Latest / Financial Survival Network / $80 Silver Around the Corner -- Chris Vermeulen #6105

Transcript

$80 Silver Around the Corner -- Chris Vermeulen #6105 · Financial Survival Network

0:00
So I still think we're going to see thirty four, maybe all the way
0:03
up to thirty seven for silver over the next This is a monthly chart,
0:07
so over the next one to two months, I think we could actually see
0:09
a very strong move percentage wise from where we are kind of right now.
0:14
That's potentially about an eighteen percent move, So there's a lot of upside potential.
0:19
The chart of silver is very strong. It had a rally up,
0:22
it had a pause, a bullflag pattern which is the halfway point, and
0:26
then it's starting to run and I think it can go up to these highs
0:29
that we saw back in twenty twelve. And you were listening to Carrie Let's's
0:34
Financial Survival Network where you get valuable information. You just can't find anywhere else
0:40
to thrive in today's trying times. You need the Financial Survival Network now more
0:46
than ever. Go to Financial Survivalnetwork dot com and get your free newsletter and
0:52
gift. Financial Survival Network now more than ever, And welcome you are listening
1:02
to and watching the Financial Survival Network. I'm your host, Carry Lutz Well,
1:06
Christopher Muelen is with us now and as olay As we're going to get
1:11
insight into where he sees these markets heading stocks have taken off since April,
1:18
so probably let's start there, even though we will get into gold and energy
1:23
and all that good stuff. Chris, welcome back. So what is going
1:26
on with the stock market here? Yeah, well thanks for having me back
1:30
on the show. Carry Yeah, let's take a look at the charcers.
1:34
There is a lot going on. This is the SP five hundred. If
1:37
we kind of zoom out so you guys can see the big picture. Obviously,
1:40
we had the twenty twenty two correction. Twenty twenty three was a big
1:42
year. A lot of people have completely missed out on the rally from last
1:48
November. They've lost missed out on this last one. Everybody was thinking the
1:53
markets were going lower. People are still betting and trying to pick the top.
1:57
Aggressive traders are scared to get it or they're shorting this market, and
2:01
it just keeps going higher and higher. There are definitely some divergences going on.
2:07
I mean when we look at the overall market, you know, the
2:09
the Nasdaq is struggling. If we look at the QQQ, for example,
2:13
there's been some big bouts of selling, especially about four or five sessions ago.
2:16
We saw distribution selling in the deck. All the big magnificent sevens were
2:22
down and it pulled the market back. That's a day of distribution. And
2:25
I've you and I actually talked about this like probably like six eight months ago.
2:30
I was saying, Hey, once the sp five hundred hits new all
2:32
time highs, I'm going to be looking for when we have these distribution days
2:37
and they should start to pick up more frequently. We had another distribution wave.
2:40
We had another distribution wave here, so we're starting to see them more
2:45
frequent, and there's nothing bad about them. It's just the market and big
2:49
institutions lightening their portfolio, moving away from the big winners. But as it
2:53
happens more and more, and we tend to see it happen with elevated volume,
2:58
big volume spikes, that is telling us it is institutions lighting their portfolio,
3:02
putting those shares into the hands of the average investor. And the fact
3:07
that this equities market has been rallying really on technology stocks. Most stocks and
3:13
sectors are down. Small cap stocks have been beaten up there. They haven't
3:15
been doing very well just until really the last four or five sessions are starting
3:21
to come to life. But you know, when we look at this market,
3:23
I believe we are in those late stages the stock market. You know,
3:28
it goes in a rising tide, a falling tide, and we're back
3:30
into a rising tide for the indexes. So we want to be long right
3:35
now both, you know, and we want to stick with the trend until
3:38
it actually reverses and the technicals breakdown. So as much as people want to
3:44
be bearish right now, we are seeing the markets move higher and people need
3:47
to remain kind of long until proven otherwise. All right, So so it
3:53
comes to you know, I'm always reminded when I see these types of rallies
3:58
here where everyone's expecting it to go down and it goes up or vice versa.
4:03
You know, stocks climb on a wall of worry, right, yeah,
4:06
yeah, And a good visual of this, actually, Kerrie is so
4:11
I have a sentiment chart that that there allows us to kind of read what
4:14
the average investor is doing. And whenever we get these these orange phases in
4:18
the market, especially especially big ones the market naturally, these orange and red
4:24
bars are when people are dumping their shares on the New York Stock Exchange.
4:28
It's when they're buying put options betting on falling prices, and it really only
4:31
takes a little pullback for everyone to get spooked, and they all quickly get
4:36
out of the market, and then the market goes higher without them. They
4:40
bet on the downside. The market pushes higher. The more fear there is,
4:44
the bigger the potential push. And we had some fear a couple of
4:46
weeks ago. The market pushed higher, and right now the market is scared
4:49
again. They are betting and getting prepared for the market to have a big
4:54
pullback. And this is actually a bullish sign. If people are dumping shares
4:59
right now yet it's old up and grinding higher, they're you know, we're
5:01
probably going to see another big push up in the equities market. And it's
5:06
really interesting the sentiment. The majority of the masses are typically wrong betting,
5:12
you know, trying to trying to really take go against the market right at
5:15
the worst possible time, just before they're probably going to go even higher.
5:19
Of course, they're dumping their shares and getting out and they get caught on
5:23
the wrong side. Yeah, well that's always happens, right, So how
5:27
much longer? How much longer can it go on for? You know,
5:30
they always say the market can be remain irrational longer than you can remain solvent,
5:35
right, yeah, yeah for sure. So hey, all right,
5:40
so let's talk about my favorite gold. Here's what's up with gold. I
5:45
love gold. Still very very bullish signed for gold. It's had a series
5:49
of rallies and pauses, and it's starting to break out here to some new
5:54
all time highs. This chart is pointing to twenty six fifty, twenty seven
5:58
to fifty for gold. Once that level is reached, I will be a
6:01
little bit more bearish and hesitant on the market. I believe we're seeing this
6:06
final push up just before the equities market puts in a major top. And
6:11
the monthly chart of gold gives us a very good view of where I kind
6:15
of believe we are when we look at this chart. We started a new
6:20
super cycle for gold in twenty nineteen. It's gone into a multi year consolidation,
6:26
a pause, and now we're starting to see this big run up.
6:30
And I think that's because people around the world are getting nervous. They feel
6:32
like the recessions coming, stock markets frothy, Those who are savvy are moving
6:38
into these defensive, protective assets. If we go back in time, we
6:43
saw the stock market break into a new supercycle back in two thousand and three.
6:47
We had a multi year consolidation, and then we saw a run to
6:51
safety just before the two thousand and eight financial crash, and that's where we
6:57
are right now. We're seeing that run to safety, and then I think
7:00
we're going to see the equities markets the recession all have a big correction and
7:05
gold will most likely pull back with it. But we are in this phase
7:10
right here where gold I think is still going to continue to extend up to
7:14
twenty six fifty twenty seven hundred, which you know is still a pretty decent
7:18
push from where it is, is still another ten percent higher for gold before
7:23
I think it starts to top out. So when gold hits that level,
7:26
people should be aware. I think there's more downside potential short term. But
7:30
once the markets have this cleansing event like two thousand and eight, we go
7:33
into a you know, twenty twenty five market correction. After that is when
7:38
I think we're going to really see a multi year run in gold and silver
7:43
and miners. It's going to be the ultimate opportunity that really happens like once
7:46
every decade or so, and it's going to be pretty pretty exciting. So
7:49
I like gold, it is one of my favorites, and obviously silver.
7:56
Silver is just more volatile. Okay, so yeah, let's talk about silver,
8:00
or for a little bit silver. It's really showing some strength. It
8:05
hit a low I guess back towards the end of last year of around seventeen
8:09
dollars and it's been straight up, well not straight up. It's a sawtooth
8:16
pattern. How much higher can it go? Can we see it eclipse its
8:22
all time high? Because gold is trading a nominal highs but silver is trading
8:26
it to sixty percent if it's all time high. Yeah, so I still
8:31
think we're going to see thirty four, maybe all the way up to thirty
8:35
seven for silver over the next This is a monthly chart, so over the
8:39
next one to two months, I think we could actually see a very strong
8:41
move percentage wise from where we are kind of right now. That's potentially about
8:46
an eighteen percent move, so there's a lot of upside potential. The chart
8:50
of silver is very strong. It had a rally up, it had a
8:54
pause, a bullflag pattern, which is the halfway point, and then it's
8:58
starting to run and I think it can go up to these highs that we
9:01
saw back in twenty twelve, and that it's going to act as some resistance
9:07
on the chart. Now. Silver is doing very much same as gold.
9:11
It broke into a new supercycle. It had a multi year consolidation and then
9:18
everybody piled into silver just before the economy went into the crapper. And we're
9:24
doing the same thing now. It started a major supercycle and broke out.
9:28
It's had a multi year pullback in consolidation, and now we're starting to see
9:33
that run to safety. I do think silver will probably pull back to where
9:35
it is now or lower during a reset, but that will be one of
9:41
the last dips before it goes higher, just like over here. And then
9:45
I think silver goes ballistic. I think we blow past fifty. I think
9:48
we go up into the eighties or higher for silver. Really not right now,
9:54
but I mean, you know, starting post probably twenty twenty five,
9:58
I think we'll see a huge move. Think silver will become a major dominant
10:01
player. So I like silver from that regard too. They have a very
10:05
similar things. Check this out. I just got this the other day.
10:11
Nice that was it out bar of silver from a friend who I'm big as
10:16
that it's a thousand ounces. Well it's actually nine hundred and like eighty something
10:20
like this. Don't drop it on your foot, no, yeah, I
10:22
just I just got over the cast off my foot. I did break my
10:26
foot about seven weeks ago. I hate three dropping a bar on your foot.
10:30
Right, I didn't drop the bar on my foot. I stepped on
10:31
a ball, rolled my ankle, and my son coaching my son's baseball teamn
10:35
snapped a bound. But well they way. I like silver. I just
10:39
bought more silver, and I think, you know, long term, these
10:43
are solid assets. Part in the punt. Everyone takes a fall. Yeah,
10:48
you're right, that's my feeling about it. And you know, hey
10:56
and markets are the same way. But to think eighty dollars then, really,
11:01
once it hits eighty, there's no limit that we can predict, can
11:05
we. Yeah, I think it'll once it blows past fifty dollars, I
11:09
think it just goes into like it's in no man's line. There's there's no
11:13
kind of resistance. I think it could just blow off and keep shooting.
11:16
Who knows how high will go? Right, So I think old will do
11:20
something similar. Silver is definitely percentage wise, we'll definitely catch people's attention.
11:24
It'll be screaming and be a rocket. Wow, that's like two and a
11:28
half times where it's at now. More than that two hundred and fifty percent
11:33
return ed. When it happens, can happen really quick, isn't it.
11:39
It is. It's if you don't catch it, if you're going holidays for
11:41
two months or something, you're going to come back and be like, how
11:45
did I miss one hundred percent return? The question is what will the currency
11:48
unit that it's valued in be worth once it? YEAHTCH is up? Is
11:54
it going to outpace the inflation rate give you a positive return adjusted for inflation?
12:01
I don't know. I don't know what the currencies are going to do.
12:03
I think the US dollar, I think after we have a financial reset,
12:07
the US dollar is definitely going to hit the back burner. I think
12:09
it's time as a reserve currency is going to really start to fade. People
12:13
have been talking about it forever, but I feel like we actually have the
12:16
technologies and the whole world is open to you know, these new blockchain platforms
12:22
or not platforms, but I don't know protocols or whatever it is, so
12:26
that it can be more open source, free flowing. The world regulates things
12:30
versus regulators. I'm trying to regulate and control things, right, So yeah,
12:37
we're definitely getting closer to the world becomes one and we all regulate each
12:41
other and assets and things like that. Amazing, amazing, All right,
12:46
what else you got from me here? So we got a energy chart?
12:50
Yeah, let me pull up the chart of oil. We can take a
12:54
look at that. If we take a look at crude oil, it's have
12:56
a little pullback overall, I'm not a huge fan of the crude oil price.
13:03
It's really trading in this kind of kind of shrendless huh. Yeah,
13:07
it's pended formation. It had a big move down. The big question is
13:11
is this a halfway point. I do believe we're going to go into a
13:13
recession. I think we're gonna see forty dollars oil. Again. This is
13:18
the monthly chart, so looking forward, you know, six seven, eight
13:20
months, this could this could be forty dollars oil from now. We'll see
13:26
how that unfolds. That's what this chart pattern is pointing to. So what's
13:30
interesting is energy stocks are actually trading up your all time highs. If we
13:33
look at for example, xl E. It is trading way up here at
13:37
all time highs and which I find pretty interesting. And is that a result
13:43
of the how yields on those stocks? Yeah, it could be, it
13:48
could be. Typically we see the energy sector do fairly well just before recession.
13:54
I think a lot of people are expecting oil to go higher, and
13:56
they're piling into the leverage play, which are the miners or the energy stocks,
14:01
and they're they're going up. I mean, when we have a correction,
14:03
these are going to get hit, just like they did back in two
14:07
thousand and eight. And every time we have a kind of economic weakness,
14:09
they fall off a cliff. But people are in the space, there are
14:13
good dividends, and you know, the whole fact that we have like kind
14:18
of the war going on, it definitely helps. I think people want to
14:22
move into energy space expecting potentially higher oil pricing. Usually oil does very well
14:28
in the middle of a war. Although you know, the war now seems
14:33
more and more digital than the old consumption, more of a media event that
14:37
seems. Yeah, anything else, Yeah, everybody propaganda, everybody competing.
14:45
You can get the right spin, the right propaganda out. It's kind of
14:48
like wag the dog, you know. Yeah, So like carry if we
14:52
take a look at the US dollar index, so this is this is kind
14:54
of where I kind of think we might might unfold. So this is the
14:58
monthly chart of the dollar index. I believe we've got a series of higher
15:03
lows, a series of higher highs. So the dollar is in a long
15:07
term up trend. I do believe we're going to see in the next few
15:11
months the stock market the economy top out. I do believe we're going to
15:16
see the US dollars start to rally where maybe up to one twenty, maybe
15:20
even higher. And as the stock market's collapsing and the dollars going up as
15:24
kind of the last urah I think for the last maybe reserve currency move for
15:28
it, that is going to put pressure on gold. That's when we start
15:31
to see gold and silver have the pullback because of the rising dollar and just
15:35
liquidation of people having to liquid eight investments because everything's falling. They have margin
15:39
calls, they're running out of money, they're selling in fear of losing even
15:43
more money. So the dollar, I think, is going to have one
15:46
more big push and then this is kind of taps into what you and I
15:50
were just talking about Kerry, which is I think after this market correction and
15:54
chaos will be the reason for the government to say, hey, we're resetting
15:56
to some new digital currency and it'll be similar like the two thousand. Actually,
16:02
a lot of the feeling that I have now feels very similar to the
16:04
two thousand in terms of major multi year decline inequities. I think the dollar
16:11
will go into a multi year selloff. So even when it gets up here,
16:15
I think it's I think it's going down and it might it might not
16:18
ever come back, which is the ultimate story for precious metals, right,
16:22
And that's where we flip to some digital currency and bricks or whatever those new
16:26
platforms are going to be. So it is going to be life changing.
16:32
Really this the next I think two or three years, the financial system changes.
16:37
The borders of who controls what change. It's not just going to be
16:40
like a little company in the United States like the SEC and the colmacs and
16:44
stuff. There's going to be open platforms where physical gold is you know,
16:48
exchanged fairly with what's deliverable between people. There's a lot of stuff coming together.
16:53
So it's if you don't if you don't learn about it and don't take
16:56
action. I mean you're going to get left behind. I think you're going
17:00
to get hit for sure or sure anything else you want to look at it
17:03
here, I really think that's about it. I think I think in a
17:07
nutshell, I think, you know, if we look at the overall cycle
17:10
in the markets and investments in general, I believe we're right up here at
17:15
maximum peak risk when it comes to real estate, when it comes to businesses,
17:18
when it comes to equity stocks. I think you know, any money
17:23
you put in here has very very little upside. I think it's all downside
17:27
from here. So people just need to be aware we're going to go through
17:32
a huge reset and it's going to reset the how I think the world works.
17:37
So I think that's what people need to understand, is you don't want
17:41
to just be sitting here thinking the markets are going up. AI's saving the
17:45
day. You better be ready because if you don't, you're going to be
17:48
half the wealth you had potentially a year and a half from now and scratching
17:53
your head going on what I just do. I wasted forty years of hard
17:56
work. It's gone. Yeah, Well that's what inflation does. It undermines
18:02
all the values it really denigrates saving and elevates spending because spending just to basically
18:14
just to beat the inflationary wave. What's your take on inflation though, let's
18:18
put the reset aside. Is inflation been solved, like the FED would like
18:25
you to believe, even the you know it's at two percent or whatever?
18:27
Right? Yeah, Well, I don't believe in any of whatever those guys
18:32
say. But I mean, inflation is still really high. It seems like
18:36
it's still actually creeping up to some regard. I mean, I don't follow
18:40
politics, but I did see that if Trump gets in, he wants to
18:42
put like a sixty percent tariff on China stuff everything from China, which to
18:47
me because everything everything here comes from China, it seems yeah, if he
18:51
does that, I think inflation is going to go through the roof. Because
18:52
I used to be an importing company. I used to bring in things from
18:56
China. I used to have my own healthcare product, a lineup. I'll
19:00
tell you, if I had a sixty percent premium, I have to tack
19:03
it onto the product and push it off to the buyers. So if that
19:06
happens, we're going to see inflation skyrocket, because unfortunately it doesn't matter what
19:11
you flip over, it says made in China on it. So that could
19:15
be a huge game changer that could totally screw us with inflation. It'll obviously
19:21
bring factories and things back, potentially back to North America and we build our
19:26
own economy. I'm not saying it's a bad thing. It's just saying we
19:29
won't see inflation. But if that doesn't happen, I do feel like inflation
19:33
once we go into this kind of reset. I do think it will reset
19:37
and inflation will go down. People eventually are going to have to take a
19:41
hit. Instead of selling their container load of product at the high price and
19:47
try and pass it on to the user, They're going to be like,
19:48
well, we just got to sell this stuff for a loss and empty our
19:52
warehousing. They're going to have to take the hit, and then eventually it'll
19:55
go down. So somebody's gonna have to take the hit for getting rid of
19:57
their height cost inventory at some point here, and then I think prices will
20:02
start to drift flower and that I don't think that will even happen. You
20:04
know, we don't need a recession for that to happen. I already think
20:07
things are stalling. They're already saying we've had peak sales for the SP five
20:11
hundred sales. Forecasts are all coming down for a lot of businesses, they're
20:15
downgrading. So definitely things are slowing and eventually that'll hit the end by the
20:21
seller who's gonna have to lower their price and eventually just be happy with it.
20:25
We can get our cost out of this, We'll be happy or a
20:27
tiny loss. Let's just get rid of this inventory, because it's you're gonna
20:32
it's a heavy weight on them. Yeah, yeah, I get it.
20:36
I get it. Well, all right, so we got all that from
20:38
you. We appreciate it. To just tell us where we find you,
20:42
how we connect with you and subscribe. Yeah. Sure, you can get
20:47
my video analysis on my YouTube. Just go to Technical Trade the Technical Traders
20:51
on YouTube, or they can go to the Technical Traders dot com and they
20:55
can join my free newsletter. I provide video analysis and updates every week on
20:59
what what's going on, how to take action with the weekly swings in the
21:03
markets, and what's going on with the Magnificent seven and Precious pedals and all
21:07
of that stuff. All right, cool, appreciate it. Hey, you've
21:11
got a question for Chris or myself shoot me an email kl at Carrie LUTs
21:15
dot com linked in the show notes on Financial Survival Network dot com will take
21:22
your right to Chris's site. While you're there, please sign up for your
21:23
free newsletter Chrits always a pleasure. Thanks for stopping by. We'll touch base
21:29
with you in a couple months see how things are progressing or regressing all right,
21:33
Thanks Kerry, take care allway. Thanks for listening to Carrie Lets's Financial
21:37
Survival Network, your solution to today's trying times. For the latest, go
21:42
to Financial Survivalnetwork dot com. Financial Survival Network now more than ever,