Tuesday saw a broad market selloff as equities tumbled alongside safe have assets like gold.As of 1:00 pm EST, the S&P 500 fell 1.15%, and gold dropped by 1%. Speaking to David Lin, anchor for Kitco News, Chris Vermeulen, chief market strategist of https://TheTechnicalTraders.com?EUR<, said that a broad market correction is just starting, and safe haven assets are going to fall alongside risk assets. In particular, uranium stocks are in danger of a "reset" to much lower levels, Vermuelen said.
0:00?EUR< - Markets tumble2:49?EUR< - Volatility8:35?EUR< - Gold vs stocks10:30?EUR< - Bitcoin11:34?EUR< - Uranium stocks
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.