Chris Vermeulen: Unlocking Gold’s Profitability in 2024 – Silver and Uranium to Follow?

As precious metals show immense possibilities in the coming years, investors are looking for potential gains. Among the various commodities, Gold, Silver and Uranium appear to be frontrunners. Chris Vermeulen, the founder of Technical Traders Ltd., recently shared his prediction that Gold will reach a new all-time high by 2024. If this projection is accurate, it would represent a strong buying opportunity for gold investors. According to Vermeulen, gold’s path to its predicted peak includes some immediate steps. First, it will reach a regional low in early 2021. This will give investors a great chance to buy into the commodity, even before it begins its long and slow march to higher prices. Uranium is another commodity that Vermeulen believes can reach record highs. With a limited supply and growing demand for nuclear energy, it appears there could be immense potential in the coming decade. Finally, silver is also expected to reach new highs due to a few different factors. Both industrial demand and increasing consumer demand for silver items are expected to bolster prices. So what would be Gold’s next move after reaching its new heights in 2024? Vermeulen suggests that investors should look out for pullbacks in Gold’s prices shortly after it reaches its all-time high. This should give the investor an opportunity to buy in and capitalize on any dips. After that, Vermeulen believes that the trajectory of gold will remain largely positive for a few years until a decline of about 30% could be experienced. This could be due to a spike in inflation or other factors. The next move after that dip will be a recovery, which could take Gold back to its previous high. This scenario should still provide ample opportunity for profit. At the end of the day, it’s important to use a well-informed and comprehensive approach when investing in any commodity. By keeping an eye out for opportunities such as those suggested by Vermeulen, you can potentially capitalize on positive trends.