Jeremy Szafron, Anchor at Kitco News, interviews Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, about the recent volatility in the commodities market.
McGlone provided insights into gold’s record-breaking rally, the ongoing struggles in crude oil, and the macroeconomic factors impacting copper prices.
He also explored how hedge funds’ long positions in gold futures are driving the market, while crude oil’s future could see a significant decline despite geopolitical tensions.
McGlone shared his thoughts on the possibility of a “Cold War 2.0” influencing commodity prices, and he revealed a key volatility signal that helped him profit during the 2008 financial crisis, which he believes is flashing again.
