Commodities, Crypto, and Economic Trends by Mike McGlone
Mike McGlone is Senior Commodity Strategist at Bloomberg Intelligence, where he authors the monthly Bloomberg Commodity Outlook and Crypto Outlook. Over 25 years of market experience includes positions at ETF Securities, S&P Indices, and the Chicago Board of Trade. His analysis is cited in more than 5,000 Bloomberg terminal publications per month, with forecasts shaping institutional strategies across commodities, Forex, and digital assets.
McGlone became widely known for contrarian Bitcoin forecasts, including warnings of a potential retracement toward US $10,000, balanced by longer-term outlooks highlighting Bitcoin as “digital gold.” Regular features on Bloomberg TV, Daybreak Asia, and podcasts reach audiences exceeding 100,000 listeners per session. Annual compensation, combining Bloomberg salary and external speaking fees, is estimated in the mid-six-figure USD range. A CFA charter and FRM credential reinforce analytical credibility. With more than 170,000 Twitter followers and active participation in global macro panels, McGlone remains one of the most visible institutional voices connecting commodities and crypto.
Mike McGlone: U.S. gasoline price could fall below $3 in 4Q
Mike McGlone suggests that U.S. gasoline prices, currently at $3.88 per gallon as of July 10, are on track to decline below $3 in the fourth quarter if historical patterns hold. He notes that the ...
Gold may face normalization versus broad commodities, Mike McGlone warns
Mike McGlone highlights the risk of normalization in gold prices compared to broader commodities. He notes that gold could have set an enduring high in 2026, with his analysis pointing to a shift ...
Mike McGlone: Shift in U.S. Fed policy and rising yields may cap gold rally
Mike McGlone points to a possible turning point for gold following a series of major economic shifts. He highlights the U.S. Federal Reserve's renewed emphasis on price stability over ...
Gasoline prices could fall to $2 with stock drops, Mike McGlone notes
Mike McGlone points out that a modest decline in stock prices could create pressure for U.S. gasoline prices to approach $2. He highlights a two-decade pattern where the daily national average ...
Mike McGlone: U.S. food and energy futures show signs of sharp deflation
Mike McGlone highlights that top U.S. food and energy futures markets are experiencing significant declines. He points to a deflationary trend in key U.S. food and energy commodity futures ahead ...
Affordability drives election debates with crude oil seen at $40, Mike McGlone notes
Mike McGlone highlights that affordability is emerging as a leading concern in the upcoming election cycle, with midterms scheduled for November. He observes that crude oil prices are trending ...
Mike McGlone: Crude oil declines toward $40 as gold rises to $3,400
Mike McGlone highlights that crude oil is retreating after another unsuccessful effort to remain above $100 a barrel in the first half of the year. He points to signs of a possible return toward ...
Gold and crude show signs of peaking against U.S. Treasury bonds, Mike McGlone notes
Mike McGlone suggests that gold, crude oil, and the wider commodities sector may not outperform U.S. Treasury bonds in 2026. He highlights that while commodity volatility is rising, risk ...
Mike McGlone: Crude may need to fall to $40 to reduce U.S. surpluses
Mike McGlone assesses that persistent surpluses in U.S. and Canadian crude oil supply are driving lower price trends. He highlights that since crude peaked near $147 a barrel in 2008, prices have ...
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 ...
Mike McGlone: U.S. stock-market cap hits highest level since 1928-29
Mike McGlone highlights a notable divergence in financial markets, observing that U.S. stock-market capitalization relative to GDP has reached its highest level since 1928-29. He adds that ...
Copper underperforms with high volatility, Mike McGlone argues
Mike McGlone highlights that copper, despite setting records in volatility at roughly twice the level of beta, continues to underperform in comparison. He characterizes copper as an asset that ...
Mike McGlone: Gold and other assets reverse 2026 gains in peak-price shift
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 ...
Crude oil may follow major historical declines, Mike McGlone warns
Mike McGlone draws a comparison between crude oil's performance in 2026 and the significant downturns seen in 2008 and 1929. He suggests that a pump-then-dump contagion is building momentum, ...
Mike McGlone: Gold may be nearing $4,000 bottom or could be just bouncing
Mike McGlone raises the possibility that pump-then-dump contagion could be spreading in markets. He questions whether gold is forming a bottom near $4,000 or if its recent movement is merely a ...
Bitcoin signals potential downturn for risk assets in 2026, Mike McGlone indicates
Mike McGlone highlights that Bitcoin has historically led risk assets both upward and downward. According to McGlone, a chart comparing Bitcoin and the S&P 500 (scaled by a factor of ten) suggests ...
Mike McGlone: Managed money net-longs in petroleum futures may have set a lower high
Mike McGlone highlights that managed money net-long positions in petroleum futures may have hit a lower high in the first quarter, paralleling the trend in crude oil prices. He also raises the ...
Tether becomes number two cryptocurrency, Mike McGlone notes
Mike McGlone highlights the shifting landscape in the cryptocurrency market, noting that Tether has surpassed Ether to become the second largest cryptocurrency after Bitcoin. He points out that ...
Mike McGlone: Bitcoin and deflation in post-inflation environment
Mike McGlone questions whether Bitcoin is leading to deflation following a period of inflation. He observes that maintaining a high level of economic activity can result in continued inflation, ...
Industrial metals underperform S&P 500, Mike McGlone points out
Mike McGlone observes that industrial metals are weakening compared to the S&P 500. He highlights that this trend may indicate the metals sector, including gold, is becoming increasingly reliant ...
Mike McGlone: Crypto weakness below key support may define 2026 outlook
Mike McGlone highlights divergent weakness in the crypto market after major assets dropped below key support at the end of May, contrasting with record-setting stock market performance. He cites ...
