It Will Be a ‘Wild Week’ for Gold; Vermuelen Back 100% in Stocks, This Sector Could Be ‘Explosive’
- Kitco NEWS
Chris Vermuelen, chief market strategist at https://TheTechnicalTraders.com, has redeployed his cash holdings back into stocks and is now fully invested ahead of what he believes is a bull rally. Vermeulen has just a few months ago liquidated all his holdings and held 100% cash in anticipation of a market correction. Speaking to David Lin, anchor for Kitco News, Vermeulen said that the panic selling in the stock markets on Tuesday should subside in a few days. Gold, on the other hand, is showing signs of sustained weakness ahead, and Vermeulen is currently not invested in the yellow metal.
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0:00 – Panic selling
8:02 – Back into equities
10:12 – Gold
12:50 – Utilities
16:16 – Preferred equity sectors
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