Chris Vermeulen of The Technical Traders discusses gold’s price direction and precious metals in general with David Lin, anchor for Kitco News. It appears that we are coming into a pretty major super cycle in precious metals, which started back in 2019 – this is about a 5-year cycle for gold. Gold had a very strong rally over the past month, which is the complete opposite of what the equities market has done.
Chris believes the geopolitical tensions flaring in Eastern Europe or news, in general, are not a persistent force for higher gold prices. The underline trends of commodities coming to life are actually the big driving force.
Visit our website for today’s market trends and trading signals!