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Gareth soloway, President and Chief Market Strategist on inthemoneystocks.com, expects gold to outperform cryptocurrencies and stocks in 2023. In a Thursday interview, soloway stressed his belief that "gold will perform best" this year and said the US Federal Reserve will not cut rates until a "massive nasty recession" happens.
Gareth Soloway, President and Chief Strategist of inthemoneystocks.com, predicts that gold will surpass cryptocurrencies and stocks by 2023.
In a Thursday interview, Soloway highlighted his conviction that "gold will be the best return" this year and said the U.S. Federal Reserve will not lower rates until a "severe recession" occurs. Gold will surpass key assets in 2023: the market forecast of strategist Gareth Soloway.
On Jan. 27, 2023, in an interview published Thursday, Kitco News Anchor and Producer David Lin with Gareth Soloway, president of inthemoneystocks.com, about the outlook for gold and cryptocurrencies such as bitcoin (BTC). Soloway has expressed a strong belief in the gold performance this year and told Lin he was going to outperform most of the major assets.
"I still think gold is going to be the best singer [this year]," soloway told the host. "You can't forget the Fed is now maintaining interest rates at their current levels. They're probably going to tighten up a little bit.
Ultimately, they will not look to cut their spending until we see a serious recession," added the market strategist. They're probably going to tighten up a little bit. News reported that experts suspect a significant rise in gold prices. Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, predicts that gold will reach $3,800 per ounce and silver will reach $75 per ounce in 2023.
Robert Kiyosaki, author of the hit book Father Poor Rich Dad, predicts that gold will reach $3,800 an ounce and silver will reach $75 an ounce in 2023. Soloway does not expect similar performance from bitcoin (BTC) and suggests could drop to $9,000 per coin. Forecasts that cryptocurrencies like bitcoin will outperform most asset classes.
Soloway is not expecting similar Bitcoin (BTC) performances and suggests could fall to $9,000 per coin.
The leader of inthemoneyinventories.com said: I dare say that without the Fed's money impression, Bitcoin is headed towards twelve to thirteen thousand, and perhaps as low as $9,000.
Despite a gain of more than 40% so far in 2023 and an increase of over 38% in the past 30 days, Soloway pointed out that bitcoin (BTC) is still down more than 65% from its all-time high. I dare say that without the Fed's money printing, Bitcoin is heading towards twelve to thirteen thousand, and perhaps as low as $9,000.
Soloway spoke about his calls to the market that proved to be accurate and explained that when he first started trading there was no indication. Despite a gain of more than 40 per cent to date in 2023 and an increase of more than 38 per cent in the last 30 days, soloway stressed that Bitcoin (BTC) is still falling by over 65% of its record. With reference to the recent growth, soloway said “it’s a nice bounce,” but he firmly believes that bitcoin is “still in an overall downtrend.”what do you think of gareth soloway’s predictions for gold and cryptocurrencies in 2023?
