Chris Vermeulen, Chief Market Strategist at The Technical Traders, predicts a 30% surge in gold to $5,100 by year-end. Speaking with Daniela Cambone, he explains that the recent pullback is just a “three-wave correction” shaking out weak hands. Vermeulen compares current market behavior to pre-2007 conditions, warning that herd mentality and over-leveraged positions could trigger a parabolic gold rally amid growing financial instability.
