Wednesday , October 21 2020
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Tag Archives: Chris Vermeulen

Gold and Silver Ready For Another Rally Attempt

After nearly three weeks of sideways/downward price action in Gold and Silver, our researchers believe both metals have already set up another breakout/rally attempt after breaching downward resistance (shown as the downward sloping CYAN line). This could be another huge opportunity for precious metals traders as the next move higher should prompt a rally above recent highs. That means a target price level in Gold above $2100 and a target price level in Silver above $30.50. ARE METALS POISED...

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Bitcoin down almost 10%, you’ll be surprised to hear what’s next

September 3, 2020 RESEARCH HIGHLIGHTS: Bitcoin collapsed near Triple Fib Amplitude Arcs – is this a sign of pending reversal for other assets? It is very likely that Bitcoin price levels will fall below the May through July levels, near $9k in an attempt to identify new support levels. The $8k level would be the next downside price target.  Beyond that, possibly $7k or even $6k. Gold and Silver will move lower before going higher as a potential price collapse in Bitcoin suggests general...

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RE FANGS GOING TO BREAKDOWN SOON?

RESEARCH HIGHLIGHTS: FANG Index may begin to peak/top as RSI Divergence pattern sets up. Dow Theory trend divergence confirmation suggests the end of the “Excess Rally” is near. The VIX moving higher suggests greater concerns of increased volatility. Dow Jones Utility Index moving lower on increased volume may be the key in a multiple-pattern set up that will confirm larger market trends. For some context into today’s research article, please review our recent Dow Theory Trending article...

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Expanding Wedge May Prompt Big Price Correction

RESEARCH HIGHLIGHTS: The Monthly S&P500 E-Mini Futures chart is revealing an Expanding Wedge pattern that has been setting up since Jan/Feb 2018. The VIX has set up a base and begun to move moderately higher over the past 7+ days – above the 20.00 point level and above the GAP created by the initial COVID-19 selloff.  Our Custom Volatility Index chart warns of a “bull trap” set up, and we may see an 11% to 15% (or more) sell-off in the US and global markets if the Custom Volatility...

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Natural Gas Rally Nearing $2.95 Resistance – May Target $3.75 or higher

Quietly, as we’ve been focused on Gold, Silver, and other symbols, Natural Gas has rallied above the $2.00 level and is starting to break higher again targeting the $2.95 level.  The very deep “rounded bottom” pattern that set up in early 2020 presented a very real opportunity for skilled technical traders by setting up multiple, very deep entry points.  We wrote about these setups in a May article when Natural Gas broke $2.00 and again a few weeks ago when NG started its upside breakout...

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Special Alert: Massive Dual Head-and-Shoulders Setup

Summary: Dual Head-and-Shoulders patterns warn of a potentially big downside move and new highs may be a trap for bulls Valuation levels suggest the broader US stock market is lagging Precious metals continue to warn of risks The market “melt-up” may be nearing an end My research team is issuing a Special Alert Warning after the NASDAQ and SPY reached new all-time highs.  Our research team identified a massive Head-and-Shoulders pattern (highlighted in BLUE) that originated in 2014, set up a...

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President Trump Signs Additional COVID Relief – What To Expect from the Markets

Up until the end of the last week, Republicans and Democrats were locked in heated negotiations regarding the size and scope of pending COVID-19 relief efforts. Our researchers had little hope that any negotiations would be successful given the two sides were so far away from one another in terms of wants and wishes. On Saturday, August 8, 2020, President Trump signed a new Executive Order (and memorandums) to provide additional relief from the coronavirus that continues to spread in the US...

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NASDAQ Double Top & Price Channels Suggest Pending Price Correction

July 27, 2020 Our research team continues to attempt to navigate the difficult market dynamics ahead as traders’ concerns related to continued global economic functions persist.  We believe the US stock market has rallied well beyond sustainable levels and the recent move in the US Dollar and Precious Metals has issued a clear warning that global traders are not buying into the current valuation levels of the major indexes.  The NASDAQ (NQ) has rallied to new all-time highs at a time when...

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Precious Metals Fire Warning Shot Across The Bow – Part II

This second part of our multi-part article researching the massive upside price move in Silver recently should cause skilled technical traders to begin sweating a bit.  In our opinion, nothing moves metals more than fear and a move like this in Silver, recently, is a very clear indication that global traders fear the current global economic ability to sustain market valuation levels in the face of bigger and more sustained economic and COVID-19 virus crisis events. WILL THE NEXT SHOT BE A...

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Precious Metals Spike and Us Warn Of Danger – Part I

If you have not been paying attention to what is happening in Gold, Silver, and Platinum over the past 3+ days, then read this research article carefully.  If you have been paying attention to the move in Precious Metals, then keep reading to learn why this move is so important.  Here we go… Precious metals have been on the move higher for much of the past 24+ months.  Yet, certain forces have attempted to quell the upside advance as global investors adopt a more fearful stance relating to...

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