Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, shared his next price target for gold, as well as his outlook for silver and precious metals miners in the months and years to come.
While he expects a stock market correction to weigh on these assets, they are set to perform well before and after.
“When I’m looking at the daily chart of gold, it is pointing to about US$2,650 to US$2,750 (per ounce) for gold over the next two to three months. So I’m still very bullish on gold,” Vermeulen said during the conversation.
Watch the interview above for his full thoughts on those and other topics.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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