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This interview was filmed on July 22, 2022.
Gold’s promising setup earlier this year has faded away, pushing a breakout further into the future. Chris Vermeulen of TheTechnicalTraders.com said he’s keen to see the yellow metal trade higher, but reminded investors that big price moves often take time.
“If the US stock market and the economy continue to weaken … that’s going to keep pressure down on metals,” he said. “I think the big move in gold is a lot further out than people are anticipating.”
#Investing #Gold #Stocks
0:00 – Intro
0:30 – Technical look at gold’s performance
3:39 – Next three to six months for gold
6:56 – Outlook for the US dollar
11:55 – Crash to follow “complacency rally”
16:37 – Short-term trades key for volatility
19:10 – Can a long-term approach work?
21:39 – Final market thoughts from Chris
25:46 – Outro
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