The Ultimate Crash Is Near! It's GAME OVER For Gold & Silver When This Happens? - Chris Vermeulen
Summary
TLDRThe 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.
Outlines
📈 Bullish Gold and Silver Market Predictions
The video script discusses a very bullish outlook for gold and silver, with patterns suggesting potential price increases to $2600-$2750 for gold within a couple of months. Silver is also anticipated to reach $34-$36 per ounce, despite being more volatile. The speaker, Christopher Moan, Chief Market Strategist at TechnicalTraders.com, notes that while silver has outperformed gold year-to-date with a 27% gain compared to gold's 18%, both precious metals are expected to rally further due to ongoing financial uncertainties and a preference for physical assets and cryptocurrencies. The script also mentions the possibility of a market correction affecting precious metals but suggests that this could present a buying opportunity in the intermediate term.
🚀 Potential Market Shakeouts and Economic Indicators
This paragraph delves into the potential for market shakeouts in gold and silver, suggesting that a short-term pullback could occur before a significant rally, possibly triggered by a stock market correction. The speaker anticipates that precious metals will be a buy signal for the near future and could reach current values again in 6-8 months. Economic indicators are mixed, with unemployment rates rising and housing construction dropping, hinting at moderate economic activity. Despite technology sector volatility, the market shows resilience, but there are concerns about potential broader impacts on real estate and banking sectors. Historical patterns suggest that rising unemployment could precede an economic downturn, and the speaker warns of the domino effect this could have on the economy, including the banking sector.
💼 Market Resilience Amidst Sector Volatility
The final paragraph of the script highlights the resilience of US equity markets, particularly the S&P 500 and NASDAQ, which have rebounded despite sector-specific volatility, especially in technology stocks like Nvidia. The speaker encourages viewers to share their perspectives on factors that could sustain or challenge market momentum. The video aims to foster community engagement by inviting viewers to subscribe to the channel and enable notifications for updates on market trends and analysis.
Mindmap
Keywords
💡Bullish Chart Pattern
💡Gold Breakout
💡Silver
💡Short-Term Trade
💡Precious Metals
💡US Treasury Yields
💡Gold Dollar Index
💡Fake Out
💡Industrial Demand
💡Cryptocurrencies
💡Economic Downturn
💡S&P 500
Highlights
The gold chart is very bullish, with a pattern pointing to potential prices of 2600 to 2750 within the next one to two months.
Silver is expected to reach price targets of 34 to 36 per ounce, with a higher volatility compared to gold.
Year-to-date, silver has outperformed gold with gains of 27% versus gold's 18% returns.
The surge in silver prices is due to increased industrial demand and institutional investments amid geopolitical uncertainties.
Gold and the US dollar have reached new highs this year, influenced by the same environment driving silver prices.
A significant rally in precious metals is anticipated late next year due to ongoing financial uncertainties and a preference for physical assets.
Capital markets have raised their gold and silver price outlook, projecting an average of $2200 for gold and $27.30 for silver in 2025.
Gold prices are currently under pressure, slipping to the $2297 level at the opening bell.
Christopher Moan, Chief Market Strategist at Technical Traders.com, observes bullish flag patterns on the gold chart since 2023.
There is a potential for a 'fake out' in gold prices, where a sharp drop triggers stop orders and then rebounds to start a rally.
Silver's performance is influenced by global economic conditions, particularly industrial demand.
Precious metals are seen as a buy signal for the next one to two months, with a potential pullback in six to eight months if the stock market corrects.
Economic indicators show a mixed picture of the US economy with unemployment benefits declining and new housing construction dropping.
US equity markets have shown resilience with the S&P 500 and NASDAQ gaining despite sector-specific volatility.
Analysts are optimistic about the market outlook, expecting an 11% earnings growth for the S&P 500 in 2024.
Christopher Moan cautions about potential broader impacts on real estate and banking sectors that could unfold more gradually.
Indicators such as slowing S&P 500 sales, rising unemployment, and business slowdowns may precede economic downturns.
The interview discusses the possibility of a financial crisis with people moving to physical currencies and cryptocurrencies due to bank concerns.
Government job openings have historically spiked before financial crises, contrasting with the government's positive economic narrative.
The potential domino effect of unemployment and inability to pay mortgages or rents could eventually impact banks.
Transcripts
this is a very very bullish chart
pattern this is pointing to 2600 27 or
2650 2750 for gold and that's pretty
much over the next like month or two I
think it's imminent I think we're very
close to seeing gold break out but
silver is still pointing to it you know
a month month and a half from now I
think we'll be up at 34
36ar so it's a nice potential play it's
a shorter term trade I do think
eventually we'll see it pull back and it
might be at this value again you know 6
eight months from now if the stock
market corrects uh it'll generally pull
precious metals down so to me precious
metals is a Buy Signal for the next
month or so or two months um
intermediate term over the next 6 8 12
months the recent peak in US Treasury
yields has extended the challenging
period for precious metals today gold
prices are under pressure slipping to
the
$2,297 level as reflected in the gold
dollar Index at the opening bell gold
declined by nearly 0.32 points
representing a minimal
0.01% decrease in value chrisopher moan
Chief Market strategist at technical
traders.com observes bullish flag
patterns on the gold chart since 2023
suggesting potential price targets of
2600 to
$2,750 verm moin also anticipates silver
could reach price targets of $34 to $36
per ounce acknowledging its higher
volatility than gold and its more
significant percentage potential year-to
date silver has outperformed gold with
gains of 27% while gold has shown
returns of about
18% the surge in silver prices is
attributed to increased industrial
demand and institutional Investments
amid geopolitical uncertainties this
environment has also driven gold and the
US dollar to new highs this year looking
ahead verin 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 amid concerns over
traditional banking systems Capital
markets has raised its gold and silver
prices Outlook ahead of the third
quarter they project gold prices to
average around $2,200 per ounce in 2025
up 5% from their previous estimate for
silver forecasts an average price of
$27.30 per ounce this year reflecting a
7% increase from their initial forecast
noted that while gold and silver
typically move together Silver's
performance hinges on global economic
conditions particularly industrial
demand join us as we delve into
Christopher mulan's insights to stay
updated with our latest uploads
subscribe to our Channel and activate
notifications thank you Gold's been
doing very very well I like the gold
chart um in terms of the price patterns
that it's been forming if we take a look
at the gold chart uh show you what I'm
seeing which is a series of bull flag
patterns and yeah so if we take a look
at the gold chart over the last uh
really since 2023 it's a series of bull
flag patterns meaning the market rallies
up it pulls back it rallies pulls back
uh more so recently it's had a nice run
and pause a series of smaller bull Flags
this is a very very bullish chart
pattern this is pointing to 2600 27 or
2650 2750 for gold and that's pretty
much over the next like month or two I
think it's imminent I think we're very
close to gold breakout uh and start a
rally now a lot of times when you have a
very clean chart pattern like this you
can get a bit of a fake out meaning uh
gold might start to break down it might
break some of these lows if we were to
zoom in a bit it could Pierce these lows
there and this one right and if it
breaks through those two lows there's a
lot of people short-term traders who
have their stops there and so we could
see it break those it'll trigger the
stop orders which are usually automated
and it creates a flood sell order we
could see a sharp drop in gold and then
it rebounds and then starts that rally
and it's called a fake out the Market's
trying to shake out the Longs before it
goes long to the upside um so I like um
gold from that regard silver is very
similar it's pulled back a little more
aggressive just because it's more
volatile but again it's a nice pullback
to the 50-day it's trying to find some
traction here it looks similar to the
gold one it is yeah they I mean they're
all very very similar it's a strong
rally controlled pullback um and it is
pointing to 34 $36 an ounce so there's
some really nice upside potential in
silver it always has more percentage uh
potential than gold it's fast mover um
so I I like it I mean it's um I think
any day here or any week we're going to
start to see it run higher silver might
have a little bit of a a shake out it
might do the same if gold does it silver
will most likely do it they tend to kind
of copy each other um so it'll be
interesting to see how that unfolds we
have had a couple big selling volume
days uh but Silver's actually holding up
very well in my opinion so that's a good
sign maybe the Market's trying to flush
down and there's too many people
accumulating it we'll have to see but
silver is still pointing to it you know
a month month and a half from now I
think we'll be up at 34 36 doar so it's
a nice potential play it's a shorter
term trade I do think eventually we'll
see it pull back and it might be at this
value again you know 6 eight months from
now if the stock market corrects uh
it'll generally pull precious metals
down so to me precious metals is a Buy
Signal for the next month or so or two
months um intermediate term over the
next 6 eight 12 months right I think we
could probably pick gold and silver up
where they are again like right now and
then I I think like Sometime Late next
year will probably be the big run where
precious metals really start to Rally
there'll be blood in the streets
there'll be all kinds of financial
crisis people moving to physical
currencies and probably cryptos um
because they're worried about the banks
and and all that stuff uh and and gold
miners will want to take off and come to
life recent economic indicators paint a
mixed picture of the US economy
firsttime applications for unemployment
benefits declined modestly last week
contrasting with a notable drop in New
housing construction to its lowest level
in nearly four years in May this
suggests moderate economic activity
during the second quarter amidst this
backdrop us Equity markets showed
resilience with a rebound on Tuesday as
the S&P 500 and NASDAQ gained 0.4% and
1.3 3% respectively nvidia's 6.8% surge
following recent declines highlighted
the sector specific volatility in
technology amid broader Market
fluctuations analysts remain optimistic
about the Market Outlook citing robust
earnings ongoing economic growth and
expectations of a Federal Reserve
monetary policy shift later this year
they anticipate an 11% earnings growth
for the S&P 500 in 2024 driven by
companies aligned with structural growth
Trends however chrisopher moand cautions
that while technology sectors May
initially face turbulence due to
speculative bubbles broader impacts on
real estate and banking sectors could
unfold more gradually with potentially
severe consequences he points to
indicators such as slowing S&P 500 sales
Rising unemployment and business
slowdowns which historically preceded
economic downturns let's get back to the
interview I think we're going to start
to see um I mean sales are starting to
slow down I just saw that this morning
in the news that sp500 Sal sales they
think have peaked businesses are slowing
down unemployment starting to rise it
just broke a 24mon um there's actually a
chart here that um shows this real quick
typically whenever we get this red line
which is a 24mth moving average when
unemployment crosses it we go into a we
had a pandemic crisis the great
financial crisis Tech bubble like
multiple so we're starting to see
unemployment go up which means people
are going to run out of money 70% of
Americans and I think it's the same for
Canada uh live paycheck to paycheck so
if they start losing their job they're
never going to be able to pay for their
mortgages or rents and uh people who are
renting the house to these people now
don't have the income to pay for their
rental property and then the dominoes
Works its way up to the head of the
snake the banks are going to be left
holding it all the signs are there that
I think we're going to start to see this
pick up speed it's interesting
government jobs a percentage of job
openings every time we see government
job openings start to spike and rally we
go into a financial crisis of some sort
wow that's so weird and and it's crazy
because as the government keeps like
trying to like make everything sound
good and the economy is strong and we're
good we're good and they're literally
creating more jobs to try and keep
everything going and make it look good
unemployment is still going up even
though they're creating huge amounts of
jobs to try to like cover up the the
weakness this year we saw finally like
people have burned through their savings
the covid bubble of uh all the savings
they had now they're were minus hu
pretty pretty big numbers so people have
burned through their savings um and so
you said how are the dominoes going to
fall Ian I I think I I don't know
exactly how they're going to fall but
unemployment going up people stop paying
their rent stop paying they're not able
to pay their mortgages right um it's
going to trickle through eventually to
the banks but I do feel like the stock
market will be already headed down well
before that um the banking sector I
think and Regional banks are going to
get hit very very hard but probably not
a little bit till later in the bull
market I don't think they're going to
maybe be the first to go believe it or
not I think the tech space when that
bubble bursts I think there's going to
be a Feeding Frenzy of people like
panicking to get out because a lot of
people who are chasing the big Tech
bubble and paying the prices now I think
are a lot of the same people who always
have bought near a high and they've
suffered huge huge losses afterwards so
once that the masses start to panic um
the stock market's going to get hit
first the real estate is always
lingering later right and it and it
takes a while to click in for the masses
to to realize the banks are going to get
hit we're reading about it now but the
general public doesn't really they're
not you know in tune to the markets as
we are recent fluctuations in US Equity
markets have showcased resilience with
both the S&P 500 and NASDAQ rebounding
amidst sector specific volatility
notably in technology stocks like Nvidia
looking ahead uncertainties persist
particularly concerning potential
impacts on sectors Beyond technology
such as real estate and banking which
could face more prolonged challenges in
future market conditions what factors
will be critical in sustaining or
challenging this Market momentum share
your perspective in the comment section
if the video resonates with you join our
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