silver still remains a high conviction idea with a bullish outlook for the long term. The fundamentals of the silver market which drove the prices from $23 to $121 haven’t changed much. Silver is entering its sixth consecutive year of structural deficit due to inelastic by-product supply and surging demand from solar energy and electric vehicles.
Despite the sharp correction, silver is still outperforming gold. China has classified silver as a strategic asset, restricting exports and driving Shanghai physical premiums to record highs. Silver prices in Shanghai are still quoting at a premium of around $91 compared to $75 in the US. We believe that recent price dips are strategic buying opportunities for a secular bull market that has not yet peaked.
One view in the market is that gold will outperform silver in 2026 and that appears to be playing out as well. What do you think?
The gold to silver ratio had dipped to a low of 43 in January 2026. Over the last 12 years the level of 65 has acted as strong support for the ratio. A falling ratio means gold is underperforming silver and vice versa. Over the last 6 months silver was playing catch up with gold as it was massively undervalued compared to gold which was also one of the reasons for being bullish on silver. Now that silver has caught up and probably even went slightly ahead in terms of outperformance, we are seeing a role reversal and gold will take leadership while silver consolidates.Any targets that you have for both gold and silver?
Ever since gold broke out above the sideways consolidation in December 2023 we have been talking of these three levels – 2,608, 3335, 4750. These are Fibonacci projections drawn from September 2011 peak to December 2015 bottom in gold. The next extension level that comes after this is $7,040. This is a 3-year target that we are holding for gold. Silver normally trades at 2-3% the price of gold in precious metals bull run. So if gold trades at $7,040 then silver could trade anywhere between $140-210 in the same period.
For many investors, asset allocation is going for a toss as equity is struggling and bullion is leading to FOMO. Would you go on the extent of recommending a 50:50 allocation to precious metals and equity for someone who is moderately aggressive but has a 4-5 year horizon?
It cannot happen that you give a 50:50 allocation to equities and gold once and forget about it for the next 4-5 years. Asset allocation will have to be much more dynamic and tactical depending on the macro developments and the investor’s own risk profile. So for someone with an appetite for risk the allocation goes as high as 50% but it may not be suitable for everyone.
If the de-dollarisation theory, linked to rising US debt level, plays out, then we could be seeing a multi-year bull run in gold. What are the odds of that happening from a macro perspective?
US debt currently stands at $39 trillion. According to certain projections, the US is going to add $2.4 trillion in debt each year for the next 10 years. This will push the US debt to $64 trillion by 2036. The US currently spends more than a trillion dollars per year to service this debt. US interest expense and gold price are positively correlated. If the US pays more interest on its debt then naturally it will flood the monetary system with dollars which has been losing its purchasing power over the years.
Richard Nixon took the US dollar off the gold standard on 15 August 1971. Gold prices have grown with a CAGR of 9% since then. If this rate of growth were to continue then gold will trade above $10,000 by 2036.
WGC data shows that central banking buying of gold slowed down in 2025 in volume terms. Is the central bank to gold what FIIs are to Indian largecap stocks?
Central banks bought gold to the tune of 1080 tonnes in 2022, 1050 tonnes in 2023, 1092 tonnes in 2024 and 863 tonnes in 2025. There is a drop of 20% in 2025 compared to 2024. Now compare this with investment demand in gold during the same period: 1125 tonnes in 2022, 951 tonnes in 2023, 1185 tonnes in 2024 and 2175 tonnes in 2025. The demand from investment has nearly doubled. So, although buying has slowed down I don’t think this is going to be a major hurdle for gold prices.
What makes you believe that the entire commodity basket, and not just precious metals, will see a supercycle? Help us understand how the rally in gold, silver and even copper for that matter can spill over to impact oil and gas?
Gold is the leader of all commodities because it responds first to monetary debasement and inflation expectations. Historically, oil lags gold. In the past reflationary cycles of 1971-80 and 2000-2008 too gold led the rally and oil participated later. The current degree of oil’s underperformance relative to gold is unprecedented, suggesting oil is poised for a massive catch-up phase. We believe that we are in a commodity supercycle which is driven by a shift towards hard assets from soft assets. This cycle transcends precious metals because systematic underinvestment has created structural deficits across the entire commodity basket.
For someone who wants to play the commodity or precious metals boom via the equity route, do you think commodity exchange, gold financers, oil producers and miners can also see significant upside?
All of the above are leveraged plays to benefit from the commodity basket. Take gold miners for example. Vaneck Gold Miners ETF tracks the world’s largest gold mining companies. Gold has moved up by 146% since 1st January 2024 but the ETF has moved up by 234% in the same period. So one can definitely ride the commodity supercycle indirectly through the routes you listed above.
Can proxy investing via the equity route beat the returns of owning the commodity itself as operating leverage would be on the side of existing players?
Proxy investing through equities can outperform the underlying commodity because miners and producers have operating leverage. A 10% rise in the commodity price can translate into a much larger increase in earnings due to fixed costs. However, equity returns also embed management risk, capital allocation discipline, debt levels, and valuation multiples, which can dilute that advantage.
Business
Taylor Swift’s $2 Billion Fortune and Wedding Buzz Dominate Headlines
Taylor Swift continues to dominate entertainment news in March 2026, with her net worth reaching an estimated $2 billion according to recent reports, fueling speculation about her personal and professional milestones as she prepares for a rumored summer wedding to Travis Kelce.
Forbes and other outlets confirmed March 12 that Swift’s fortune hit the $2 billion mark, making her the wealthiest female musician and one of the top celebrity billionaires. The surge builds on massive earnings from her “Eras Tour,” streaming royalties, merchandise and the 2025 repurchase of her early album masters for around $360 million. Her October 2025 album “The Life of a Showgirl” sold millions in its first week and sustained strong performance into 2026, contributing significantly to the wealth jump.

The milestone arrives amid fan theories about her next moves. Some speculate a 13th studio album could tie into personal events like her wedding, though no official announcement has come. Swift has kept a relatively low public profile in early 2026, focusing on private life after the “Eras Tour” wrapped and the “End of an Era” docuseries aired on Disney+.
Wedding rumors intensified in March, with multiple reports pointing to June 13, 2026, as a potential date. Fans dissected a Taylor Nation Instagram post featuring a chalkboard with partially erased text, interpreting remnants as “June 13” alongside possible “KC” and “NY” references — interpreted as nods to Kansas City and New York. A podcast tip from a listener claiming insider knowledge of a Rhode Island wedding on that date added fuel, though neither Swift nor Kelce has confirmed details.
Kelce addressed his NFL future in recent interviews, crediting Swift’s dedication to her craft for motivating his return to the Kansas City Chiefs for a 14th season. On the “New Heights” podcast with brother Jason, he discussed how her work ethic influenced his decision to delay retirement, highlighting their supportive dynamic. Jason playfully pressed Travis about wedding plans, keeping the topic light but prominent in media coverage.
Swift’s influence extends beyond music. She inspired Kelce’s career choices, donated generously to causes and maintained strong friendships, including with Selena Gomez, who recently shared details of a handmade gift from Swift. A separate controversy erupted when Jack White commented on songwriting, drawing backlash from fans who accused him of targeting her, though he later clarified his remarks.
On the music front, Swift’s single “Elizabeth Taylor” — released in late 2025 — continued charting, with a special limited-edition vinyl announced for Record Store Day 2026 on a “Cry My Eyes Violet Glitter” variant. The track peaked at No. 3 on the Billboard Hot 100 upon release and remains a fan favorite.
She skipped the 2026 Grammys, where she received no nominations due to eligibility timing for “The Life of a Showgirl.” Executive producer Ben Winston addressed rumors of her attending or performing, noting she was not involved this year. Swift led nominations for the 2026 iHeartRadio Music Awards earlier in the year with nine nods.
No new tour plans have surfaced for 2026, with Swift enjoying a break after the record-breaking “Eras Tour.” Rumors of a 2026 tour were debunked when a charity auction mistakenly listed tickets, later corrected by organizers.
Swift’s low-key approach in early 2026 contrasts with her high-visibility years, prioritizing personal milestones. Fans continue theorizing on social media about future releases, including possible “Taylor’s Version” of her debut album around its 20th anniversary in October 2026.
As spring unfolds, Swift’s blend of business success, romantic developments and cultural impact keeps her at the forefront. Whether through new music hints, wedding preparations or quiet philanthropy, the pop icon shows no signs of slowing her influence.
Business
Heating oil support 'needs to be delivered now'
Rachel Reeves says the Treasury is also looking at “different options” to help households most vulnerable to soaring energy bills.
Business
US Airports Launch Donation Drives for Unpaid TSA Workers as Partial Government Shutdown Enters Fifth Week
A growing number of major U.S. airports are appealing to travelers for donations to support Transportation Security Administration employees working without pay during a partial government shutdown that began Feb. 14, 2026, leaving roughly 50,000 TSA officers to miss their first full paycheck on March 13 amid mounting financial hardship.
The funding lapse for the Department of Homeland Security — triggered when Congress failed to pass a spending bill over disputes on immigration enforcement and border security — has forced essential airport security personnel to continue screening millions of passengers daily without regular compensation. TSA officers received partial pay in late February but saw no funds deposited in many March 13 paychecks, according to union representatives and federal officials.

Airports nationwide have responded by reopening food pantries, setting up gift card collection points and urging passengers to contribute essentials. Denver International Airport (DEN) asked for $10 or $20 grocery and gas gift cards from stores like King Soopers, Safeway, Walmart, Costco and Target, emphasizing that Visa gift cards are not accepted due to federal rules limiting gifts to $20 or less per instance.
“Denver International Airport is seeking grocery store and gas gift card donations for federal employees working without pay,” DEN CEO Phil Washington said in a March 11 statement. “TSA employees just missed their first paycheck, and as we enter a busy spring break travel period, we want to do what we can to ease the stress of this moment.”
Seattle-Tacoma International Airport (Sea-Tac) opened a food pantry for TSA agents, requesting non-perishable food, hygiene items, diapers and baby supplies. Harry Reid International Airport in Las Vegas reactivated its Food & Essentials Pantry, accepting donations of toiletries, household items and pet supplies for affected federal workers.
Other airports participating include Orlando International, Cleveland Hopkins, Reno-Tahoe and more, with collection drives coordinated through airport management, employee unions and community partners. TSA guidance allows such donations from travelers via airport channels, provided they comply with ethics rules barring direct cash or excessive gifts.
The shutdown has strained TSA staffing. The agency reports about 300 officers have resigned since Feb. 14, with unscheduled absences rising to around 6% in some locations. Union leaders describe workers turning to side jobs like ride-sharing, plasma donation or food pantries to cover bills. Some report sleeping in cars or relying on family support after depleting savings from the previous 43-day shutdown in late 2025.
Travel disruptions have worsened, with reports of hours-long security lines at major hubs during peak spring break travel. Wait times of two to three hours have been documented at some checkpoints, though TSA insists expedited programs like PreCheck remain operational. Passenger security fees collected by airlines continue flowing to the government, creating a stark contrast: travelers pay for screening services while screeners go unpaid.
Senate negotiations remain stalled. A March 12 vote on a stopgap DHS funding bill failed, with Democrats blocking the measure over immigration provisions. Republicans have accused Democrats of obstructing progress, while Democrats point to GOP demands on border policy as the impasse. No breakthrough appeared imminent as of March 14.
The American Federation of Government Employees and travel industry groups, including Airlines for America, have launched campaigns urging on-time pay for TSA and FAA workers during lapses. Private operators highlight reliance on smooth airport operations for economic activity.
TSA officers, deemed essential, must report for duty or face termination. Many express frustration at repeated shutdowns, with some rebuilding finances from the prior fiscal year’s record closure.
As the shutdown nears one month, airports’ grassroots efforts underscore the human toll on frontline workers. Donations provide immediate relief, but union officials and advocates stress the need for permanent funding stability to prevent future crises.
Travelers encountering longer lines are encouraged to arrive early, use mobile apps for wait-time estimates and consider TSA PreCheck enrollment. For donation information, check individual airport websites or TSA union channels.
Business
Global Net Lease: A High-Yield Turnaround Story Still In Progress
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Goldman warns S&P 500 could decline to 6300 if growth weakens

Goldman warns S&P 500 could decline to 6300 if growth weakens
Business
Taylor Sheridan’s New Drama Drops First Three Episodes March 14
Taylor Sheridan’s latest neo-Western drama, “The Madison,” premiered Saturday, March 14, 2026, exclusively on Paramount+, launching the first three episodes of its six-episode debut season.
The series, starring Oscar nominee Michelle Pfeiffer and Golden Globe nominee Kurt Russell, marks Sheridan’s return to Montana-set storytelling following the conclusion of “Yellowstone” in late 2024. Unlike direct “Yellowstone” spin-offs such as “1883,” “1923” or the ongoing “Marshals,” “The Madison” stands as an independent series, though it shares the creator’s signature blend of family dynamics, grief and rugged landscapes.

The show follows the Clyburn family, a wealthy New York City clan relocating to the scenic Madison River valley in central Montana after a devastating loss. The move forces them to confront grief, adapt to rural life and navigate human connections in one of America’s most beautiful yet unforgiving regions. Sheridan wrote all six episodes, with Christina Alexandra Voros — who directed episodes of “Yellowstone” Season 5 — helming the series.
Paramount+ adopted an unconventional release strategy for the premiere season: the first three episodes dropped simultaneously on March 14 at 12 a.m. PT (3 a.m. ET), with the remaining three scheduled for Saturday, March 21, also at midnight PT. Episodes include “Pilot,” “Let the Land Hold Me,” “Watch Her Fall” on premiere day, followed by “Tomorrow Is Goodbye,” “No Name and a New Dream” and the finale on the second Saturday.
The staggered rollout differs from Sheridan’s typical weekly drops on Paramount+ for shows like “Landman” or “Lioness.” Paramount executives described it as a way to build immediate buzz while allowing viewers to binge the short season quickly. Season 2, already filmed back-to-back with Season 1 according to Kurt Russell in recent interviews, is expected in 2027, though no exact date has been confirmed.
Pfeiffer leads as the matriarch navigating profound loss, with Russell portraying a key figure in the family’s new Montana life. The ensemble includes Matthew Fox and Patrick J. Adams in supporting roles. First-look images and the official trailer, released in early 2026, highlighted sweeping Montana vistas, emotional family tension and Sheridan’s hallmark dialogue.
The series arrives amid Sheridan’s prolific output for Paramount, which has expanded its “Yellowstone”-verse with multiple shows. “The Madison” was initially developed under the working title “2024” as a potential spin-off but evolved into a standalone project. Kurt Russell noted in an Entertainment Weekly interview that Pfeiffer and Sheridan advocated for filming two seasons consecutively to accommodate schedules and storytelling needs.
Early reactions from critics and viewers have been positive, with Rotten Tomatoes assigning a 67% Tomatometer score based on initial reviews, praising the performances and scenic cinematography while noting the intimate, character-driven pace sets it apart from more action-heavy Sheridan fare. Some called it his “most heartfelt” work yet.
Paramount+ subscribers can stream all available episodes immediately, with no ads on the Premium plan. The service promotes the premiere with trailers, first-look galleries and behind-the-scenes content on its site.
As “The Madison” begins its run, anticipation builds for the March 21 conclusion of Season 1 and the already-completed follow-up season. The series reinforces Sheridan’s dominance in modern Western dramas, drawing fans eager for more Montana-based stories after “Yellowstone’s” long run.
With episodes now live, viewers can dive into the Clyburns’ journey of healing and upheaval in the Madison valley.
Business
Bernstein SocGen cuts Humana stock price target on Stars pressure

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Macquarie downgrades DiDi stock rating on Brazil expansion costs

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Business
Deploy Cash Now Into Double-Digit Yielding Passive Income
Austin Rogers is a REIT specialist with a professional background in commercial real estate. He writes about high-quality dividend growth stocks with the goal of generating the safest growing passive income stream possible. Since his ideal holding period is “lifelong,” his focus is on portfolio income growth rather than total returns. Austin is a contributing author for the investing group High Yield Landlord, one of the largest real estate investment communities on Seeking Alpha, with thousands of members. It offers exclusive research on the global REIT sector, multiple real money portfolios, an active chat room, and direct access to the analysts. Learn more.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of ARES, BX, BAM, CGDG, TDIV, HTGC, TRIN, IIPR.PR.A either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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