The stock market whiplashed after a hawkish 9-3 Federal Reserve hold, but the real story is the massive unwinding in the semiconductor sector. Recorded midday Pacific, July 29, during the post-Fed reversal. Markets sold off into the close, with the Nasdaq 100 ending in correction territory. South Korea’s KOSPI has crashed 33% this month, and memory chip giants like SanDisk are down 57% in just 30 days. Is the AI CapEx bubble bursting?
In this episode, Gareth Soloway, Chief Market Strategist at Verified Investing, breaks down exactly why the tech unwind is spreading and shares the exact trendline where he is contrarian-buying the chip crash. Gareth also maps out the S&P 500’s critical “line in the sand,” explains why the New York Fed is flashing a credit market warning, and details the structural global forces driving his long-term $13,000 gold target.
Recorded July 29 2026
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CHAPTERS:
00:00 Fed Hold Market Whiplash
01:02 Hawkish Hold Breakdown
01:57 Markets React Dollar Slides
03:46 Gold Reversal Key Level
05:39 Breakout Confirmation Checklist
06:27 Dollar Oil Jobs Drivers
08:43 Gold 13,000 Cycle Thesis
10:28 Calculator Inputs Scenarios
15:24 Buying Plan Physical Vs Trade
16:43 Miners Setup GDX Newmont
17:36 Silver Surge Chart Warning
19:00 Silver Lag Risk
19:31 Gold Over Silver
20:34 AI CapEx Doubts
21:54 KOSPI Support Setup
22:14 Leverage ETF Unwind
23:38 Semi Cycle Snapback
24:50 NASDAQ Bear Signals
26:16 S&P Line In Sand
27:30 Yields Inflation Doubts
28:35 Rotation To Defensives
29:51 Credit Stress Warning
30:46 Oil Topping Pattern
32:58 Key Levels Tomorrow
34:21 SanDisk Bounce Trade
35:42 Wrap Up And Question
#KitcoNews #GarethSoloway #StockMarketCrash #GoldPrice #Semiconductors #FederalReserve #TechnicalAnalysis #Investing #MarketCrash #S&P500 #Silver #Commodities
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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46 Comments
With bond yields surging and tech stocks taking a beating today, where are you positioning your portfolio? Are you stepping in to buy the semiconductor crash, holding cash, or rotating into gold and hard assets?
Let us know in the comments below, and hit subscribe for daily coverage!
Now nothing as always
$3500 Gold call looking pretty bad right now. You’ll have him on again and say he got everything right when he clearly didn’t.
5 days later the Market just made a new high lol. Print baby print.
Shameless. He speaks about the market with so much confidence, yet his subscribers are losing a huge amount of money following his calls.
Gareth, make video on silver cycle will blow your mind for non subscription people also😅
could use stronger currencies around world greater purchasing power for affordable prices that also increase trade by making exports more affordable lowering trade and budget deficits governments banks investors can use some of monetary stimulus from low central bank Federal Reserve federal funds interest rates to purchase government bonds of other nations helps them with government spending and reduce debt as well as stronger currencies purchasing power
sp500 git rsi above 50 and it is above 50 day average whereas nasdaq rsi is about 28 and it has work to do…
$3500 an ounce!
why are you calling always the dumbest people to your show….
amazing how this guy can talk abt bs information that will hurt a lot of new investors listening to these nonsense..
thanks
thanks
Kitco disgraces itself talking to Gareth the goof. Downvote. Choose better guests
Beareth Soloway, can’t believe this guy is still around after all his catastrophic calls
• Gold's intraday reversal of over $100.
• Federal Reserve holds rates but warns of inflation.
• Gareth Soloway's $13,000 gold price prediction.
• Tech stocks facing headwinds amid increased spending.
Soloway… I'm still waiting for the $3500 gold Oz? When is it?
Gold has gone down $1400 per oz because the Fed might raise rates, but then they don't raise rates and gold goes down more?
July 2008-October 2008 WTI oil price $US147-$US35 a barrel between that time Wall Street 4th largest investment bank Lehman Brothers bankruptcy world didn't forget that time greetings from Fremantle western Australia.
បកខ្មែ
Solomon so dramatic….
Jay Powel for a moment I felt in a time wrap watching an old video which still has the current analysis for today's markets I guess it works at all times markets move up & down or sideways year in & out
So the market may go up or it may go down… Got it! Thanks for the tip!
"BUY THE DIPS!!!!
Gold to $13k, LOL, current gold price and world supply nets $28 trillion. Total value of US equities, $72 trillion. If gold goes anywhere, its down 50% to major support gap at $2000.
Why life is so difficult to live. It's hard enough to work hard to earn some paper money to buy foods and pay rent, now you have to work even harder to buy some gold chips then some crypto imaginary money so you can rest better at night if and when the paper money is destroyed to zero value.
I asked AI what should the FED do to lower Inflation? IA thinks: the Fed must immediately stop printing new money, allow interest rates to rise to their natural market levels, and ultimately abolish itself in favor of a sound, market-based currency like gold. 😂
Thanks 👍
This guy is 90% of the time wrong. Lost a lot of money for his subs…
Forceful Warning 😆😂🤣 i just spit out my coffee thanks Jeremy 🤣🤣 the fed has a inflation mandate its absurd to insinuate that inflation isn't the game🤣
The Fed has no hand on fighting inflation whatsoever… They cave now which they shouldn’t have and they were cave later. It’s all talk and no abilities to fight in inflation or keep the economy alive.
The yes man
Charts and paper assets… basically nothing to do with physical and demand. More to do with the 'feelings' & crystal balls of people who 'trade' rather than 'invest'.
The S&P support-break angle is useful, especially with the 'big money unwind' context. I like validating these breaks by comparing prior daily candles where SPY/QQQ closed below a similar support area after a comparable intraday range, then looking at the next-day distribution instead of relying only on the line break. Historical research only, not investment advice.
Get real….the universe???? hahahaha
Great interview Jeremy!
Gareth is a master in Technical Analysis!
Excellent interview 👍
5:00 Lesson Learned:
Never waste your time with gold.
Better buy Bitcoin and S&P500 and Mag7
Gold is not a good long-term hedge against inflation. Over the 40-year period from 1980 to 2020, the US inflation rate (CPI) increased by 214.08%, which outperformed the price of gold's increase of 197.71%. This underperformance occurred despite a massive run-up in gold prices that began in the early 2000s, suggesting the high starting price in 1980 was too much to overcome.
Bitcoin is a better hedge. Investors must pay a maximum 28% gains tax on gold as a long-term investment, which is often higher than the 0% maximum rate on stocks and Bitcoin held for over a year.
Additionally, gold investors are charged a substantial labor cost both when buying (25% for crafting) and selling (10% for appraisal).
Finally, gold is subject to government confiscation, unlike Bitcoin.
And, let's not forget that gold is super overvalued because Platinum, which is scarcer, is cheaper.
Soloway can't possibly be this naive about recent movements in the price of oil. I'll let him in on a secret – recent movements have little to do with genuine market forces and more to do with outright manipulation. Drawing his little lines on the chart tops and bottoms to predict the future price is commical.
Interesting the rearmament trend gets not air–its country wide with no signal of stopping??????
This man changes his outlook like a weathervane.
Jerome Powel LoL
I really like interviews with Gareth. 👍🏼
You are bang on with 64 as confirmation level on VC-PMI, technical and gann as well.
On fundamentals I see a falling wedge and silver will move way more violent because it is consolidating in shorter intervals between 57-59 against bond yields at gfc levels, high oil, high dollar and speculative overcrowding on the short side. We see vertical moves up on every short close with higher lows on re-entry for shorts
Where do these clowns get the idea that the fed is going to hike? They C A N ' T. If they do the house of cards will fall down. Everything. Government, companies and citizens will go broke. Prices of houses will collapse. The government can't pay the debt anymore, companies can't either. What is so difficult about this, for so many people?
Jeremy please ask your guests to comment on if metals can/may rebound faster than stocks if/when a big correction comes.