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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