Full Market Breakdown: Bitcoin, Stocks, Gold & Silver (Gareth Soloway)

"But this signal should be the beginning of at least 20% draw down."

"What I'm going to look for is all of these lows going back to November. They all hammer on this general uptrend. And so the idea is that price should come back down into that. That'll be around $90 per ounce. Now, it probably from that point gets a small bounce, but then I actually think you're likely headed even lower. Next major support will be right in here around the $75 or $76 level."

"I actually think it's going to come back to $50. My guess is when all is said and done and the dust settles and my guess as well is that the economy once the capex from this AI craze stalls out a little bit, I think the US economy starts to slide towards recession."

"Gold hit 5,000, pierced 5,000, might short-term be topping out. And I would be in the same camp where I do expect gold to come back in and retrace back to about 4,500 in the near term."

"Now I still think gold eventually is probably coming back to 4,300. I even think a worst case scenario could be around 3,500, but I wouldn't think that gold would go below 3,500."

"This tells us that this may actually be a legitimate attempt at the dollar and might actually succeed in breaking this longer term trend. It doesn't end overnight. This is going to be a 10 plus year type event."

"If we see a more muted correction, 10, 15, or 20%, I think Bitcoin starts to find support at the previous cycle highs. ...I think we bottom out on Bitcoin between 67,000 and 72,000."

"But we have to assume that essentially we're going to head back to the low end of the channel back down around 5,500 or so on the S&P."

"But ultimately, I think it's a risk asset that eventually does become the digital gold, the gold store of safety. If it doesn't become the gold store of safety, I don't know what it is. And so it needs to eventually get there. It is not there yet as clearly as we can see with gold's price versus Bitcoin."

"We're seeing more and more inflationary pressures and I think this is what's going to surprise the market in the second half of the year is that you're going to have inflation start to creep up due to all these input costs and at the same time the Fed is going to want to cut rates or at least there's going to be pressure and they're not going to be able to."

"And I think ultimately that's going to drive long-end rates like the 10-year higher instead of lower."

"But at the same time, building out more plants means more memory chips coming on the market, which is going to drive margins lower. And I think that's going to be the story in the second half is that margins from these earnings reports are going to start to come down and the market's not pricing that in yet."

"This technology is moving so quickly that a lot of these companies that are spending so much money now without the power to run the data centers without all these other factors are going to be left in the wake with a big bill at the end of this."