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Gold, Bitcoin: Expect more pain before major gains - Chris Vermeulen

Kitco News

Both Bitcoin and gold prices have more consolidating to do before moves to new all-time highs happen, said Chris Vermeulen, chief market strategist of TheTechnicalTraders.com.

“I think gold is trying to put in a base. I think it’s going to try to range here before $1,700 and $2,000 until the end of the year, and next could be a very big year for gold,” Vermeulen told David Lin, anchor for Kitco News.

For Vermeulen’s views on stocks and Bitcoin, watch the video above. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV).

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.