Gold Price Getting Crushed, Here’s Why And Where It’s Headed Next – Gareth Soloway
Investors are dumping lower yielding assets like gold to buy higher volatility securities like Tesla shares and bitcoin, said Gareth Soloway, chief market strategist at In The Money Stocks, but Soloway is not selling his gold yet.
Soloway’s comments come as Friday’s nonfarm payroll report showed a loss of 140,000 jobs in December, the most since the start of the pandemic.
0:00 – Why gold is getting “pounded” today
2:27 – Inflation expectations down
3:31 – Money pulled out of gold
6:30 – 140,000 jobs lost in December
7:45 – Next key levels for gold
13:50 – Yield curve rising
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Gold price suppression continues…..
@M S started to sell off some of my gold positions…..i might sell some silver too ….
@MC R I exited all my gold positions at 1922 it was too obvious that a price hammer would hit. However i have one silver position underwater atm. but opened another one at 24.9 today which is safe. Waiting to see if BTC pulls back a little and invest all my Gold positions into BTC and probably once gold is back at the 19xx marks i will sell my physical ounces too.
More reason to migrate to BTC
@marcelo cb I have way more btc than gold, silver. I didnt know which hedge would prosper….but I thought w how the world is moving …..super techie ….it would be bitcoin … but now what? just chill? wait till price discovery is over?…..or just dump all gold and silver positions into crypto space lol
@M S you are a BOSS
You can’t print money but you can print currency; that was a little shocking to hear him say that the Democrats will print money haha
Gareth forgot to put on his Star Trek insignia pin and uniform on for this interview. We the people demand it!
Any excuse to sell gold, when the dollar crashes oh wee baby
@Ahilleas Tsavalos lol why do you think they released the virus and wont let small buisness make money?? They want the dollar to die so they can start a new ponzi scheme with a crypto they are going to make, so they can go on a never ending printing spree
@God’s Com’n buying on the bottom?? I don’t understand your hidden messages
@Ahilleas Tsavalos he knows notting there is no bottom only up
@Bitcoins knights Templar things stay up for so long….the way how I look at it is, this government is in limbo
@Ahilleas Tsavalos the dollar lost half its value since 2000s ,the dollar has already crashed
Obviously a 900 million dollar fine isn’t enough
Peter didn’t even phase them…business as usual the very next day.Why would it they still have a huge net gain even after the 900
shame the fine money went back into the criminals hands called the government, the investors that lost the money are the ones that lost out, miners should get together and control supply and give the middle finger to comex and lbma criminals
Risk versus reward… they need jail
@Paulo Gouveia absolutely they should. Look at Antwerp for a blueprint.
They should fine them in gold. They will just print the $900 million.
there is no way China and India are going to accept Bitcoin over gold…
@atari7001 idiot! From seashells to salt to precious stone/metal to fiat to bitcoin. Money evolved into different form based on the prevailing technology.
@arno nabuurs you realize they can just make their own crypto right? They don’t need Bitcoin lol
@austin rosin good choice. FP Journe is also quite nice
@Arthur Dalton 😳
They will lag behind, it’s like saying we don’t like this new thing called internet!
EVERYTHING THERE IS MANIPULATED
WHY NO ONE IS PRISONING FOR MANIPULATION
EVERYONE KNOWS IT BUT SPEAK AND SPEAK SMARTLY
When metals do well there’s no manipulation, but when it corrects on normal “money moves” there’s manipulation… the banks short sell for their advantage… it takes 2-3x more calls than puts to outweigh a move… idiots ran into the capital… intelligence can out call the “paper” banks…
This guy said markets will crash at the end of the year..
They’ve been saying the same lies for the last 6 months
Market manipulation points to “institutions trying to drive down the price of hard assets so they can snatch them up before the dollar crashes”
Exactly!
Just opportunities to buy more!
🙄 Ok the world economy will not collapse anytime soon, and if it did, anarchy would form and good luck buying anything with your gold bullions then
@greveeen Don’t need armageddon just risk off and money printing.
also they want PM’s to stay low so big tech companies can continue to make devices at good prices
B.S.
These criminals raise the price of gold and silver to sell high and then drop the price on the rest of us.
This is a revolving door and it’s all manipulated for the demons that run this world.
Just like the house always wins.
It’s one big club and you ain’t in it!!!!!!
Talk is cheap. Every time silver and gold go up they get smashed down. Period. What I’d like to hear is some evidence that the precious metals market will be freed of manipulation and subject to authentic price discovery.
Stop trying to rationalise this drop, pure manipulation by JPMorgan & co manipulators
C’mon guys..the gold and silver markets are so manipulated. It’s a joke
Got crushed today lol
How
@Mike yes 100% new comers push more new buyers to make more money
BTC expected to top 100K this year. DROP YOUR GOLD for BTC NOW!!!!!!! BTC is the new gold.
@marcelo cb gold and BTC are two different asset classes.
I like this guy. He says everything I want to believe that doesn’t come true
HAHAHAHA
😂😂😂
great comment!!!:-)))))
Lol he is a yes man.
This guy is in denial. BTC is the new gold. Sell your gold and buy Bitcoin NOW. NOW!!! BTC WILL DOUBLE IN PRICE TILL JULY. TRIPLE UNTIL DECEMBER.
“Is a weak jobs report bad for the stock market? Maybe it’s actually better.” This, folks, is at the core of our national crisis
UNEMPLOYED PEOPLE HAVE BEEN RECIVING $1,000 A WEEK
sO ITS LIKE THEY STILL HAVE A JOB
AND PPP PROGRAMS KEEPS FAILING BUSINESS ALIVE
IT’S A FALSE ECONOMY
“Oh, hello, I didn’t see you there, I was just trading on my 10 monitors “
I thought that too 😂
Short term prices don’t matter to me… I hold my silver gold for 30 years still
“People have money to burn because they’ve been cooped up.” My guess is once this cooped up money is unleashed, inflation will begin in earnest and will be unstoppable.