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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