Another Day, Another War — Nick Santiago 10/9/23 #533

Source:
https://www.spreaker.com/user/appeal2/nick-533

1. Oil is gaining after the Israel war.

2. Markets are lower this morning, burt they did have a big rally on Friday. The bond market is closed today due to the old Columbus Day holiday now called indigenous peoples day. In the past, when the bond market was closed the stock market would often rally. Remember the old saying, when the cats away the mice will play.

3. Gold is catching a strong bid trading higher by 1.0%. Gold rallied on friday as the US dollar pulled back and is seeing some interest today. Gold will often do well in times of uncertainty.
Silver is also positive today, but gold is stronger right now.

4. Bitcoin is trading lower today by 1.4% to 27,500. Remember, there is a bearish weekly chart pattern on bitcoin that signals a move down to 22K.