Another Day, Another War with Nick Santiago (Ep #533)

October 09, 2023

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. Oil is gaining after the Israel war.

2. Markets are lower this morning, burt they did have a big rally on Friday. The bond market is closed today due to the old Columbus Day holiday now called indigenous peoples day. In the past, when the bond market was closed the stock market would often rally. Remember the old saying, when the cats away the mice will play.

3. Gold is catching a strong bid trading higher by 1.0%. Gold rallied on friday as the US dollar pulled back and is seeing some interest today. Gold will often do well in times of uncertainty. Silver is also positive today, but gold is stronger right now.

4. Bitcoin is trading lower today by 1.4% to 27,500. Remember, there is a bearish weekly chart pattern on bitcoin that signals a move down to 22K.

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