Speaking ahead of this week’s gold and silver price correction, Chris Vermeulen, chief market strategist at TheTechnicalTraders.com, said the metals were due for a “significant pullback.”
After that, they’ll be positioned for a new leg up.
“There will be a time definitely to get back into metals, because I think metals will go dramatically higher from where they are right now,” he explained. “But I do think that’s a year or two out.”
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.