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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US Fed tilts towards a rate cut despite the postponement. HKMA left the rate unchanged at 5.75% May 2, 2024 Brent crude oil hits seven-week low May 2, 2024 Target Thursdays: USDJPY, Copper & EURCAD May 2, 2024 WTI oil declines on rising inventories and negotiations between Israel and Hamas. Rising unemployment in New Zealand may force RBNZ to start cutting rates earlier May 1, 2024 Bitcoin stumbles below $60k ahead of Fed May 1, 2024 Expert Says Now Looks Like a Good Time To Buy This Renewable Energy Stock Apr 30, 2024 Optimism over corporate earnings is fueling stock indices. The Hong Kong index reached a 5-month high Apr 30, 2024 FXTM’s Copper: Hits fresh two-year high! Apr 30, 2024 European indices grow on the ECB’s “dovish” position. Quarterly reports of mega-companies support the broad market Apr 29, 2024 Japanese yen shows volatility amid speculation of intervention Apr 29, 2024
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