Nick Santiago Updates: Stocks, Gold, Silver, Bitcoin, Ethereum

By Financial Survival Network / May 12, 2021 / marketsanity.com / Article Link

1. Markets are lower again today across the board. Tech is leading the declines trading down by 1.50%. The semiconductor ETF (SMH) is trading lower by nearly 3.0%. Everyone should watch this very closely.

Earlier today, there was a hot CPI (Consumer Price Index) number released. CPI increased 0.8% in April, Core CPI, which excludes food and energy, increased 0.9%. The Fed heads (central bankers) call this transitory. We shall see about that.

They should take a look at the steel price, copper, corn or wheat or lumber. Prices have gone exponential but there's nothing they can do about it. Will this cause the stock market to go down?

Leverage will blow up and take everything with it. There are others similarly situated to Archegos. The stage is being set. Billions and billions will be lost.

2. Gold/Silver yields are up and money is starting to flee. London Silver reserves were off by 3300 tons. Stronger dollar coming? Will the Fed tighten. Rates going higher, but still have a long way to go. The bond bubble is over.

3. Bitcoin making lower highs and the flight Ethereum. More Bitcoin distribution to come. There's more crypto out there than

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.

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