Kitco News, Released on 4/27/23
Gareth Soloway, Chief Market Strategist at InTheMoneyStocks.com and President of VerifiedInvestingEducation.com, joins Michelle Makori, Kitco’s Editor-in-Chief and Lead Anchor, to discuss the U.S. economy and the latest GDP figures. Soloway discusses the market reaction, the next steps from the Fed, his concerns about a coming recession, the banking system and why he expects the S&P 500 to crash at least 25 percent in 2024. He also gives his forecasts for gold, Bitcoin, silver, and the U.S. dollar, which has faced growing threats from de-dollarization.
0:00 – Latest GDP report
3:24 – Fed policy
11:33 – Banking sector
16:51 – Bitcoin
21:01 – Precious metals
24:47 – Geopolitical risks
26:55 – De-dollarization
33:16 – Emerging markets
34:00 – Winning Trader Series
Gareth Soloway is a professional trader with over 20 years of experience and the President, CEO, & Chief Market Strategist for InTheMoneyStocks.
S&P to crash 20% in 2023 as ‘panic’ sets in, Fed causes ‘tremors’ in banking system – Gareth Soloway added by Herman James on
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