Commodities
Gold Soars, Risk Assets Collapse Is This the Biggest Macro Unwind Since 1929? Mike McGlone
Date: 2025-04-14 19:59:28
Gold is holding near record highs above $3,200 an ounce, while U.S. equities, copper, and crude oil tumble. Treasury yields are rising even as the dollar weakens, and volatility is spiking. According to Bloomberg Intelligence’s Mike McGlone, this signals a profound macro shift — one where risk assets are cracking, precious metals are taking the lead, and traditional flight-to-safety assets are failing.
In this interview, McGlone joins Kitco News Anchor Jeremy Szafron to explain why the stock market’s valuation peak may have already passed, how gold could rally toward $4,000, and why Bitcoin and U.S. equities remain highly vulnerable. He also warns of a deflationary reset, deepening global recession risks, and a reversal of decades of monetary excess.
Key Topics:
– Why McGlone sees a “profound reversion cycle” underway
– Gold vs. Bitcoin: why gold is outperforming risk assets
– How ETF flows are signaling the smart money shift
– Copper and crude oil breakdowns as global demand fades
– Why U.S. Treasuries may still be the ultimate safe haven
– How tariffs, austerity, and inflation are colliding
– The risk of a 1929- or 1989-style market unwind
– What to expect if the S&P 500 breaks down further
– Why gold miners may finally rerate if $3,500 breaks
Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron)
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Follow Mike McGlone on X: @mikemcglone11 (https://twitter.com/mikemcglone11)
00:00 Introduction
01:03 Market Breakdown
03:01 Bitcoin vs. Gold: A Deep Dive
07:58 Flight to Safety: Treasuries, Dollar, and Equities
10:28 Inflation Expectations and Fed’s Response
12:44 Global Economic Implications and Tariffs
18:44 Gold Miners and Market Predictions
22:59 Conclusion
#GoldPrice #MikeMcGlone #KitcoNews #BitcoinVsGold #StockMarketCrash #Commodities #Inflation #GoldInvesting #BloombergIntelligence #FedPolicy #Recession2025 #CryptoCrash #TreasuryYields #MacroOutlook #GoldBullRun
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