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.

Outlines

00:00

📈 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.

05:02

🚀 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.

10:03

💼 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.

Keywords

💡Bullish Chart Pattern

A bullish chart pattern is a graphical representation of an asset's price movements that suggests a likely increase in value. In the video, the speaker identifies a series of bull flag patterns in the gold chart since 2023, which are interpreted as indications of potential price increases to $2600 to $2750 over the next one to two months.

💡Gold Breakout

A gold breakout refers to a situation where the price of gold significantly rises above a resistance level, often following a period of consolidation. The speaker believes that gold is 'very close' to experiencing a breakout, suggesting an imminent price rally.

💡Silver

Silver is a precious metal that, like gold, is often considered a store of value and a hedge against economic uncertainty. The video discusses silver's potential to reach price targets of $34 to $36 per ounce, highlighting its higher volatility and potential for greater percentage gains compared to gold.

💡Short-Term Trade

A short-term trade involves buying and selling an asset within a brief time frame, often days or weeks, to capitalize on immediate market movements. The script mentions silver as a 'nice potential play' for a short-term trade, with the expectation of a price increase in the coming month or two.

💡Precious Metals

Precious metals are rare, naturally occurring metallic elements that have high economic value, such as gold and silver. The video discusses precious metals as a 'Buy Signal' for the near future, suggesting that they are a good investment opportunity in the short to intermediate term.

💡US Treasury Yields

US Treasury yields refer to the interest rates on government bonds and are a key indicator of market sentiment and economic health. The script notes that the recent peak in US Treasury yields has created a challenging period for precious metals, as higher yields can make these assets less attractive compared to bonds.

💡Gold Dollar Index

The gold dollar index is a measure of the value of gold in US dollars, reflecting its price movements over time. The video mentions the gold dollar index at the opening bell, indicating a decline in gold prices, which is a minimal 0.01% decrease in value.

💡Fake Out

A fake out in trading is a deceptive price movement that causes traders to make hasty decisions, often leading to losses. The speaker warns that gold might experience a fake out, where it could break down and trigger stop orders, leading to a sharp drop followed by a rebound and rally.

💡Industrial Demand

Industrial demand refers to the need for a commodity in manufacturing and other industrial processes. The script attributes the surge in silver prices partly to increased industrial demand, which, along with institutional investments, has driven the metal's value higher.

💡Cryptocurrencies

Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate independently of a central bank. The video suggests that cryptocurrencies, along with precious metals, may experience a significant rally in the future as people move away from traditional banking systems due to concerns and financial uncertainties.

💡Economic Downturn

An economic downturn is a period of negative economic growth that typically leads to higher unemployment and reduced consumer and business spending. The speaker predicts a potential economic downturn, citing indicators such as slowing sales, rising unemployment, and business slowdowns, which historically have preceded such events.

💡S&P 500

The S&P 500 is a stock market index that measures the performance of 500 large companies listed on stock exchanges in the United States. The video mentions the S&P 500 in the context of economic indicators, noting that sales for these companies may have peaked and are starting to slow down, which could signal broader economic challenges.

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

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