INSIGHTS: Markets are Moving: When Will Speculation Turn Into the Crash?

S&P Markets are melting up while the cracks widen underneath, and this discussion unpacks why the land cycle's "winner's curse" phase looks like dot-com style concentration sitting on top of a GFC style end-of-cycle setup. We cover the MOVE index and the US bond market as the signals that matter, why tops can take months rather than days, and the case for treating gold and silver as insurance through the transition rather than a trade.