Kitco NEWS | Gold to $3,000? Why This Could Be ‘Worse’ Than 2008 Financial Crisis - Mike McGlone @kitco | Uploaded August 2024 | Updated October 2024, 6 hours ago.
Jeremy Szafron, Anchor at Kitco News, interviews Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, to discuss the current market turbulence affecting global equities and commodities, with a particular focus on gold. McGlone draws comparisons between today’s market conditions and the global financial crisis, suggesting this period could potentially be worse. He advises caution against buying the dip in equities, highlighting the importance of understanding the ongoing 'normal back and fill' market corrections. McGlone also explains the relationship between gold and US Treasury yields, providing insights into why gold might emerge stronger in this environment.
Follow Jeremy Szafron on X: @JeremySzafron (twitter.com/JeremySzafron)
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Follow Mike McGlone on X: @mikemcglone11 (twitter.com/mikemcglone11)
00:00 - Introduction and Market Turbulence Overview
01:15 - Global Financial Crisis Comparisons
02:28 - Market Volatility and Mean Reversion Insights
03:42 - Bitcoin as a Market Indicator
04:56 - Treasuries and the Flight to Safety
06:09 - Gold’s Current Stability and Future Projections
07:35 - Gold vs. Bitcoin: Store of Value Analysis
08:48 - Impact of Managed Money and ETF Flows on Gold
10:01 - Commodities and Deflationary Forces
11:15 - Long-term Investment Strategies for Gold and Treasuries
#Gold #MarketTurbulence #InvestmentStrategy #GlobalMarkets #FinancialCrisis #GoldPrice #TreasuryYields #Commodities #StockMarket #Bitcoin #Crypto #MarketAnalysis #KitcoNews #Investing #Economy #FedPolicy #MarketTrends #MikeMcGlone #JeremySzafron #FinancialNews
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Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.
SUBSCRIBE to our channel to stay up to date on the latest market and industry news.
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Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
Jeremy Szafron, Anchor at Kitco News, interviews Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, to discuss the current market turbulence affecting global equities and commodities, with a particular focus on gold. McGlone draws comparisons between today’s market conditions and the global financial crisis, suggesting this period could potentially be worse. He advises caution against buying the dip in equities, highlighting the importance of understanding the ongoing 'normal back and fill' market corrections. McGlone also explains the relationship between gold and US Treasury yields, providing insights into why gold might emerge stronger in this environment.
Follow Jeremy Szafron on X: @JeremySzafron (twitter.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (twitter.com/kitconewsnow)
Follow Mike McGlone on X: @mikemcglone11 (twitter.com/mikemcglone11)
00:00 - Introduction and Market Turbulence Overview
01:15 - Global Financial Crisis Comparisons
02:28 - Market Volatility and Mean Reversion Insights
03:42 - Bitcoin as a Market Indicator
04:56 - Treasuries and the Flight to Safety
06:09 - Gold’s Current Stability and Future Projections
07:35 - Gold vs. Bitcoin: Store of Value Analysis
08:48 - Impact of Managed Money and ETF Flows on Gold
10:01 - Commodities and Deflationary Forces
11:15 - Long-term Investment Strategies for Gold and Treasuries
#Gold #MarketTurbulence #InvestmentStrategy #GlobalMarkets #FinancialCrisis #GoldPrice #TreasuryYields #Commodities #StockMarket #Bitcoin #Crypto #MarketAnalysis #KitcoNews #Investing #Economy #FedPolicy #MarketTrends #MikeMcGlone #JeremySzafron #FinancialNews
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.
SUBSCRIBE to our channel to stay up to date on the latest market and industry news.
For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at kitco.com
To get market updates on the go, download the Kitco Gold Live! APP - applications.kitco.com
Stay connected:
Twitter - twitter.com/kitconewsnow
Instagram - instagram.com/kitconews
Facebook - facebook.com/KitcoNews
LinkedIn - linkedin.com/company/kitconews
StockTwits - stocktwits.com/kitconews
Live gold price and chart: kitco.com/gold-price-today-usa
Live silver price and chart: kitco.com/Silver-price-today-USA
Live crypto market data: kitco.com/price/crypto
Learn more about Kitco News: kitco.com/news/about
For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: kitco.com/advertising
Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
