If You Own GOLD, You Have Just Weeks to Prepare for What's Coming! - Mike McGlone

About this video

• Video Title: If You Own GOLD, You Have Just Weeks to Prepare for What's Coming! - Mike McGlone
• Channel: The Metal War
• Speakers: Mike McGlone
• Duration: 13:24

Overview

This video features Mike McGlone discussing the current state of the precious metals market, particularly gold. He suggests that gold may have reached a near-term peak after a significant run, noting that prices are historically stretched. McGlone also analyzes the gold-to-silver ratio, market volatility indicators like the VIX, and historical parallels to suggest a potential upcoming market correction and a shift towards deflationary pressures, with treasuries potentially becoming a safe haven.

Key takeaways

• Gold's Peak Potential: Gold may have reached its near-term peak after an exceptional rally, showing signs of a late-stage bull market.
• Historically Stretched Valuations: Current gold prices are historically stretched, with valuations significantly above historical moving averages. A rapid move to $5,000 from current levels would be unprecedented.
• Gold-to-Silver Ratio as an Indicator: The gold-to-silver ratio, historically around 80, has been a strong support. Its recent rise to 85 may signal increasing volatility and a potential shift in market dynamics.
• Market Complacency and Volatility: Despite extreme valuations and historical divergences (like gold's strength vs. oil's weakness), stock market volatility remains low, indicating complacency that often precedes significant market downturns.
• Shift Towards Deflationary Pressures: The divergence between gold's performance and crude oil's decline, along with falling bond yields, suggests a potential shift from inflationary to deflationary pressures, with treasuries potentially becoming a favored safe haven.