Author: Kitco NEWS

A “profound reversion cycle” is here, and the fourth quarter could set the tone for the next few decades, warns Mike McGlone, Senior Macro Strategist at Bloomberg Intelligence. McGlone tells Kitco News’ Jeremy Szafron that gold’s “scary” rally toward $4,000 is a major warning sign for the broader economy, pointing to a massive shift into gold ETFs this year after four years of outflows. McGlone cautions that with stock market volatility near five-year lows, even a minor reversion could cause the “dominoes to tumble” for risk assets. He explains why he believes industrial commodities are vulnerable, forecasting that crude oil…