It Will ALL Collapse... - Chris Vermeulen | Gold Silver Price
It Will ALL Collapse… – Chris Vermeulen | Gold Silver Price
Chris Vermeulen just closed his Nasdaq trade on a signal alone – and he says gold, silver, and real estate are all setting up for the same kind of move next. Chris Vermeulen, chief market strategist at The Technical Traders, breaks down why he believes bond yields haven’t peaked, why he closed his Nasdaq position this week, and the technical level he’s watching for the next leg down in tech stocks. He also lays out his bear-market view on gold and silver, including the exact price levels he’s waiting to buy, and why he thinks real estate – especially in Canada – is only beginning a much bigger correction. This video also includes our own market evaluation of his claims, checking them against the latest Treasury yield, Fed, gold, silver, and S&P 500 data. Topics covered: the 10-year yield and why he says this bounce won’t last, his reasoning for exiting the Nasdaq trade, the QQQ level that could trigger a much deeper drop, when he’d get back into stocks, why healthcare looks stronger than utilities right now, his gold and silver bear-market targets, his one rule for ‘catching a falling knife’ in precious metals, and his forecast for a 20%-plus real estate correction, including new foreclosure data out of Vancouver.
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