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Kitco NEWS InterviewsShort-term bear trend not yet over for gold until this level hits - Chris VermeulenGold is down, at one point, 0.6% on Monday, but traders and investors alike need to understand that this really is not a big move, said Chris Vermeulen, chief market strategist at https://TheTechnicalTraders.com.
“Today, we’re just this tiny little red bar, this average, usually we see a quarter of a percent, or half a percent move in gold, and today we’re down only half a percent,” Vermeulen said.
Gold miners, which usually lead the bullion in price action, have another 10% or so of downside before prices rebound, he added.2021-03-2220 minKitco NEWS InterviewsGold price is set up to trade lower before bottoming – Chris VermeulenBoth stocks and gold are showing technical chart patterns that suggest an imminent correction, said Chris Vermeulen, chief market strategist at TheTechnicalTraders.com.
“It feels like the calm before the storm. I think this market, the stock market, is setting up for potentially a pretty big downdraft,” Vermeulen said.2021-03-0423 minKitco NEWS InterviewsTraders take profits in GameStop as stock falls 80% from highs - Chris VermeulenGameStop shares fall by 60% on Tuesday, as the price hit $90.
"I think the GameStop move is pretty much done," says Chris Vermeulen, chief market strategist at The Technical Traders.2021-02-0415 minKitco NEWS InterviewsBitcoin, gold, stocks, all face danger in 2021 – Chris VermeulenWhen something goes straight up, it usually comes straight back down said Chris Vermeulen, chief market strategist at The Technical Traders, referring to bitcoin's recent parabolic move upwards.
Gold sees upside to the $2,400 an ounce level in 2021 but faces risks of a possible stock market correction that could drag the metal down.2021-01-0618 min