Peter Goodburn: The Dollar is in Its Terminal Phase
Palisades Gold Radio: 8-21-2022
Peter discusses how his commodity supercycle theory is likely to play out. This is a very long-term cycle over the past ninety plus years. Market fundamentals aren’t as useful as you might expect.
The Fed’s upcoming announcement will be interesting to see how things play out. Investment banks are reporting that the dollar is a crowded trade. This could mean we’re reaching a terminal phase for that trend.
He gives some predictions for copper, crude, and gold. Central banks appear to be behind the curve and reacting instead of being proactive. They need to be more forward-thinking.
Peter shows some long-term trends for the dollar and why we will see a decline out to 2030. The dollar may not have much left to the upside. The causes of this will likely be continued dedollarization and inevitable loss of confidence.
Whatever the trigger, we’re going to see a change in the way it’s treated globally.
Gold has been declining since March due to dollar strength. He believes we’re close to a bottom and should begin a new leg up.
Silver appears to have bottomed, which is a good sign for gold. Silver normally only outperforms gold in an uptrend.
Peter sees massive potential for platinum and miners in general over the next couple of years. Lastly, he examines the various indexes and their possible lows. We may be in for a final countertrend rally before we reach the lows.
Timestamp References:
0:00 – Introduction
0:35 – Commodity Supercycle
6:50 – Elliott Waves & Inflation
14:12 – Fundamental Drivers
20:25 – Fed Announcements
23:13 – Patterns & News
26:00 – Copper Prices & Crude
34:59 – Dollar Strength & Gold
47:16 – Silver Performance
50:48 – Platinum
52:24 – Trading Approaches
54:10 – Mining Equities
58:30 – Market Indices & Yields
1:07:56 – Interest Rates
1:10:05 – Wrap Up
Talking Points From This Episode – How the commodity supercycle will play out. – Outlook for copper, crude, gold, silver and yields. – Why silver and platinum will outperform. – Downside targets for equity indexes.
