The David Lin Report Get Ready: Gold Crash To $3,500, Bitcoin To Collapse 90% | Mike McGlone
Oct 28, 2025
Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence, shares his insights on the troubling peaks of gold and Bitcoin. He argues that gold may drop back to $3,500 after an extreme rally, signaling a potential market reversal. McGlone discusses the attractive nature of US Treasuries amidst global deflation, while linking the rising gold-silver ratio to increased volatility in equities. He warns that Bitcoin is highly correlated with stock market performance and could face a dramatic downturn.
AI Snips
Chapters
Books
Transcript
Episode notes
Gold's Rally Looks Like A Peak
- Gold's rapid 2025 rally looks like a peak-stage parabolic move similar to Bitcoin's 100k surge.
- Mike McGlone warns such stretched rallies often revert 20–30% or more back toward averages.
Gold As A Signal For Market Stress
- Gold's surge may signal rising stock-market volatility or a shift away from extreme U.S. wealth creation.
- Geopolitics and political shifts are key fueling factors for gold demand.
Trim Positions And Move To Treasuries
- Take profits when an asset becomes extremely stretched relative to moving averages.
- McGlone suggests reducing exposure and rotating into U.S. Treasuries during late-stage rallies.
