Tom welcomes back Gareth Soloway, President, CEO, and Chief Market Strategist for InTheMoneyStocks.
Gareth explains why inflation is coming, but only after the economy completes reopening where we will likely experience a stagnant or contracting economy. It's good for gold but not suitable for stocks and the economy. He doesn't see how why the Fed would stop money printing and stimulus. Therefore, the pressure will continue to be on the stagflationary side, and deflation seems unlikely.
The Fed is rather cornered once inflation starts to run away on them. In that scenario, they will have a hard time raising rates.
Long-term assets like gold and bitcoin will benefit from the stimulus and dollar decline. However, there will likely be another drop in bitcoin when the system deleverages.
It's always important to have something that protects you in the event of catastrophic market problems. Currently, gold has a better outlook for wealth preservation than the dual-use nature of silver. Silver tends to outperform when the economy is doing better. Watch the inflation numbers and yields as this will be the driver for the metals. You want to evaluate the long-term numbers and be skeptical of any narrative the Fed tries to create.
He discusses Bitcoins sideways consolidation and where he expects it to head.
On short-term trades, volume is important to watch, and Gareth explains what he looks for during different parts of the trading day. He explains why it's essential to check for confirmation when a trend line breaks, especially on heavy volume.
Gareth discusses where he sees opportunities, including some Chinese stocks. Some of these equities are looking quite undervalued especially when compared to US stocks.
Time Stamp References:
0:00 - Introduction
0:45 - Stagflation
2:16 - Deflation?
3:24 - Interest Rates
4:57 - Fed Long-Term
6:18 - Job Reports & Markets
8:23 - Time & Trades
11:10 - Gold Vs. Silver
13:00 - Gold Predictions
15:40 - Dollar Thoughts
17:33 - Gold/GLD Chart
24:59 - Newmont Mining
25:47 - Bitcoin Chart
27:54 - Volume Indications
30:22 - Trend Signals
34:15 - Growth Opportunities
37:54 - Concluding Thoughts
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Chief Market Strategist Gareth Soloway has been an avid swing and day trader since his days at Binghamton University, where he studied Economics. After college, Gareth quickly excelled as a financial adviser, but his heart was always in swing and day trading. He had this long-standing belief that he could help investors make more money by advising them on shorter-term investments (holding a stock for days to weeks) than the buy and hold crowd who lost 50% of their money during every market collapse. "Why not profit during the bear markets just like the bull markets," he said. So while helping others gain financial independence during the day, he spent his nights studying charts and price action, developing a unique market trading system that put his profits on a rocket ship. Some nights he would barely sleep when he found a new technique that was proven, once back-tested.
After building his wealth through trading in 2004, he left the financial industry to trade his own money and study charts and technical signals. This was when he met Nicholas Santiago. The two top traders spent days trading stocks/futures together and nights putting their collective brainpower into the pure genius that would become the PPT Methodology.
InTheMoneyStocks was launched in 2007 once the PPT Methodology was perfected. Gareth's goal was to help average investors beat the best hedge funds and traders on Wall Street by teaching them the methodology and giving them his trades as he took them LIVE!
Since 2007, Chief Market Strategist Gareth Soloway has maintained an over 80% success rate on swing trade alerts (verified 300+ trades per year) given to members in Verified Investing Alerts (formally named the Research Center) and a confirmed 94% success rate on day trades in the Live Day Trading Chat Room. He has given lectures at colleges around the United States, been asked to train hedge fund traders in other countries, and taught thousands of investors how to invest and trade profitably, achieving their dreams of financial independence. He lives life to the fullest and puts his heart and soul into teaching his members who come willing to learn the PPT Methodology.
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