Is the stock market due for a correction? See how this could affect your investments in commodities. Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, at the Mines and Money Miami conference. McGlone shares his insights on the commodity cycle, with a close watch on crude oil and copper, and discusses the potential impacts of tariffs, especially concerning China's influence on copper demand. McGlone also explores gold's performance, noting its outperformance against the S&P 500 and the influence of central bank buying, while expressing caution about an overvalued U.S. stock market and its potential effects on commodities. McGlone suggests that U.S. Treasury long bonds may be a strong trade.

Key Points:
- Copper's price is closely tied to China's economic trends and is vulnerable to deflationary pressures.
- Gold has been outperforming stocks but may face resistance around $3,000 an ounce.
- A U.S. stock market correction could significantly impact commodity prices.
- Central bank buying is currently supporting gold prices.
- U.S. Treasury long bonds may be a strong trade

Special thanks to our sponsor, Goldshore Resources, for making this coverage possible. Visit https://goldshoreresources.com/ to learn more.

00:00 Welcome: Commodity Cycle Overview - Crude Oil and Copper
01:14 Impact of Tariffs on Copper Prices
04:11 Copper's Relationship with Interest Rates and Global Demand
05:18 China's Economic Influence on Copper
14:36 Gold's Meteoric Rise and Market Dynamics
17:59 Speculation and Future Predictions for Gold and Copper
23:12 Key Themes for 2025

Follow Paul Harris on X: @PaulHarrisGold (https://x.com/paulharrisgold)
Follow Kitco Mining on X: @KitcoMining(https://x.com/kitcomining)
Follow Mike McGlone on X: @mikemcglone11 (https://x.com/mikemcglone11)

Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

'All the Dominos Tumble' with 10% Stock Market Correction

Kitco MINING

'All the Dominos Tumble' with 10% Stock Market Correction