The Julia La Roche Show · Tuesday, July 14, 2026
Larry McDonald suggests that a stagflationary scenario, characterized by slower growth and sticky inflation, is likely for the next six to nine months, especially considering potential political shifts and economic indicators. This environment would be particularly bullish for gold miners.
“So the bottom line is, if you want to trade for the next six, nine months, it's really that stagflation trade, that slower economy, mid-term elections, the fiscal controls put in Washington.”
“In other words, less deficit spending, slower growth, sticky inflation. And that's a good recipe for, um, Agnico Eagle, AEM equity, GDX, and the gold miners.”
“It's pounding the table by down here.”