______________________________________________________
Palisades Gold Radio
Nov 9, 2021
Tom welcomes Chris Vermeulen, founder of Technical Traders, back to the show.
Chris discusses the recent moves in the markets and why money has resumed the move into equities. We’re seeing a new rally in most equities and this could spill over to the metals. The Russell 2000 is responding well and it could move 25% up. He believes this cycle may come to an end in January. September and October are often weak for markets but it’s not unusual to see rallies in November. Once the momentum starts everyone tends to pile in.
The dollar is trading at the very significant 94 levels and should it collapse this could be the impetus to drive the metals higher. Precious metals are pushing on the dollar and we’re seeing a momentum shift in GDXJ. This pressure may be a sign that the dollar is failing.
He prefers to focus on price but if other indicators and fundamentals line up those just act as a confidence booster.
Chris discusses the potential for silver to have an explosive move at some point. It appears to be putting in a bottom but it still has a ways to go before we’re through resistance.
Energy prices may cause problems for miners since fuel costs are a big factor in mining. This may place pressure on metals and miners for a while. Energy sector stocks are likely to do very well but a rally may be short-lived.
He expects elevated prices for commodities for the next couple of years before everything normalizes. Prices will likely never come down to where they were a few years ago. Many things will remain more expensive.
Advertisement
______________________________________________________
https://www.youtube.com/watch?v=Nk2b-sWXLDg
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we’ll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
