• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    VIDEO - Gareth Soloway: Gold Forming Bullish Pattern, Factors Holding Silver Back

    Charlotte McLeod
    Jul. 28, 2021 02:00PM PST
    Precious Metals
    "prosper gold"play icon

    Gareth Soloway of InTheMoneyStocks.com also spoke about Fed policy ahead of the central bank’s latest meeting.

    All eyes are on the US Federal Open Market Committee this week, which shed some light on policy after its two day meeting, held from Tuesday (July 27) to Wednesday (July 28). 

    The US Federal Reserve indicated that it will leave interest rates unchanged; it will also continue its bond-buying program, although the central bank has now suggested it will start thinking about how to taper.

    Speaking to the Investing News Network ahead of the news, Gareth Soloway, chief market strategist at InTheMoneyStocks.com, said he would be paying close attention to any Fed announcements.

    “It’s definitely an important meeting, because the Fed has been dropping signals about potentially cutting back on their bond buying — that’s different than the interest rate hikes, we know they’re not going to raise interest rates,” he said. “But it’s a matter of will they start to taper in the bond buying, and that’s going to be something I’m looking really closely for in their wording.”

    Soloway also shared his thoughts on the gold price, saying that while news from the Fed and other sources can move the yellow metal, it’s important not to get too distracted by short-term factors.

    “If you’re a long-term gold investor, you just have to continue to look at the facts, which are (that) the money printing is continuing, China continues to go on this path of the digital yuan — they want the digital yuan to be the new global reserve currency, which will ultimately cause downward pressure on the dollar — that’s also inflationary and good for gold,” he said. “So all of these factors that are going to play out over the next two, five, 10 years will and should drive up gold’s price.”

    Soloway has a bullish outlook on gold, and believes it could reach US$2,100 per ounce by the end of the year. But he’s less positive on silver, which he thinks is being held back by its industrial side.

    “The savings, the investment portion from the safety trade of silver is lukewarm, and then (when) you throw in the industrial weakness, it kind of tips the scale to slightly lower, and I think that’s what you’re seeing,” he said. He thinks silver may stay steady or fall a bit in 2021, but could regain power next year.

    Watch the video above for more from Soloway on gold, silver and other areas of opportunity.

    Don’t forget to follow us @INN_Resource for real-time updates! 

    Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

    Editorial Disclosure: 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.

    gold investingunited statesgareth soloway
    The Conversation (0)

    Latest News

    Aurum expands footprint of Boundiali and Napie Gold Projects

    CDT moves to 100% Mineralis to secure Cote d'Ivoire Earn-In

    Cobre Limited: Unlocking Copper and Critical Minerals for a Low-carbon Future

    Harvest Gold Announces Mosseau Drill Program Update; Urban Barry Regional Till Program Completed

    Earthwise Advertising & Investor Awareness Campaign

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Precious Metals Stocks

    Triumph Gold

    TIG:CA

    Horizon Minerals

    HRZ:AU

    Alice Queen

    AQX:AU

    Pinnacle Silver and Gold

    PINN:CC

    1911 Gold

    AUMB:CC

    Kobo Resources

    KRI:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×