NY Gold Nearest Futures
On Monday August 5, 2019 Gold traded as high as $1,481.50 and Closed the Day at $1,473.40.
As usual Martin Armstrong Artificial Intelligent Computer (AI), Socrates was again correct when it had stated that August would produce a Turnaround and a Directional-Change on which we needed to focus.
We had hoped that this Turning-point and Directional-Change would have been the one that would have taken Gold below $981.50. We also wrote, that we would need to see how it would all develop moving forward.
This huge spike down in the Dow, S&P 500 and the Nasdaq, created on August 6, 2019 by the Chinese Devaluation of the Yuan against the US Dollar which was started with a Tweet from Donald Trump when he wrongly accused China.
Wednesday August 7, 2019 Gold traded as high as $1,522.70 and Closed that day at $1,509.40. We took a lot of Profits of the table and sold off a high percentage of the Gold Shares from our Gold Stock Portfolio. With these profits we will buy back all of those Shares we sold and more when as we expect Gold goes down in price again.
Although, currently, we are selling Gold Shares from our Gold Stock Portfolio, we continue to buy solid Senior and Mid-tier Gold companies and Junior Mining companies like Saville Resources, Klondike Silver, Guyana Goldstrike and CanAlaska Uranium.
Dow Jones Industrials Index Cash
This past week after surging to new all-time-record highs in late July, stocks plunged in a sharp pullback as the US-China trade war escalated. Yes, the US stock markets were very unstable, fueling mounting anxiety of what Investors at large surmised to be ahead of them.
Martin Armstrong had said on July 31, 2019, that we were moving towards absolute chaos and everything was going crazy in all corners of the Global Economy. Marty also stated that there has never been such complete disruption to the World Economy and the Dow certainly was tired.
This was certainly a time that we should have heeded Marty’s objectivity and the precision of the Forecasts by Socrates by his Artificial Intelligent Computer because, as Socrates predicted, the China versus the US Trade War erupted with a vengeance.
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Points to Ponder
- August 6, 2019 – The Reality of Trade Between China and the USA
A very interesting read!
- August 6, 2019 – Forecasting the Broad Trend for Non-Investors
I answer to a question to Martin Armstrong from a Reader to his Blog, Marty stated the above.
- August 8, 2019 – The Money-Class is always the First to Respond
As Marty states “It will be the free markets that apply the pressure for the political changes ahead”.
- August 9, 2019 – Is Buffet Just Wrong?
In answer to the question posed to Marty, he states:
“Is Buffet Wrong? The answer is YES!!!!!”
- August 9, 2019 – Unintended Consequences Start to Haunt Donald Trump
Michael Pillsbury, an occasional adviser to the Trump administration wrote and insisted that while Trump “has more guns” he also has a more pragmatic view of China than his aides and is still eager to cut a deal. “The key is to get the message to Xi, and not with a blunderbuss,” Pillsbury said.
That the U.S.-China relationship is at its lowest point since Trump took office has created a window for his hawkish advisers to push for a more aggressive approach. The only thing in their way is their own lack of coordination, according to Derek Scissors, a China expert at the American Enterprise Institute who has advised the administration.
“The president is upset with China,” he said. “The door is open for critics of China to take a whole number of actions and they’re completely disorganized and have no sense of priorities.”
The two key issues from the Article noted above are:
a) Donald Trump is still eager to cut a deal; and b) Critics of China are completely disorganized and have no sense of priorities!
- August 10, 2019 – Jedffrey Epstein is Dead – Of Course on Schedule
As Marty says in this Essay:
“In my case, I believe the bankers were given the green light to interfere in the Russian 2000 elections blackmailing Yeltsin and they were supported by the Clintons. In this case, the stories of Epstein and Clinton are far too numerous to allow such a case to go to trial.
Welcome to American justice. Anything they will never allow to go to trial always ends up with the defendant dead, or in my case, I survived after being in a coma.”
Welcome to the Law of Justice that prevails even today in the United States!
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From Mining Interactive Corp. in Vancouver, Canada
Nick L. Nicolaas
Direct: +1 (604) 657-4058
Nick L. Nicolaas, Mining Interactive Corp. and its Associates (collectively referred to as NLN) are not registered advisers and do not give investment advice. NLN’s trading comments are an expression of opinion only. NLN may have an investment in some of the companies or trading instruments NLN mentions or writes about, nothing should be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While NLN believes all statements to be true, they always depend on the reliability of NLN’s sources. NLN recommends that you consult a qualified investment adviser, one licensed by the appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions and NLN urges you to confirm the facts on your own regarding any trades or companies NLN mentions before making important investment commitments. The “Stock and Private Placement” alerts written and distributed by NLN do not, and cannot, constitute a recommendation to buy or sell any security.
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The material in the “Trading Based on Martin Armstrong Socrates Alerts” and the “Stock and Private Placement” alert letter published by Nick L. Nicolaas is for informational purposes only and is not intended to and does not constitute the rendering of investment advice or the solicitation of an offer to buy securities. The “Trading Based on Socrates” and the “Stock and Private Placement” alert discussion contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The Act). In particular when used in the preceding discussion the words “plan,” confident that, believe, scheduled, expect, or intend to, and similar conditional expressions are intended to identify forward-looking statements subject to the safe harbor created by the ACT. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward looking statements. Such risks and uncertainties include, but are not limited to future events and financial performance of the company which are inherently uncertain and actual events and / or results may differ materially. In addition we may review investments that are not registered in the U.S. We cannot attest to nor certify the correctness of any information in this note. NLN owns shares in B2Gold, Meadow Bay Gold Corporation, Ashanti Gold Corp; Klondike Silver Corp; Organic Garage; Northern Dynasty Mines; Exeter; Arrowstar Resources, Klondex Mines, Dynasty Gold, Blue Sky Uranium, Saville Resources, Guyana Goldstrike and CanAlaska Uranium. Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin.
August 11, 2019