September 17, 2017
Re: North Korean Military Conflict is a Dud - Gold, Silver, Dow, Euro & Yen - Points to Ponder
North Korean Military Conflict is a Dud
With regard the Military threat in North Korean and Kim Jong-un’s insane quest for power, I wrote in this letter last week:
“Tomorrow and Tuesday are the Socrates [SOC] generated Target Dates of September 11 and 12.”
I believe that the reason that the SOC warning did not come to pass was because, the world now believes that Kim Jong-un is only putting on a show of strength and that there is no real Military threat on the horizon. In other words - - - it’s a Dud. The world does not take Kim Jong-un’s boasts seriously any longer.
The world has to get rid of Kim Jong-un and his Elite. I continue to believe that the best option to get rid of the his tyranny is for the world to stop supplying food to North Korea and to cut off their oil supply so that longer electricity can no longer be generated. Let the people face starvation and suffer without lights and heat in the dark and in the cold.
When North Koreans are starving in the cold without lights and heat then they will finally wake up and Revolt against the Elite oppressors and throw of the yoke of the tyrants and kick them out. So, the best option is to cut off North Korea’s food and oil supply and let the people suffer.
Therefore I remain of the view:
The most effective options are for the world to stop supplying food to North Korea and cut off their oil supply!
Gold, Silver, the Dow, the Euro and the Yen
NY Gold Nearest Futures
Socrates ‘NY Gold Nearest Futures’ analysis for the Week of Monday September 18, 2017:
Daily: Caution Still Basing Retest Support Likely; Weekly: Losing Momentum; Monthly: Temp High; Quarterly: WARNING SPIKE LOW and Yearly: Moving Higher.
At the risk of information overload regarding the Gold price, Bill Murphy said this about Gold last Friday:
Gold managed to put in an impressive rally yesterday [Thursday] as the day wore on following its early flop down to $1315. The price caught some late bids when this news surfaced:
"North Korea fired a missile over Japan early Friday local time for the second time in a month. The missile was launched in pre-open Tokyo time and fell into Pacific Ocean some 2,200km east of Cape Erimo, Hokkaido, shortly after. The US Pacific Command said in its initial assessment that the missile was an intermediate-range ballistic missile, while Japan's Chief Cabinet Secretary Yoshihide Suga said Tokyo is still assessing whether or not the launch involved an intercontinental ballistic missile."
The news was enough for the price to take out $1330 to the upside. Yes, Gold went as high as $1362.40 this past week and as per SOC it is “Losing Momentum” therefore a correction might be in the cards. Whereas Silver mirrors Gold most of the time, I will Day Trade the Comex 5000 Silver Futures very cautiously from a short side perspective.
Be aware that Silver mostly follows the NY Gold Nearest Futures but, not always.
Remember, the world depends on a lot of Silver to supply the global jewelry, medical, military, electronics and investment industries.
Dow Jones Industrials Index Cash
Socrates ‘Dow Jones Industrials Index Cash’ analysis for the Week of Monday September 18, 2017:
Daily: Still Pressing Higher; Weekly: In Breakout Mode to UPSIDE; Monthly: Moving Higher; Quarterly: In Breakout Mode and Yearly: Phase Transition.
On Thursday the Dow Jones made its highest Close. This coming week the markets will be choppy while they await the result of the German elections next Sunday September 24, 2017 (see Points to Ponder noted below).
The SOC Monthly “Temp High Knee Jerk Low Likely” as noted in the Euro SOC analysis below, may have something to do with those German elections next Sunday.
Socrates ‘Euro’ analysis for the Week of Monday September 18, 2017
Daily: Reaction High; Weekly: Forming Base; Monthly: Temp High Knee Jerk Low Likely; Quarterly: Pressing Higher and Yearly: Turning Back UP.
Socrates ‘Yen’ analysis for the Week of Monday September 18, 2017:
Daily: Breakout; Weekly: Pressing Higher; Monthly: Temp Low; Quarterly: Important High and Yearly: Holding Support.
Based on SOC who warned us for the Daily: dated Monday September 11, “Temp Low OVER SOLD” and for the Weekly: “WARNING SHARP DECLINE IN MOTION”, I shorted the Yen which had closed on Friday September 8, 2017 at 107.79 and I lost money. However, as the week progressed I realized, as I wrote above, that Kim Jong-un’s threats were hollow and as the SOC forecasts changed during the week, I started to buy the Yen. So, as the week progressed, I made serious money going long the Yen which closed the week at 110.85.
With the SOC forecast for this coming week noted above, I will continue to go long the Yen this week.
“Stay Tuned” my friends “Stay Tuned”
Points to Ponder
- MA Blog dated September 13, 2017 “Global Warming & Storms:
Yes, Global Warming is total farce and we cannot allow our minds to be invaded by those who continue to advocate Global Warming. Global warming is only a Cycle we are experiencing.
- MA Blog dated September 14, 2017: Justin Trudeau and the Destruction of the Canadian Economy: The Canadian Marxist Prime Minister Justin Trudeau is doing his best to send Canada into the Dark Age.
In the 1970s I was I voted Liberal for Justin Trudeau’s father Pierre Elliott Trudeau and was a main contributor to the party. After the Liberals led by Pierre Elliott had been in power for a couple of years being an insider, I realized how left of center the Liberal party was. In the next election I switched and voted for the Conservative party. I am still a Conservative and will not ever vote for those Marxist Liberals.
- In today Blog titled “Merkel Encountering Rising Violent Protests” Martin Armstrong says: “Violent protests are starting to rise in Germany against Chancellor Angela Merkel where in the German Bundestag Angela Merkel only rules Europe by a grand coalition and that grand coalition is not yet a shoe-in. So while Merkel will most likely still be Chancellor, the mix is going to cause some backroom deals.”
It is going to be an interesting Election in Germany next Sunday September 24
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Nick L. Nicolaas
Direct: +1 (604) 657-4058
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