Mike McGlone|Jul 08, 2026 11:40
Gold Mania Could Be Over, Just Like Bitcoin
The fact that it's been about four decades since gold was similarly stretched vs. its 60-month moving average and the Bloomberg US Long Treasury Total Return Index, as it was in 1Q, might signal a peak for the metal. A combination of extraordinary forces may be required for gold to stay above $5,000 an ounce vs. reversion toward $3,000.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/thursekgifqc {BI COMD}
#gold #Bitcoin #bonds @Bloomberg(Mike McGlone)
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