While he sees further upside potential until about the end of January, ultimately he expects gold to move sideways or lower for multiple months before starting another big rally that will last four to six years.
‘That’s when the miners are really going to participate, and we’re going to see that everyone’s going to want to be involved in the precious metals mining space. They’re going to do those hundreds or thousands of percent returns when gold blasts off in this new economic reset,’ Vermeulen explained during the interview.
He also discussed his silver and platinum outlook, and shared why he recently decided to trade Bitcoin for the first time in 10 years. Vermeulen’s short-term target in this ‘can’t miss’ trade is US$108,700.
Watch the interview above for his full thoughts on those and other topics.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.