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Milk Road Macro

Milk Road
Federal Reserve
Bitcoin
Gold
Inflation
Stablecoins
Interest Rates
Artificial Intelligence
Monetary Policy
Housing Market
Digital Assets
China
Silver
Liquidity
S&P 500
Tariffs
Stock Market
Oil
Cryptocurrency
Emerging Markets
Labor Market

Helping everyday people get smarter about macro investing. Learn how global markets impact our favourite risk assets like Bitcoin, tech stocks, and more! 🌍 Macro moves markets, get ahead of the game with Milk Road Macro Newsletter every Tuesday and Thursday, in your inbox: milkroad.com/macro/

PublishesTwice weeklyEpisodes84Founded10 months ago
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Latest Episodes

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Legendary financial advisor and bestselling author Ric Edelman joined Milk Road Macro to explain why Bitcoin adoption is becoming in... more

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Markets just pulled off one of the sharpest bullish reversals in history. And according to Fundstrat's Mark Newton, there's STILL no ... more

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In today’s episode, we sat down with market veteran Clem Chambers on Milk Road Macro to break down the massive structural shifts happe... more

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Lance Roberts came on the show with a take that's gonna make some people uncomfortable. The return of bullish sentiment? Might actually... more

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Recent Guests

Lance Roberts
Chief investment strategist and economist at RIA Advisors; lead editor of Real Investment Report
RIA Advisors / Real Investment Report
Episode: Lance Roberts: The Bulls Are Back… But This Setup Looks Dangerous
Tavi Costa
Macro investor, strategist, and portfolio manager; founder/CEO of Azuria Capital
Azuria Capital
Episode: The Biggest Commodity Bull Market of the Decade Is Just Starting w/ Tavi Costa
Milton Berg
Veteran market analyst, CEO and chief investment strategist of MB Advisors (founded 2012)
MB Advisors
Episode: 70 Years of Market Data Says the Strongest Bullish Signal Since 2025 Just Triggered w/ Milton Berg
Bob Elliott
CEO and CIO of Unlimited Funds; former Bridgewater analyst
Unlimited Funds
Episode: The Old Market Regime Is Dead: Why Portfolios Are Misaligned in 2026 w/ Bob Elliott
Olly Hansen
Head of commodity strategy at Saxo Bank
Saxo Bank
Episode: The Commodity Crisis Playbook: Position Before It’s Too Late (From A 20-Year Veteran) w/ Ole Hansen
Michael Oliver
Veteran market technician and founder of Momentum Structural Analysis
Momentum Structural Analysis (MSA)
Episode: This 50-Year Pattern Just Broke: Is Silver About to Go Parabolic? w/ Michael Oliver
Jeffrey Christian
Leading precious metals and commodities market analyst, founder of CPM Group
CPM Group
Episode: Gold Price Prediction: Why the Bull Run Isn't Over w/ Jeffrey Christian
Jeff Clark
Globally recognized precious metals analyst, founder of The Gold Advisor, author
Gold Advisor / Pay Dirt with Gold and Silver Stocks
Episode: The Gold Crash That Could Trigger a Bigger Rally w/ Jeff Clark
Rory Johnston
Oil market expert, founder of Commodity Context
Commodity Context
Episode: The Biggest Economic Crisis in History May Have Already Started (Oil Shock Explained) w/ Rory Johnston

Host

John Gillan
Host of Milk Road Macro; long-running macro and market analysis presenter.

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Talking Points

Recent interactions between the hosts and their guests.

The Biggest Commodity Bull Market of the Decade Is Just Starting w/ Tavi Costa
Q: What is your current outlook on the equities bull run and the risks of a pullback?
The outlook is constructive due to energy and commodity demand drivers, but there are meaningful risks tied to inventories, geopolitics, and de-globalization that could cause volatility. A patient, thesis-driven approach focusing on energy, mining, and LatAm, with attention to capital allocation and potential policy shifts, is prudent.
This 50-Year Pattern Just Broke: Is Silver About to Go Parabolic? w/ Michael Oliver
Q: What would you consider a 'trigger' event for a crash, if any?
The plan is that a crash would require a significant, erosional drop rather than a fast one-day crash; the level is not yet near, and until momentum structures break decisively, the market is viewed as topping with counter-trend rallies rather than an immediate crash.
This 50-Year Pattern Just Broke: Is Silver About to Go Parabolic? w/ Michael Oliver
Q: How should a listener think about silver vs. silver miners as an investment?
Silver has broken out technically and is likely to lead to gains; however, miners tend to outperform bullion when the metal is rising, so a position that includes silver miners alongside physical silver can capture both the metal's upside and leveraged exposure to price moves of silver.
This 50-Year Pattern Just Broke: Is Silver About to Go Parabolic? w/ Michael Oliver
Q: What is the core reason you think silver is breaking out now?
The combination of monetary inflation (massive M2 growth), a defined deficit in silver supply relative to demand (driven by solar, energy, and industrial use), and a structural breakout against gold plus a favorable miners' setup all point to a new monetary reality where silver can rally rapidly.
New All-Time Highs Everywhere… Is This Bull Run Just Getting Started?
Q: How is inflation impacting the outlook for the market?
Inflation is rising modestly due to energy and supply shocks, but the guest believes that unless inflation accelerates meaningfully, rate cuts are not guaranteed and the market will rely more on fundamentals than monetary policy.

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Frequently Asked Questions About Milk Road Macro

What is Milk Road Macro about and what kind of topics does it cover?

Macro-focused analysis podcast exploring how global markets influence risk assets like crypto, tech stocks, and commodities. Recent episodes center on central bank policy, inflation dynamics, oil and energy shocks, and the interplay between liquidity, geopolitical events, and portfolio construction. Guests are typically seasoned macro strategists, commodity researchers, and industry analysts who offer actionable theses, trade ideas, and frameworks for navigating volatility—often including sponsor integrations and practical takeaways for listeners ranging from retail traders to institutional investors. A notable strength is the depth of macro context applied to real-time market moves, with recurring emphasis on oil, gold, copper, and AI-driv... more

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1. The Milk Road Show
2. Forward Guidance
3. Raoul Pal: The Journey Man
4. Milk Road AI
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How many episodes of Milk Road Macro are there?

Milk Road Macro launched 10 months ago and published 84 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Milk Road Macro?

Recent guests on Milk Road Macro include:

1. Lance Roberts
2. Tavi Costa
3. Milton Berg
4. Bob Elliott
5. Olly Hansen
6. Michael Oliver
7. Jeffrey Christian
8. Jeff Clark

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