February 12, 2017
Re: Confused Readers - John Mauldin - The Markets - Points to Ponder
After reading my ”The Markets Moving Forward” last week
many readers were confused
After I disseminated my February 5 Free of Charge newsletter I was inundated with e-mails and phone calls (Queries). This indicated that people (Readers) are very carefully reading my weekly missives.
The Queries were with regard what Martin Armstrong (MA or Marty) said in the Socrates (SOC) Investors Level Private Blog on Thursday February 2 about the Gold price moving forward.
Marty had stated in that Blog: “We need to close Friday now above 1221 to signal a further advance into February”. On Friday we did not penetrate the $1221 level and Readers felt that this meant that Gold would go lower and that it therefore was bearish. Yet, I wrote in my Sunday February 5 letter that Gold should bounce to the upside on Monday February 6. So, they felt that my statement contradicted Marty’s statement.
My answer was and is: There is no disagreement or contradiction between Marty’s and my statement.
Yes Marty said on Thursday February 2, “We need to now close Friday above 1221 to signal a further advance into February”. My reply to the reader Queries: This is for the Month of February and not for the immediate term on Monday and the week ahead. I am privy to his Socrates “Trader Level Preview” and the signals from Socrates are that we in the immediate term we are bullish.
To assist you in understanding why I was bullish please read our Paid-for Message #74 noted below which we e-mailed to our Paid-for Subscribers on Thursday evening February 2. Once you have read that Message #74 then you will better understand why I was bullish and why we put our money where our mouth is.
Thursday February 2, 2017
Dear Subscriber, fellow Trader and Speculator:
Yesterday we started buying the GDX (VANECK VECTORS GOLD MINERS ETF) and we added some more today. The GDX closed today at $24.38 up $0.53 cents on the day.
Tomorrow we will buy more. To protect ourselves in the event Gold price goes down, we have entered stop losses at 1,200 and 1,187.
Although the market is still choppy we did break through the 1214.90 and 1,270.60 Socrates (SOC) indicated Bullish Reversals. The next SOC indicated Bullish Reversals to break through are the 1,220.20, 1,221.00 and 1,276.00.
There is not a lot of Energy and Momentum yet however, the current trend in Gold is strong and the strongest target in the Daily SOC array indicates a Turning Point is Monday February 6.
As always, we will let you know as soon as we sell some of the GDX but, you can decide as to what profit you are happy with.
Friends, happy trading tomorrow.
(604) 657- 4058
When you read the MA Investor Level Blog or his regular Blog then sometimes it is somewhat confusing and I trust that the above will clear up the confusion which can be, to say the least, frustrating.
I usually try not to show you the content of our Paid-for letters but, in this case I felt it was the only way I could explain why we were so Bullish on Gold.
The Markets Moving Forward
On Friday February 3 Gold closed @ 1,220.00 and on February 5, in our Free of Charge FDNN letter, we said that the next SOC indicated Bullish Reversals Gold needed to break through were 1,221.00 and 1,276.00. On Monday February 6 Gold traded as High as 1,237.50 and thus, it did the 1,221.00 and closed @ 1,232.10 for the day.
This Friday February 10, we sold 50% of our GDX calls that we acquired on Thursday and Friday February 2 and 3, as noted in our Paid-for Message #74 above with great profits.
Although for Monday Socrates indicates a “Temporary Low” for the Weekly SOC indicates Gold is “Breaking-Out” and for the Month a “Sharp Rally Underway”. Consequently, we feel that holding onto our other 50% of the GDX calls was the correct move and moving forward should bring us more profits.
The Dow started the first day of the week not bad either and on Monday traded as high as 20,094.95 and closed at a lofty 20,052.42 for the day. The Dow then continued its impressive rise and on Thursday broke through the Bullish Reversals of 20,068 and 20,081 and then on Friday it went as high as 20,298.21 and closed the week 20,172.40.
For the Dow on Monday Socrates indicates Pressing Higher and for the Weekly a Temporary High and for the Month a Possible Temporary High.
All this indicates to stay with the markets in the Dow, S&P and NASDAQ but, it also indicates that you the readers are getting a lot of information for free from us and are making a little money. However, if you do want to make serious Return on Investment you should become a Paid-for subscriber as well.
John Mauldin Features Patrick Watson
On Saturday I received an e-mail from John Mauldin head of Mauldin Economics. I followed and read John’s missives for many years and time permitting, I read his e-mails. John now calls himself “The Compassionate Macro Guru”. He is a clear headed thinker and gives Investment, Economic and Investment Analysis to benefit his subscribers.
In his e-mail yesterday he featured a Video of a Patrick Watson interview by Ed D’Agostino which he felt would interesting to those investors who have a hard time figuring out where to put their money.
Patrick Watson gives his two favorite investment opportunities with which I totally agree. You can listen to the Patrick Watson interview HERE.
Points to Ponder
Today I need to recharge my batteries and therefore, I have no time for Points to Ponder for this week.
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Cheers from Mining Interactive Corp. 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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