Gareth Soloway: Gold Buying Opportunity as Weak Hands Flushed Out
This interview was filmed on June 22, 2021.
The gold price has been on the decline since last week's US Federal Reserve meeting, dropping below the US$1,800 per ounce mark and staying there.
Gareth Soloway, chief market strategist at InTheMoneyStocks.com, said US 10 Year Treasury yield activity had an impact on the yellow metal. But he remains bullish on gold long term, with a US$2,860 target for the next two to three years.
"I'm positioning for higher gold prices down the line. I look at this dip as a buying opportunity. I think it was kind of a flush out for the weaker hands for gold," he said.
#Investing #Gold #Bitcoin
0:00 - Intro
0:21 - Latest Fed meeting and gold's reaction
3:11 - Gold price targets; bear case potential
7:17 - Is an S&P correction in the cards?
9:34 - How Gareth is playing the S&P situation
12:53 - Market impact of meme stocks
16:06 - Gareth's bitcoin price target for 2021
19:09 - Bitcoin, China and final advice
21:20 - 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.
Видео Gareth Soloway: Gold Buying Opportunity as Weak Hands Flushed Out канала Investing News
The gold price has been on the decline since last week's US Federal Reserve meeting, dropping below the US$1,800 per ounce mark and staying there.
Gareth Soloway, chief market strategist at InTheMoneyStocks.com, said US 10 Year Treasury yield activity had an impact on the yellow metal. But he remains bullish on gold long term, with a US$2,860 target for the next two to three years.
"I'm positioning for higher gold prices down the line. I look at this dip as a buying opportunity. I think it was kind of a flush out for the weaker hands for gold," he said.
#Investing #Gold #Bitcoin
0:00 - Intro
0:21 - Latest Fed meeting and gold's reaction
3:11 - Gold price targets; bear case potential
7:17 - Is an S&P correction in the cards?
9:34 - How Gareth is playing the S&P situation
12:53 - Market impact of meme stocks
16:06 - Gareth's bitcoin price target for 2021
19:09 - Bitcoin, China and final advice
21:20 - Outro
________________________________________________________________
Investing News Network (INN)
Find out more about investing by INN @
https://investingnews.com/
Follow this link to learn more about Gold ↓
https://bit.ly/2ZlNHlb
Want a FREE investor kit? Download here↓
https://bit.ly/31NNNTR
Follow us Facebook:
https://www.facebook.com/investing.news.your.trusted.source
Follow us on Twitter:
@INN_Resource
________________________________________________________________
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.
Видео Gareth Soloway: Gold Buying Opportunity as Weak Hands Flushed Out канала Investing News
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