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This interview was filmed on August 11, 2021.
August has been a challenging month for the gold price.
Although it started the period above the US$1,800 per ounce mark, it has since declined fairly precipitously, at times trading near the US$1,700 level.
Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, explained what he thinks could be next for the yellow metal, looking at both higher and lower scenarios.
#Investing #Gold #Silver
0:00 – Intro
0:19 – Understanding this week’s gold price washout
3:06 – Where investors are looking instead of gold
6:15 – What would bring precious metals to life?
9:16 – Upside potential for gold in 2021
13:35 – Silver rangebound, needs conviction
15:05 – Chris’ portfolio and market areas he likes
19:27 – Details on URLYstart program
22:09 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
