Chris Vermeulen: Why This Gold Breakout Could Fail

Chris Vermeulen, technical analyst and founder of The Technical Traders, argues that the broader stock market remains firmly bullish even as money rotates out of Big Tech and into other areas of the market. He sees the S&P 500 and Nasdaq setting up for another major leg higher, potentially ending in a euphoric blow-off phase. At the same time, he remains cautious on gold, silver, miners, and long-term bonds, arguing that recent rallies are still countertrend moves until the charts confirm a broader reversal.

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0:00 Is the gold rally a trap?

0:59 Money rotates out of Big Tech

3:14 What the broader stock market is signaling

5:20 Why stocks may have another major leg higher

7:16 Chris Vermeulen’s ETF trading strategy

12:16 Why gold is still technically in a downtrend

16:18 What would confirm a new metals bull move?

18:16 Managing positions during sharp rallies

23:23 Silver’s bounce and key resistance

26:13 Bitcoin and the danger of bear-market rallies

26:38 Why copper is bucking the trend

28:48 Rising yields and financial stress

31:35 What would make TLT attractive again?

33:17 The Technical Traders

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