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July 10, 2016
Dear Friends:
Gold and Profits
According to Socrates (SOC), we have to pay attention to a trend change in the NY Gold Nearest Futures this July. SOC states we have not elected any Daily Bearish Reversals from the 1377.5 new high of Wednesday July 6th and from a technical point of view, we need a daily closing above 1360.3 to imply a further rally is unfolding. On a daily closing basis we need to watch 1360.4 to signal a further advance ahead. SOC also states that Trend Indicators are showing neutral on its momentum indicator and neutral on the trend indicator.
Right now, on a Daily Level the market is in a neutral position with a moderate bearish undertone suggesting caution.
What we learn from the above is that in the short-term we have to be cautious with our Gold trading moving forward.
It certainly confirms the decision we made last Friday July 8, to sell our position in Gold. In our previous letter we promised that we would report the results of our Gold trade we made on Friday July 1, 2016 and as aforementioned, we sold that Gold position we bought on July 1 with close to a quick 20% profit.
US Share Market
Contrary to what the Bears tell us, the US share market continues to press against new highs.
The Sterling GBP
According to MA the GBP had support @ 13000 (which it broke) and he says it is now on its way to 12000 and then to Par. We acted on those MAS statements and have made money Day Trading the GBP with quick in and out Short trades from 13500 and down. On Friday we entered a Short again @ 12954 in case something else stupid would happen over the weekend.
Economic Turmoil
MA said a while ago: “The markets have been extending this crisis because we are dealing with a very critical long-term event which may result in economy chaos globally by 2018.
All we can say is: His prediction is certainly on target once again.
World Chaos and Solution
Yes, the world is in economic chaos. The remainder of 2016 will be very volatile with panic cycles each month for the rest of this year. In addition we will also see directional changes each month.
The task of researching and analysing the markets is daunting however; our Analytic Team is up to the task. To benefit of our Paid Subscribers and find a solution to the chaos and economic turmoil ahead, our Team will have to pay extreme close attention analysing the SOC forecasts and MA interpretations in the coming months.
Turning of the Tide
Yes, on a long term basis there is definitely a turning of the tide. Right now Precious Metals are all near the very top of their channels so pullbacks are to be expected. Therefore, we have to be careful moving forward. As we receive more data from SOC, we will analyse it and make our trading decisions accordingly.
Friends it’s all about profitable trading!
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Stay Tuned for the Socrates Trader Level 2.0 launch and our Next free of charge FDNN letter
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From Mining Interactive Corp. in Vancouver Canada
Cheers,
Nick L. Nicolaas
Direct: +1 (604) 657-4058
Skype: nicknicolaas
nick@mininginteractive.com
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DISCLAIMER
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 a 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 “Trading Based on Martin Armstrong Socrates alerts” and 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. Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin.
