Chris Vermeulen of @TheTechnicalTraders shares his latest outlook for gold, saying that while it's currently taking off in a "blow-off phase," he anticipates a significant correction once the broader stock market enters a downturn.
"I think people need to be very aware that the (stock) market I believe has put in a major top, and this is a false rally — this is a bear market rally that's going to suck a lot of people in to buy," he said.
However, once that correction happens, Vermeulen sees gold moving strongly upward once again in an "incredible multi-year rally" that also includes silver and mining stocks.
❓ Is the gold price due for a correction? Tell us in the comments!
This interview was filmed on April 25, 2025.
#Investing #Gold #Silver
0:00 - Intro
0:18 - Gold in blow-off phase
6:41 - Sweet spot to buy gold
11:10 - US dollar outlook
13:55 - Major stock market top
18:35 - More bond market pain?
21:55 - Forecast for US economy
25:35 - Silver price outlook for 2025
27:49 - Bitcoin set up for big trade?
30:56 - Gold, cash, watching Bitcoin
34:36 - Outro
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