Tag Archives: gold stocks

Can Bitcoin, Gold Price Rallies Last? ‘Better Enjoy It While You Can’ Says Chris Vermeulen

When something goes straight up, it usually comes straight back down said Chris Vermeulen, chief market strategist at The Technical Traders, referring to bitcoin’s recent parabolic move upwards. Gold sees upside to the $2,400 an ounce level in 2021 but faces risks of a possible stock market correction that could drag the metal down. 0:00 – 2021 market outlook 3:00 – “A very volatile year” 5:48 – Trigger for a stock market crash 6:50 – Outperforming sectors 8:15 – Gold 13:48 – Gold miners 14:36 – Bitcoin […]

More info

Will Gold Price’s Next ‘Big Move’ Soar To $2,400 Or Collapse To $1,600? – Chris Vermeulen

The short-term momentum for gold is skewed to the downside, and Chris Vermeulen, chief market strategist said that a support level of $1,810 could be tested before the next ‘big move’ upwards begins. However, if prices continue to trend below $1,810 an ounce, gold could fall all the way to $1,600. 0:00 – Vaccine news impact on gold 5:00 – Equities 8:30 – Gold: support levels and long-term forecast 16:14 – Junior gold miners __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our […]

More info

Gold Price Plummets $100, Can It Go Lower? Pfizer, Travel Stocks Soar, Zoom Tanks

Gold price dropped $100, or 4.5% on Monday as Pfizer announced that its COVID-19 vaccine is 90% effective. The S&P 500 climbed 2.9%, the Dow is up 3.8%, and the NASDAQ is up only 1%, dragged down by companies that benefit from the work from home culture, like Zoom (-12%) and Netflix (-4%). Peter Hug, global trading director of Kitco Metals, said that these moves factor in expectations that are a bit ‘premature’. __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos […]

More info

Peter Schiff on Defending Assets against Stock Market Bubble

Peter Schiff recently talked about his favorite way to survive what he sees as an unprecedented stock market bubble. He noted that the Federal Reserve has inflated three stock market bubbles already in the 21st century, and sees this one as the largest and most dangerous. Schiff says the way the government bailed out investors in 2001 and 2008 was by inflating an even larger bubble to take the place of the one that had just popped. He says he thinks this one is too big to […]

More info