Can bitcoin, gold price rallies last? ‘Better enjoy it while you can’ says Chris Vermeulen
When something goes straight up, it usually comes straight back down said Chris Vermeulen, Chief Market Strategist at The Technical Traders, referring to bitcoin’s recent parabolic move upwards. Gold sees upside to the $2,400 an ounce level in 2021 but faces risks of a possible stock market correction that could drag the metal down.
click on the image below to watch the interview
0:00 – 2021 market outlook
3:00 – “A very volatile year”
5:48 – Trigger for a stock market crash
6:50 – Outperforming sectors
8:15 – Gold
13:48 – Gold miners
14:36 – Bitcoin