Gold Price on the Cusp of Reaching $2,100 - Video / Commodities / Gold & Silver 2020
Chris Vermeulen, CEO & Founder of Technical Traders Ltd., joins Tom Bodrovics at Palisade Radio to discuss the markets and Chris says, “This is the time to really be paying attention to the markets… It could be a bloodbath.”
Chris is seeing uncertainty that could bring equities lower as money is flowing into safe havens. The charts are showing that markets are approaching a major inflection point, which could go either way. Both gold and silver should rise rapidly once they get past resistance.
Time Stamp References: 0:45 – Equities and safe havens. 2:00 – Market weakness – bear rally? 4:45 – Charts show a coming inflection point. 9:20 – Charts testing support on gold. 10:20 – Silvers chart is still ugly. 12:15 – What happened in oil? 20:00 – Equities may top and rollover.
Talking Points From This Episode
Equity markets may have a limited upside.If you don’t understand it, don’t buy it.His bullish outlook for gold and silver.Large caps are looking very good.Chris Vermeulen
www.TheTechnicalTraders.com
Chris Vermeulen has been involvedin 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
Through years ofresearch, trading and helping individual traders around the world. He learnedthat many traders have great trading ideas, but they lack one thing, theystruggle to execute trades in a systematic way for consistent results. Chrishelps educate traders with a three-hourvideo course that can change your trading results for the better.
His mission is to help hisclients boost their trading performance while reducing market exposure andportfolio volatility.
He is a regularspeaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chriswas also featured on the cover of AmalgaTrader Magazine, and contributesarticles to several leading financial hubs like MarketOracle.co.uk
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