Structure and Dynamics

This article continues our analysis of the gold price dynamics that was published in December 2010 and forecasted the possibility of the “burst of the gold bubble” in April –June 2011. Our recent analysis suggests the possibility of one more substantial fluctuation before the final collapse in July 2011. On the other hand, in early 2011 we detected a number of other commodity bubbles and forecasted the start of their collapse in May – June 2011. We demonstrate that this collapse has actually begun, which in conjunction with the forthcoming burst of the gold bubble suggests that the World System is entering a bifurcation zone bearing rather high risks of the second wave of the global financial-economic crisis.