“I’m looking for a 30% explosion to $5,100 gold by year-end,” says Chris Vermeulen, Chief Market Strategist of The Technical Traders. In today’s interview with Daniela Cambone, the veteran chartist, who accurately called gold’s recent breakout, dissects the “mere three-wave correction” that has spooked momentum traders. He details the “herd mentality” that first drove prices higher and argues this pullback is a classic shakeout before a parabolic surge, drawing direct and “scary” parallels to the 2007 pre-crisis setup.
Chapters:
00:00 – A 30% Surge to $5,100 Gold
05:46 – A “Scary” Parallel to the Pre-Crisis Setup
07:41 – How a Stock Market Crash Ignites Gold
10:14 – Silver’s Role in the Rally
11:51 – We’re in the Periodic Move
12:08 – Bitcoin’s Next Move
13:35 – Are We Heading Toward a Reset?