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Nick Santiago: Gold’s Parabolic Move Since 2018 Warrants A ‘One Or Two Year’ Correction Now

Silver Bullion TV, Released on 10/26/20

We are joined on Metal Money by Nick Santiago, President and CEO of InTheMoneyStocks.com, as we discuss the possibility of gold prices basing for a year or two after its ‘parabolic’ move since 2018.

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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Steven Starr

Sorry, if one relies on charts that are based on fraudulent data in a rigged market, you are guaranteed to come to the wrong conclusion. Nick needs to read/listen to Alasdair Macleod and get better informed on the historical facts of hyperinflation. The endless trillions of digital dollars, euros, yen, etc that are being created will soon lead to a crackup boom and the collapse of all the fiat currencies. Gold (and silver) prices have long been suppressed in order to maintain the illusion of the strong dollar; this process is about to end and so just the opposite of a two-year “correction” is about to take place.

George

Steven Starr is correct. Many of these “gurus” are short term permabears and long term permabulls, who get attention for appearing wise and contrarian with their supposedly “prudent” short term outlook, but the problem is, they never go bullish short term, bullish now, ever. They never give a buy signal, the day never arrives, Jordan Roy-Byrne is another ridiculous example. We will be waiting for your “buy now” signal, Nick and Jordan, and waiting, and waiting, waiting,…..

Glen

So in other words you guys are saying if a man is not a gold permabull then he must be discredited and that all professional traders are phonies since they don’t always say “buy gold”?

Makes sense.