Elliot and Minsky models are pretty well known. You can read up on them if you are not aware of them.
If we take a very long term look at gold, we can see it has completed all the section of what would be expected in a Minsky bubble. The "New Paradigm" is usually at a round number break and supported by overwhelming news. In this case we have $2,000 and the record inflation.
Elliot wave also looks pretty clear. A main concern for Elliot with the short if wave 5 is not very extended and I always feel better about wave 5s if they hit 161 extensions. But the requirement for Elliot is just a false breakout. That might have been it.
If these models play out and we also see the implied bear move in indices - this would seem to paint a horrific picture. One in which risk and hedge assets get slammed. It'd be a wealth destruction event for most people.
This would also fit in with the next bubble us being due to see being the USD.
If we take a very long term look at gold, we can see it has completed all the section of what would be expected in a Minsky bubble. The "New Paradigm" is usually at a round number break and supported by overwhelming news. In this case we have $2,000 and the record inflation.
Elliot wave also looks pretty clear. A main concern for Elliot with the short if wave 5 is not very extended and I always feel better about wave 5s if they hit 161 extensions. But the requirement for Elliot is just a false breakout. That might have been it.
If these models play out and we also see the implied bear move in indices - this would seem to paint a horrific picture. One in which risk and hedge assets get slammed. It'd be a wealth destruction event for most people.
This would also fit in with the next bubble us being due to see being the USD.
