Gareth Soloway: Silver is Building Energy for Next Explosive Move Up

• Palisades Gold Radio
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  Tom welcomes back Gareth Soloway, President, CEO & Chief Market Strategist for InTheMoneyStocks. As a trader, you don’t want to let panic and fear take over. The drop on Friday around the new variant was a market sell-off. The buy the dippers came back on Monday and we’ve seen a good bounce back. There could be risks to the market should the Fed suddenly decide to taper or the government chooses to introduce new tax regulations. When everyone is on one side of the market it tends to reverse. The markets don’t seem to believe the Fed has a backbone. Every time something has occurred in the markets over the last twenty years the Fed has intervened. However, this means people aren’t making decisions based on fundamentals or technicals. They are just buying because markets always go up. The S&P and Nasdaq have been channel bound for some time. He would be concerned about the markets should we break through the lower bound in these channels. The silver chart is showing a lot of consolidation and chop. It’s likely building energy for the next measured move up.
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  He cautions that it’s difficult to judge how long we can remain in this pattern. Gareth is concerned about the volatility in crypto. There is a lot of leverage available to crypto investors. A small flush of the market can cause a massive decline due to overleverage. Gareth notes that some of the alt-coins seem to be entering a crypto-winter. Crypto has failed to hold a sustained move higher in recent months. He discusses the consolidation pattern in uranium and URNM. Again we should eventually see a breakout in this market. Gareth discusses his strategies for avoiding human emotion in trades. Charts are emotion-driven and crypto is no different. Lastly, he gives some contrarian plays for stocks and miners. Time Stamp References:
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  0:00 – Introduction
  0:42 – Recent Market Activity
  1:40 – Markets & Risks
  3:00 – Fed & Equities
  7:00 – Interest Rates
  8:45 – Charts – SPY/Nasdaq
  12:40 – Rates, Gold, & Concerns
  15:14 – GLD Chart
  15:49 – Longer-Term Approaches
  18:38 – SLV Chart
  20:21 – Crypto Leverage & Regs
  25:20 – Bitcoin Chart
  27:45 – Bitcoin Supply & Long-Term
  29:46 – Uranium & UNRM Chart
  31:48 – Oil & Excess Leverage
  34:27 – Trade Ideas & Miners
  36:40 – Contrarian Plays
  41:08 – Emotion in Trades
  42:52 – Wrap Up

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