AI Bubble Burst Could Trigger Gold's Next Bull Run as Investors Seek Value, Says Fred Hickey

Veteran strategist Fred Hickey notes that enthusiasm for artificial intelligence has diverted massive capital from precious metals, yet cracks in this bubble are becoming evident. He stays bullish on gold mining equities, which remain historically cheap despite record margins, and has begun rebuilding positions after trimming them in January while keeping physical gold intact. Hickey calls the stock market a gigantic bubble where AI firms account for nearly half the S&P 500 market cap yet contribute little to economic output.