Gold bugs and crypto maxis are often at odds.

Which one is the better long according to Hedgeye CEO Keith McCullough’s risk management scorecard?

“Gold is waiting for more confirmation,” explains McCullough on a recent edition of The Macro Show. It’s signaling higher lows and volatility is falling.

The economic regime will be critical to what happens next for Gold. “If it is Quad 3, gold is going to rock and roll,” explains McCullough. “If it’s Quad 2, Gold isn’t going to do sh!t for you.”

Compare this with the set-up in Crypto. “My sizing on Crypto is the largest it’s ever been, certainly relative to gold.”

McCullough: I Like Crypto More Than Gold (For Now) - University Banner copy