Nick is Long Everything (Ep. #4)

from Daily Market Wisdom with Nick Santiago

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 we discuss:

1. Weekly initial claims report was 6.6 million. Tomorrow we get the non-farm payroll report at 8:30 am by the BLS.

2. Crude oil is bouncing a little today on hopes of the Russia / Saudi Arabia spat ending. Either way, oil demand remains low. China is filling their stategic oil reserves at these levels.

3. Gold is the place to be right now, especially with all the stimulus money around the world.

We’ll sum it all up tomorrow, but Nick’s best trades for the week so far were calls on the GDX and Silver. For more info, go to www.InTheMoneyStocks.com.

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