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Mike McGlone: Commodities, Gold & Market Trends Explained
Michael Fox interviews Mike McGlone, Chief Commodity Strategist at Bloomberg Intelligence, to analyze the surprising strength of commodities amid global market volatility and a weakening U.S. dollar. They explore key trends such as the Bloomberg Dollar Spot Index’s 7% decline, gold’s 52% rise followed by a correction phase, and crude oil’s 15% drop, linking these to broader deflationary forces and economic uncertainty. The discussion covers gold, silver, and other metals, the interplay with the U.S. stock market and interest rates, and the risks of a potential stock market bubble. Mike…
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