Bloomberg Strategist: Gold is "Getting Very Scary" at These Levels, It's a Warning for Q4

Video Description

A "profound reversion cycle" is here, and the fourth quarter could set the tone for the next few decades, warns Mike McGlone, Senior Macro Strategist at Bloomberg Intelligence. McGlone tells Kitco News' Jeremy Szafron that gold's "scary" rally toward $4,000 is a major warning sign for the broader economy, pointing to a massive shift into gold ETFs this year after four years of outflows. McGlone cautions that with stock market volatility near five-year lows, even a minor reversion could cause the "dominoes to tumble" for risk assets. He explains why he believes industrial commodities are vulnerable, forecasting that crude oil is in a "low price cure trajectory" that could see it revert toward $40 a barrel. He also explains why copper's rally is at risk and why silver may continue to lag gold due to its industrial properties. Finally, McGlone breaks down why Bitcoin's correlation to the stock market is at its highest ever, making it a clear risk-on asset in this environment. Recorded September 30, 2025 Follow Jeremy Szafron on X: @JeremySzafron (https://twitter.com/JeremySzafron) Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/kitconewsnow) Follow Mike McGlone on X: @mikemcglone11 (https://twitter.com/mikemcglone11) 00:00 - Market Meltdown? Shutdown Looms 00:22 - Gold Rallies, Industrials Plunge 00:53 - Mike McGlone: The "Great Reversion" Signal 01:21 - Gold's "Scary" Rally Toward $4,000 01:55 - Why Low Stock Volatility Is a Major Warning 03:53 - Smart Money Pours Back into Gold ETFs 07:29 - McGlone's Dire Forecast for Oil & Copper 11:45 - Silver: "The Devil's Medal" Explained 14:59 - Are We Repeating the Crash of 1929? 17:06 - Bitcoin's Dangerous Correlation to Stocks 23:31 - McGlone's Final Warning for Investors #Gold #Recession #StockMarket #MikeMcGlone #Commodities #CrudeOil #Investing #KitcoNews __________________________________________________________________ Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US: X: https://x.com/kitconewsnow Instagram: https://www.instagram.com/kitconews Facebook: https://www.facebook.com/KitcoNews LinkedIn: https://www.linkedin.com/company/kitconews Listen to the PODCAST on 🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof 🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233 🎧 All podcast episodes available here → https://kitconews.buzzsprout.com Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights. Live gold price and chart: https://www.kitco.com/charts/gold Live silver price and chart: https://www.kitco.com/charts/silver Live crypto market data: https://www.kitco.com/price/crypto Learn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.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.