from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.
Today:
1. Earnings season is in full swing we’re waiting for Apple.
2. Gold/Silver are holding their own. Gold is over $1800 and silver is hanging in there. It still has to overcome some nearby resistance points.
3. In the bond market there are no true bids. Aussie government bond yields skyrocketed when they announced the end of QE. Nick believes that taper is going to happen. Bond yields are not signalling a major decline. There’s no place for yields to go but up. The Fed has been fighting delfation for years. Now they’ve got inflation and they don’t know what to do with it. Get ready for the Fed to yo-yo rates. It’s all about liquidity.
4. Bitcoin chart is still very strong at just under $62 and is rallying. Still overbought but the chart tells us the trend is still up. 70-75k.
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