Gold and silver may not have reached their final lows, according to technical analyst Chris Vermeulen, who warns that both metals could see another major leg down before the next long-term bull market begins. Using Fibonacci analysis, he explains why silver could fall toward $40-$39 and gold toward $3,600-$3,300 despite growing bullish sentiment among investors. Vermeulen also points to a weakening stock market, a strengthening U.S. dollar, and rising oil prices as potential catalysts for a...
Gold and silver may not have reached their final lows, according to technical analyst Chris Vermeulen, who warns that both metals could see another major leg down before the next long-term bull market begins. Using Fibonacci analysis, he explains why silver could fall toward $40-$39 and gold toward $3,600-$3,300 despite growing bullish sentiment among investors. Vermeulen also points to a weakening stock market, a strengthening U.S. dollar, and rising oil prices as potential catalysts for a broad market washout. He discusses why panic selling could create one of the best long-term buying opportunities in years for precious metals. Finally, Chris shares what indicators he's watching to determine when the next sustained bull market in gold and silver is ready to begin.
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INTERVIEW TIMELINE:
0:00 Intro
1:10 Silver to $39?
8:00 Gold to $3300?
15:30 Stock market breakdown
19:30 Holding cash vs shorting stocks
21:18 The Technical Traders
22:30 Weekly specials
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