The Macro Dirt Podcast Gold Gone Wild
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Oct 9, 2025 Tony and Jared dive into the frenzy around gold prices hitting 4K and the implications of a potential debasement trade. They discuss copper's supply challenges and the risk of its volatility, while also addressing silver's likely pullback after its recent rally. The duo weighs in on Bitcoin's precarious position amid market sentiment shifts. They analyze the overstretching of the AI trade and its potential to impact private equity stocks. Plus, a light-hearted recap of Aaron Judge's playoff heroics adds a fun twist.
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Hosts' Personal Lead-In
- Tony Greer opened the episode with personal updates, including his Labrador Beckham's sixth birthday.
- Casual segues like sports and pets set a conversational tone for the show.
Don't Chase The Gold Rally
- Avoid chasing gold at current prices; wait for a pullback before adding new positions.
- Reduce position size or sell a small portion to lower stress and lock in gains.
Gold Shows Extreme Overbought Signals
- Gold's monthly RSI hit extreme levels rarely seen historically, signaling overbought conditions.
- Historic overbought readings often precede significant pullbacks, even amid bullish narratives.