David believes this cycle will end in a bust, something more significant than a deep recession but not a drawn-out depression. He anticipated a big run from the March lows and says we are poised for another big run soon into a top.
He cautions that historic debt & derivative exposure will magnify market moves in both directions. Momentum, further stimulus and a V-shaped second half recovery will combine to drive the market to its final top.
However, much damage has been done and money alone cannot sustain a recovery. David expects a second phase of the bust in 2021 including a global financial crisis and a huge involuntary debt liquidation cycle. He gives his expectations for oil, the U.S. dollar, gold, silver and the miners.
- Source, Palisade Radio
