Armstrong asked Donald Trump to Request to Senate Hearings on the Corona Virus
– Essay by Jay Martin from Cambridge House - Gold, the Dow, S&P 500 &
the Nasdaq - Points to Ponder
Martin Armstrong asked Donald Trump to Request Senate Hearings on the Corona Virus
On Thursday March 19, 2020 Martin Armstrong asked President Donald Trump to request Senate Hearings on this Corona Virus Crisis that overreacted on False Beliefs.
Marty suggested to forward his letter to whoever you the Reader may think will help turn the tide to end the Corona Virus Panic so that we can return to some normalcy.
Yes, the numbers are false, and many more people are dying without any supporting evidence.
As Marty says it paints the worse possible picture on pure speculation.
This certainly is a Herd mentality.
Yes, we are endangering the World Economy and as Marty states: If we do not turn the tide our future will be lost forever.
This Corona Virus letter by Marty to President Donald Trump is what I wrote in my article in my last Sunday Free of Charge Letter entitled “My View Regarding the Corona Virus”.
Essay by Jay Martin from Cambridge House
On Wednesday March 18, 2020 wrote an essay about the Corona Virus and what we can do to take control of that situation.
Gold, the Dow, S&P 500 & the Nasdaq
NY Gold Nearest Futures
Gold Miner Shares were great Buy opportunities.
The Corona Virus extreme and ridiculous fear has been terrifying the Markets and you needed to stay grounded and take the opportunity to buy Gold for the long-term.
We continue to believe that by the end of March 31, 2020 or soon thereafter there will be a Turning-point and Directional-Change in Gold.
Gold will go below $981.50 after which it will go above $981.50. When that happens, we will see Gold move very fast by year end to at least $2,500 and $5,000 per once and eventually go to $20.000 per ounce.
Dow Jones Industrials Index Cash
On Monday March 16, 2020 the Dow was down about 10%, the S&P dropped 7% and trading was halted for fifteen minutes.
One aspect of what that selloff on Monday told us that the fundamentals were getting uglier, and the Fed’s emergency rate cut to zero can’t do much to stop that.
The other aspect was the cash squeeze for businesses. We also need the US Government’s reassurance that relief funds will be on the way to try and help make businesses whole for their losses during this period.
Volatility tightened its grip on global financial markets.
The hyper-turbulent Financial Markets continued their wild ride as Investors tried to assess the likely extent of the economic damage after Countries around the world moved to combat the Corona Virus spread by virtually shutting down all social activity. The Dow Industrial Average’s loss from its record reached 30%. On that Monday Goldman Sachs saw the potential for the S&P 500 to drop to 2,000.
Here are some of the Monday key moves across major assets:
- All 11 groups in the S&P 500 fell at least 2%, with banks bearing the brunt of the rout, down 8%.
- The highest quality U.S. corporate bonds gave up gains, following relative out performance when the crisis first struck.
- Brent crude dipped below $30 a barrel for the first time since 2016.
- Treasury yields retreated across the curve with moves most pronounced on the short end.
- Shares tumbled in Asia and Europe, where the continent is now reporting more new virus cases each day than China did at its peak as more countries lock down. The Stoxx Europe 600 Index plunged 6.1% led by travel and construction shares.
- The Yen surged, the Swiss franc rallied and the US dollar fluctuated.
- Oil resumed losses. Gold failed again to capitalize on the rush to havens and reversed an earlier gain to tumble.
- Bonds declined across most of Europe, where a measure of market stress hit levels not seen since the 2011-2012-euro crisis.
The International flight to safety is accelerating and money from worldwide locations continue to flow into the US dollar.
Stock-market swings are huge. The swings continue to be driven by mounting worries about the Economic Fallout from the Corona Virus Pandemic and Markets continue to trade on anticipation and belief.
Since Friday March 20, 2020 the S&P 500 at 2,350 to 2,351 has been the Market to watch.
The Market in the S&P 500 did indicate that the Lows seen in late 2018 when Stock Shares plummeted on fears that the Federal Reserve had tightened monetary conditions were done too quickly.
On Wednesday March 18, 2020 we went down and broke below that level slightly and then again on Thursday March 19, 2020 but, both times Indices bounced back up.
If we can rally further off those levels, then it will give Investors some confidence that we can get a rally of more than one day and start buying.
In the event Markets cannot hold above the S&P 500 2,351 level and instead break and hold below, then there can be a steep decline back to Lows around 1,829 which has not been seen since early 2016. A drop in the S&P 500 to that level would represent a total 46% fall from the records set a month ago.
If Markets hold above that level then the S&P 500 could recapture 2,500 based on a trend line stretching back to 2009. After that, the 2,641 200-week Moving Average will be the next band of resistance.
Perhaps the S&P 500 must fall further before Investors get Bullish again and jump back in.
This Market continues to be confused and - - - until it capitulates - - - we’re not going to see a washout in the Market.
On Friday March 20, 2020 the indices plunged to a three-year low, closing out their worst week since the 2008 Financial Crisis and obliterating all of the gains made since President Donald Trump was inaugurated, as investors weighed the escalating Corona Virus outbreak against vast stimulus measures designed to mitigate the Financial Crisis.
The losses, which came to more than 4% for the S&P 500 and the Dow during the Friday Session alone, brought the S&P 500 total weekly loss to 15% for its worst weekly performance since October 2008. The Dow swan-dived 17.3% on the week, with all the benchmarks settling at their lowest levels since early 2017.
Amid US mass closures of Private Businesses, Soaring Layoffs and School Shutdowns, Economists all expect the US Economy, which is the World’s largest, to plunge into a deep recession in the Coming Quarters.
This stuff is Cheap and you should BUY NOW while Shares are at a Low Price.
The Dow closed the week at 19,173.98 the S&P 500 closed at 2,304.92 and the Nasdaq closed at 6,879.528.
We continue to believe that Gold and the Dow will move upwards in Tandem during 2020.
At Mining Interactive it is our resolve to move you, the Investor into Super-fortune and Ultra-wealth status.
Points to Ponder
Martin Armstrong states in this essay: “I have been meeting with heads of state since 1980. I was simply the largest adviser in currency and understood how things worked globally from a teenager. So, when 1971 came and the floating exchange rate began, I was familiar with the issue and simply applied my trading experience in commodities to the currency.
I have been meeting heads of state my whole career.”
Yes, as Marty says: “The smart capital is realizing that this is the end-game. Welcome to the Crash of 2020. We have a lot more interesting times just ahead.”
Marty states in this essay: “Without the short-players, there is NO BID which makes markets far less liquid.
Politicians are acting all because the press will bash them just to sell papers.
I will be putting out a general report for the public. This report is outside that scope so in electronic format we will price it at $9.95.”
I certainly will buy the Report.
Yes, what has taken place with this Corona Virus is absolutely insane and it is seriously disrupting the entire world economy.
I wrote about this Corona Virus scare in my last March 15, 2020 Free of Charge letter entitled “My View Regarding the Corona Virus” and now Dr. Wolfgang Wodarg is confirming that the Corona Virus is indeed an Insane Panic.
As Marty states in this essay: “Once the government gets involved to supposedly guarantee something, claiming they are doing so to help the people, corruption expands, and the people will always pay more.
All new businesses begin as a monopoly. Someone first has to invent the idea. It is the competition that then takes place that is the core of capitalism — freedom.
Once some industry turns to the government for some advantage, then competition is reduced and that ceases to be a capitalistic system.
That is again anti-capitalistic.
This is why socialism and communism fail.
Once you allow career politicians, they inevitably sell their power to the highest bidder. You will never have a government of “We the People” as long as you have a republic without term limits.”
As Marty states: “We are facing an unbelievable crisis ahead and Trump does not understand the Yes, something does smell extremely fishy. This Corona Virus is totally overstated. Less than 20,000 people have died from this Flu-like Corona Virus.
Armstrong Economics has staff strategically placed around the World including in China. They have boots on the ground to rely on Eye-witness accounts - - - NOT the Media.
This is better than any plot for a James Bond movie because nobody would have believed that you could scare the hell out of the world so easily.
Marty in answer to a Question from a German Reader: “The risk is in Europe that they will also impose capital controls. There is a SERIOUS Risk they will compel the digitization of even gold in Europe as well as cancel the currency. Caution is advised next week.”
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Nick L. Nicolaas owns shares in B2Gold, Meadow Bay Gold Corporation, Ashanti Gold Corp, Klondike Silver Corp, Organic Garage, Northern Dynasty Mines, Exeter, Adastra Lab Holdings, Klondex Mines, Dynasty Gold, Blue Sky Uranium, Saville Resources, Guyana Goldstrike, CanAlaska Uranium, Aurora Cannabis, Golden Predator Mining, the Polaris Wallet, Maxtech Ventures,
Amex Exploration, Dunnedin Ventures, Teranga Gold Corporation, White Gold Corporation and Commerce Resources.
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March 22, 2020