Peter Goodburn: Amid Iran Chaos 🚨 Gold & Silver Plunge – Rebound When?

The Competent Investor · Mar 4, 2026 · 1h 3m

Tom Bodrovics welcomes Peter Goodburn, founding partner of WaveTrack International to the show. They discuss the impact of recent geopolitical events in the Middle East on financial markets, with a focus on commodities and metals. Goodburn, an advocate of Elliott Wave analysis, emphasized that this method discounts fundamental news, with price action preceding exogenous events. He cited the recent decline in precious metals, despite expectations of a safe-haven rally, as an example of this phenomenon. Goodburn also discussed the “shock pop drop” cycle, a concept he introduced in 2010 to…