Palisades Gold Radio, Released on 9/28/23

0:00 – Introduction
0:40 – Dollar Strength & Chart
3:32 – Trailing Stops & Exits
5:18 – U.S. & Narratives
6:23 – Gold the Anti-Dollar
10:00 – Silver & Gold Charts
13:12 – Nasdaq Rolling Over?
16:05 – Smart Money & Funds
17:16 – Fed, T-Bills & Rates
18:45 – Commercial Debt Risk
20:50 – Recession & Consumer Debt
22:00 – Fed Easing & Inflation
24:30 – Politics & Incentives
24:54 – Global Markets & Liquidity
28:05 – Crude & Uranium
30:52 – Investor Psychology
32:54 – Concluding Thoughts

Gareth discusses the recent strength of the US dollar, which has seen 11 consecutive weeks of gains. Soloway notes that while the media may have different narratives, charts tend to repeat patterns due to human emotion. He recommends dollar cost averaging into positions and slowly exiting on the upside to ensure profits. The strength of the dollar can be attributed to the US’s relatively strong economic data, while other countries are struggling. This is causing money to rotate into the safety of the dollar and bond markets.

Currently, the US dollar is exhibiting significant strength. This can be largely attributed to the Federal Reserve’s monetary policy and the country’s high levels of debt. However, this strength is not sustainable and the dollar is expected to eventually weaken. Therefore, it is important to diversify away from the dollar, with gold being a recommended option. Gold has been performing well and shows signs of accumulation, especially with central banks actively buying it.

In terms of the stock market, Soloway notes that the NASDAQ is showing signs of a potential breakdown. Hedge funds are starting to exit long positions and short the market, indicating a potential shift in sentiment. The recent interest rate hikes are already having an impact, with banks failing and the real estate market starting to slow down.

Soloway also discusses his concerns about the US economy. He believes that the Federal Reserve’s aggressive hiking structure will eventually cause damage to the economy, potentially in areas such as commercial real estate or corporate debt. While the US has been able to delay a recession for a longer period than expected, there are signs that the economy could be heading towards a contraction. He suggests looking at commodity-heavy countries like Brazil and China. He remains bullish on uranium in the long term.

Gareth Soloway is a professional trader with over 20 years of experience and the President, CEO, & Chief Market Strategist for InTheMoneyStocks.

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