Liberty and Finance, Released on 10/25/24
Chris Vermeulen 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.
0:00 Intro
1:14 Gold
5:59 Silver
9:53 Stock market
17:51 The Technical Traders
19:19 Weekly specials
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.