Kitco News: All Markets Tumble as Fear Rises; ‘Significant Collapse’ is Underway (w/ Chris Vermeulen)

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Kitco NEWS
May 4, 2021

Tuesday saw a broad market selloff as equities tumbled alongside safe have assets like gold.

As of 1:00 pm EST, the S&P 500 fell 1.15%, and gold dropped by 1%.

Speaking to David Lin, anchor for Kitco News, Chris Vermeulen, chief market strategist of https://TheTechnicalTraders.com​, said that a broad market correction is just starting, and safe haven assets are going to fall alongside risk assets.

In particular, uranium stocks are in danger of a “reset” to much lower levels, Vermuelen said.

0:00​ – Markets tumble
2:49​ – Volatility
8:35​ – Gold vs stocks
10:30​ – Bitcoin
11:34​ – Uranium stocks

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