Milk Road Macro

Oil just spiked above $100. Gold is pushing toward new all-time highs. And geopolitical tensions are reshaping global markets. In this episode of Milk Road Macro, we sit down with Nicky Shiels, Head of Research and Metals Strategy at MKS PAMP, to break down the macro forces driving the surge in commodities and what it means for investors.

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Nicky Shiels: https://x.com/nixsa84

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses

In this episode of Milk Road Macro, we break down how wars, government debt, and central bank policy shape global markets, and why Bitcoin may be positioned to benefit regardless of how the macro environment evolves. David Brickell explains why geopolitical conflicts often lead to more debt issuance, more liquidity injections, and ultimately higher asset prices. We also dive into the growing role of Bitcoin in the global financial system, how institutional adoption is accelerating, and why the current market environment could create a “heads I win, tails you lose” scenario for BTC.

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David Brickell: https://x.com/davidbrickell80

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses

In this episode of Milk Road Macro, we break down what the Iran conflict means for oil markets, inflation, Federal Reserve policy, bond yields, and risk assets. While headlines focus on war, the real story may be how markets were already positioned before the strike. Oil had been breaking out. Gold was gaining momentum. Bond yields were starting to roll over. The question now is whether this escalation accelerates those trends.

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🌍 Stablecoins just got an upgrade, Bridge makes them instant, global, and dead simple for businesses:

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Keith McCullough: https://x.com/KeithMcCullough

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses

In this episode of Milk Road Macro, we sit down with veteran commodities trader Sal Gilbertie to break down why real assets are gaining attention in 2026, how geopolitics and trade wars are reshaping supply chains, and what investors need to know about agriculture, energy, metals, and digital assets.

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🌍 Stablecoins just got an upgrade, Bridge makes them instant, global, and dead simple for businesses:

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🎙 GUEST INFO 🎙

Sal Gilbertie: https://x.com/GilbertieSal

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses

In this episode of Milk Road Macro, we sit down with veteran macro strategist Michael Pento to unpack his warning about a historic “triple bubble” across equities, real estate, and debt markets, and what it could mean for investors in 2026 and beyond. Pento argues that years of ultra-low interest rates, money printing, and massive government deficits have distorted asset prices across the board, leaving the global economy highly fragile. With affordability collapsing, debt levels surging, and financial conditions tightening, even a small shock could trigger a major market reset.

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🧾 Turn your crypto tax nightmare into an IRS-ready report in minutes with Summ, start free and get 20% off with code MILKROAD20:

⁠⁠⁠⁠⁠⁠https://out.milkroad.com/Summ2026Podcast⁠⁠⁠⁠⁠⁠

🌍 Stablecoins just got an upgrade, Bridge makes them instant, global, and dead simple for businesses:

⁠⁠⁠⁠⁠⁠https://out.milkroad.com/Bridge2025Podcast⁠⁠⁠⁠⁠⁠

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🎙 GUEST INFO 🎙

Michael Pento: https://linktr.ee/michaelpento

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses

In this episode of Milk Road Macro, Chief Market Strategist Ryan Detrick explains why the bull market may still be intact despite weakness in tech and risk assets. He breaks down key macro signals, including strong market breadth, resilient earnings, stable labor data, massive AI CapEx, firm credit markets, persistent inflation near 3%, and global leadership from industrials, commodities, Europe, and emerging markets. Ryan also discusses Federal Reserve policy, rate cuts, geopolitical risks, volatility, and what could drive stocks higher, or trigger a correction in 2026.

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🧾 Turn your crypto tax nightmare into an IRS-ready report in minutes with Summ, start free and get 20% off with code MILKROAD20:

⁠⁠⁠⁠⁠https://out.milkroad.com/Summ2026Podcast⁠⁠⁠⁠⁠

🌍 Stablecoins just got an upgrade, Bridge makes them instant, global, and dead simple for businesses:

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🎙 GUEST INFO 🎙

Ryan Detrick: https://x.com/RyanDetrick

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses

In this episode of Milk Road Macro, technical analyst Chris Vermeulen lays out the case that markets may be transitioning from late-cycle distribution into a potential financial reset. While the S&P 500 is still technically in an uptrend, momentum is fading, the Nasdaq is showing lower highs and lower lows, and the Magnificent 7 are beginning to roll over. When market leadership weakens, broader indices often follow.

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🧾 Turn your crypto tax nightmare into an IRS-ready report in minutes with Summ, start free and get 20% off with code MILKROAD20:

⁠⁠⁠⁠https://out.milkroad.com/Summ2026Podcast⁠⁠⁠⁠

🌍 Stablecoins just got an upgrade, Bridge makes them instant, global, and dead simple for businesses:

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The Technical Traders

X: https://x.com/TheTechTraders

Website: https://thetechnicaltraders.com/

YouTube: https://www.youtube.com/@TheTechnicalTraders

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses

In this episode of Milk Road Macro, we break down why geopolitics, not inflation, not the Fed, not earnings, is becoming the dominant force driving global markets in 2026. Matt Gertken (Chief Geopolitical Strategist at BCA Research) joins us to unpack the rising instability in Iran, the real risk of disruption in the Strait of Hormuz, and what a potential oil shock would mean for equities, commodities, and crypto markets.

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🧾 Turn your crypto tax nightmare into an IRS-ready report in minutes with Summ, start free and get 20% off with code MILKROAD20:

⁠⁠⁠https://out.milkroad.com/Summ2026Podcast⁠⁠⁠

🌍 Stablecoins just got an upgrade, Bridge makes them instant, global, and dead simple for businesses:

⁠⁠⁠https://out.milkroad.com/Bridge2025Podcast⁠⁠⁠

~~~~~

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🎙 GUEST INFO 🎙

Matt Gertken: https://x.com/mgertken

BCA Research: https://www.bcaresearch.com/

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses

Are we witnessing the beginning of a new commodity supercycle? In today’s episode of Milk Road Macro, Clem Chambers breaks down why gold, silver, platinum, palladium, and copper are moving, and what it signals for the global economy. Gold has been surging, but according to Clem, this isn’t just about inflation or interest rates. It’s about geopolitics. Central banks are buying gold aggressively as global tensions rise, and history shows gold often acts as the “currency of war.” If conflict risk remains elevated, the bid under precious metals may not disappear anytime soon.

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Clem Chambers

X: https://x.com/ClemChambers

YouTube: https://www.youtube.com/@ClemChambersAlpha

Substack: https://clemishere.substack.com/

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses

In this episode of Milk Road Macro, Andreas Steno Larsen, explains why the macro playbook that worked for the last 15 years is broken, and why markets haven’t fully priced in the new regime we’re entering. We discuss how AI is pressuring the software-as-a-service economy, why private credit may be sitting on hidden risk, and how this is triggering a major rotation from software into hardware, energy, metals, and infrastructure. Andreas also breaks down why the recent ISM surge is not seasonal noise, but the result of a powerful tax rule that is forcing U.S. companies to ramp CapEx this year by design.

~~~~~

🧾 Turn your crypto tax nightmare into an IRS-ready report in minutes with Summ, start free and get 20% off with code MILKROAD20:

⁠https://out.milkroad.com/Summ2026Podcast⁠

🌍 Stablecoins just got an upgrade, Bridge makes them instant, global, and dead simple for businesses:

⁠https://out.milkroad.com/Bridge2025Podcast⁠

~~~~~

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Andreas Steno Larsen: https://x.com/AndreasSteno

📃 Disclaimer 📃

The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses