Gold Has Dropped to a 3-Month Low. Time to Panic? Just the Opposite, Says Tavi Costa

Gold sold off sharply after the Iran war triggered an oil shock, pushed rates higher, and sent the dollar rallying. The classic playbook for gold went negative all at once. Tavi Costa of Azuria Capital was buying the entire time and says the thesis has not changed by a single word. Central banks are not stopping gold purchases. The Fed cannot hike aggressively when interest payments are already consuming this much of GDP. Tavi is also significantly positioned in copper, which he sees in a price discovery phase, and is actively building Brazilian equity positions in consumer businesses, banks, and miners where he sees one of the most asymmetric opportunities in global markets right now. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 Gold sells off hard after Iran war shock 2:00 Why Tavi is buying the dip not selling 4:00 Central banks and the Fed: thesis unchanged 6:00 Copper in a price discovery phase 8:00 Copper miners vs gold miners: the comparison 10:00 Brazil: one of the most attractive markets right now 14:00 The problem with EWZ and why he prefers midcaps 16:00 Brazilian elections as a potential catalyst 18:00 Where to follow Tavi Costa #Gold #Copper #Brazil #MacroInvesting #TaviCosta #tastylive #GoldMiners #EmergingMarkets tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.