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Gold is down, at one factor, 0.6% on Monday, yet traders and capitalists alike require to understand that this truly is not a huge step, said Chris Vermeulen, chief market planner at.
" Today, we're simply this tiny little red bar, this standard, normally we see a quarter of a percent, or half a percent move in gold, as well as today we're down only half a percent," Vermeulen said.
Gold miners, which usually lead the bullion in rate action, have one more 10% approximately of downside before prices rebound, he included.
0:00 -Temporary trading activity for gold
4:50 – Gold rate energy
8:40 – Gold miners
13:03 – Trick degrees to see
15:36 – Stock exchange "break down".
17:18 – Best equity market sectors.
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Gold price will keep sliding, but watch for this rebound level – Chris Vermeulen
Gold is down, at one point, 0.6% on Monday, but traders and investors alike need to understand that this really is not a big move, said Chris Vermeulen, chief market strategist at https://TheTechnicalTraders.com.
“Today, we’re just this tiny little red bar, this average, usually we see a quarter of a percent, or half a percent move in gold, and today we’re down only half a percent,” Vermeulen said.
Gold miners, which usually lead the bullion in price action, have another 10% or so of downside before prices rebound, he added.
0:00 -Short-term trading action for gold
4:50 - Gold price momentum
8:40 - Gold miners
13:03 - Key levels to watch
15:36 - Stock market "breakdown"
17:18 - Best equity market sectors
__________________________________________________________________
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.
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