MiningStockEducation.com, Released on 9/26/21
Professional Trader Gareth Soloway of InTheMoneyStocks.com shares how he is trading GDXJ, GLD, SPY, URNM, Bitcoin and more. Gareth sees a potential powerful move in gold starting in 6 to 12 months. He expects a near-term pop in GDXJ. He is bullish bitcoin long-term but expects it to head down to $18,000 to $20,000 first and at that level he will be a buyer. Gareth recently shorted URNM for a profit but expects a near-term bounce in this uranium ETF. He has been shorting oil unsuccessfully recently. And for the bold, he says, there is opportunity in sold-off Chinese stocks such as BEKE and BABA. Gareth has over 20 years of trading experience and is the Chief Market Strategist at InTheMoneyStocks.com.
0:00 Introduction
0:32 FOMC Sept Statement
1:45 SPY chart analysis
4:05 SPY stair-step down from here
4:53 Main trigger for gold
7:32 GDXJ analysis
9:25 Bitcoin: “We are going to go lower”
12:52 Gareth is long VXX
13:44 What commodities are you trading?
14:34 URNM
15:50 Oil
17:12 Chinese stocks: BEKE, BABA
Gareth Soloway is a professional trader with over 20 years of experience and the President, CEO, & Chief Market Strategist for InTheMoneyStocks.