Gareth Soloway argues the stock market has been reacting to politically timed headlines, then pivots to a mostly technical read on metals and commodities. He is near-term cautious on gold and silver, still long-term bullish on precious metals, bearish on copper, and looking for pullbacks in palladium and platinum before adding. Oil is framed as a tactical bounce trade from lower levels, not a major trend reversal.
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Gareth Soloway opens with a broad claim that recent market moves in equities have been heavily influenced by headline timing, especially around Iran negotiations and the Intel–Apple deal. He says the S&P futures sold off after hawkish comments from Kevin Worsh and then rallied when news of an apparent Iran deal and the Intel/Apple chip agreement hit the tape, framing both as politically timed “distractions” that helped reverse sentiment. The tone here is combative and conspiratorial: he repeatedly suggests the administration is “laser focused” on the stock market and is using news flow to manage optics around selloffs. He then turns to gold and says the metal is still in a downside trend despite longer-term bullish conviction. The technical focus is on a wedge pattern and multiple trend lines, with resistance and support clustered around 4,000, 3,900, and 3,500. …
Near term, the setup is tactical and fragile: gold and silver are still under pressure, oil looks like a bounce trade, and equities may stay headline-sensitive. The immediate risk is another news-driven reversal before the metals have confirmed a turn.
Over the next few weeks, the main question is whether gold and silver can stabilize above their support zones or continue to bleed lower. A decisive break in gold below the current wedge would favor further downside, while a dollar rollover could help reset the metals backdrop.
Structurally, the video is bullish on precious metals because of debt, deficits, and weak fiscal discipline. The long-run thesis is that these conditions should eventually support higher nominal metal prices even if the path remains choppy and technical pullbacks persist.
Gold is in a downtrend and could fall to 3,900, and eventually as low as 3,500, with an ultimate retest of the 3,600-3,630 scene-of-the-crime level.
Speaker shows a wedge pattern with multiple trendline touches, notes lower highs and lower lows, and argues the market tends to retrace to prior breakout levels ('scene of the crime').
Silver has formed a 'bouncy ball pattern' that points to a break lower, likely toward $54 and potentially $50 or even $40.
Pattern shows successively smaller bounces after each drop, suggesting momentum is fading and a breakdown is imminent. Support level near 54 and then the 50-40 zone are targets.
The US government is manipulating news releases (Iran deal, Intel-Apple deal) to distract from negative stock market days and artificially prop up equities.
Speaker cites the sequence of a hawkish Fed selloff on Wednesday, immediate announcement of an Iran deal later that night, then Intel-Apple news released by the government, followed by cancellation of Iran talks after markets closed.
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