0:00 - Intro0:19 - Understanding this week's gold price washout3:06 - Where investors are looking instead of gold6:15 - What would bring precious metals to life?9:16 - Upside potential for gold in 202113:35 - Silver rangebound, needs conviction15:05 - Chris' portfolio and market areas he likes19:27 - Details on URLYstart program22:09 - Outro
August has been a challenging month for the gold price.
Although it started the period above the US$1,800 per ounce mark, it has since declined fairly precipitously, at times trading near the US$1,700 level.
Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, explained what he thinks could be next for the yellow metal, looking at both higher and lower scenarios.
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.