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Mike McGlone: The Silver Top | Are We Truly Just Percentage Points from the Edge?
Tom welcomes Mike McGlone, Senior Commodity Strategist for Bloomberg Intelligence, to share his insights on various commodities, with a significant focus on silver and gold. McGlone expresses concerns about silver’s recent 210% gain over the past year, suggesting that it has entered a blowoff stage, a characteristic of the late phases of a bull market. He advises caution, indicating that the high price could incentivize supply and de-incentivize demand, potentially leading to a correction.
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McGlone also discusses the gold-silver ratio, noting that it has dropped…
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