Gold and Stocks Pullback with Nick Santiago (Ep #546)

December 04, 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. Markets are pulling back today. They have been very overbought on the daily chart.

2. Gold is pulling back in a big way today trading lower by 2.3%. Gold was very close to a monthly breakout, but it never confirmed the move and today it is pulling in sharply.

3. Silver is also retreating today. While it has not been as strong as gold recently it has held up well. Today, it is tradling lower by 4.0%… Now we watch for pattern over the next week or so.

4. Bitcoin is sharply higher after the SEC meets with Blackrock about a spot ETF.

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