Buying Ivanhoe Mines Shares - Gold & the Dow - The Fear Index and Donald Trump - Points to Ponder
June 24, 2018
CITIC Metals, a Chinese state-owned enterprise that is the largest conglomerate in the country and one of the world’s biggest buyers of metals, investing $723 million in Ivanhoe Mines(TSX: IVN) and took a 19.9% stake in IVN. The Company has three (3) fantastic Projects in South Africa, the Kamoa-Kakula and Kipushi Projects in Democratic Republic of Congo (DRC) and the Platreef platinum Project.
The CITIC Metalsinvestment is significant.
But, the market did not even blink on this great news from a Major Company.
Investing three-quarters of a billion dollars and not have the market react - - - tells the story. Investors are all sitting at on their money - - - and they shouldn’t.
I am continuing to buy more Ivanhoe Mines shares!
Gold & the Dow
The Summer Doldrums are upon us and right now Gold Stocks are forgotten by Investors and Speculators and Gold Stocks are very cheap indeed.
When no one else wants to, smart Investors and Speculators are not missing this fantastic opportunity in the Gold Sector and they are buying.
Yes, I expect Gold to still go below $1,000 but when Gold Stocks but after that they will to soar to $5,000 or more.
The Question is: “Do you buy now or not”?
The Answer is: A resounding “Yes”.
While the Summer Doldrums are upon us - - - take the opportunity and BUY your favorite Gold Stocks.
Tuesday June 19, 2018 was quite a day. The Dow starting the day with Session Lows and was on the verge ofposting its worst daily decile sine late April.
It was a major correction with the Dow down some 400 points or 1.6% at 24,588.
It all was because, Donald Trump asked his administration to draw up a fresh list of Chinese goods worth $200 billion on which to impose tariffs, elevating worries about a trade conflict between the global superpowers and roiling global markets (The S&P 500 index down 1% at 2,746, while the Nasdaq Composite Index down1.3% at 7,650.
However, at about 10:30am Eastern Time these Session Lows started to shrink, and the Dow and other US Indices started to recover.
The rest of the week the Dow was Down but it closed Up for the week.
When I Day Trade it does not matter if the US Indicis are Up or Down, I and the Investors Ion whose behalf I Day Trade make money in either of these events.
The Fear Index and Donald Trump
The Fear Index, the Volatility Index (VIX) spiked and was on track for its biggest one-day percentage jump of the month as the latest bout of Trade Tensions with China rattled Wall Street and sent stocks sharply lower.
The VIX popped up to 14.13 and Tuesday was on track to be the VIX's biggest one day move since May 29, 2018.
The losses came after Donald Trump threatened to slap up to $400 billion more in tariffs on Chinese goods, the latest escalation in a trade dispute that has been unsettling investors for months.
My Take: Marty stated in the past: “We are headed for a Financial Crash and Burn”.
A reader of the Martin Armstrong Blog said and questioned Marty as follows: “Other than personal preparation, extra food, don’t be in bonds, etc., what do you believe is the most beneficial thing we can do to help our country come out of the Crash and Burn with more freedom and limited government (like our Founders so emphatically intended) as opposed to the other potential of totalitarianism that you frequently warn us about? What is the most effective way to rally the troops to help push our civilization in the proper direction?”
Marty’s answer under Crash & Burn & the Sixth Wave is an interesting read.
My Take: Martin Armstrong was asked the following question: “Is there a book on a period of history that mimics what is going to happen over the next 21 years where I could maybe grab more insight into how the average person can best to position themselves so as not be left out in the cold? Are there any fictional works that nail the future, so the average person knows what to do with savings accounts, 401K’s, mortgages, etc. in the coming years?”
Marty’s Answer: The Memoirs of Herbert Hoover 1929 – 1941. The Great Depression.
My Take Don’t read this if you are sensitive but, this says it all – this is sadly the way ALL Governments conduct business!
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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, belief, 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 is 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; Northern Dynasty Mines; Exeter; Arrowstar Resources, Klondex Mines and Dynasty Gold. Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin.