Gold and Silver Blast-Off Nick Santiago 10-13-21 #330
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Description
1. Today is Whipsaw Wednesday. This is the Wednesday before options expiration Friday. It is often a session where rallies will fail and sell-offs will see upside reversals. Expect a...
show more2. Gold and silver are on fire this morning. Gold futures (GC) look like they are on schedule to trade up to the $1800.00 level. Silver is trading up by 2.5% and both metals have similar patterns on the daily charts. Breakout pattern on higher on volume.
3. Tesla could be going up due to options-ex. Overall the pattern is in an uptrend. It’s been that way since late September and broke above its major pivot of April 2021.
4. Bitcoin was down earlier but has come back. It’s holding up well and keeping its recent gains. Is it the new gold? Nick thinks not.
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Author | Kerry Lutz |
Organization | Kerry Lutz |
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