Huge Bull Market Phase! This Event will Change Gold and Silver Prices Forever - Chris Vermeulen

Huge Bull Market Phase! This Event will Change Gold and Silver Prices Forever - Chris Vermeulen

Gold has continued its impressive rally, hitting several all-time highs throughout the year. The precious metal's ascent has been remarkable, with December gold futures trading at 2,500.60, up 20.90 dollars in early US trading on Thursday. This surge comes amidst a day packed with US economic data releases, keeping investors on their toes.
While gold has shone brightly, the performance of junior gold mining stocks has been somewhat muted in comparison. The VanEck Junior Gold Miners index is up 20% year-to-date, only slightly outpacing physical gold's 17% gain. This disparity has caught the attention of market watchers, who expected mining stocks to show more robust growth given the favorable price environment.
Silver, gold's more volatile cousin, has also joined the rally. Chris Vermeulen, a respected financial analyst specializing in precious metals, offers insights into the current market dynamics. Vermeulen anticipates a significant multi-year run for gold, with potential targets ranging from 3,000 to 5,000 dollars. He envisions possible prices of 50 to 100 dollars per ounce for silver. Despite their current lag, mining stocks are predicted to see substantial gains during this phase.
However, Vermeulen cautions that the path may not be entirely smooth. He warns of the possibility of a major market correction or bear market, which could temporarily pull gold back to current levels or even as low as 2,000 dollars. This perspective is rooted in his analysis of market cycles, including what he describes as a "super cycle" for precious metals that began in 2019, reminiscent of a similar cycle that started in 2000.
From a technical standpoint, December gold bulls currently hold a solid near-term advantage. Their next objective is to close above the contract high of 2,537.70 dollars, while bears aim to push prices below the key support level of 2,400 dollars.
As gold continues its impressive run in 2024, reaching a new record high of 2,483.35 dollars, market analysts are closely watching its next moves. Despite the precious metal's struggle to break consistently above 2,480 dollars, many experts remain optimistic about its potential to surpass the 2,500 dollars mark shortly.
Vermeulen advocates for gold as a preferred investment option in the current economic climate. He cites its steady global accumulation and lower volatility than mining stocks and silver as key factors supporting this view. Gold's reputation as a safer haven in turbulent market conditions, with a reduced risk of sudden, significant price drops, further bolsters its appeal to investors seeking stability.
However, gold's ascent hasn't been without challenges. On Thursday, prices pared earlier gains as the US dollar and Treasury yields rose in response to stronger-than-expected US economic data. This development has sparked discussions about potential adjustments to the Federal Reserve's interest rate cut plans, adding an element of uncertainty to the gold market.

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[bryanfaucett]

Respectfully when the gold price rises $100 silver rises $1. 00. Of course prices are manipulated and controlled. Whoevers in charge saw that silver price was too high for the ratio mentioned and slammed it down. The arcing uptrend wasnt broken and both should continue to gradually climb. If gold was 5000 silver would be priced around 50. Gold would need to be around 10, 000 for silver to be 100. The overhead resistance for silver is around 50. However this was formed when there wasnt a collapse. In a collapse the prices would fly through 50 as panic buying takes over. Silver will remain supported at higher levels since 2016 because of a decline in production which is why it rose from 2016. Otherwise it would have fallen back to around $4. Just my 2 cents. Enjoy!

[johntynio]

Things are happening like never before, so why would gold behave like before? The pullback may not happen or be far less severe and or be quicker than ever before! We have an interconnected world like never before and lightning-fast algorithm computer trading like never before! Even the war in the Ukraine is Palantir Software Computer and Star Link Satellite run! Let's be nimble and let's be quick! Thanks Money Sense and Chris Vermeulen!

[MrStealthfire]

Can't see silver and gold going that high anytime soon maybe in 10 years but won't happen in short time..

[shawnb]

I have watched several repackaged of this interview. Ok Gold goes to 10, 000 Silver goes to 300 but use paper money not real. You will become a millionaire if you start with a billion.

[jamewilliams]

I'm favored financially with Bitcoin ETFs approval, Thank you anna . €12, 000 weekly profit regardless of how bad it gets on the economy.

[paul]

I think you are wrong.. giant multi year cup and handle. Will take off and we are in an election year! Will not see a correction until next year! But gold will be far higher!

[Steve-jt]

How about $20, 000. Gold! $10, 000. Silver !

[Orlando-mlbx]

Jajahahaj..silver is still.manipulated.. your price targets are a dream

[peterlee]

You continue to pronounce his last name wrong. Early in this video you even call him "cheers" rather than Chris.

[CeciliaGarcia-iltb]

How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards

[BeatriceSentiago]

I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.

[KatieAllenl-pp]

Being in the discord and starting trading is literally changing my life. I'm starting with a small $2, 000 account but i got it up with $19, 600 in one week! Not a lot of money but that's a big growth for me🎉🎉🎉