Chris Vermeulen on SpaceX Excitement, Silver & Gold's Slowdown

Chris Vermeulen discusses how SpaceX’s impending IPO could re-energize investor risk appetite while urging caution with stocks trading near all-time highs and slower-moving trends. He says the SpaceX S‑1 and related IPO excitement may boost speculative flows into equities and tech names, potentially weighing on safe-haven metal demand in the near term. Despite a recent slowdown and quieter market chatter after a sharp reversal that hurt late entrants, Vermeulen remains bullish on the silver and gold trade, viewing current weakness as a consolidation rather than a trend reversal. Overall, the commentary implies a modest tilt toward risk-on if the IPO fuels momentum, but recommends watching longer-term technicals in metals and equity markets for confirmation.