Will the gold price keep rising after hitting a new all-time high on Monday (December 4)?
Chris Vermeulen of TheTechnicalTraders.com thinks 2024 will be a big year for gold, but its near-term future is less certain.
‘Really we’re right at this threshold, this breakout level … this US$2,089 (per ounce) level. Every time we’ve seen gold get up to these levels, we’ve seen a very big pullback. The average over the last three pullbacks has been about 17 percent,’ he explained.
Vermeulen also discusses the path forward for silver and uranium in 2024, and shares his outlook on the stock market and US dollar. Watch the interview above for more of his thoughts.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.