Gold and Stocks Pullback — Nick Santiago #546
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1. Markets are pulling back today. They have been very overbought on the daily chart.
2. Gold is pulling back in a big way today trading lower by 2.3%. Gold was very close to a monthly breakout, but it never confirmed the move and today it is pulling in sharply.
3. Silver is also retreating today. While it has not been as strong as gold recently it has held up well. Today, it is tradling lower by 4.0%... Now we watch for pattern over the next week or so.
4. Bitcoin is sharply higher after the SEC meets with Blackrock about a spot ETF.
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