Independent thinking for complex markets and current events
“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 …
from Kerry Lutz’s Financial Survival Network Kerry Lutz and Chris Vermeulen discussed the current volatility in the markets, particularly influenced by political events. Chris highlighted significant selling pressure affecting equities, suggesting that the market appears oversold and may experience a bounce in the coming weeks. However, he expressed uncertainty about whether this would lead to a recovery or …
The real estate market is in for sharp correction with losses that could take a decade to recover from, strategist says A strategist says to brace for a steep correction in residential and commercial property prices. Chris Vermeulen says he sees a wave of real-estate distress on the horizon. Foreclosure activity could rise as the …