Chris Vermeulen - The Gold and Oil Guy – Thu 4 Feb, 2016

Gold is looking promising but don’t expect a straight up run

A preview of this weekend’s show The Gold and Oil Guy, Chris Vermeulen provides his outlook on gold. For the full interview on the weekend show we also cover the movements in the oil price.

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Chris VermeulenAl KorelinCory Fleck

  1. On February 4, 2016 at 10:37 am,
    CFS says:

    Negative interest rates, where the Fed is headed, is good for gold.

    But never forget, it will be oppressive for freedom….
    The number of countries where access to currencies is being restricted is a growing list:

  2. On February 4, 2016 at 10:47 am,
    CFS says:

    Of $GOLD, GDX, GDXJ, GLD, the only one I see slightly overbought is GLD and I think gold still will run for some days more, so I think the call is a bit early.

    For a pull back later….Sure….got to fill in the gaps.

    • On February 4, 2016 at 10:54 am,
      JayT says:

      Looks like I bought DUST a day or two early. 🙁

      Trying to hedge several winning miner positions and make some lunch money to buy more when gold pulls back.

      Maybe OK if I hold for a couple of weeks, but some falling knife cuts can be seen 🙂

  3. On February 4, 2016 at 11:19 am,
    Jay Linn says:

    I really appreciate this guest’s clearly spoken outlook. Could we have him as a regular commentator? Thank you.

    • On February 4, 2016 at 3:03 pm,
      Excelsior says:

      Chris is a pretty good analyst. I’ve been reading his editorial for years. He used to be featured on Kitco and few other PM sites fairly regularly.

  4. On February 4, 2016 at 11:27 am,
    CFS says:

    The problems of using monetary policy to drive economics:

  5. On February 4, 2016 at 11:29 am,
    Frank from moscow CCF says:

    Thanks……..I requested the background….thank you for responding…….

  6. On February 4, 2016 at 11:34 am,
    Frank from moscow CCF says:

    1080……… the heck out of 820………….I like Chris V………… 🙂

  7. On February 4, 2016 at 5:43 pm,
    Jason says:

    Might be flipping over to DUST for a scalp after a nice run in NUGT.

  8. On February 5, 2016 at 9:35 am,
    PB says:

    In 1998 China was selling 20 tons of gold a year on the world market, of which 5 tons came from Myanmar (which had trade and investment sanctions against it). Today, China and Russia are buying huge quantities monthly, mainly to get rid of US dollars (China accrues US$ from trade, Russia from oil and gas to Eastern Europe). If it wasn’t for this buying support gold would be way, way lower in price.
    Gold is a crap shoot – if the buying support continues then gold should rise due to economic instability, but if for any reason we see China and Russia pull back on physical purchases then watch out!