Palantir Buys $50 Million In Gold Bars - Nick Santiago #312

Source:
https://www.spreaker.com/user/appeal2/nick-312

Today Nick and I kick off the day talking about retail: there are more earnings due out today, and it’s a big day for companies like Target, TJX franchises, Lowes, and Children’s Place. We also briefly discuss Bitcoin—which is down a bit today—but still around the 50% retrace area that we had discussed last week. Additionally, an analytics company that is fairly new to trading called Palantir bought $50 million of gold; this alludes to some of the insights they have about the future of gold, and perhaps they see something in store for this precious metal.

Highlights:
-There are more earnings due out today; it’s a big day for retail (Target, TJX companies, Home Depot, Lowes)
-Retail wasn’t so favorable yesterday, but is quite favorable today
-When we look at Bitcoin today, it’s down a little bit but is still around the 50% retrace area we discussed last week. If it can consolidate, it can perhaps make another push. We should still be cautious at this stage
-Palantir bought $50 million of gold, and this is a company that has not been trading long—they primarily deal with data collection. They may be accumulating gold because they see something out there
-It is not only Palantir that does this: there are a lot of analytic companies that purchase things like gold because of the insights they have
-Gold will probably not surpass the 1840 level

Useful Links:
www.inthemoneystocks.com
www.financialsurvivalnetwork.com