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Mike McGlone highlights concerns over potential overvaluation of precious metals, drawing parallels with past crypto trends. He suggests that gains seen leading up to 2026 might lead to a reversion risk, particularly for silver and gold.
These apprehensions regarding potential reversion risks for precious metals find resonance in similar warnings raised over natural gas markets, where concerns about a bullish trend masking underlying reversion risk were highlighted in the context of natural gas January futures climbing to $4.60. Broader patterns of cyclical market forces, as discussed in the forecast for WTI crude oil prices possibly ranging from $40 to $70 by 2026, further underscore the interconnected vulnerabilities that may influence commodities leading up to mid-decade.