Maggie Lake Talking Markets Episode 59: The Elon Effect on Gold. With Tony Greer
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Jun 4, 2025 
Tony Greer, Editor of the Navigator Newsletter and co-host of the Macro Dirt Podcast, shares his insights on how Elon Musk is becoming an unexpected advocate for gold and Bitcoin. He discusses market dynamics amid rising gold prices, the impact of tariffs on investments, and ongoing volatility in stocks. Greer also explores the cautious optimism surrounding commodities and the influence of institutional investments in Bitcoin ETFs, all while emphasizing the importance of strategic trading amidst current economic uncertainties.
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Elon Musk Spurs Gold Demand
- Elon Musk is effectively acting as a gold salesman by vocalizing concerns about the growing U.S. deficit.
- His outspoken stance on fiscal irresponsibility is fueling bullish sentiment for gold and Bitcoin as stores of value.
Gold and Metals Breakout Rally
- Gold prices are rising in an orderly fashion with low market interest, leaving room for significant upside if funds start aggressively buying.
- The metal markets, including platinum and industrial miners, are experiencing a breakout alongside technology stocks rebounding.
Market Evolving From Risk-Off
- The market is transitioning from risk-off to a more balanced dynamic with a potential for strong stock gains.
- The S&P 500 might surge through 6,000 if rates continue to ease amid a softer but not recessionary economy.