from Kerry Lutz's Financial Survival Network
Last time Chris Vermeulen was bearish on the stock market. Big money is moving into defensive stocks. We saw utilities blast off earlier in the year. Money could be rotating out of tech. Can’t buck the Tesla trend. Covid is good for Tesla. People don’t drive as much and don’t need long range.
Gold and silver short term down trend. Lower highs and lower lows, trying to find a bottom. If we have stock market weakness or dollar strength, with a downside target of $1810 and silver could slip to $21. Long term bullish. Good time to get it. A bear market in equities could lead to a correction in the sector. Metals and miners will be the first to rally after the bottom.
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