Silver is Building Energy for Next Explosive Move Up

The silver chart is showing a lot of consolidation and chop. It’s likely building energy for…

Gareth Soloway on Palisades Gold Radio

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Tom welcomes back Gareth Soloway, President, CEO & Chief Market Strategist for InTheMoneyStocks.

As a trader, you don’t want to let panic and fear take over. The drop on Friday around the new variant was a market sell-off. The buy the dippers came back on Monday and we’ve seen a good bounce back. There could be risks to the market should the Fed suddenly decide to taper or the government chooses to introduce new tax regulations. When everyone is on one side of the market it tends to reverse.

The silver chart is showing a lot of consolidation and chop. It’s likely building energy for the next measured move up. He cautions that it’s difficult to judge how long we can remain in this pattern.

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