Speaking ahead of this week’s gold and silver price correction, Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, said the metals were due for a ‘significant pullback.’
After that, they’ll be positioned for a new leg up.
‘There will be a time definitely to get back into metals, because I think metals will go dramatically higher from where they are right now,’ he explained. ‘But I do think that’s a year or two out.’
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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