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‘Calm before the storm’; brace for gold, stock markets ‘breakdown’ – Chris Vermeulen

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Both stocks and gold are showing technical chart patterns that recommend an imminent adjustment, said Chris Vermeulen, chief market planner at TheTechnicalTraders.com.

" It feels like the calmness before the tornado. I think this market, the stock market, is setting up for possibly a pretty large downdraft," Vermeulen said.

0:00 – 'Tranquility prior to the storm'
7:01 – Gold
15:53 – Live chart video game
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'Calm before the storm'; brace for gold, stock markets 'breakdown' - Chris Vermeulen

Both stocks and gold are showing technical chart patterns that suggest an imminent correction, said Chris Vermeulen, chief market strategist at TheTechnicalTraders.com.

“It feels like the calm before the storm. I think this market, the stock market, is setting up for potentially a pretty big downdraft,” Vermeulen said.

0:00 - 'Calm before the storm'
7:01 - Gold
15:53 - Live chart game
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit http://www.kitco.com/

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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.