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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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