Chris Vermeulen: Caution Advised Before Gold Targets $5000 and Silver Targets $100+
Tom welcomes Chris, the founder of Technical Traders Ltd., back to the program. Chris discusses the enormous short position on silver and why it will take awhile to unwind.
To subscribe to our newsletter and get notified of new shows, please visit http://palisaderadio.com
Silver has hit his previous targets and appears to be moving higher. He says, "We are now in a bull market for silver," and he gives us his next targets. More upside remains for the metals, but the broader markets will probably roll-over later this year. That will likely spark a sell-off and after that correction who knows how high silver and gold can go.
Currently, there is zero fear in this market, and investors are becoming overleveraged. This is typically when everyone gets caught holding the bag, and while the Fed may try, they probably can't maintain this level of market momentum.
The dollar is beginning to fall, having broken its March lows and appears setup for a significant downtrend.
The problems today are bigger than in 2008, and as the economy worsens, the Fed will attempt to print more, which can only be bullish for metals. Globally, interest in gold due is increasing due to concerns about the economy and policies of central banks.
Guest Links:
Twitter: @TheTechTraders
Website: https://www.thetechnicaltraders.com/
Time Stamp References:
0:40 - Shorts are starting to sweat.
2:25 - Silver technicals.
6:25 - Timeline for targets.
9:36 - Exposure and volatility.
11:25 - US Fiscal cliff and the dollar.
13:30 - Gold and Silver in a general equity drop.
20:00 - Transportation index and signals.
23:00 - Trend for oil and possible correction.
25:30 - Real estate and commercial in particular.
28:00 - Caution from here?
#ChrisVermeulen #TheTechnicalTraders #Gold #Oil #Bonds
-
48:21
Palisades Gold Radio
27 days agoSimon Hunt: Markets, Bonds, and Currencies are Heading for a Last Hurrah as the Risk of War Grows
6112 -
2:48
Arcadia Economics
2 years agoBlackrock Silver Identifies 10 High-priority Drill Targets
12 -
2:22:21
Phantombit Plays
2 years agoGrovel before Graveler | Heart Gold Soul Silver Randomized Soul-Link W/ Darkjester
1 -
4:12
OLD TYME MUSIC VIA PLAYER PIANO
2 years agoSILVER THREADS AMONG THE GOLD
16 -
LIVE
Glenn Greenwald
1 hour agoFlashback: Glenn Retraces the 30-Year Domestic War on Civil Liberties that Launched Gore Vidal’s Political Transformation | SYSTEM UPDATE SPECIAL RERUN
2,931 watching -
LIVE
WeAreChange
2 hours agoBiden EXPOSES Kamala’s Hurricane Fabrication! Musk To Jail??
3,460 watching -
1:18:35
Redacted News
4 hours agoHIGH ALERT "GET OUT NOW OR DIE" FLORIDA OFFICIALS WARN STATE IS ABOUT TO BE DESTROYED | REDACTED
82.7K323 -
UPCOMING
Edge of Wonder
3 hours agoThe Military Industrial Complex & Breakaway Civilizations?
926 -
LIVE
Chrissy Clark
1 hour agoWedding Recap, Trump On ‘Call Her Daddy’ & MORE! I Underreported Stories
353 watching -
1:38:07
vivafrei
5 hours agoKamala Harris Media Blitz is a Political Titanic! Canadian Forest Fire Negligence is CRIMINAL!
59K47