Peter Goodburn: Silver is Going to Drastically Outperform Gold

• Palisades Gold Radio
  Tom welcomes a new guest to the show, Peter Goodburn. Peter is the founding partner of WaveTrack International and has trading experience going back to the 1970s. He breaks down the concepts behind Elliott Wave trading and why it’s very useful in predicting price action. Peter discusses what the charts are indicating with regards to a diplomatic solution in Ukraine. Sufficient volume must be available for good long-term timeframe results with Elliott Wave. Peter demonstrates how well Elliott Wave theory predicted the price action of the 2007-2008 Financial Crisis. Future price development requires a very long-term approach with Elliott Wave. He demonstrates the use of Fibonacci sequences and wave patterns.
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  Peter gives us his thoughts on the coming commodity supercycle and why the dollar will be a significant factor. He takes a good look at the oil and copper charts. Inflation will head higher after a lull and that will help propel commodities higher. Further weakness is coming for the dollar which will also drive inflation. He shows an interesting chart for Newmont Goldcorp and where he expects the miners to move. Silver will likely make new record highs. He believes that silver will begin to outperform gold. Time Stamp References:
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  0:00 – Introduction
  0:49 – Elliott Wave & News
  4:56 – Russia Thoughts
  8:31 – Elliott Timeframes
  10:37 – The Financial Crisis
  19:58 – Commodity Supercycle
  29:25 – Dollar & Commodities
  33:52 – CPI Thoughts
  41:12 – Gold & Miners
  50:00 – Silver Miners
  53:19 – Uranium
  1:01:42 – Concluding Thoughts
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  Talking Points From This Episode
  – Elliott Wave theory principles and his thoughts on Russia based on their charts.
  – How Elliott Wave predicts price action and why it was very useful around the 2008 financial crisis.
  – The coming commodity supercycle, the dollar, and expectations for inflation.
  – The miners and where the metals may head in the coming years.

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