Palisades Gold Radio

Chris Vermeulen: Silver Manipulation, Oil ‘Breaking Out’ & Why Big Moves Are Ahead for Gold

Feb 20, 2026
Chris Vermeulen, founder and CIO of The Technical Traders and technical analysis author, explains recent wild swings in gold and silver and why short-term signals remain mixed. He discusses a fragile equities uptrend with smart money moving defensive, a bullish US dollar outlook that could pressure gold, and oil possibly breaking out short-term while longer trends stay uncertain.
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INSIGHT

Momentum Fueled The Precious Metals Blowoff

  • Gold and silver's recent parabolic rally was driven by momentum and FOMO, creating extreme volatility.
  • When a momentum-fueled blowoff ends, rapid capitulation and sharp corrections often follow.
INSIGHT

Long-Term Bullish, Short-Term Damaged

  • Long-term precious metals trends remain bullish while short-term charts show significant damage and bearish signals.
  • The market sits in 'no man's land' and could either form a launch pad for a parabolic leg or break down sharply.
ADVICE

Let The Trend Start Before You Act

  • Follow price and trends rather than trying to call exact tops or bottoms.
  • Wait for the market to 'start moving' and then jump on the trend to capture the high-probability middle section.
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