The Ultimate Crash Is Near! It's GAME OVER For Gold & Silver When This Happens? - Chris Vermeulen

Summary

The video script discusses a bullish outlook for gold and silver, with potential price targets of $2600-$2750 for gold and $34-$36 for silver in the coming months. Christopher Moan, Chief Market Strategist at TechnicalTraders.com, notes bullish flag patterns on gold charts since 2023 and anticipates a significant rally in precious metals, possibly triggered by financial uncertainties and a shift towards physical assets and cryptocurrencies. Meanwhile, the script also touches on economic indicators suggesting moderate economic activity and potential challenges for the technology, real estate, and banking sectors.

Takeaways

• 📈 The speaker is very bullish on gold, predicting a price target of $2600 to $2750 over the next month or two, based on a bullish chart pattern.
• 📊 Silver is also expected to reach price targets of $34 to $36 per ounce, with a potential increase in the short term, but with a more volatile nature compared to gold.
• 📉 Gold prices are currently under pressure, with a slight decrease to the $2297 level, as noted by Christopher Moan, Chief Market Strategist at Technical Traders Ltd.
• 🚀 Year-to-date, silver has outperformed gold with gains of 27% compared to gold's 18%, driven by increased industrial demand and institutional investments.
• 💡 The speaker anticipates a significant rally in precious metals late next year, driven by ongoing financial uncertainties and a shift towards physical assets and cryptocurrencies.
• 💼 Capital Markets has raised its gold and silver price outlook, projecting an average price of $2200 per ounce for gold in 2025, and $27.30 for silver in the current year.
• 📊 Silver's performance is closely tied to global economic conditions, particularly industrial demand, which can influence its price movements.
• 📉 The speaker suggests that a stock market correction could pull precious metals down, indicating a potential buy signal for precious metals in the intermediate term.
• 🏦 There are concerns about the banking system and traditional financial stability, which could drive people towards physical currencies and cryptocurrencies.
• 📊 Economic indicators show mixed signals for the US economy, with unemployment starting to rise and sales slowing down, which historically precedes economic downturns.
• 📉 The speaker cautions about potential turbulence in the technology sector and broader impacts on real estate and banking sectors, which could unfold with severe consequences.

Q & A

What is the current bullish pattern in the gold chart according to the transcript?

The gold chart is showing a very bullish pattern with a series of bull flag patterns, indicating a market rally followed by a controlled pullback, and is pointing to potential price targets of $2600 to $2750 over the next month or two.

What is the potential price target for silver mentioned in the transcript?

The potential price target for silver is anticipated to reach between $34 to $36 per ounce within the next month and a half.

How has silver performed compared to gold year-to-date according to the transcript?

Year-to-date, silver has outperformed gold with gains of 27% compared to gold's returns of about 18%.

What factors are attributing to the surge in silver prices as mentioned in the transcript?

The surge in silver prices is attributed to increased industrial demand and institutional investments amid geopolitical uncertainties.

What does the term 'fake out' refer to in the context of the gold market?

A 'fake out' in the gold market refers to a situation where the price might start to break down and pierce previous lows, triggering stop orders and causing a sharp drop, only to rebound and start a rally, shaking out the long positions before moving to the upside.

What is the current price level of gold according to the opening bell as mentioned in the transcript?

The current price level of gold at the opening bell is $2297, with a minimal 0.01% decrease in value.

What is the outlook for gold and silver prices according to Capital Markets as stated in the transcript?

Capital Markets has raised its gold and silver price outlook, projecting gold prices to average around $2200 per ounce in 2025, up 5% from their previous estimate, and silver to average $27.30 per ounce this year, reflecting a 7% increase from their initial forecast.

What is Christopher Moan's view on the potential timing for a significant rally in precious metals?

Christopher Moan anticipates a significant rally in precious metals potentially late next year, fueled by ongoing financial uncertainties and a growing preference for physical assets and cryptocurrencies.

What economic indicators are suggesting moderate economic activity according to the transcript?

The mixed economic indicators include a modest decline in first-time applications for unemployment benefits and a notable drop in new housing construction to its lowest level in nearly four years in May.

What are the potential consequences of the technology sector's speculative bubble as discussed in the transcript?

The potential consequences of the technology sector's speculative bubble could be a feeding frenzy of people panicking to get out, leading to broader impacts on real estate and banking sectors which could face more prolonged challenges in future market conditions.

What signs are being observed that might indicate a future economic downturn according to Christopher Moan?

Signs indicating a potential economic downturn include slowing S&P 500 sales, rising unemployment, and business slowdowns, which historically have preceded economic downturns.