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. Markets are having a tough week since the Monday reversal selloff. Tech has been under pressure the most and that could be the case going forward. As bond yields move higher in the 10-year note more investors flee from the technology sector. Seasonality trends are generally bullish from Thanksgiving to the New Year, but this time around traders will have to be careful and very selective into the end of the year. Perhaps, tapering is tightening after all.
2. Gold and silver have been under heavy selling pressure as the U.S. Dollar Index (DXY) has strengthened. A strong dollar will usually bring commodity prices down as they are all traded in dollars.
3. Earlier today, the Weekly Initial Claims report reported just 199,000 new claims. The expectations were for 265,000 so this was better than expected. While this was the lowest number since November 1969 it does not seem like the market really cares at this time. All eyes are on the current Fed tapering and potential rate hikes down the road.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
The opportunity to lower our exposure to risk is always present in some fashion, but embracing this opportunity becomes critical when precarity and change-points rise like restless seas.
In another incident of deja vu, gold investors everywhere have seen their spirits crushed this week in the same old tired manner The Bullion Banks have employed for decades.
When Sultan Abdulmejid I of the Ottoman Empire declared war on Russia in the summer of 1854, he assumed it would be an easy victory that would restore his crumbling empire back to its former glory.
Protests erupted all over Europe and in Australia over the prospect of renewed lockdowns, vaccinating children and other Covid measures. They’re fed up. I am fed up. You are fed up.
President Joe Biden gave a speech this afternoon on the state of the economy. According to its billing, it would address “lowering prices for the American people.” Yet Biden seemingly wants us all to forget about price inflation as an economic issue.
Covidians are the cabal of Biden officials, the CDC, Dr. Fauci, the vaccine producers, the leftist-run media, and local politicians who irrationally push COVID mandates over the restraints of the Constitution and rational thought. Their defeat is imminent.
Stolen goods get sold to law-abiding Americans by third-party vendors on big ecommerce sites that profit from it. Legislation to control it struggles.
Since the very beginning of the covid panic, the narrative has been this: implement severe lockdowns or your population will experience a bloodbath. Morgues will be overwhelmed, the death total toll will be astounding. On the other hand, we were assured those jurisdictions that do lock down would see only a fraction of the death toll.
If you think that inflation is bad now, just wait until we get into early next year. As you will see below, some of the biggest corporations in the entire country have just announced major price increases which will take effect during the first few months of 2022. So if there are some things that you want to stock up on, you may want to do it now, because your money won’t stretch as far once we get a few months down the road. I really wish that I had better news for you. I really wish that I could tell you that prices are going to level off and that economic conditions will return to normal soon. Unfortunately, the truth is that it appears that our problems will soon be accelerating.
At The Daily Bell, we’ve faithfully debunked the corporate media’s unending fake news campaign to push the preferred storyline(s) of its owners.
Two realistic price movement scenarios can see silver finally ascend through the magnetic $50 level in 2022. A case can be made that either – or perhaps both – have a strong likelihood of taking place.
1. I’ve suggested that gold investors need to be prepared to watch gold dip below $1800 (and perhaps as low as $1566-$1450) before an enormous rally towards $3000 gets underway.
After receiving a backlash for questioning vaccine efficacy, UFC star Conor McGregor posted an image of an out of shape immunologist along with the sardonic comment, “I know nothing of strong immune systems or physical health, fitness and wellbeing. This guy does.”