About this episode
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.
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 – Introduction00:01:05 – Geopolitical Events Market Impact00:06:20 – Shock Pop Drop Cycle00:12:26 – Inflation & Rates Path00:13:41 – Dollar Bearish Outlook00:14:52 – Copper Price Manipulation00:16:09 – Pandemic Inflation Impulse00:20:43 – Copper Crude Ratio Analysis00:33:34 – Gold Silver Reaction00:36:18 – Precious Metals Technicals00:43:35 – Silver Targets Strategies00:47:47 – Platinum Outperformance Forecast00:53:12 – Uranium Market Roadmap00:57:33 – Concluding Thoughts
Guest Links:X: https://x.com/ElliottWave_WTIWebsite: https://wavetrack.com
Peter Goodburn is the founding partner of WaveTrack International. His trading experience spans back to the late 1970s working then in the commodi
