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