Netflix Inc has stunned Hollywood with an $83 billion takeover bid for Warner Bros. Discovery assets – effectively sidelining Paramount Skydance from a buyout it had long coveted.

While investors remain sceptical on whether the peace deal will go through, it has impacted the market sentiment and prices.

In this week's podcast I provide an Elliott Wave analysis of gold, silver, and platinum markets.

Core PCE now-cast hit 2.9%, showing inflation remains sticky and above target, adding uncertainty to Fed rate-cut expectations.

Ratio charts reveal metals surging, equities weakening, and valuations stretched. Gold, silver, and palladium lead as stock indexes look fragile.