Vermeulen: Bitcoin Poised for 30% Drop, Precious Metals are ‘Shining Stars’

“Precious metals are the stars” right now, says Chris Vermeulen. He anticipates a potential market pullback soon, citing a topping pattern. “The AI space has lost a little bit of its shine,” and banks are starting to pull back on loaning money to the sector, he says. His upside target for gold is $5,200 while silver is $106. Chris also highlights less traded metals like platinum. On the other hand, he thinks things are looking bad for crypto, with a bear flag signaling a potential 30% drop.

Trading 360

23 Jan 2026

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