Investors are dumping lower producing assets like gold to get higher volatility safeties like Tesla shares as well as bitcoin, said Gareth Soloway, chief market planner at In The Cash Stocks, yet Soloway is not marketing his gold yet.
Soloway's comments come as Friday's nonfarm payroll record showed a loss of 140,000 tasks in December, one of the most because the beginning of the pandemic.
0:00 – Why gold is getting "pounded" today
2:27 – Inflation assumptions down
3:31 – Money pulled out of gold
6:30 – 140,000 work shed in December
7:45 – Following essential degrees for gold
13:50 – Yield curve increasing
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