Name: Markets Now A 'Landmine': Expect Brutal Selloff In A Month, Says Trader | Chris Vermeulen
Uploaded: 2025-10-06T21:09:38+00:00
Duration: 2530 s

Speakers

Chris Vermeulen — Chief Market Strategist, TheTechnicalTraders

Summary

Chris Vermeulen, Chief Market Strategist at The Technical Traders, tells David Lin that stocks, gold, silver, miners, platinum, and Bitcoin are in a euphoric late-cycle melt-up that likely has one to two months left before a major top and sharp reversal. He remains long precious metals and miners near-term but warns that parabolic price action, AI-bubble excess, and broad risk-on sentiment signal a dangerous blowoff phase. He also sees Bitcoin targets near $150K-$160K but considers it a crowded wild card, and he would wait for a consolidation before chasing miners and metals.

Chris Vermeulen says the stock market is in a stage-three blowoff-top phase and expects a major top or selloff within one to two months.
He is long gold, silver, miners, and platinum near-term, expecting another 6-8 weeks of upside, especially if silver clears $50.
He warns parabolic metals and miners rallies are short-lived and can be followed by multi-year dormancy or sharp drawdowns.
Bitcoin could run to $136K and then $150K-$160K, but he calls it expensive, crowded, and a lower-probability wild card.
He sees AI infrastructure and AI bubble excess as a key reason the broad market is closer to a top.
He suggests waiting for a consolidation or pullback before entering miners and metals rather than chasing current prices.
He flags potential rotation into altcoins as Bitcoin loses shine, though only tentatively.

Ideas

Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 3:44

Stocks near blowoff top, selloff soon.

Vermeulen sees the U.S. stock market in a euphoric, stage-three blowoff-top phase, with broad FOMO, money flowing into all assets, and an AI bubble that may be ending. He compares the setup to 2007, when stocks were at all-time highs while gold outperformed and the dollar was hated. He expects a major top within one to two months followed by a sharp selloff or reversal, so he is cautious about chasing and would ride existing longs only until the trend breaks.

Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 4:08

Gold spike continues, then blowoff risk.

Vermeulen is long gold and expects the precious-metals melt-up to continue for another one to two months, or roughly 6-8 weeks, with gold already near $4,000 and macro, fiat, and geopolitical distrust supporting demand. However, he views the parabolic move as late-stage blowoff behavior that could go dormant or pull back sharply after the spike, so he would use trailing stops and reset entries rather than chase.

Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 6:50

AI bubble may be ending.

Vermeulen warns that the AI bubble may be coming to an end: trillions of dollars have been poured into AI infrastructure, AI pitch-deck mania makes prior bubbles look small, and profits may be far off, leaving the spending out of whack. He views this as a major reason the broad stock market is closer to a top, making AI-related equities risky to chase.

Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 9:04

Miners rally further; don't chase.

Vermeulen says the mining space is the leveraged late-cycle trade: GDX/gold miners and silver miners have gone parabolic, and money is also flowing into platinum, copper, and base-metal miners as the stock market tops. He still thinks the precious-metal and mining space has more upside over the next 6-8 weeks, but the current running correction is volatile and landmine-like, so he would wait for a consolidation or bull flag, or use trailing stops, rather than chase.

Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 9:15

Platinum rockets higher while stocks top.

Vermeulen says platinum and platinum miners have joined the late-cycle melt-up and, like gold, silver, and miners, can continue to rocket higher temporarily while the stock market stalls or tops. He treats it as a leveraged risk-on and late-cycle play, with the caveat that a broad stock-market collapse would eventually pull the whole complex down.

Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 9:22

Silver could spike to $80s.

Vermeulen expects silver to spike toward or through its old all-time high near $50 and potentially into the $80s, with $82-$87 possible, because it is a small market and the $50 psychological level could trigger a FOMO feeding frenzy. He sees this as a near-term long opportunity but also a likely blowoff last wave, so profits should be protected with trailing stops because silver has epic reversals and can go dormant for years.

Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 24:14

Bitcoin targets $150K-$160K, crowded.

Vermeulen sees Bitcoin as part of the risk-on feeding frenzy, with Fibonacci and target levels pointing to roughly $136K, then $150K-$160K and possibly $180K over the next month or two. But he says Bitcoin is expensive and crowded, most of the potential global buyer base is already in, and it is a lower-confidence wild card because of its NASDAQ correlation, so it has meaningful upside but is less attractive than metals.

Chris Vermeulen Chief Market Strategist, TheTechnicalTraders 34:27

Altcoin season may be starting.

Vermeulen suggests Bitcoin's high price, crowding, and loss of shine may push investors seeking yield into altcoins, potentially starting an altcoin season; he notes rotation into coins with more volatility, though the view is tentative.

Markets Now A 'Landmine': Expect Brutal Selloff In A Month, Says Trader | Chris Vermeulen

Summary

Ideas

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