In this clip from a recent episode of The Macro Show, Hedgeye CEO Keith McCullough explains why he thinks gold miners are in a “bullish setup.”

“I like them all,” McCullough explains.

“These companies need to consolidate and reduce their cost structure…and what it should do is unleash a round of further M&A.”

“If you’re a gold miner, and you spent all that time building capacity, and you’re like us and you think real bond yields continue to fall as growth slows, you’re probably in hurry-up offense to be buying companies.”

Watch the full clip above for more.

McCullough: Why We Like Gold Miners - real time alerts