A focus on the moves in gold, silver and the miners
Chris Vermeulen joins us today as a preview to this weekend’s show to discuss his outlook on the precious metals. The move in gold has been great but are we due for a natural / healthy correction? And why has silver not moved tot he degree that gold has?
Click here to visit Chris’s website.
Click download link to listen on this device: Download Show
I think the action today is the options expiration in the metals
Interesting that Chris thinks that general commodities could be about to go higher. I shall take another look at copper, coal and iron miners.
Take a look at everything UK
I agree with Chris.
Miners will be volatile (choppy) for months until they are clearly in a bull market from technical standpoint. Long term I am very bullish on metals and miners and only neutral/bearish for the next few weeks as cycles fall and bottom out.
Not sure it this image will show the reversal candle in miners but let me try:
Thanks for the comments. Chris,
Al
Well you can see it here if you want: http://www.thegoldandoilguy.com/wp-content/uploads/2016/02/popndrop.png
Thanks Chris. I really appreciate your input and perspectives on the resource markets. I enjoyed the video on your main website that overviews your story and your expectations on the bigger picture as well.
HEY CHRis,
WHAT the hell happened to last summer?
YOU were so wrong on Howestreet!
Such BS
CHRIS STOP PLAYING THE FEAR FACTOR!
Need specifics and not blind shots like this one. Please understand, negative comments are fine but they need to be substantiated. Please do it now.
Thank you,
Al
Specifics:
Feb 4th on this site.
Gold Price $1145
Chris, ” I have a feeling we are going to fade back down and get real low back down to that 1080.00 level in the next month or two”
” I wouldn’t be chasing gold at this price, I would be waiting a couple weeks for a pullback”
Be very careful of technicians folks. Most miss the entire move.
Fair enough and thank you, Dave
Great interview. Chris V is one of the greats.
I agree with you Tokyo Bill
No technician is right 100% of the time….thats why we have markets. I have been following Chris and watching his daily videos each morning for about a year. And his analysis is spot on at least 65% of the time. If you are a successful trader, then you well know that with proper money management you can make alot of money if you are right 65% of the time. Chris gets it right much more than most
I’m seeing Chris V everywhere, he’s obviously a marketer and self promoter. He sounds good, but shows no proof of success. I’ve asked for a track record, a record of past trades and he claims he doesn’t have one. Anyone worth his salt keeps a record and proves he knows what he’s doing with successful trades. Until he does, he’s nothing more than another talking head.
On his website he talks about his past successes and failures and he has made millions trading, and learned from the school of hard knocks.
He clearly posts his trading results and there is even some of the results from January posted right now for anyone to see. Just scan down to the second paragraph.
http://www.thegoldandoilguy.com/stan-weinstein-model-etf-portfolio/
He is a valued guest commentator for us.
Hi Chris,
I do like your comments and input and do think you know what you’re talking about, and obviously successful.
About spiking, I’ve checked with several software outfits and they do not know what I’m talking about. didn’t want to go into it too deeply. I would like to know what platform you are using, if it’s not too much to ask.
I have been trying to build up my small account for years, started with $5600 ,went up to $40,000 now back to $8700. Am almost 80 yrs old and still trying. Cannot afford to pay out a monthly fee and there are so many that keep bugging me to subscribe with them.
Anyway I do enjoy your Emails. Please keep it up.
Walter
This sure explains what happened with the gold miners today. They skyrocketed like the price of gold in the morning and then came down so fast in price, no follow thru or strong continuation for the trading day. Thanks Chris and Cory.