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But we saved everything 🙂.
Gold’s rally could be short-lived after sharp drop, Mike McGlone notes
Mike McGlone suggests January and February may have provided a rare window to sell gold at elevated levels. He observes that, although gold could rebound from round-number support at around $4,000 an ounce following a roughly 30% decline, the broader outlook for the metal remains weak.
McGlone previously projected gold could reach $5,500 an ounce by 2026, alongside forecasts for higher crude oil and bitcoin prices in the same period, according to a January research note. In a separate analysis, he warned that crude oil prices in 2026 might experience declines similar to those seen in 2008 and 1929, citing a growing pump-then-dump trend in the market, as described here. McGlone’s latest comments come as these markets face continued scrutiny over future price trajectories.
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