Connect with us

Hi, what are you looking for?

goodbalancefeature.comgoodbalancefeature.com

Investing News

Chris Vermeulen: Gold’s Next Move After New High, Silver and Uranium in 2024

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.

This post appeared first on investingnews.com

You May Also Like

Stock News

In this episode of StockCharts TV‘s The Final Bar, Tony Dwyer of Canaccord Genuity talks Fed policy, corporate bond spreads, and why the level of interest...

Investing News

Global vanadium-producing countries have benefited from infrastructure spending in China in recent years. However, in 2023 and beyond, the market is likely to be...

Stock News

SPX Monitoring Purposes: Long SPX 10/27/23 at 4117.37. Gain Since 12/20/22: Over 17%. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Last Thursday, we...

Investing News

Copper prices have rallied to record highs in recent years on expected demand growth amid a supply deficit. While construction and electrical grids have...