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  • Market Cap: $2,406,249,075,109.13
  • 24h Vol: $55,728,257,870.68
  • BTC Dominance: 56.53%

Mike McGlone

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Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty

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In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund […]

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Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’

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Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, the Fed has already been easing, and they’re still vigilant against that,” he cautioned. Strategist

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Bitcoin Supercycle May Be Happening, Says Commodity Strategist Mike McGlone

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Bloomberg Intelligence senior commodity strategist Mike McGlone has explained that a supercycle may be happening in bitcoin, noting that the cryptocurrency is beating gold by almost 10 times so far this year. The strategist added that if past trends hold, bitcoin’s volatility is more likely to recover compared to commodities when the crypto “heads toward

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Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains

Leave a Comment / asset allocation, Banking Crisis, Bart Melek, Bitcoin, commodities, commodity prices, Crypto Hacked, Cryptocurrency, Diversification, Ethereum, Federal Reserve, Financial Markets, Global Economy, gold, inflation, investment, Investors, market analysis, Market Disruption, Market Forecast, market outlook, Market Performance, Market predictions, Market Risks, Market Strategy, Market Trends, Market Uncertainty, market volatility, Mike McGlone, News, Northstar, Northstar Charts, pandemic, portfolio management, Precious Metals, Richard Mills, risk assets, silver, trading strategies, US Dollar Index, US Treasury Bonds, Wealth preservation / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

At the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in the global banking system is at an all-time

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Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold’s Rise Above $2,000

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This week, Bloomberg Intelligence senior macro strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further explained in an update about bitcoin and the Nasdaq that a key ingredient to force the U.S. Federal Reserve to pivot its stance

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