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The gold price has been on the rise for the last few months, but Nick Santiago, CEO and chief market strategist at InTheMoneyStocks.com, still believes a major pullback to the US$1,500 per ounce level is possible.
“I’m not bearish gold at the moment, but if I do get a sell signal, I think the next leg down takes you to that US$1500 level, which would be the ultimate buy area,” he explained to the Investing News Network. “I think that’s going to be your chance to really get into gold for the long term. And then i do think gold ultimately breaks out to a new all-time high.”
This interview was filmed on January 25, 2023.
#Investing #Gold #Silver
0:00 – Intro
0:32 – Gold could still fall to US$1,500 this year
2:14 – When gold will hit a new all-time high
5:33 – Silver leading gold, the bottom is in
7:28 – Nick’s outlook on the US dollar
10:33 – Inflation and the Fed’s path forward
12:31 – Traders to thrive during choppy 2023
15:12 – Nuances in technical analysis
18:09 – Oil and energy sector forecast
21:12 – Expect “choppy and sloppy” markets
23:33 – 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.
