🔴 BREAKING! GOLD & SILVER EXPLODE, OIL CRASHES, US ELECTIONS SHOCK THE MARKET | Chris Vermeulen

Finance-Focused Summary

Market context: The discussion took place on November 4, 2026, the day after the U.S. midterm elections. The presenters described the initial market reaction as a relief rally following the election results, while cautioning that one day of trading does not establish a lasting trend. They expected markets to need two to three days—or roughly three to four days for funds and advisers to digest the results and rebalance.

Markets and Sector Rotation

• U.S. stocks rebounded after the Nasdaq and other indexes fell during election-night trading. The Nasdaq had been down about 2% overnight.
• At the time of the discussion:
  • Dow Jones: up about 2.8–2.9%
  • S&P 500: up about 1.7–1.75%
  • Nasdaq: up about 1.86%
  • Technology sector: up about 0.4%
  • Dividend stocks: up nearly 2.75%
• The speakers characterized money as rotating out of technology and semiconductors and toward dividend-paying, defensive, or economically essential sectors. They mentioned industrials, utilities, consumer staples, and healthcare as areas attracting interest.
• SPYD (identified in the subtitles as a dividend-stock ETF) and RSP (an equal-weighted S&P 500 ETF) were cited as examples of areas receiving inflows.
• Chris Vermeulen described the rotation toward slower-moving, dividend-paying companies as a potential sign of broader market weakness. He warned that a deeper technology selloff could eventually pull down the wider market, though he said that might take time and would require a significant decline over the next month or two.
• The discussion cited the historical tendency for U.S. stocks to rise in the six months after midterm elections, but cautioned that the pattern is not guaranteed. Vermeulen said he prefers to follow price action rather than assume the historical pattern will repeat.
• European markets also rose: the STOXX Europe 600 was up about 1.8%, and Germany’s DAX was up 2.22%. Vermeulen said international indexes often broadly follow the S&P 500 and can have substantial overlap with U.S.-listed companies.

Technology, Semiconductors, and AI

• Vermeulen said technology had been trading sideways since May and that SMH, a semiconductor ETF, was testing important support and had fallen below a July low.
• He described declining on-balance volume in semiconductors and high-volume selling over recent months as signs that large investors might be distributing shares. The discussion cited Goldman Sachs as saying October had been an unusually large month for hedge-fund sales of technology stocks.
• Vermeulen said AI and semiconductor valuations appeared elevated and that investors were concerned about the large spending involved. He argued that many AI companies were not yet profitable.
• Anthropic was mentioned as having revenue growth of about 12 times year over year while still losing money. A possible future IPO was discussed speculatively.
• The speakers suggested that AI’s appeal had faded somewhat and that investors were seeking less volatile businesses. They cautioned that a more severe AI or technology downturn could spread to other stocks.

Gold, Silver, and Mining Shares

• Gold rose on the day, but Vermeulen described the move as a technical rebound from an oversold level near Fibonacci support—not confirmation of a new bull market.
• He said the rebound was approaching a prior pivot high and the 20-day moving average, which could act as resistance. He expected a possible short-term bounce but said prices would need to hold and show sustained improvement before confirming a trend change.
• Silver had not risen as strongly as gold and was described as struggling to find buyers after breaking an important level.
• Gold and silver mining shares were reportedly up about 8–9%. Vermeulen attributed interest to the sector’s oversold condition and market uncertainty, while cautioning that the move could be short-lived.
• He described gold, silver, and mining stocks as still being in downtrends. A durable reversal, he said, would require prices to stabilize and moving averages to flatten and turn upward.

Oil, Inflation, and Bonds

• Oil was quoted at $88.91, after trading above $100 roughly a day earlier, with a sharp decline over the previous three trading sessions.
• The speakers suggested markets might be pricing in a reduced risk of Middle East escalation, particularly involving Iran. They said lower oil prices could reduce shipping, transportation, and commodity costs, ease inflation pressures, and support stocks and bonds.
• Vermeulen nevertheless described oil’s broader trend as upward and said it was at a critical support level. He warned that the news-driven decline could reverse sharply, particularly if short-term traders closed oil short positions.
• The U.S. 10-year Treasury yield was approximately 4.9%, around 10 basis points below 5%.
• TLT, the ETF tracking long-term U.S. Treasury bonds, was up about 0.5% and had otherwise moved little. Vermeulen characterized long-term bonds as being in a bear trend and expected yields to move sideways around 5% for a time, with the possibility of a further pullback.
• A promotional segment cited U.S. national debt above $40 trillion, compared with about $20 trillion in 2017, and argued that inflation could erode the value of bonds and cash. It gave the following age-based bond-and-cash allocation ranges as promotional context:
  • 20–30 years old: 0–20%
  • 40–50 years old: 20–40%
  • Over 60 years old: 40–60%

Methodology and Framework Discussed

Vermeulen’s technical approach was to:

• Prioritize price charts over headlines, especially during the first few days after a major event.
• Assess trend and support: Identify whether an asset is in an uptrend or downtrend and whether it is testing a key support level.
• Look for confirmation before treating a bounce as a reversal: Prices should hold, build a base, and show improving momentum rather than prompting an attempt to call the bottom.
• Watch volume behavior: Rising on-balance volume can indicate accumulation; falling volume can indicate distribution or selling.
• Monitor moving averages: A sustained change in trend would require longer-term averages to flatten and turn upward for precious metals, or to reverse direction for oil.
• Be cautious with event-driven moves: Allow several days for markets and portfolio managers to absorb news, and recognize that FOMO and short-term positioning can amplify moves.
• Match trades to the trend: A bounce can be traded, but it could reverse quickly if the broader downtrend remains intact.

Disclosures and Cautions

• The video description states that the content is for informational purposes only, not financial advice, and that the creator is not a licensed financial adviser.
• The description includes paid sponsorship and affiliate links. The on-air promotion encouraged viewers to consider moving some IRA funds into gold and silver through Noble Gold; the host also said partner referrals generate a small commission.
• Chris Vermeulen said he shares his portfolio and open positions and invited viewers to follow or copy his activity. This is his stated offering, not an endorsement.
• The speakers repeatedly cautioned that the day’s moves might be temporary and that investors should wait for price confirmation rather than assume a new trend has begun.

Presenters and sources: Danny (CapitalCosm) and Chris Vermeulen (The Technical Traders). Goldman Sachs was cited regarding hedge-fund technology-stock selling; Noble Gold was promoted in the sponsored segment.