Latest / The Prospector News Podcast
Mike McGlone: Gold Surges Towards $3,000 as Copper Peaks: Mike McGlone's Market Insights
In this episode, Michael Fox interviews Mike McGlone, Bloomberg's chief commodity strategist, who shares his insights on recent commodity market trends. McGlone believes copper has reached its peak for the year at $4.84/lb and is likely to decline due to global economic pressures and potential tariffs. He draws parallels between current market conditions and those preceding the 2008 financial crisis, particularly in the gold-to-copper ratio.McGlone predicts gold will continue its upward trajectory towards $3,000/oz, driven by central bank buying and potential stock market corrections. He also…
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