Ideas
Gold bull market, targets $4,100 plus.
Gold remains in a long-term bull market above its 150-day moving average, with bull-flag and Fibonacci setups targeting about $4,100 and potentially $4,500 or higher. He sees physical gold as the key safe-haven play, expects money to rotate from stocks into gold during the first big equity selloff, and says not to fight the clearly rising trend, while acknowledging a parabolic blow-off could end abruptly.
Bitcoin loses luster; steer clear now.
Bitcoin has lost its luster and is no longer acting like digital gold; it has been falling while gold and stocks rise, with Ethereum taking some money flow and investors rotating back into gold, silver, and miners. He says the chart is ugly and advises steering clear of Bitcoin temporarily.
Low VIX signals equity pullback risk.
The VIX is trading very low, indicating little fear and broad complacency. He treats low VIX as a warning that it is time to be cautious on risk assets, supporting the case for a near-term equity pullback.
Stocks trend up; SPY target 680.
The stock-market trend is still up and he remains long equities, but he expects a pause or pullback before another leg higher. His S&P 500/SPY upside target is around 680, only about 3% above current levels, and he says large-cap tech will need to do the heavy lifting because breadth is weakening.
Gold miners upside, but parabolic risk.
He sees continued upside in precious-metal miners, especially large-cap gold miners/GDX, but warns the move has become parabolic and crowded. Financing and M&A activity are only starting to pick up despite the rally, so he would stay with the trend while being prepared for a sharp reversal and protecting profits.
Dollar strengthens; Canadian dollar weakens.
The US dollar is trading at very low, hated levels, but it tends to rally during chaos and uncertainty because the US remains a powerhouse. He expects a stronger US dollar, especially versus the Canadian dollar, and says investors should hold US dollars.
Dollar strengthens; Canadian dollar weakens.
The US dollar is trading at very low, hated levels, but it tends to rally during chaos and uncertainty because the US remains a powerhouse. He expects a stronger US dollar, especially versus the Canadian dollar, and says investors should hold US dollars.
Small caps at resistance, pullback warning.
Small caps (IWM) are testing all-time highs and potentially forming a triple top, micro caps (IWC) are running into 2021 resistance, and equal-weight S&P 500 (RSP) is stalling. With everyone bullish and piling into these areas, he sees a warning sign because past visits to these levels led to sharp sell-offs.
Silver upside, but gold is preferred.
Silver has roughly the same upside potential as gold in his charts, but it is more volatile and lower-probability, and has only modestly outperformed gold this year. He still sees upside in the precious metals space for silver, but prefers gold for position sizing and smoother risk.
QQQ and MAGS pullback risk.
QQQ has hit the 100% Fibonacci measured move and resistance after the FOMO extreme, and the MAGS ETF is still in an uptrend but showing short-term weakness that may lead to a pullback. Large-cap tech may need to drag the market higher, but it is not showing the strongest short-term signal.
This The David Lin Report video, published September 24, 2025,
features Chris Vermeulen
discussing GLD, BTC, VIX, SPY, GDX, USD, CAD, IWC, RSP, IWM, SILVER, MAGS, QQQ.
10 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Chris Vermeulen
· Tickers:
GLD,
BTC,
VIX,
SPY,
GDX,
USD,
CAD,
IWC,
RSP,
IWM,
SILVER,
MAGS,
QQQ
