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GOLD AND SILVER OUTLOOK – WHAT’S THE GOOD, THE BAD, AND THE UGLY?

By Ilene
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GOLD AND SILVER OUTLOOK – WHAT’S THE GOOD, THE BAD, AND THE UGLY?

Courtesy of Chris Vermeulen, Technical Traders

Chris sits down with Charlotte McLeod of Investing News Network, who kickstarts the session with a high-level look at gold.

to talk about where the markets were and where they may be going next. Through the lens of technical analysis, Chris & Craig discuss the answers to the following questions:

  • What do the charts indicate could be coming down the road for gold in the short and long term? And how does the recent fed rate increase affect its trajectory? Will a recession send gold into another stage 4 decline?
  • Using technical analysis, what does a double or triple top mean on a price chart? Does the resistance level mean that price is likely going to head to the up or downside?
  • Will a financial reset actually be good for precious metals and miners?
  • Generally, the idea is to buy low and sell high. Is it a good idea to buy something at a higher price when it is trending up? How do emotions play into accumulating physical metals?
  • Why is there such a disconnect between gold and silver? What needs to happen for silver to break out and catch up with gold? And why is silver more volatile than gold?
  • What does a financial reset in the economy actually mean? How long will the complacency phase last? The last two stage 4 declines were the Tech Bubble and the Financial Crisis. These are very serious and potentially dangerous market conditions if investors are not prepared.
  • How important is it to understand what overall market stage we are currently in?
  • What effect will the news around bank failures have on gold and silver prices?

On May 15th, there are some exciting things happening!

My new book “Asset Revesting – How To Exclusively Hold Assets Rising In Value, Profit During Bear Markets, And Continue Building Wealth In Retirement” will hit the bookshelves on May 15th, and I can’t wait to share this different investing style with the world.

Next up – the SECOND EDITION of my book Technical Trading Mastery – 7 Steps To Win With Logic will be published. This edition is totally revamped. I actually cut out about 150 pages of fluff and just get to the meat and potatoes of what you need to know, figure out, and I share two of my foundational trading strategies for you to implement and build on (momentum and swing trading) complete with my indicators, values, and guidelines to implement the next trading day. The book is now only 120 pages, full of charts, and should be a quick, and motivating read to get you thinking, seeing, and trading successfully with the market trends.

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Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the interview date but may not be accurate in the future.

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Note: The material presented in this commentary is provided for informational purposes only and is based upon information that is considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.

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