Commodities: Gold, Miners, Silver, TSX – Video Tip Of The Week

| December 28, 2021

Chris Vermeulen of The Technical Traders talks about what is going on with the markets. Are we in the late stages of a bull market for stocks? An indication of this is when commodities typically start to come to life and eventually outperform all other sectors and indexes.

Taking a look at the DBC, a commodity index tracking fund, the chart is rebounding after putting in a major bottom. On the Toronto Stock Exchange (TSX) chart, which is commodity-heavy, we are now on the verge of coming out of a double bottom that has occurred over the last few weeks. Looking at GDXJ, which is the Gold Miners, it appears that they are trying to put in a significant market bottom before breaking through the neckline. SILJ, the Silver Miners, have similar price action on their chart.

With these indicators of growth potential, the question remains – during the late-stage bull market for stocks, will commodities continue to strengthen and then take off to the upside over the next few months?


Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.

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Category: Commodities

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Chris taught himself to trade while completing his business diploma specializing in operations management. Chris’ first trading profits were enough to pay for his final year of college and allowed him to trade full time and become debt-free quickly. He had made millions from trading and the financial sector by the time he was 27 years old—his trading profits continue to build. He applies his unique background as a pilot systemizing processes and using technical analysis to give him unique insights to spot profitable trades while managing portfolio risk through proper position sizing. Chris has helped well over 40,000 people how to find profitable trades. He specializes in both momentum and swing trades trading strategies. He is renowned as an incredible trader with a deep insight and pulse on the markets. But equally important to his trading is his skill and passion for teaching others how to trade.

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