Gold-Eagle/Chris Vermeulen/6-24-2020
Part 1 ••••••• Part 2
“Our research and trading team has been advising friends and followers to stay very cautious of the current markets (excluding Gold, Miners, and certain other protective sectors). We don’t believe this rally warrants any exposure greater than 15 to 20% given the current global economic environment and the hyper-parabolic nature of the current price move. We believe the opportunity presented by the upside advances does not negate the potential risks of a massive collapse event taking place in the near future. In other words, we’re more cautious of how ugly and aggressive the end of this parabolic move will be than willing to try to find some opportunities in an already hyper-extended parabolic upside price trend.”
USAGOLD note: Vermeulen issues a clear warning of the “no fear rally” currently in progress in the stock market. “Why,” he asks, “do you think Gold has rallied to levels near $1800 over the past 4+ years?
