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: People are now closely tied to U.S. stocks
Mike McGlone commented that people have effectively become 'U.S. stock-puppets.' He also drew attention to gold, silver, copper, crude oil, diesel, and bonds in this ...
U.S. Treasury bonds could be bottoming against gold, Mike McGlone suggests
Mike McGlone stated that U.S. Treasury bond prices may be bottoming versus gold after reaching what he described as a roughly four-decade nadir. He indicated that if the current ratio of about ...
Mike McGlone: U.S. natural gas and diesel futures face possible ceilings at $4 and $5
U.S. natural gas futures for January delivery and front-month heating oil (diesel) futures are encountering resistance near $4 per million BTUs and $5 a gallon, respectively. Mike McGlone said ...
Nickel eyes $17,900 resistance and $14,000 support, Mike McGlone notes
Nickel is currently in a downtrend, with $17,900 identified as a key resistance level, according to Mike McGlone. McGlone adds that support could be revisited around $14,000 a metric ton, and ...
Mike McGlone: Market volatility recovery may be starting in October
Mike McGlone stated that a recovery in market volatility may be just getting started as October ...
Commodities show signs of bottoming against stocks, Mike McGlone notes
Commodities appear to be bottoming against stocks, with the broad stock-market ratio to U.S. public debt reaching its highest year-end level since 2000. Mike McGlone shared this view, referencing ...
Mike McGlone: Copper futures and S&P 500 reach record high correlation
The 50-week correlation between the copper futures contract (HG1) and the S&P 500 (SPX) has reached about 0.64, its highest level since 1988 on the way up. Mike McGlone described this as ...
U.S. natural gas price stays below $4 while managed-money net-short positions grow, Mike McGlone notes
U.S. natural gas January futures (NGF27) stayed below the $4-per-million-British-thermal-units mark, alongside an increase in managed-money net-short positions, raising the possibility of a ...
Mike McGlone: Gold faces challenges from rising U.S. bond yields and central bank rate hikes
Mike McGlone highlights that gold could be facing a lose-lose scenario compared to stocks and bonds. Most central banks are raising interest rates, and global government-bond yields are surging. ...
Platinum's shift from near $3,000 an ounce to $2,000 resistance is critical, Mike McGlone notes
Mike McGlone highlights that platinum's move from a green to red annual candle in 2026, following a price near $3,000 an ounce in the first quarter, may have positioned $2,000 as a key resistance ...
Mike McGlone: Bitcoin faces risk of second consecutive down year in 2026
Mike McGlone highlights that Bitcoin may be headed for its first-ever second consecutive down year in 2026. He suggests this trend could be an early warning for risk assets, especially given ...
Platinum set a 2008 peak near $2,300 an ounce, Mike McGlone notes
Mike McGlone highlights that platinum could face continued challenges, particularly if gold reverses its rally in 2025. He observes that platinum’s 2008 record high of about $2,300 an ounce ...
Mike McGlone: Copper hits record quarter-end as market signals possible peak
Mike McGlone highlights that copper has reached its highest-ever quarter-end price, with open interest and CME inventories at notable levels compared to totals on CME, LME in London, and SHFE in ...
Soybeans appear stuck between $12 and $14 a bushel as diesel costs rise, Mike McGlone notes
Mike McGlone suggests that soybeans could remain confined within a range of $12 to $14 per bushel, citing strong market drivers. According to McGlone, elevated diesel prices have played a ...
Mike McGlone: Energy index remains flat since 1990 despite recent surge
Mike McGlone highlights that the Bloomberg Energy Subindex Total Return has delivered an approximately 70 percent one-year gain through September 29, making it the top-performing commodity sector ...
Diesel notches record 12-month gain in Bloomberg Heating Oil Subindex, Mike McGlone notes
Mike McGlone highlights a significant move in the diesel market, noting that the Bloomberg Heating Oil (Diesel) Subindex Total Return has never experienced a greater 12-month advance than the ...
Mike McGlone: Crypto index flat against Nasdaq since 2017
Mike McGlone compares the long-term performance of Bitcoin and other cryptocurrencies to the Nasdaq-100 Index. He points out that the Market Vector Digital Assets 100 index has remained mostly ...
Copper and Bitcoin may remain stable if S&P 500 beta rises, Mike McGlone notes
Mike McGlone highlights that the outlook for copper and Bitcoin toward year-end is closely linked to the volatility in the S&P 500 as the market enters a seasonally turbulent period. According to ...
Mike McGlone: Central bank rate hikes may lead to metals deflation
Mike McGlone highlights that rising energy prices, which often prompt central banks to increase rates due to energy-driven inflation, could eventually trigger deflation in precious metals once the ...
Natural gas futures decline could guide diesel and yields, Mike McGlone suggests
Mike McGlone highlights that U.S. natural gas prices are falling, particularly for the January futures contract (NGF27). He suggests surging diesel prices and U.S. Treasury 30-year yields may be ...
Mike McGlone: December corn futures saw largest August gain since 1980
Mike McGlone highlights that December corn futures experienced a 15.9 percent surge in August, marking the largest advance for the month since 1980. He notes that similar rallies near 13 percent ...
