Gareth Soloway: Passing This Trend Line Could "Supercharge" Gold

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This interview was filmed on September 14, 2021.

With the summer months now over, where is the gold price headed in the fall? Gareth Soloway, chief market strategist at InTheMoneyStocks.com, said he still thinks the yellow metal could reach US$2,100 per ounce by the end of the year.

Displaying a chart of the SPDR Gold Trust, he said he sees a bullish consolidation pattern that points toward upside, but also a bearish inverse head-and-shoulders formation.

"What I'm looking for here is when do we break this trend line? Because once you break this trend line gold should kind of get a supercharged move to it," said Soloway. 

#Investing #Gold

0:00 - Intro
0:20 - US$2,100 gold still possible by year end
2:20 - What to expect from the Fed next week
4:57 - Will we still have the Fed in 10 years?
10:55 - Reviewing opportunities in Chinese stocks
15:38 - WallStreetBets and investing psychology
18:46 - Gareth's ideas on uranium and final thoughts
21:51 - Outro

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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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