Huge explosive move' coming in 2022, this sector has 100% upside

11.15.21 - Gold: 'Explosive Move' Coming in 2022

Gold last traded at $1,863 an ounce. Silver at $25.33 an ounce.

NEWS SUMMARY: Precious metal prices steadied near 5-month highs Monday despite a firmer dollar. U.S. stocks traded mixed after the S&P 500 broke a five-week winning streak on Friday.

KITCO--"Chris Vermeulen, chief market strategist at TheTechnicalTraders.com discusses with David Lin, anchor for Kitco News, the stock market sectors with the largest upside potential for the New Year, as well as the sectors investors should avoid.

'GDX and SLV were in a bear market just a week ago,' Vermeulen said. 'They have moved to a recovery stage. Now they're in yellow, which is accumulation. They're starting to just get some momentum in them, and they're starting to get into another bull market. Gold should rally to $2,600. Gold miners, I think, will have a huge, explosive move.'

Vermeulen noted that gold and the mining stocks...will rally separately from the stock market....Once gold breaks out of its current range, the mining stocks will follow and 'go ballistic,' seeing potentially 100% returns in the next bull cycle, Vermeulen said."