| 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 _________________________________________________________________ GoldCore TV is the home of precious metals market information. Our channel features news, interviews and podcasts with prominent industry figures to help people make informed investment decisions. Subscribe to our channel to stay up to date on the latest precious metals news and views. Follow us on social media: Facebook - https://www.facebook.com/GoldCore Twitter - https://twitter.com/GoldCore Disclaimer: Videos published are not investment advice and the views expressed may not reflect those of GoldCore ltd. |
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