Chris Vermeulen: 'Parabolic' Bubble, Big Pullback for Gold & The Financial Reset

Why It Matters

The analysis signals a near‑term equity rally may mask an emerging bubble that could trigger a sharp correction, urging investors to prioritize stable, long‑term positions over speculative trades.

Key Takeaways

• Equities, especially tech and micro‑caps, are driving current market rally.
• Gold and silver poised for sharp downside after recent parabolic gains.
• Nasdaq may target 10% rise, 18% upside using Fibonacci extensions.
• Potential bubble likened to dot‑com era could trigger a financial reset.
• Investor prefers stable, long‑term positions over volatile commodity trades.

Summary

Chris Vermeulen, chief market strategist at TechnicalTraders.com, warned that the current market surge is heavily skewed toward equities—particularly technology and micro‑cap stocks—while precious metals like gold and silver are on the brink of a steep correction. He highlighted that the S&P 500 and Nasdaq are setting all‑time highs, but the rally is narrow, driven by a handful of high‑growth names, and that money is flowing into growth‑oriented sectors rather than broad market breadth.

Using daily charts and Fibonacci extensions, Vermeulen projected the Nasdaq could climb another 10% to its first resistance level and potentially 18% to a longer‑term target around 35,400. He likened the unfolding dynamics to a “parabolic, euphoric move” reminiscent of the 2020 gold‑silver rally, suggesting a rapid upside could precede a sharp top and a subsequent market pullback. The strategist also flagged a dot‑com‑style bubble forming around AI‑driven IPOs such as SpaceX and emerging LLM firms, which could catalyze a broader financial reset.

Key quotes included, “If it’s a parabolic move, I’d be happy with quick gains, but it will likely signal a major market top,” and “Financial resets are painful but healthy, resetting economies and businesses.” Vermeulen emphasized his own conservative stance, avoiding volatile commodities like oil in favor of stable, long‑term equity exposure, and warned that aggressive trading in headline‑driven markets can erode portfolios quickly.

For investors, the message is clear: stay long equities, especially tech‑heavy indices, but prepare for a potential sharp correction in precious metals and a broader market pullback if the bubble bursts. Position sizing, portfolio diversification, and a focus on steady, long‑term assets will be critical as the market navigates between a possible parabolic surge and an inevitable reset.

Original Description

Stijn Schmitz welcomes Chris Vermeulen to the show. Chris Vermeulen is Founder & Chief Investment Officer, The Technical Traders. Vermeulen begins by analyzing the current equity market, noting that while stocks are grinding higher, the rally is not broad-based but concentrated in tech, small caps, and micro caps, which he sees as a sign of underlying weakness. He suggests the market may be entering a euphoric, parabolic phase, potentially triggered by upcoming IPOs like SpaceX, but warns this could end in a sharp correction and a major market top.

Recorded on: May 28, 2026

Find Out More About Palisades Goldcorp, Canada's Leading Junior Resource Investment Company:

► Website: https://palisades.ca

Palisade Radio Links:

► Website & Newsletter: https://palisadesradio.ca

► Rumble: https://rumble.com/c/c-1586024

Timestamps:

00:00:00 - Introduction

00:00:52 - Market Opportunities Radar

00:02:20 - Equities Current Trends

00:02:41 - Rally Breadth Concerns

00:04:00 - Index Selection Discussion

00:06:25 - Fibonacci Technical Analysis

00:11:20 - Bubble and Melt-Up Debate

00:12:30 - Oil Market Disruptions

00:17:10 - Agricultural Commodities View

00:22:31 - Gold Price Predictions

00:28:27 - Silver Miners Analysis

00:35:59 - Copper & Chris's Approach

00:37:20 - Concluding Thoughts

Guest Links:

Website: https://thetechnicaltraders.com/

X: https://x.com/TheTechTraders

Chris Vermeulen is the Founder & Chief Investment Officer of The Technical Traders and the visionary mind behind Asset Revesting. In his book Asset Revesting – How to Exclusively Hold Assets Rising in Value, Profit During Bear Markets, and Continue Building Wealth in Retirement, he lays out this investment framework.

Chris launched his financial career at 16, parlaying his knack for trading and risk management into funding his final year of college, where he earned a business diploma in operations management. By his twenties, he had achieved financial independence as a full-time entrepreneur and trader. After a setback—blowing up a trading account—Chris dedicated himself to treating trading as a business, completing the Trading Strategy Mastery and Trading Is Your Business courses.

A technical analysis expert, he devises systematic methods to spot market opportunities and control portfolio risk, rejecting traditional buy-and-hold approaches that cling to depreciating assets. His efficient asset allocation models balance short- and long-term strategies to minimize drawdowns and consistently outperform benchmarks. Those seeking reliable capital preservation and growth turn to his proven techniques.