In terms of gold, he believes US$2,500 per ounce is a ‘lock’ in 2024, with US$3,000 possible within 12 to 18 months.<\/p>\n
However, he cautioned investors that the yellow metal is likely to pull back before reaching those heights. <\/p>\n
‘While I still think gold has more upside, you have to respect a trend line that goes back 40+ years (showing) that we probably are due for some sort of pullback. I even think we could get a pullback to about US$2,075, which was that breakout level,’ he said during the interview. ‘But basically I’m in the position where pullbacks are buying opportunities.’<\/p>\n<\/p>\n
Looking over to silver, Soloway said previously that if the precious metal could make it past US$25.50 per ounce it would have ‘really good upside.’ Now that it’s made it past that point, he sees US$30 as an important price. <\/p>\n
‘I continue to think that we’re going to go up here and test US$30, which is that key resistance from 2020,’ he said. ‘Once we get to US$30 we have to reevaluate. But I do think again, whether we get a small pullback or not, we’re destined to go to US$30. And down the line if gold goes to US$3,000 you’re going to see silver go higher than US$30 as well.’<\/p>\n
Soloway noted that Bitcoin’s strength this year has been a bit of a surprise for him, noting that it’s intertwined with the stock market as a risk asset. He expects that to eventually change, but not quite yet. <\/p>\n
‘The combination of the stock market doing well really catapulted it. We also had the spot (exchange-traded fund) approval, we have the halving coming up \u2014 all of these are adding to that bull narrative,’ he said. <\/p>\n
When asked what price he would buy Bitcoin at, Soloway said the US$49,000 to US$52,000 range looks interesting. <\/p>\n
Watch the interview above for more from Soloway on gold, silver and Bitcoin, as well as the overall market. <\/p>\n
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" In terms of gold, he believes US$2,500 per ounce is a ‘lock’ in 2024, with US$3,000 possible within 12 to 18 months. However, he cautioned investors that the yellow metal is likely to pull back before reaching those heights. ‘While I still think gold has more upside, you have to respect a trend line that <\/p>\n","protected":false},"author":1,"featured_media":1947,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-1946","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts\/1946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/comments?post=1946"}],"version-history":[{"count":0,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/posts\/1946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/media\/1947"}],"wp:attachment":[{"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/media?parent=1946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/categories?post=1946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitaltradecenter.com\/index.php\/wp-json\/wp\/v2\/tags?post=1946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}