Current market patterns in energy, U.S. debt, and precious metals show concerning parallels to pre-Great Depression and pre-Great Recession periods, though an immediate crash may be avoided.

"Energy moves, U.S. public debt, and precious metal patterns all 'rhyme' with movements seen ahead of the Great Depression and the Great Recession, but that the S&P 500 index beginning to trail its performance 1929 could mean a 'meltup' preceding a collapse might not occur."