Socio-Economics History Blog

Socio-Economics History Blog

Gareth Soloway: The Bottom is in for Gold

by mosesman

  • Palisades Gold Radio
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    Tom welcomes a new Guest Gareth Soloway President, CEO & Chief Market Strategist for InTheMoneyStocks. He explains what led him to become a trader after studying economics and why the markets enticed him. He discusses how it took him several years to build skills and come up with a methodology that worked for him. He cautions that using leverage can be risky. You need to be careful and understand the risks. InTheMoneyStocks use a system called price, pattern, and time methodology to evaluate stock technicals.
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    When you combine multiple factors you can be sure your trade will be successful. Interest rates are slowly climbing and putting pressure on high-beta tech stocks. Once we get through this stimulus period there will be new infrastructure spending but those may be funded by higher taxes. Higher corporate taxes may lead to additional selling. He explains the vicious cycle of money printing, stimulus, inflation and why that causes bond yields to move higher. Investors need to look for assets that are not based directly in dollars like gold and bitcoin. Inflation is driving the housing market and lumber has skyrocketed. The silver chart is mediocre but there has been a big increase in new buyers from the WallStreetSilver movement. He is concerned that lack of global growth could suppress silver.
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    He expects the dollar to head lower over the long-term but in the next few months there could be a pullback. He anticipates a further fall in the overall economy later in the year. Crypto has pulled some attention away from gold. Even institutions have decided that gaining exposure to this new asset class may be important. He believes the long-term bull trend for gold is intact and that by year-end we could reach $2200 for gold. Institutions use various methods to determine risk and higher rates often mean they will automatically sell some stocks and move to safer assets. He believes the Fed has already stepped into the bond market to stem the sharp rise in rates. Going forward he is most concerned about the possibilities of stagflation. Time Stamp References:
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    0:00​ – Intro
    0:35​ – Learning from Mistakes.
    3:40​ – Technical Tools
    6:40​ – Watching Volatility
    8:20​ – The Vicious Cycle
    9:57​ – Alternative Assets?
    11:30​ – Silver Market Thoughts
    12:44​ – Views on Gold
    15:30​ – Growth & Interest Rates
    18:25​ – Concerns, Panics, & Yields
    19:40​ – Yields & Institutions
    21:15​ – Yields & Opportunity (CHART)
    24:23​ – TLT & Rates
    25:13​ – Nasdaq and S&P Valuations
    26:20​ – Resistance Levels & Stops
    28:13​ – US Dollar Uptrend?
    29:44​ – Economic Headwinds & Taxes
    31:33​ – Gold Miners & Leverage
    33:13​ – Wrap Up

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