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Soar Financially

Is The GOLD Rally Over? Price Action Explained! | Chris Vermeulen

Nov 17, 2024
Chris Vermeulen, Chief Market Strategist at The Technical Traders, shares his expertise on market dynamics and price action. He analyzes the outlook for a potential multi-year bear market, discusses shifting trends in gold and Bitcoin, and the U.S. dollar's impact on commodities like silver and copper. Vermeulen emphasizes the importance of technical analysis and market sentiment, highlighting how emotional factors affect trading in volatile times.
39:10

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • A prolonged multi-year bear market may be looming, highlighted by economic signs such as rising unemployment and a struggling housing market.
  • Volatility in the gold market is expected, with potential retracements to key support levels indicating future opportunities for cautious accumulation.

Deep dives

Bear Market Concerns

A significant decline in various asset classes is anticipated, with a particularly bearish outlook for 2025. The speaker notes that while the equity market remains bullish for now, the overall economic signs—such as rising unemployment, increasing credit delinquencies, and a struggling housing market—signal looming weakness. Comparisons are drawn to the tech bubble of 2000, suggesting that a prolonged bear market may be on the horizon, echoing the multi-year downturn experienced during that time. The potential for a substantial correction in the equities markets raises concerns for both investors and business owners alike.

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