Kitco NEWS | Hedge Funds Bet Big as 'Cold War 2.0' Drives Gold Toward $3,000 – Mike McGlone @kitco | Uploaded September 2024 | Updated October 2024, 7 hours ago.
Jeremy Szafron, Anchor at Kitco News, interviews Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, about the recent volatility in the commodities market. McGlone provided insights into gold’s record-breaking rally, the ongoing struggles in crude oil, and the macroeconomic factors impacting copper prices. He also explored how hedge funds’ long positions in gold futures are driving the market, while crude oil’s future could see a significant decline despite geopolitical tensions. McGlone shared his thoughts on the possibility of a "Cold War 2.0" influencing commodity prices, and he revealed a key volatility signal that helped him profit during the 2008 financial crisis, which he believes is flashing again.
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
01:52 - Gold's Surge and Hedge Fund Positions
03:44 - Risks to the Gold Rally
05:36 - Crude Oil's Struggles and Geopolitical Impacts
07:28 - Hedge Fund Short Positions in Crude Oil
09:20 - Impact of Fed Rate Cuts on Commodities
11:12 - Copper's Role in Global Economic Signals
13:04 - China's Drag on Commodities
14:56 - Potential Chinese Stimulus and Commodity Rebounds
16:48 - Gold's Long-term Prospects
#GoldSurge #OilPrices #CommoditiesUpdate #MikeMcGlone #GoldVsCrude #InvestmentStrategy #MarketVolatility #FederalReserve #RateCuts #ChinaSlowdown #CopperPrices #BloombergIntelligence #CommodityMarket #GoldForecast #OilCrash #StockMarketUpdate #PreciousMetals #EconomicOutlook #EnergyCrisis #MarketTrends #GlobalEconomy #InflationStrategy #GoldInvesting #CrudeOilOutlook
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Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial 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, about the recent volatility in the commodities market. McGlone provided insights into gold’s record-breaking rally, the ongoing struggles in crude oil, and the macroeconomic factors impacting copper prices. He also explored how hedge funds’ long positions in gold futures are driving the market, while crude oil’s future could see a significant decline despite geopolitical tensions. McGlone shared his thoughts on the possibility of a "Cold War 2.0" influencing commodity prices, and he revealed a key volatility signal that helped him profit during the 2008 financial crisis, which he believes is flashing again.
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
01:52 - Gold's Surge and Hedge Fund Positions
03:44 - Risks to the Gold Rally
05:36 - Crude Oil's Struggles and Geopolitical Impacts
07:28 - Hedge Fund Short Positions in Crude Oil
09:20 - Impact of Fed Rate Cuts on Commodities
11:12 - Copper's Role in Global Economic Signals
13:04 - China's Drag on Commodities
14:56 - Potential Chinese Stimulus and Commodity Rebounds
16:48 - Gold's Long-term Prospects
#GoldSurge #OilPrices #CommoditiesUpdate #MikeMcGlone #GoldVsCrude #InvestmentStrategy #MarketVolatility #FederalReserve #RateCuts #ChinaSlowdown #CopperPrices #BloombergIntelligence #CommodityMarket #GoldForecast #OilCrash #StockMarketUpdate #PreciousMetals #EconomicOutlook #EnergyCrisis #MarketTrends #GlobalEconomy #InflationStrategy #GoldInvesting #CrudeOilOutlook
__________________________________________________________________
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.
