Wealthion · Wednesday, August 5, 2026
A speaker observed that current market conditions in the gold and silver sectors bear a resemblance to past peaks, which is concerning. While their base case remains a consolidation followed by another leg up, they are monitoring data that suggests a potential downturn, drawing parallels to 1980.
“But I have to say and here come the rotten tomatoes, you know, there is data that suggests that not that the market has peaked. But it is pretty spooky how similar this peak looks to the last one.”
“Consolidation then the next leg up is still for now my base case. But the data I just can't ignore it. Like the more it overprints what happened last time, the more alarming that becomes.”
“Um, and we're at a point right now where if things don't start getting better, it will start looking more like 1980, which would be even worse.”