People Hate The Truth: Gold & Silver Have Peaked for 2026

Описание: Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, joins Darrell for a wide-ranging macro discussion on what he sees as major turning points across markets. McGlone explains why gold and silver may have already put in multi-year peaks, why crypto’s post-Trump rally marked a blow-off top rather than a new beginning, and why U.S. Treasuries could quietly become the best trade of the year.

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https://x.com/mikemcglone11

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00:00 – Intro
00:34 – Gold and silver selloff: blow-off top or normal correction?
01:32 – Why parabolic metals moves often end badly
02:13 – Stock market volatility and its impact on metals
03:15 – Silver, copper, and the risks of chasing momentum
04:15 – Is there a floor for gold and silver after the peak?
05:06 – Gold vs long-term averages and historical extremes
05:43 – Bitcoin’s collapse and parallels with prior cycles
06:12 – China’s deflation and what it means for industrial metals
07:14 – Why McGlone sees echoes of crypto in today’s metals market
09:11 – Why this could be a trader’s market, not a buy-the-dip year
10:14 – S&P 500 to gold ratio: can both fall together?
11:27 – Lessons from being early, right, and then too late in gold
12:23 – Miners, margins, and whether equities change the thesis
14:03 – Oil outlook, geopolitics, and why crude could head lower
15:35 – Bitcoin bear market: rallies, retracements, and reality
17:24 – Altcoins, why most go to zero
19:21 – Stablecoins, Tether, and what’s really winning in crypto
25:40 – Liquidity, the Fed, and what could finally break markets
27:01 – Stock market valuation, elections, and recession risk
29:33 – Why bonds make sense when nobody wants them
31:47 – Relative value: Treasuries vs gold at historic extremes
35:16 – Why 2026 may be about capital preservation, not excitement
37:21 – Trump coin, crypto mania, and market psychology

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