Mike McGlone: Gold and other assets reverse 2026 gains in peak-price shift

Mike McGlone: Gold and other assets reverse 2026 gains in peak-price shift
Gold and commodities reverse 2026 gains

Mike McGlone reports that gold, silver, platinum, palladium, U.S. natural gas, Bitcoin and corn have all reversed their gains for 2026 as of June 12.

He suggests this reversal points to a pump-then-dump pattern and possible peak-price contagion across multiple commodities and key assets.

McGlone has previously forecast sharp price increases for several commodities and Bitcoin by 2026, with targets including $120 crude oil and $98,000 bitcoin in his earlier projections. He also described a potential downturn in crude oil similar to historical declines in other cycles. The recent reversal comes after these high-profile forecasts and warnings.

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