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Gold's Next Cycle Won't Need a Falling Dollar to Succeed: Gareth Soloway

Mar 27, 2026
Guest
Gareth Soloway
Gareth Soloway, Chief Market Strategist at Verified Investing and market technician, breaks down gold's recent crash and why systemic stress in private credit may be the driver. He covers gold acting like a risk asset, key technical levels and a potential washout to 3,500, links between yields and policy, and why future gold cycles might not need a falling dollar.
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INSIGHT

3,500 Will Be The Washout Before The Next Parabolic Move

  • A $3,500 downside would act as a 'scene of the crime' retest of the breakout base and likely set up the next parabolic move higher.
  • Soloway expects that washout to be the buying opportunity before a long-term run toward $10,000.
ADVICE

Use 70 And 93 As Key Silver Decision Levels

  • Expect silver to remain weaker in structure unless it reclaims 70–71 and then clears ~91–93 to regain momentum.
  • Soloway holds a low-end silver target of $50–$54 and watched the 70 close below as bearish confirmation.
ADVICE

Leg Into Miners Rather Than Trying To Time A Bottom

  • Use legging-in to build positions in miners (GDX) instead of trying to pick a single bottom.
  • Soloway legged into GDX around 75 and would add in increments (e.g., every ~$3) down to a longer-term target near 68.
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