Chris Vermeulen, Chief Market Strategist at The Technical Traders, returns to the show, and we discuss the current state of the stock market and the potential impact of the debt ceiling deal on the economy. He emphasizes the importance of technical analysis over the following news and highlights the possibility of a stage four decline and financial reset in the market. Chris also shares insights into the performance of gold and silver, explaining how they have been affected by recent market dynamics. Furthermore, Chris discusses the role of precious metals as a defensive play and outlines the strategy used by The Technical Traders to profit from market movements.
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► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.
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30 Comments
I appreciate Chris for telling the honest story.
Andy sells silver for a living so Silver is always ready to explode and Silver is always almost sold out. 🤣
A lot of things "could" happen. So what if it drops? It will be very short lived. No one is selling their silver, clowns.
All this guy ever says is "could do this, could do that", anybody knows that. Pretty much useless "analysis", I don't care when he is a bull or a bear, means nothing, like his windowless basement apartment office in Toronto doesn't reek of success. Show us the view Chris, surely all your great calls have afforded you an office with a window, not just a dark corner? LOL!
Buy Silver and Platinum.
Calm down. Slv is going to $29.
I pass on the book. I also pass on silver. I am interested in buying gold at the cheapest price I can. No one needs a book to hold gold as a safe haven. Vermillion has nothing the physical gold stacker needs.
Paper could crash but physical won't budge! 🦍
The price of silver was $19 in 1955
Gotta listen to that Cramer guy. Knows nothing
as a longtime gold/silver bagholder………its regrets everyday
Awesome analysis
Fednow less then 30 days
Yawn
It used to be that shares was for companies to get cash to extend business
Now it’s a playground for greedy man
Given that gold, compared to the S & P, is at a 120 year low (miners, also near this level) it could rocket up, when the right environment prevails; except for possibly the controls in place. So, who really knows.
I like Chris' investing strategy. First interview, of his, I've seen. Will investigate further. Thanks, Ivan, good interview.
Good salesmen this fella. Look at back catalogue and he says it might rain today but it might not…. So when something happens he's of course correct as he covered both eventualities.
this guy IGNORES There IS AN ECONOMIC WAR between the dollar , and everyone else that is f,,,ked off with gold being MANIPULATED BY THE dollar THIS INCLUDES CHINA AND RUSSIA , THEY ARE NOT GOING TO JUST DISSAPPEAR WITH tech B/S TARRIFFS AND THE FED
Jim Cramermeulen.
This guy has no clue what he is talking about. Never have him on again.
Salesman with an agenda just like all the other a**holes
Last year he said the same thing then gold and especially silver had a huge bounce upward,so his price predictions maybe a counter indicator lol!
If the silver symposium in Las Vegas were held on a weekday instead of a weekend then the hotels would be half price and we could buy more silver.
Useless
100 percent it will drop drastically, the turd powers that be will need to load up on it so they will drive gold below 1000k i bet!
GREAT. CHINA AND RUSSIA WILL B SENDING THANK U CARDS TO THE MORONS SELLING
This guy is FOS
I just look at all of this as gambling at a casino. I put my savings into a deep freeze when buying gold/silver while also keeping a fixed minimum in cash.
It goes lower cause it's Rigged!🤪
Metal bulls are cute , it wont change until the whole system changes
Secretary Kissinger asks: "Why is it against our interest to have gold in the system?"
Assistant Undersecretary Enders answers him.
Mr. Enders: It's against our interest to have gold in the system because for it to remain there it would result in it being evaluated periodically. Although we have still some substantial gold holdings – a larger part of the official gold in the world is concentrated in Western Europe. This gives them the dominant position in world reserves and the dominant means of creating reserves. We've been trying to get away from that into a system in which we can control.
Secretary Kissinger: But that's a balance-of-payments problem.
Mr. Enders: Yes, but it's a question of who has the most leverage internationally. If they have the reserve-creating instrument, by having the largest amount of gold and the ability to change its price periodically, they have a position relative to ours of considerable power. For a long time we had a position relative to theirs of considerable power because we could change gold almost at will. This is no longer possible — no longer acceptable. Therefore, we have gone to Special Drawing Rights, which is also equitable and could take account of some of the less-developed-country interests and which spreads the power away from Europe. And it's more rational in …
Secretary Kissinger: "More rational" being defined as being more in our interests or what?
Mr. Enders: More rational in the sense of more responsive to worldwide needs — but also more in our interest. …
Whoever has the most gold can control its valuation — and implicitly the valuation of every currency — and thereby create the most "reserves," the most money.
❤🎉 excellent news