The Macro Dirt Podcast Gold Gone Wild
36 snips
Oct 9, 2025 Tony and Jared dive into the frenzy around gold prices hitting 4K and the implications of a potential debasement trade. They discuss copper's supply challenges and the risk of its volatility, while also addressing silver's likely pullback after its recent rally. The duo weighs in on Bitcoin's precarious position amid market sentiment shifts. They analyze the overstretching of the AI trade and its potential to impact private equity stocks. Plus, a light-hearted recap of Aaron Judge's playoff heroics adds a fun twist.
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Episode notes
Hosts' Personal Lead-In
- Tony Greer opened the episode with personal updates, including his Labrador Beckham's sixth birthday.
- Casual segues like sports and pets set a conversational tone for the show.
Copper's Supply Problem And Price Risk
- Copper faces supply constraints with long lead times to bring new mines online, implying potential structural tightness.
- Price action is volatile and linked to metals sentiment, so breakout conviction remains uncertain.
Wait For Silver To Correct
- Expect a meaningful silver pullback from recent highs; avoid buying at the top of the range.
- Plan to wait for a ~20% correction toward the low $40s before adding new positions.