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Mike McGlone: Beware the High Price Cure

In this in-depth interview, Michael Fox sits down with Mike McGlone, Chief Commodity Strategist at Bloomberg Intelligence, to explore the latest trends and challenges in the precious metals market. They dive into silver’s recent rally driven by gold, with Mike predicting silver could reach $50, though its gains are tempered by industrial demand. Copper’s bearish outlook takes center stage, with Mike warning that a drop below $4.60 per pound could signal global economic weakness. Gold’s bull market continues, with predictions it might hit $4,000 amid stock market volatility.

The conversation…

The skinny

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