Mike McGlone Warns of Late-Stage Euphoria and Why Gold Signals Recession

Natural Resource Stocks host Andy welcomes Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, for a powerful look at the late-stage euphoria driving today’s markets. McGlone explains why the extraordinary divergence between gold up 52 percent and crude oil down 16 percent may be the loudest warning since 2008. From liquidity excess to risk-asset mania, McGlone breaks down how the stock market has become the economy itself — and why that’s dangerous. He highlights Bitcoin’s weakening correlation, the signs of a deflationary setup, and why the next major trade could be in U.S. Treasuries. Key discussion points McGlone blends decades…