In a recent interview with Liberty and Finance, market analyst Chris Vermeulen made a bold statement: he believes that we are currently at a market top, and a crash could be just a couple of months away. This warning comes after a decade-long bull market that has seen the S&P 500 increase in value by over 300%.
Vermeulen, the founder of TheTechnicalTraders.com, is known for his technical analysis of the markets. In the interview, he pointed to a number of indicators that suggest a correction may be imminent. For one, he noted that the market has been trading in a tight range for several months, which is often a sign that a breakout is coming. When the breakout does occur, it is often to the downside.
Another indicator that Vermeulen is watching closely is the advance-decline line, which tracks the number of stocks that are advancing versus those that are declining. According to Vermeulen, this line has been diverging from the major indexes for some time now, which is often a sign that the market is losing momentum.
If Vermeulen is correct, and a market crash is on the horizon, what should investors do to protect their portfolios? According to Vermeulen, precious metals are the ‘one silver bullet’ that will keep going higher even when the stock market flounders. He notes that gold and silver have been in a long-term uptrend, and that this trend is likely to continue even if the stock market crashes.
Vermeulen is not alone in his bullish view of precious metals. Many other analysts have noted that gold and silver are undervalued relative to other assets, and that they offer a safe haven in times of market turbulence. In addition, the ongoing trade tensions between the US and China, as well as the uncertainty surrounding Brexit, have led many investors to seek out the safety of precious metals.
Of course, it’s important to remember that no one can predict the future with certainty. While Vermeulen’s analysis suggests that a market crash may be coming, there are always factors that could alter the trajectory of the market. However, for investors who are concerned about the potential for a downturn, precious metals may offer a viable option for protecting their portfolios.
In conclusion, while the prospect of a market crash is always unsettling, it’s important to remember that there are always opportunities to be found in the market. By diversifying their portfolios and investing in assets that are less correlated with the stock market, such as precious metals, investors can help mitigate the risks associated with a market downturn. As always, it’s important to do your own research and consult with a financial advisor before making any investment decisions.
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