Stock Market Topping Out? Gold Rally Ahead

Technical Analyst, Trader, & Founder of Technical Traders Ltd
July 28, 2021

Chris Joins Elijah K Johnson from Liberty And Finance to talk about Precious Metals. Since last August, silver has been trading in this noisy sideway range. This can be seen as a pause or consolidation before the next major trend breakout. If the US dollar starts to roll over, precious metals could jump higher. Should this happen, the stock market would most likely top out and start a downward trend. Silver has a lot of long-term upside potential. However, we foresee further pressure downward in the short term.

*********

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

Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better.

His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.

He is a regular speaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chris was also featured on the cover of AmalgaTrader Magazine, and contributes articles to several financial hubs like MoneyShow.com.

 

In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.

Gold Eagle twitter                Like Gold Eagle on Facebook