0:00 - Introduction0:45 - Stagflation2:16 - Deflation?3:24 - Interest Rates4:57 - Fed Long-Term6:18 - Job Reports & Markets8:23 - Time & Trades11:10 - Gold Vs. Silver13:00 - Gold Predictions15:40 - Dollar Thoughts17:33 - Gold/GLD Chart24:59 - Newmont Mining25:47 - Bitcoin Chart27:54 - Volume Indications30:22 - Trend Signals34:15 - Growth Opportunities37:54 - Concluding Thoughts
Tom welcomes back Gareth Soloway, President, CEO, and Chief Market Strategist for InTheMoneyStocks.
Gareth explains why inflation is coming, but only after the economy completes reopening where we will likely experience a stagnant or contracting economy. It's good for gold but not suitable for stocks and the economy. He doesn't see how why the Fed would stop money printing and stimulus. Therefore, the pressure will continue to be on the stagflationary side, and deflation seems unlikely.
The Fed is rather cornered once inflation starts to run away on them. In that scenario, they will have a hard time raising rates.
Long-term assets like gold and bitcoin will benefit from the stimulus and dollar decline. However, there will likely be another drop in bitcoin when the system deleverages.
It's always important to have something that protects you in the event of catastrophic market problems. Currently, gold has a better outlook for wealth preservation than the dual-use nature of silver. Silver tends to outperform when the economy is doing better. Watch the inflation numbers and yields as this will be the driver for the metals. You want to evaluate the long-term numbers and be skeptical of any narrative the Fed tries to create.
He discusses Bitcoins sideways consolidation and where he expects it to head.
On short-term trades, volume is important to watch, and Gareth explains what he looks for during different parts of the trading day. He explains why it's essential to check for confirmation when a trend line breaks, especially on heavy volume.
Gareth discusses where he sees opportunities, including some Chinese stocks. Some of these equities are looking quite undervalued especially when compared to US stocks.
Gareth Soloway President is CEO & Chief Market Strategist for InTheMoneyStocks.