This interview was filmed on August 6, 2020.
With gold at a never-before-seen price level, what's next for the yellow metal? Nick Santiago, chief market strategist at InTheMoneyStocks, said that while gold could dip lower in the near term, the current cycle will see it rise much higher.
"I think this is the tip of the iceberg in the run longer term. In the short run we are very extended, very overbought," he said.
Santiago also discussed silver and the next key price levels for the white metal.
0:00 - Intro0:19 - Nick's background and what he does1:39 - Where are we in the current gold cycle?3:22 - What to look for in a gold price chart4:38 - Choosing between physical gold, stocks and more6:45 - Positive signs and red flags in stock charts8:36 - Silver's next important levels10:03 - How to play silver right now11:29 - Generalist investors and other opportunities14:05 - "There's a lot of risk in this business"15:43 - Outro
Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. After applying his knowledge to his client base and meeting his personal monetary goals, he decided it was time to begin teaching those interested in learning his trading and investing methodology. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.com and realize his dream of educating others about the truth of the markets. He now co-heads the education department at InTheMoneyStocks and enlightens thousands of members, along with providing consulting services to hedge funds and institutions.