Soar Financially

Recession Is Coming: Sell Gold. Buy Bonds I Mike McGlone

Feb 18, 2026
Mike McGlone, Bloomberg Intelligence senior commodity strategist known for macro and commodity research. He warns that wealth destruction in risk assets and a crypto rollover could rekindle recessionary forces. He discusses why metals may be peaking, why silver and copper look vulnerable, and argues treasuries could be the best trade as CPI and rates move lower.
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ADVICE

Sell Gold, Buy U.S. Treasuries

  • Sell gold rallies and allocate to U.S. Treasuries, McGlone advises as his preferred trade for the year. He expects T-bonds to outperform if risk assets revert.
INSIGHT

Crypto's Oversupply Weakens Its Signal

  • McGlone views Bitcoin as 'digital gold' but warns unlimited crypto copycats create oversupply and fragility. He sees crypto rolling over as an early indicator of broader market weakness.
ADVICE

Take Profits On Stretched Metals

  • Take profits in precious metals that have become stretched versus historical averages. McGlone cautions silver and other metals look overbought and may correct sharply.
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