Palisades Gold Radio

Palisades Gold Radio

Chris Vermeulen: Fiat Currency is a Better Store of Value than Bitcoin

May 14, 2020

Tom welcomes Chris back to the program, Chris is the CEO & Founder of Technical Traders Ltd.

Chris is expecting another market correction since the fundamentals for the market have only worsened. Small investors have been piling in while smart money has been exiting. He feels that "The average person is going to get completely slaughtered."

He is bullish on silver, as it seems primed for a move higher.

Chris is reserved on cryptocurrencies; for him, they are difficult to trade, and they lack as a store of value since it can be challenging to take profits.

We could see a dip in gold when markets sell-off, but since March, the fundamentals have changed in terms of investor psychology. This time people will be primarily concerned about losing money and instead of selling everything may choose to change sectors. Investors may instead strategically move to other hotter sectors like gold.

Time Stamp References: 0:30 - Recent market events. 2:45 - Lookout for a double-bottom in stocks. 5:30 - Natural Gas outlook. 7:10 - Lower prices again for oil? 8:30 - Optimism for silver. 11:45 - Difficulties with cryptocurrencies. 14:30 - Possibility of a dip in gold. 16:30 - Disconnect between paper and physical. 18:15 - Be wary of another dip in stocks.

Talking Points From This Episode • Stock markets head for another dip down. • Chris likes natural gas. • Another sell-off could happen in oil. • Crypto markets are difficult to trade.

Chris Vermeulen is CEO & Founder of Technical Traders Ltd. Chris has been involved in the markets since 1997. He is an internationally recognized technical analyst, trader, and author.

Years of research, trading, and helping individual traders around the world has taught him that many traders have great trading ideas, but they lack one thing. They struggle to execute trades systematically for consistent results. Chris helps educate traders, and his mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.

He has also been on the cover of AmalgaTrader Magazine and featured in Futures Magazine, Gold-Eagle, Safe Haven, The Street, Kitco, Financial Sense, Dick Davis Investment Digest, and dozens of other financial websites.

Twitter: @TheTechTraders