Mike McGlone on the State of the Commodity Sector and Impacts of a Potential Recession
Trevor interviews Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence, to discuss the current state of the commodity sector within global markets. They cover topics such as the seasonality of volatility, deflationary forces in the commodities complex, the relationship between gold and the Bloomberg commodity index, the trajectory of the US bond yields, the potential for a downward move in the dollar, and the outlook for the stock market. McGlone emphasizes the global deflationary recession and the need for a significant event to spur a meaningful rotation from equities to commodities. The conversation between Mike and Trevor focuses on the current state of the commodities market, with a particular emphasis on crude oil and copper. McGlone highlights the deflationary forces at play in the market, including excess supply and a shift away from China as a major consumer. He suggests that commodities, including copper, are likely to continue on a downward trend unless there is a significant shift in the market. McGlone also discusses the potential impact of a recession and the role of the Federal Reserve in stimulating the market.
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Fireweed Metals is advancing 3 different projects within the Yukon and Northwest Territories, including the flagship Macmillan Pass Project, a large zinc-lead-silver deposit and the Mactung Project, one of the largest and highest-grade tungsten deposits in the world. Fireweed plans to advance these projects through exploration, resource definition, metallurgy, engineering, economic studies and collaboration with indigenous people on the path to production. For more information please visit fireweedmetals.com.
Vizsla Silver is focused on becoming one of the world’s largest single-asset silver producers through the exploration and development of the 100% owned Panuco-Copala silver-gold district in Sinaloa, Mexico. The company consolidated this historic district in 2019 and has now completed over 325,000 meters of drilling. The company has the world's largest, undeveloped high-grade silver resource. Learn more at https://vizslasilvercorp.com/
