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Is the Silver Squeeze Over? – Chris Vermeulen

Is the Silver Squeeze Over? Chris Vermeulen of TheTechnicalTraders.com is back on #GoldCoreTV with his charts to help us interpret the recent moves in silver and gold. In this video, we take a look at the silver price, the gold price, bitcoin and the S&P500.

We take a look at what's needed to continue the momentum of the #silvershortsqueeze, the movement spearheaded by Wall Street Silver & #WallStreetSilver

We look at the significance of the 50-day moving average and the 200-day moving average and the interaction between these two that give us either a golden cross or the death cross. These are particularly important long term trend indicators in technical analysis.

Chris also gives us his opinion on bitcoin, where he believes the bitcoin bull market could still have some legs but traders need to be able to stomach 15% to 20% pullbacks, as volatility remains high.

Stocks continue to be in an upward trend, in SP500 daily charts, he explains that gold, gold miners, utility sectors, and bonds are starting to perform well. This happens only when stocks are in a particular phase where it keeps pushing higher and higher without a pullback.

You can find out more about the services that Chris offers at - https://www.thetechnicaltraders.com/


If you're looking to buy gold or silver coins or bars, GoldCore currently has good stocks available visit the following website to learn more:

US & ROTW - https://www.GoldCore.com
UK - https://www.GoldCore.co.uk
Ireland - https://www.GoldCore.ie

00:00 - Intro
00:43 - Technical Analysis on Silver
04:01 - Technical Analysis on Gold
06:47 - Golden cross and death cross in gold
10:33 - Bitcoin Technical Analysis
13:41 - SP500 Technical Analysis
15:02 - Parting thoughts
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