Chris Vermeulen - The Technical Traders – Wed 2 Oct, 2019

Oil, Precious Metals, and US Markets – All With Very Different Trends

Chris Vermeulen, Founder of The Technical Traders joins me to look at the charts for oil, gold and the US markets. While all are trending in very different directions the US markets are closing in on a very important level that if broken could be very bad for risk on investors. Also of note that oil has given back all the gains since the Saudi oilfields bombing.

Note – This interview was recorded yesterday late in the day.

Click here to visit Chris’s site – The Technical Traders.

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Comments:
  1. On October 2, 2019 at 9:40 am,
    Matthew says:

    It’s clear to me that Chris Vermuelen knows a lot more than most chartists when it comes to reading the technical picture. From his interviews here over the last several months, it seems he’s equally good at assessing all time frames.
    I give him 4.5 stars (since no one gets 5). 😉

    • On October 2, 2019 at 2:22 pm,
      Charles says:

      Agree on Chris Verrmuelen. I always find his interviews insightful. I put Chris Kimbel in the same camp. Thanks to Cory and Al for keeping them in the line up.

      • On October 2, 2019 at 3:38 pm,
        Excelsior says:

        +5 I gave 5 stars because Charles combined Chris Vermuelen with Chris Kimbel. 🙂

    • On October 2, 2019 at 2:26 pm,
      Dick Tracy says:

      As much as I don’t think The US should have a Federal Reserve, The President shouldn’t take the step of publicly stating he did not consider the interest rate to be too low thus giving The White House sponsorship for running the economy. That is as bad a move as having The Federal Reserve dictate policy for the financial community.

      • On October 2, 2019 at 3:39 pm,
        Excelsior says:

        +5 I give 5 stars to DT’s comment because it is spot on!

  2. On October 2, 2019 at 10:30 am,
    larry says:

    /Es just tested and is rejecting a Tom Demark breakout support line at 2875.25 daily…..also 5 hour chart 7th wave down with RSI on shorter time frames diverging with price…out of short and into spxl with tight stop

  3. On October 2, 2019 at 3:42 pm,
    Excelsior says:

    With regards to the energy space…. This auction where Cameco is selling some of its underground mining equipment is a sign of the times in the Uranium sector:

    ______________________________________

    (CCO) (CCJ) Cameco Corporation Online auction: Thursday, Oct 3rd at 10am EDT

    Rabbit Lake Mine Site, Saskatchewan, Canada

    “Liquidation of Surplus Inventories and Underground and Surface Mining equipment – Over 6 Million Spares and Stores Inventory……”

    http://www.maynards.com/auctions/industrial/auction-details/cameco-corporation

    • On October 2, 2019 at 3:52 pm,
      Excelsior says:

      BWXT increases nuclear production targets

      Oct. 2, 2019

      “BWX Technologies (NYSE:BWXT) is in the process of restarting its existing TRISO nuclear fuel production line and is planning to expand its existing capacity within approximately 12 months.”

      “The expansion to BWXT’s existing TRISO fuel production capability will position the company to meet emergent client interests in Department of Defense microreactors, space reactors, and civil advanced reactors.”

      https://seekingalpha.com/news/3503292-bwxt-increases-nuclear-production-targets#email_link

  4. On October 2, 2019 at 7:42 pm,
    Charles says:

    That’s interesting Ex. Do you own the name?

    • On October 2, 2019 at 7:51 pm,
      Excelsior says:

      No I don’t, but saw it posted over at ceo and thought it was relevant to the demand equation as they may be buying up some fuel, just like Cameco has been doing in the spot market fueling more demand.

      I like the company Centrus (LEU) for nuclear fuel processing and reselling, and think Lightbridge (LTBR) may be onto something with their fuel cladding to reduce risk and improve efficiency of nuclear fuel.

  5. On October 2, 2019 at 10:49 pm,
    FIH says:

    I admire you both a great deal. I listened to and watched a great video by Rob Kirby on Greg Hunter USA Watchdog which I am pondering. his thesis is that the flight to US $’s should create a decline in demand but what is happening is that these surplus $’s are being sunk into the shale and crude industry to prop prices up. A # of blogs suggest that the western Banks cannot survive on crude prices under $50. he suggests that these $’s are disappearing in a black hole creating the appearance of a shortage of US $’s. He suggests there is a manipulated shortage of $’s. Interesting!

  6. On October 3, 2019 at 2:30 pm,
    Chris Vermeulen says:

    Hey thanks, for your kind words everyone and thanks again Cory and Al

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