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This interview was filmed on January 28, 2022.
Gold has spent the last year and a half or so consolidating after reaching an all-time high in mid-2020, and for some market watchers that price activity has been disappointing.
Gareth Soloway, chief market strategist at InTheMoneyStocks.com, said that the yellow metal is behaving similar to how it did in the mid-1970s. In his opinion, it’s setting up for a “a big move to the upside” that should take place about halfway through the year.
He also shared why he thinks an oil price crash is a possibility.
#Investing #Gold #Oil
0:00 – Intro
0:20 – Gareth’s FOMC meeting takeaways
2:00 – The straw that broke the market’s back
5:04 – Will market declines continue?
8:40 – Gold acting like it did in the 1970s
12:44 – US$20,000 not a stretch for bitcoin
15:28 – Think of bitcoin like a tech stock
18:35 – Is an oil price crash in the cards?
22:17 – Trading opportunities amid turmoil
24:22 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.