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July 17, 2016
PrefaceSince 1987 Martin Armstrong (MA) and his Socrates (SOC) computer generated Economic Confidence Model (ECM) has been “my guide” and “the key” to unlock and unravel the mystery of what the future has in store for us.
The Mining Journal
In 2008 the Mining Journal, one of the foremost mining publications in the world, interviewed me. They were interested in what my predictions were for commodities and mining moving forward. You can access that 2008 Mining Journal article here.
The interviewer never asked me WHY I was so confident about my forecasts. If she had asked me, I readily would have told her that my predictions were based on my studies of MA and SOC. As you know, this is something I have always disclosed over the years (See Mining Interactive website).
At the time of the article in 2008, I was very much focused on promoting the exploration companies I represented but, the “Timing is everything” article prompted me to spend more and more of my time researching and studying MA and SOC and especially how to interpret and unlock the secrets of the SOC forecasts and alerts.
I very quickly realized that my statement in the article “we in the mining sector have a phenomenal time ahead for the next six years” was incorrect and over time, because of my MA and SOC studies, I became more accurate with my “What will the Future Bring” prediction letter to my readers.
As an example of my accuracy improvement, I warned investors in September of 2010 that the next Turnaround would start on June 13, 2011. As we all know, in June 2011 the mining sector did indeed start its next 4 year down Cycle into November 2015.
Gold Profits and Gold moving forward
In our previous FDNN letter we said “in the short-term we have to be cautious with our Gold trading moving forward”. We also stated: “Our decision on Friday July 8, to sell our position in Gold with a great ROI was the right decision”.
On a personal note, I personally discontinued all my Day Trade Gold positions as well. The decision to get out of all our positions including my Day Trade Gold positions were based on the SOC forecast alert on Wednesday July 13.
SOC forecasts for NY Gold Nearest Futures for Monday July 18 are:
Daily: Still Bearish; Weekly: Moving Lower and Monthly: Temp High POSSIBLE DECLINE. The SOC Trends are still Neutral and mostly Bearish.
In addition, this coming week of July 18 is another one of MA’s Benchmarks as well as a Target Week. As we head into this Target Week we may see a low rather than a high. According to MA, this will be telling and a warning that we have not yet reversed Gold into a continuing bull market and the risk of a decline into 2017 cannot be ruled out (Waterfall event?).
Please Note: We do have a Hedge position in case a Waterfall event to the downside does occur and - - so should you. Our hedge positions are in DUST and the JDST.
In view of the foregoing I am staying out of Gold for now.
US Share Market
Contrary to what the Bears tell us, the US share market continues to press against new highs. For now, we are still long the S&P and as we receive more data from SOC, we will analyse it and make our trading next trading decisions according to SOC’s daily forecasts and alerts. - - - Like SOC, we do not follow the herd.
SOC forecasts for the S&P 500 Day Index Futures for Monday July 18 are:
Daily: Temp Pause New Highs Possible; Weekly: Pushing Higher; Monthly: Pushing Higher; Quarterly: BREAKOUT to UPSIDE and Yearly: Possible Temp High.
In view of the foregoing we and our subscribers continue to hold our positions in our selected S&P instruments.
Above I highlighted the words Day Trade and yes, I also do Day Trading. I do not recommend Day trading unless you have some considerable knowledge in it. By necessity Day Traders are ultra-short-term momentum players and this kind of short-term momentum trading is only for those that are totally risk-adverse and who are focused and experienced Day Traders. By the way, I only Day Trade longs and NEVER shorts.
Friends it’s all about profitable trading!
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From Mining Interactive Corp. in 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 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.
WE SEEK SAFE HARBOUR
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.
July 17, 2016