Stock markets are set to crash 37% as 'sucker's rally' ends, gold and silver to 'take off' - Chris Vermeulen ChrisVermeulen gold silver
- The S&P 500, which recently rallied 6.6 percent over the past three months, is due for a significant crash, 37 percent down from current levels. That is according to Chris Vermeulen, Founder and CIO of The Technical Traders.
Vermeulen, who has over two decades of experience in financial markets and trading, spoke with David Lin, Anchor and Producer at Kitco News.Vermeulen is a disciple of Stan Weinstein, who popularized so-called"stage analysis," a method of analyzing financial markets. Vermeulen said that"people are thinking we're starting a new bull market phase [Stage 2], but if we actually look at the emotions of market participants… we're really in this complacency stage [around Stage 3], where people are thinking that the next rally is about to start… The bigger the move in precious metals and miners at this stage, the more likely we are to have a Stage 4 Decline, where we go into a real, full-fledged bear market.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GSPS arrest man suspected in 13 break and entersSudbury man, 37, facing 31 charges for robberies at commercial locations across the city
Read more »
'A tough loss': Flames without defenceman Chris Tanev for next two gamesTanev left Monday’s win over the Columbus Blue Jackets in the first period with what appeared to be a shoulder injury
Read more »
'A tough loss': Flames without defenceman Chris Tanev for next two gamesTanev left Monday’s win over the Columbus Blue Jackets in the first period with what appeared to be a shoulder injury
Read more »
Tesla-driven tech bounce helps fuel stock recovery - BNN BloombergA premarket rebound in U.S. tech shares lifted global equity sentiment on Thursday, as upbeat earnings guidance from electric carmaker Tesla Inc. and others assuaged recent disappointments.
Read more »
Journalist Chris Clark was happiest when his entire family was together on vacationEditor. Father. Advocate. Guelphite. Born March 4, 1955, in Calgary, Alta.; died July 12, 2022, in Guelph, Ont., of a heart issue; aged 67
Read more »
Chris Selley: Spanking is already 'banned' enough as it isThe parents least able to defend themselves, those already most targeted by law\u002Denforcement and child services, will bear the brunt of this.
Read more »