$20 Silver - Nick Santiago 7/20/20 #79

Jul 20, 2020 · 12m 35s
$20 Silver - Nick Santiago 7/20/20  #79
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1. We have a mixed session today with the tech heavy NASDAQ trading higher and the other major stock indexes trading lower. Earnings season now kicks into high gear this...

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1. We have a mixed session today with the tech heavy NASDAQ trading higher and the other major stock indexes trading lower. Earnings season now kicks into high gear this week with 100's of companies reporting earnings this week. 

2. Here's a great example of how stocks work. Most of the leading vaccine stocks for COVID-19 are falling today after PFE/BNTX (Pfizerr and BioNtech)  and Astazeneka (AZN) reported positive news for these RNA vaccines. This simply looks like a buy the rumor sell the news event. That is why we have to use charts and not the news for trading.

3. Gold and Silver up again. We’ve had a great run and we’re vulnerable to a pullback. Silver is having a power move today, on the way to $20. At this stage of the game you can get to $20. Futures are at $20.25 going into the anniversary high. Any pullback is going to be short lived. Why wouldn’t you be buying silver at this point in time. Everyone should have some exposure. Metals started going up with the stock market, a real change in momentum.
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Author Kerry Lutz
Organization Kerry Lutz
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