Kitco News, Released on 3/6/24
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, who breaks down the technicals behind Bitcoin and gold hitting new record highs. Soloway charts what’s next for both assets and explains the narratives driving the next moves. He shares his macro outlook, Federal Reserve expectations, and his thoughts on the banking sector. Soloway also gives trading tips from his course.
00:00 – Intro: Bitcoin and gold hit record highs
00:39 – What’s driving Bitcoin vs. what’s driving gold
03:47 – What’s next for Bitcoin
06:53 – Bitcoin and the U.S. stock market
11:29 – Macro outlook
18:34 – Bitcoin price forecast
28:29 – Bullish calls, thoughts on gold
33:44 – Gold outlook
35:58 – Mining stocks
39:23 – Triggers for market correction
44:13 – Banking crisis
49:36 – Verified Investing course
Gareth Soloway is a professional trader with over 20 years of experience and the President, CEO, & Chief Market Strategist for InTheMoneyStocks and President of VerifiedInvesting.com