Watch: All markets tumble as fear rises; ‘significant collapse’ is underway – Chris Vermeulen
(youtube.com)
Tuesday saw a broad market selloff as equities tumbled alongside safe have assets like gold.
As of 1:00 pm EST, the S&P 500 fell 1.15%, and gold dropped by 1%.
Speaking to David Lin, anchor for Kitco News, Chris Vermeulen, chief market strategist of https://TheTechnicalTraders.com, said that a broad market correction is just starting, and safe haven assets are going to fall alongside risk assets.
In particular, uranium stocks are in danger of a “reset” to much lower levels, Vermuelen said.
0:00 - Markets tumble
2:49 - Volatility
8:35 - Gold vs stocks
10:30 - Bitcoin
11:34 - Uranium stocks
Thanks to Luceteria Science for sending the depleted uranium sample: https://www.luciteria.com
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Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
As of 1:00 pm EST, the S&P 500 fell 1.15%, and gold dropped by 1%.
Speaking to David Lin, anchor for Kitco News, Chris Vermeulen, chief market strategist of https://TheTechnicalTraders.com, said that a broad market correction is just starting, and safe haven assets are going to fall alongside risk assets.
In particular, uranium stocks are in danger of a “reset” to much lower levels, Vermuelen said.
0:00 - Markets tumble
2:49 - Volatility
8:35 - Gold vs stocks
10:30 - Bitcoin
11:34 - Uranium stocks
Thanks to Luceteria Science for sending the depleted uranium sample: https://www.luciteria.com
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
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Francisco Gimeno - BC Analyst Talk about economic or financial woes for 2021 have been rife for some months already. It seem we start to witness so many signs of volatility, heating and unbalance in the markets that we can start worrying. We have to wait and see what can be done to improve this. Meanwhile we should be prepared and ready for everything.