Mike McGlone is a senior commodity strategist at Bloomberg Intelligence and the author of its monthly commodity outlook. A CFA and FRM charterholder with more than 25 years in futures and commodity markets, he covers gold, crypto, and the broader commodity cycle.
Current predictions
Diesel: Mike is bearish on diesel in the short term (Sep–Dec 2026). (updated 2026-09-12)
Diesel: Mike is bearish on diesel. (updated 2026-09-12)
Intermediate Treasuries: Mike is bullish on Intermediate Treasuries in the short term (Sep–Dec 2026). (updated 2026-09-12)
Oil: Mike is bearish on oil in the short term (Dec 2026) and over the medium term. (updated 2026-08-30)
Bitcoin: Mike is bearish on Bitcoin. (updated 2026-08-29)
Bitcoin: Mike is bearish on Bitcoin in the short term. (updated 2026-07-30)
Copper: Mike is bearish on copper. (updated 2026-08-20)
Long-Term Treasuries: Mike is bullish on Long-Term Treasuries in the short term (through 2026). (updated 2026-08-04)
Gold: Mike is bearish on gold. (updated 2026-08-04)
Silver: Mike is bearish on silver. (updated 2026-07-30)
Prediction history
2026-09-12 — Mike is bearish on diesel in the short term (Sep–Dec 2026). (source: Speculators vs. Energy Inflation or Autocorrelation The front heating oil future (HO1) has bumped up near its 2022 high…)
2026-09-12 — Mike is bullish on Intermediate Treasuries in the short term (Sep–Dec 2026). (source: Speculators vs. Energy Inflation or Autocorrelation The front heating oil future (HO1) has bumped up near its 2022 high…)
2026-09-12 — Mike is bearish on diesel. (source: US Diesel $3.75 Initial Reversion; What About T-Bonds? Same-chart syndrome between the daily national average diesel pr…)
2026-08-30 — Mike is bearish on oil in the short term (Dec 2026). (source: Inflating Energy, T-Bond Yields vs. Normal Reversion The US government is selling crude oil and buying Treasury bonds,…)
2026-08-29 — Mike is bearish on Bitcoin. (source: Bitcoin's Bear Market vs. the Fed, Stocks Central bank tightening, unlimited crypto competition and increasing dependen…)
2026-08-28 — Mike is bearish on oil in the short term (Aug–Dec 2026). (source: WTI on Track for Highest Year-End Since 2013, But History Warns If WTI crude, at about $83 a barrel on Aug. 27, ends 20…)
2026-08-24 — Mike is bearish on oil. (source: Hedge Funds Buck Trump; Crude, Food Longs Might Face Sell Stops Inflation is a top election issue in the US, the world'…)
2026-08-24 — Mike is bearish on Bitcoin. (source: Flat vs. Beta for About Five Years - Laggard Bitcoin Bitcoin has been a highly correlated, volatile and poor performer…)
2026-08-22 — Mike is bearish on oil in the short term (Aug–Nov 2026). (source: WTI Crude Oil's $55-$80 Cage and Risk vs. Reward The US supply surplus is surging, prices are elevated and petroleum ma…)
2026-08-20 — Mike is bearish on copper. (source: Peak Copper? The Metal May Join Bitcoin, Gold, Silver, Iron Ore Copper may be nearing a peak, as similar extreme bullis…)
2026-08-16 — Mike is bearish on Bitcoin. (source: Faustian Bargain Unwind? Bitcoin Under $69,000 Bitcoin showing comfort below $69,000, despite the record-setting stock…)
2026-08-16 — Mike is bearish on oil in the short term (Aug–Dec 2026). (source: Crude Comfortable Near $70, Risks Swing Toward $50 WTI crude oil's 10- and 20-year mean, median and mode are roughly $7…)
2026-08-13 — Mike is bearish on Bitcoin. (source: Path Toward $10,000 Bitcoin May Come From $69,000 Trump Pivot Bitcoin's almost 30% decline in 2026 through Aug. 12, des…)
2026-08-09 — Mike is bearish on oil. (source: $40 Crude Becoming Normal Due to Bounces Above $100 The US-Iran war and bounce in energy prices may have added fuel to…)
2026-08-04 — Mike is bearish on copper. (source: Mike McGlone: Gold Isn’t Safe In Upcoming Market Crash)
2026-08-04 — Mike is bullish on Long-Term Treasuries in the short term (through 2026). (source: Mike McGlone: Gold Isn’t Safe In Upcoming Market Crash)
2026-08-04 — Mike is bearish on gold. (source: Mike McGlone: Gold Isn’t Safe In Upcoming Market Crash)
2026-08-04 — Mike is bearish on oil in the short term (through 2026). (source: Mike McGlone: Gold Isn’t Safe In Upcoming Market Crash)
2026-07-30 — Mike is bearish on gold. (source: Gold To $3,000, Oil To $40, Bitcoin To $10,000: The Deflation Trade Is Here | Mike McGlone)
2026-07-30 — Mike is bearish on copper. (source: Gold To $3,000, Oil To $40, Bitcoin To $10,000: The Deflation Trade Is Here | Mike McGlone)
2026-07-30 — Mike is bearish on oil in the short term. (source: Gold To $3,000, Oil To $40, Bitcoin To $10,000: The Deflation Trade Is Here | Mike McGlone)
2026-07-30 — Mike is bearish on Bitcoin in the short term. (source: Gold To $3,000, Oil To $40, Bitcoin To $10,000: The Deflation Trade Is Here | Mike McGlone)
2026-07-30 — Mike is bearish on oil over the medium term. (source: Fed Cuts Are Coming Next and They Mean Recession | Mike McGlone)
2026-07-30 — Mike is bearish on silver. (source: Fed Cuts Are Coming Next and They Mean Recession | Mike McGlone)