Crescat’s Live Market Call – February 27th, 2026 Commentary
February 27, 2026 - In this Live Market Call, the team examines whether megacap tech may be nearing a top, placing it within the context of the long-term U.S. dollar cycle and shifting macro signals such as gasoline prices and inflation expectations. The episode also includes exploration mining updates from Sitka Gold, Eskay Mining, and Tectonic Metals, highlighting ongoing progress across Crescat’s portfolio and the broader precious metals theme. Learn More »
Kevin Smith Featured in Barron’s
February 24, 2026 - Crescat Capital Founder, CEO, and Chief Investment Officer, Kevin Smith, was recently featured in a Barron’s article exploring increased investor allocations to hedge funds and alternative strategies.The piece examines the benefits and trade-offs of private hedge funds versus liquid alternative vehicles. Within that discussion, Barron’s highlights the Crescat Global Macro Hedge Fund’s 2025 performance and its long-term record since its 2006 inception. The article points to its significant outperformance relative to macro hedge fund benchmarks and its history as a diversifier relative to equity markets.Kevin explains why Crescat maintains a private fund structure with investor lockups, noting that attracting long-term capital enables the firm to invest in less liquid opportunities aligned with its global macro themes, including currency, commodity, and capital cycle shifts, and its positioning in gold and precious metals miners.To read the full article, click here. Learn More »
Crescat’s Live Market Call – February 13th, 2026 Commentary
February 13, 2026 - In this Live Market Call, Kevin Smith, CIO, examines rising absolute return dispersion, historical S&P 500 maximum drawdowns, and the surge in AI-related debt issuance. The episode also features exploration mining updates led by Dr. Quinton Hennigh, including developments from Eloro Resources, Alpha Exploration, and Novo Resources, highlighting progress across Crescat’s portfolio and the broader precious metals opportunity. Learn More »
Crescat’s Live Market Call – January 30th, 2026 Commentary
January 30, 2026 - Crescat’s Live Market Call, led by CEO Kevin Smith, explores long-term U.S. dollar cycles alongside in-depth biopharma and exploration mining insights. Special guests Lars Theill, PhD, and Quinton Hennigh, PhD, discuss biotech theme performance within Crescat, the firm’s biotech stock selection process and lifecycle, and provide exploration updates from Snowline Gold, Sitka Gold, and Tectonic Metals. Learn More »
Crescat’s Live Market Call – January 16th, 2026 Commentary
January 16, 2026 - Hosted by Kevin Smith, CIO, and Nathaniel Gilbert, Analyst, this live market call reviews 20 years of Global Macro Fund performance with a focus on downside capture and capital preservation across market cycles. The discussion also walks through Crescat’s AI-driven equity quant model, including how it evaluates opportunities at the single-stock level. The presentation concludes with a deep dive into the gold sector, examining net debt among major gold explorers and outlining the full lifecycle of a gold mine from discovery to production. Learn More »
Crescat’s Live Market Call – January 2nd, 2026 Commentary
January 2, 2026 - 2025 in review with CIO Kevin Smith, plus mining updates and predictions for 2026 from our Geologic and Technical Advisor Dr. Quinton Hennigh. Learn More »
Crescat’s Live Market Call – December 19th, 2025 Commentary
December 19, 2025 - Founder & CIO Kevin Smith reviews Crescat’s standout 2025 performance and discusses expectations heading into 2026. Learn More »
Crescat’s Live Market Call – December 5th, 2025 Commentary
December 5, 2025 - In this episode, Kevin Smith and Tavi Costa explore the implications of Michael Burry’s capex-cycle framework, warning that today’s accelerated spending tied to the AI boom resembles past valuation bubbles and could precede a downturn. They analyze the divergence between energy stocks and oil prices, as well as the historically depressed gold-miners-to-gold ratio as a potential setup for future relative outperformance. The call concludes with exploration and drilling updates across Crescat’s mining portfolio from Dr. Quinton Hennigh. Learn More »
Crescat’s Live Market Call – November 21st 2025 Commentary
November 21, 2025 - Join Crescat Capital’s Kevin Smith and Tavi Costa for this week’s Live Market Call as they break down the latest macro signals driving global markets. We discuss Nvidia’s market cap swings, investors holding record-low cash balances, and what the VIX Index versus high-yield credit spreads are telling us about underlying market risk. We also examine the relationship between global central bank assets and money supply growth, highlighting implications for equities and precious metals. Learn More »
Crescat’s Live Market Call – November 7th, 2025 Commentary
November 7, 2025 - In this week’s Crescat Live Market Call, Kevin Smith and Tavi Costa break down the record-low consumer sentiment readings, the countercyclical opportunity in gold miners, and why silver’s new designation as a US “critical metal” matters for investors. They also cover commodities relative to Fed Funds rates and shifting UK ownership of US Treasuries. Dr. Quinton Hennigh closes the call with key exploration and mining updates across Crescat’s portfolio. Learn More »