Professional trader and market commentator Chris Vermeulen says gold stocks are overbought and need a breather which would be good for the overall upward trend. Chris shares how he has and is trading the junior gold sector. He called the recent February 24th top in the gold stocks before the March crash. And now he is wanting to top of some gold stock positions during an expected pullback. Chris also address whether a lot of the gap-up's in many gold stocks must be filled before they can run higher. This interview is full of advice from an experienced trader in the gold sector.
0:15 Introduction1:25 Do these gap-up's in the charts of many gold stocks need to be filled before they can go higher?3:14 Liquid companies more likely to get their gap-up's filled?5:23 Chris called the Feb 24th high in the junior gold stocks7:32 How do you time your entry into and exit out of tiny gold juniors?11:03 What type of pull back in gold stocks should we expect?12:37 How Chris approaches riskier trades15:10 Navigating trading the futures market16:22 How are you trading oil?18:38 Extreme volatility leads you into cash?20:00 CAD to trend lower against the USD?21:12 Do you close your trades before a long weekend?22:41 What makes your trading service unique?
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.