Chris Vermeulen: Stocks Top Out in 2022 to Start Next Rally for Gold and Silver By TheTechnicalTraders
Chris joins Patrick Vierra from SBTV to discuss the technicals for silver and the next rally for precious metals. Silver has been out of favor for a long time and is still in a downtrend but we are starting to see some signs of life in the precious metals market.
Overall, the precious metals market seems to be weeks or months away from starting a more significant rally.
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The hawkish attitude of FOMC representatives puts pressure on stock indices. Oil is growing amid escalation in Eastern Europe Nov 18, 2024 AUD/USD Stabilises Amid RBA’s Hawkish Outlook Nov 18, 2024 COT Metals Charts: Speculator Changes led lower by Gold & Platinum Nov 17, 2024 COT Bonds Charts: Large Speculator bets led by 2-Year & Ultra Treasury Bonds Nov 17, 2024 COT Soft Commodities Charts: Large Speculator bets led by Corn & Soybean Oil Nov 16, 2024 COT Stock Market Charts: Speculator Bets led by MSCI EAFE & VIX Nov 16, 2024 The Dollar Index strengthened on Powell’s comments. The Bank of Mexico cut the rate to 10.25% Nov 15, 2024 EURUSD Faces Decline as Fed Signals Firm Stance Nov 15, 2024 Gold Falls for the Fifth Consecutive Trading Session Nov 14, 2024 Profit-taking is observed on stock indices. The data on wages in Australia haven’t met expectations Nov 13, 2024
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