Financial Survival Network, Released on 7/17/24
Kerry Lutz and Chris Vermeulen delve into key financial topics including the stock market, gold and silver markets, crude oil market, U.S. dollar index, and inflation. Vermeulen shares his expertise on the late stages of the stock market, stressing the importance of staying invested and following trends until a clear reversal appears. He predicts a short-term downside for gold at a certain level but foresees a future cleansing event similar to the 2008 crash. Despite this, Vermeulen is optimistic about a multi-year uptrend in gold and silver, forecasting silver to rise to $34-37 in the next one to two months. The conversation also explores the transformative potential of a new digital currency in the coming years and the significant changes it could bring to the financial system and global economy. They discuss the economic implications of political decisions, such as tariffs on Chinese goods, on inflation rates. Vermeulen expresses concerns over the necessity of a market reset to curb inflation and its potential impact on businesses and consumers. Overall, this meeting provides a thorough analysis of market trends and emphasizes the need to closely monitor these developments in the months ahead.
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.
Misprint headline, should have read “$29 silver around the corner”