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Is Gold Topping At $2750? | Chris Vermeulen
Chris Vermeulen (https://thetechnicaltraders.com/) discusses the current trends in the gold and silver markets, highlighting key levels and the potential for a pullback, which he views as an opportunity for precious metal investors. He emphasizes the importance of Fibonacci levels in predicting market movements, suggesting that while gold may experience short-term weakness, it could lead to a significant long-term rally. Vermeulen also addresses the recent surge in silver prices and the volatility associated with it, noting the potential for a dramatic rise towards $50 in the future. He draws parallels between the current market conditions and past cycles, particularly the 2008 financial crisis, suggesting that investors should prepare for possible downturns as a precursor to future gains.
INTERVIEW TIMELINE:
0:00 Intro
1:14 Gold
5:59 Silver
9:53 Stock market
17:51 The Technical Traders
19:19 Weekly specials
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