Technical trader Chris Vermeulen sold gold above $5,000 and silver near $111, and right now he’s sitting in cash, waiting for one specific price to buy gold back. With gold breaking below $4,000 for the first time since November, he tells Kitco News anchor Jeremy Szafron exactly where he thinks this selloff ends, and where the next big move begins.
Vermeulen, chief market strategist at The Technical Traders, breaks down the chart of gold and the level he’s watching ($3,600), why he thinks the long-term target is still $8,000 to $8,600, why the violent swings aren’t algorithms or manipulation but plain emotion, his read on silver, the surging US dollar and the yen at a four-decade low, why he’s fully in cash on stocks, and the single biggest mistake he sees investors making in a selloff. A different, more cautious take than most of what you hear, you decide which side fits how you invest.
Recorded June 29 2026
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CHAPTERS
00:00 He Sold Gold and Is Waiting to Buy Back
01:00 Is $4,000 Holding, and the Downside
04:30 Are the Swings Algos or Emotion?
06:50 The April Calls and the Discipline
09:40 Silver, and Where It Bottoms
13:00 The Dollar, the Yen, and a Fragile World
16:00 Is the Stock Market Next?
19:00 What He’s Buying Now
23:00 The Biggest Mistake in a Selloff
24:40 Summer Seasonality and the Warning Sign
#gold #goldprice #silver
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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42 Comments
Chris Vermeulen isn't your usual gold guest. He sold above $5,000, he's sitting in cash, and he's waiting to buy gold back around $3,600. Agree or not, he tells you his exact level.
So, are you holding this pullback, or waiting for a lower price like Chris? Let us know below.
😂😂😂😂😂😂
High prices bring demand destruction and supply increase.
Not rocket science.
Gold to $3,000
I hope metals drop so I can buy some 😊I can't afford it at these prices😢
Trading would give me grey hair😢
Some listeners prefer not to cash out all their gold and wait in cash to buy it again because it's like musical chairs, if the Fiat currency goes bust you could get stuck with no metals and a bunch of devalued cash.
Not sure we're going to see 3600.
Like the way you explain the Fibonacci tool.
Just a few months ago. Gold and silver to the Moon. Now look at the prices😂😂😂😂😂 These bloggers are clueless.
First 3500, and then 4000 for years. With small volatility to buy a sandwich every day…. If you go to spent 12 hours on chart
I can appreciate that different people have different experiences and thoughts and ideas about weird, gold and silver, etc. are gonna go down but every Talking head that comes on this show or the multitude of other shows has their own opinion and so far not a single one has actually been right so watching these guys listen to OK interesting but it’s all baloney as far as Mark experience with it!
elliott wave says GLD down to 340( gold 3400) and GDX down to 62. And then in 5th wave up , we get a 3X move where gold goes to about 10,000( GLD 1000) and GDX up to 165. After this a massive drop.
On Monday?😅😅😅
இது ஒரு அருமையான நிகழ்ச்சி பொருளாதார அறிவு பெட்டகம்
Humpty and Dumpty
I’m driving while listening to.. oh it’s Chris.. gotta pull over a carpark and switch to another channel.
Im not sure TA has any meaning when Trump can tweet and crash prices and tweet again in 2 days and spark a rally.
I am hoping it gets that low so I can buy
They are actors selling a narrative. All asset prices are controlled by computer systems. These people mislead the public to slowly drain them of their life savings.
It does not matter whether it climbs or falls, i keep buying and buying. I have a ratio special for me, 1:50, for every 1 grams of gold i buy 50 grams of silver.
I’ll be buying physical gold and GLD when gold goes to about 3600-3500
You are lying, gold is real money. I believe that you are part of the problem.
Doing this so you buy it expensive sellit back to them cheap cheeky
Don't listen to this fool, follow your heart and chart!
Thank you 2xBEST
How about talking about the obvious that sets the price of gold & silver??
DXY, TIPS, Brent spot, US 10Y Bond, VIX, Fear & Greed etc…!
It’s noteworthy that gold and bitcoin “hodlers” are always talking about US fiat being worthless but always have a goal of exchanging for fiat currency.
I agree that paper money comes with many issues, just be honest and consistent instead of pumping and rug pulling.
Gold is the stablecoin of history
nahhhh serious i came back just for chris lol wtf it took not even 24 hours and just like always it defo looking like ur not seeing the same chart i look at lol and i knew i was optimist to think u would be right let alone gold would fall anymore ,,,, hahahaha omd plz i am still praying for downside but serious bro not looking good for any bear !!!!!! short term long term any term ffs
Happy Fourth of July everyone 🇺🇸✌️❣️
Who want to hear chris vermeulen and his bs ?????
How it’s possible this clown still gets interviews.
Vermeulen ALWAYS gets it wrong. He's a waste of space .
Supply borrow point?
Demand of cash use interest vat
Long vat vash borrow product ise save investment
Horrible advice from this guy. Don’t try and time the market and hit specific price targets to sell and rebuy – you are playing with fire doing that. Just DCA into gold/silver a little bit every week/month and wait 5-10 years for it to all play out. You definitely be better ahead than trying to time the market which relies a lot on luck.
Chris I despise you and think you a charlatan. I am willing to recant if you are right here.
Just trade off the monthly candles gold is going under$3,000.00 that’s where you buy basically 18 months from the high 😊
Technical analysts: "When I was a toddler, my mummy bought me a nice shape sorting box. She thought I might make money one day from drawing triangles. She was right!"
Those who bought high, they are FOMO. You are not buying now because og correction. You will buy when the "train is leaving the station". When is the train leaving the station? You arr timing the market. You think you are smarter than the market. You sounds like trading gold. Listeners beware!
$3760 our Lowest..