August 20, 2017
Re: Blind Creek Private Placement Investment Opportunity - The GDX and the Major Gold Miners - Zinc Prices Soaring - Gold, Silver, the Dow & the Euro - Points to Ponder
Blind Creek Resources Private Placement Opportunity
Until September 20, 2107, you will still be able subscribe to the Blind Creek Resources Private Placement.
Question: Why would I want to buy a 20 cent Private Placement, if I can buy the shares in the Market @ 19 cents instead?
Answer: When I buy the Blind Creek Private Placement @ 20 cents I buy a Unit. Each Unit is comprised of one common share and one-half of one share purchase warrant (Warrant). Each whole Warrant (2 half Warrants) is exercisable to purchase one common share of the Company at a price of $0.35 per share for a period of one year after closing of the financing. In effect, as an incentive, I receive an Option to buy more Blind Creek shares at a locked in price of $0.35 per share for a full year after the financing closes.
$268,467 of the $1,000,000 Private Placement has already closed. All securities of this first tranche are subject to a four (4) month hold period expiring November 12, 2017. The proceeds from this financing will be used primarily to provide for costs associated with advancing the Blende, recently acquired AB and Engineer Mine Properties, and for general working capital.
Blind Creek is a company with great assets to which the Company is continually adding.
Last week I wrote about several companies I recommended in the past and I stated Patience is Golden. Buy Blind Creek and then sit back and patiently watch your wealth grow.
The actual Answer to the Question noted above is: by 2019/2020 you will be a happy Investor.
The GDX and the Major Gold Miners
Gold miner stocks have spent months going sideways. This is because, the Retail Investors are not excited yet and remain on the sidelines.
However, the Majors just reported their, very good, Quarter 2, 2017 with results that showed the precious metals sector remains strong fundamentally and totally undervalued.
This is reflected in the GDX (VanEck Vectors Gold Miners ETF), one of the most popular funds in the global Gold mining space. It tracks the performance of the NYSE ARCA Gold Miners Index. Its holdings include most major gold miners (Majors) listed in the United States and Canada.
In Quarter 2, 2017 these Majors in the GDX collectively produced nearly 9.9m ounces of gold, or 306.5 metric tons. Although, the GDX is believed to be the standard of Gold, the Majors also produce by-product metals such as Silver and Copper.
This still is not excite Retail Investors although, twenty (25) of the top 34 GDX component gold miners reported mind-boggling Year on Year profits of 757% in Quarter 2, 2017.
The Retail Investors will eventually come into the Markets and we see a change to that effect soon. Although, we do not know exactly when, I am invested in companies like the ones I wrote about in my August 13, 2017 “From the Desk of Nick Nicolaas“ letter and, using my hard-earned money, continue to accumulate shares in these Companies.
I expect that once the Retail Investor gets into the Precious Metals market and everyone becomes very Bullish and I repeat “by 2019/2020 we will be a very, very rich indeed”.
Gold, Silver, the Dow and the Euro
NY Gold Nearest Futures
Socrates ‘NY Gold Nearest Futures’ analysis for the Week of Monday August 21, 2017:
Daily: Possible Important High; Weekly: Still BULLISH; Monthly: Pushing Higher; Quarterly: Temp Low Moving Higher and Yearly: Consolidating.
Since we have not elected any Yearly sell signals on its model, Socrates (SOC) long-term view projection recognizes that the current bullish progression in NY Gold Nearest Futures reflects a major low may be forming.
SOC also says that the strongest target in the Daily array is Monday August 21, 2017 for a Turning Point ahead. It does appear we have a choppy period starting Monday the 21st until Friday the 25th with each target producing the opposite direction for that 5 day period.
As per the Daily Possible Important High noted above, in its narrative SOC states and confirms that we have the prospect of seeing a rally moving into Monday the 21st with the opposite trend thereafter into Tuesday the 22nd. Consequently starting the week, it is going to be an interesting couple of days Day Trading.
Be aware that Silver mostly follows the NY Gold Nearest Futures but, not always therefore, trading Silver instruments should be done cautiously.
Also be aware, Silver will go eventually much higher than Gold. The reason being, the Silver/Gold ratio which is in the 75:1 area today will start to move slowly towards its historic low of 17:1.
Dow Jones Industrials Index Cash
Socrates ‘Dow Jones Industrials Index Cash’ analysis for the Week of Monday August 21, 2017:
Daily: Serious Decline Underway; Weekly: Knee Jerk Low; Monthly: Possible Important High; Quarterly: Currently Bullish and Yearly: Phase Transition in Motion.
With regard a Turning Point, SOC says that this coming week we will see that Turning Point also and I will pay strict attention to it as well.
We also have a choppy period starting tomorrow until Tuesday with each target producing the opposite direction for that 2 day period.
So far, everything SOC has predicted remains on target and the model has performed its duty getting us out and on the right side to the day. We certainly have to pay attention in the next few weeks. There might be a quick low on the horizon which will offer us another buying opportunity.
Moving forward, Martin Armstrong predicts that there remains the risk of a giant slingshot of historical proportions and that this would be indicated by a low in early 2018 and then a blast up from there which may carry us into 2020 or beyond. When it occurs this slingshot event will be “the optimum buying opportunity of our lifetime”.
Socrates ‘Euro’ analysis for the Week of Monday August 21, 2017:
Daily: Turning Back UP; Weekly: Pressing Lower; Monthly: Breakout High; Quarterly: Pushing To Upside and Yearly: Rally Underway.
Although, the market in the Euro is holding for now and we have a long-term bullish trend in play, during this week we will see a Turning Point. Yes, here too tomorrow August 21 we will see a directional change and you I certainly will pay attention to that as well.
“Stay Tuned” my friends “Stay Tuned”
Points to Ponder
1) Martin Armstrong (MA) Blog dated August 14, 2017: Give the North Korean people hope and they will revolt and kick Kim Jung-un out.
MA: “Give the people hope; Kim Jung-un gives them oppression. His Marxist handbook is outdated. The tilling the soil and slave of the state has come to an end globally.
Forget the trying to talk reason or my arsenal is bigger than yours. Yes. Diplomacy is dead in the water. The only way is for Trump to get on his knee and beg forgiveness. This seems to be what the Democrats want and then they will bash the Republicans in 2018 with it in the elections. So let’s get realistic here.”
MA: Trump’s last statement was:
“We will see what happens. We think that lots of good things can happen and we can also have a bad solution.”
MA: “There is nothing else he [Trump] really can do. So why all this blaming Trump? We are dealing with a dictator who is playing straight out of the old Marxist Play Book of the Cold War.”
If you want to know how it will all end then read this MA Blog and the historical results of revolutions starting with the fall of the Berlin Wall.
Yes, MA’s advice to Trump to talk to the North Korean people and not Kim Jung-un, makes a lot of sense to me.
To end this FDNN letter I leave with a historical Point to Ponder. THIS IS VERY FUNNY. I watched this Groucho Marx show many years ago. It was recorded at a time when we all laughed until our bellies hurt.
The Groucho Marx show was totally unrehearsed. Groucho never knew what contestants would come on stage next or what they were going to say.
You may remember Gonzales Gonzales from John Wayne movies. He provided comedy in Rio Bravo, Hell-fighters, and several other Wayne movies.
This video shows where Gonzales Gonzales got his start. He innocently appeared as a contestant on 'You Bet Your Life' with Groucho Marx. As the questioning by Grouch continued, it got funnier and funnier. Groucho took advantage of the situation based upon audience laughter.
John Wayne happened to be watching the show and contacted him after the event. John Wayne insisted he play himself in the movies. Gonzales Gonzales became a popular character in John Wayne movies.
If you want to laugh until it hurts then watch this video
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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 Meadow Bay Gold Corporation, Ashanti Gold Corp; Klondike Silver Corp; Organic Garage; Northern Dynasty Mines; Exeter; Arrowstar Resources and Klondex Mines. Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin.