Expect Freefalling Markets; COVID Crash "On Steroids" | David Hunter

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David Hunter, a veteran contrarian macro strategist, is forecasting a major "melt-up" in financial markets followed by a dramatic collapse. He predicts that stock markets will continue to surge, with the S&P 500 possibly reaching 7,500 and the NASDAQ hitting 25,000 before this parabolic rally culminates. However, Hunter warns that this final stage will be followed by a global economic bust, driven by decades of overspending, overborrowing, and central bank policy errors. In terms of precious metals, he has a bullish pre-bust outlook, forecasting gold to rise to $3,400 and silver to reach $75 in the near term, boosted by a weakening dollar and falling interest rates. He then sees a crash in prices. After the bust, Hunter sees both metals continuing their upward trajectory, with gold potentially reaching $20,000 and silver soaring to $500 as part of a broader commodity-driven recovery.