McCullough: "That’s How We Make The Big Money"

05/18/20 02:47PM EDT

Below is a brief excerpt transcribed from Monday's edition of The Macro Show hosted by Hedgeye CEO Keith McCullough.

McCullough: "That’s How We Make The Big Money" - 5 18 2020 1 35 53 PM

I’ll tell you what wasn’t down this past week, which continues to perform not only on a 1-week basis, a 3-month basis, and a full investing cycle return basis.

That’s right, Gold!

That’s how we make the big money. Instead of panic attacks just think about it. You’re up +2.5% last week. You’re up 10% in the last three months. You’re up 47% going back to when we bought Gold in the beginning of 4Q18.

Across all durations that really matter, that’s how you make money.

Today is a day to book more gains with Gold at the top end of the range. It is making higher highs. I call this Phase 4 (channeling my inner President Trump) of the bull market in Gold. That’s when you get these blasts higher.

And this is the fourth one in particular going back over 1 ½  years now.

McCullough: "That’s How We Make The Big Money" - 5 18 2020 1 34 04 PM

© 2020 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.