Tom Bodrovics welcomes Peter Goodburn, founding partner of WaveTrack International to the show. They discuss the impact of recent geopolitical events in the Middle East on financial markets, with a focus on commodities and metals. Goodburn, an advocate of Elliott Wave analysis, emphasized that this method discounts fundamental news, with price action preceding exogenous events. He cited the recent decline in precious metals, despite expectations of a safe-haven rally, as an example of this phenomenon. Goodburn also discussed the “shock pop drop” cycle, a concept he introduced in 2010 to explain the behavior of stock and commodity markets since the Great Depression. According to this framework, the financial crisis of 2008 was the “shock,” followed by a “pop” phase of commodity inflation, which is still ongoing and expected to last until the end of the decade. The subsequent “drop” phase will be characterized by a collapse in asset prices. Watch this video on YouTube Goodburn expects interest rates to rise significantly in the coming years, with the Fed funds rate potentially reaching 10%. He also discussed the implications of the US dollar’s bearish long-term outlook for commodities and the potential for a significant increase in oil prices in the future. Goodburn provided specific price targets for various commodities, including gold, silver, platinum, and uranium, based on Elliott Wave analysis. He also highlighted the importance of questioning mainstream narratives and conducting independent research in financial markets. Goodburn encouraged listeners to explore WaveTrack International’s reports and services for further insights. Timestamps: 00:00:00 – Introduction 00:01:05 – Geopolitical Events Market Impact 00:06:20 – Shock Pop Drop Cycle 00:12:26 – Inflation & Rates Path 00:13:41 – Dollar Bearish Outlook 00:14:52 – Copper Price Manipulation 00:16:09 – Pandemic Inflation Impulse 00:20:43 – Copper Crude Ratio Analysis 00:33:34 – Gold Silver Reaction 00:36:18 – Precious Metals Technicals 00:43:35 – Silver Targets Strategies 00:47:47 – Platinum Outperformance Forecast 00:53:12 – Uranium Market Roadmap 00:57:33 – Concluding Thoughts
