Gold’s About to Shock Us All! Something Huge Is Happening to Gold & Silver Prices – Chris Vermeulen

Gold’s About to Shock Us All! Something Huge Is Happening to Gold & Silver Prices – Chris Vermeulen

Gold’s About to Shock Us All! Something Huge Is Happening to Gold & Silver Prices – Chris Vermeulen

As the financial world turns its attention to the precious metals market, gold finds itself at a critical juncture. Recent analyses from industry experts paint a complex picture of potential price movements in the coming months.
The Heraeus report highlights a concerning trend for gold investors: since 2017, September has consistently yielded negative returns for the yellow metal. This pattern, attributed to traders returning from their summer break, suggests a potential pullback may be on the horizon.
However, not all indicators point downward. The Federal Reserve’s upcoming decision on interest rates, following the Jackson Hole Conference held on August 20, could serve as a significant catalyst for gold prices. Analysts widely anticipate a rate cut by the end of the month, with some speculating on the magnitude of the reduction. A more significant cut is expected to weaken the US dollar, potentially driving gold prices higher.
Yet, the market’s efficiency in pricing this information creates uncertainty. With gold holding steady at around 2,500 dollars per ounce over the past two weeks, some experts believe the potential rate cut may already be factored into the current price.
Adding another perspective, technical analyst Vermeulen offers a bullish outlook based on Fibonacci extension patterns. His daily and monthly charts analysis suggests a target range of 2660 to 2733 for gold, focusing on the 2700 level. Vermeulen’s methodology relies on the principle that if the price reaches the 618% Fibonacci extension level and briefly pauses, it’s likely to continue to the 100% measured move.
Vermeulen’s confidence in gold’s prospects is reflected in his personal investment strategy, which includes holding physical gold and considering future investments in gold mining stocks.
The gold market is experiencing a notable shift in dynamics, with speculative activity reaching new heights while traditional demand centers show signs of cooling. This dichotomy presents a complex picture for investors and analysts alike.
In the United States, the Comex gold futures and options market, operated by the CME derivatives exchange in New York, has seen a significant uptick in bullish sentiment. Managed Money traders have increased their net long positions to levels not seen in four years, now at 155% above the long-term average. This surge in speculative interest coincides with gold prices breaking fresh records, highlighting the growing optimism among sure market participants.
Traditionally a significant player in the gold market, China is showing signs of reduced demand. For seven consecutive sessions, gold prices in China have traded below the spot prices in London, indicating dwindling interest in gold in the world’s largest market. This contrasts with the high premiums observed in Shanghai before the global price surge last autumn. Vermeulen advises a cautious gold investment strategy, prioritizing consistent small gains and risk management over high-risk bets. His approach emphasizes a high win rate, manageable losses, and proper asset allocation to navigate market volatility and achieve steady returns.

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