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MacroVoices #376 Tian Yang: When the Recession Becomes Obvious

Macro Voices

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Gold in an LPPL Bubble That Might Be Ending

On page 13, you're describing gold as being in an LPPL bubble that might be ending. For the benefit of any listeners not familiar with LPPL, please start by describing that indicator. And then tell us more about what's going on with gold. Yeah. Back in 2020, we did the podcast on the commodity super cycle back then. So I would say the three year cyclical capital cycle model, capital scarcity models, all still valid.

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