Marcos Milla
Former Analyst at the Federal Reserve, ETF/Stock Newsletter Author
A stock market crash in the coming months, as Tom Lee foresees, would be super bullish for gold. Lee's reasons are a new Fed chair, shortages of petroleum products, and IPO lockup expirations at SpaceX, OpenAI and Anthropic that pressure stocks; he sees the crash as a buying opportunity before a 2027 mega rally. x.com x.comÂ
Gold is extremely attractive now because rising market fear could make it a great hedge. It has fallen nearly 30% from its January all-time high and returned to the accumulation zone. If this level holds, expect a bounce soon. x.comÂ
Gold and silver may benefit if yields ease a little further from their local high for a while longer. The FOMC meeting and minutes could be good for both. x.comÂ
Rising Treasury yields make non-yielding gold less attractive, setting up one major selloff before the next big rally. Oil above $100 adds inflation and rate pressure; higher yields could lift the dollar, while gold ETF outflows and forced selling in a liquidity crisis add risk. The Benner Cycle flags 2026 as a potential selling period. The long-term bull market is not necessarily over: central banks are still buying and long-term demand remains strong. Gold is not worth chasing at these levels. … Show more
Gold is set to run as an oil and energy spike, following the interest-rate spike, sets off bond-market contagion. Few investors are positioned for that move, which should lift crypto alongside gold. x.comÂ
Gold bottoms before other assets because gold investors anticipate another bailout and inevitable money printing, as in 2008. x.comÂ
Gold has been in distribution all of 2026 and can stay there for years, so every rally should be sold. Money is rotating elsewhere, especially into semiconductors and crypto. x.comÂ
Gold, along with long rates, is a premier trade because this moment closely rhymes with 2008. Then, after an ugly January, a 75bp Fed cut and Bear Stearns' collapse in March, stocks got within 10% of their high, oil hit a record, rate expectations rose, and the Fed weighed hiking in August while the ECB under Trichet actually raised rates. The Fed is again contemplating a hike, and that analog points to bonds and gold. x.comÂ
Gold offers a fairly certain opportunity once the first leg of a US stock decline stabilizes. Gold usually falls with US stocks when they start to drop, then tends to find good opportunity after that first phase ends. Commodities will likely outperform US AI-related tech, US stocks are at high levels, and a US rate hike would be the point to heighten risk caution, though the downturn may come at an unexpected time. x.comÂ
Gold tends to perform poorly when liquidity contracts, while it performs best during recoveries. Gold looks likely to fall next year. x.com x.comÂ
Gold is set for a brutal reversal higher, because it is down almost 30% from its all-time high and everyone is positioned for more downside, exactly when such reversals begin. x.comÂ
