The Gold upside momentum fueled big capital inflows and did accelerate its gains.
However, after the Gold up leg stalled, so did the investment buying by Investors.
The normal portfolio-diversification motive for owning Gold is still lacking while Stock Markets continue to go to record highs.
Gold was Up and Down this week and ended the 5-day trading week Up $4.80 and closing the week at $1,493.50.
At Mining Interactive we are continuing to buy solid Senior and Mid-tier Gold companies and Junior Mining companies like Saville Resources, Klondike Silver, Guyana Goldstrike, FireFox Gold and Norra Metals.
Please continue t accumulate Junior Silver Companies like Klondike Silver for your Long-term Silver Portfolio.
We are continuing to experience Directional Changes in October with High Volatility as we are moving into the 2020 Turning Point in the Economic Confidence Model generated by Socrates the Artificial Intelligent, Artificial (AI) Model.
We continue to focus on the Martin Armstrong and AI and the Socrates Computer and its generated predictions. As we move into the Fall, we will continue to listen to Socrates and see how everything will develop as we move forward.
We also continue to believe that before year-end there will be a Turning-point and Directional-Change ahead of us. This will take Gold below $981.50 after which, it will then quickly go above $981.50 again and then before year-end - - - we will see a $5,500 Gold Price.
We shall see how it all develops from here on in.
Dow Jones Industrials Index Cash
The Dow traded Down on Monday and then Up for the rest o the week and it Closed the week at 26,815.69, the S&P 500 Closed at 2,970.27 and the Nasdaq Closed at 8,057.04.
I expect Gold and the Dow to move upwards in Tandem as we move into 2020.
At Mining Interactive it is our resolve to move you, the Investor into Super-fortune and Ultra-wealth status.
This previous statement by Warren Buffet is certainly worthwhile to consider while Share Stock Prices are at a Low.
“Be Fearful when Others Are Greedy and be Greedy when Others are Fearful”
World Economic Conference 2019
On Wednesday October 8, 2019 in advance of the Orlando, Florida, USA World Economic Conference 2019 (WEB 2019) to be held on November 25 and 26, 2019 Martin Armstrong said this:
“The Armstrong computer model correctly forecasted that a liquidity crisis would begin in September, and right on schedule. In the early hours of September 17, the repo rate jumped 500%. The Fed is now threatening to take over the market after injecting over half a trillion dollars. And the liquidity problem is not going away. Even after injecting over $500 billion, the Fed will continue to inject upwards of $76 billion a day at least until November 4, 2019.
The EU has rejected Boris Johnson’s most recent Brexit offer, which increases the chance of “no deal” by the October 31st deadline. On Tuesday, the new head of the IMF, Kristalina Georgieva, warned to get ready for a serious global economic downturn. And of course, the latest Trump impeachment battle is heating up. This is just part of the backdrop as we head into the next major turning point on the Economic Confidence Model in January 2020.
At the World Economic Conference [WEC] in Orlando our models will tell you what’s coming next, how to prepare and how to profit as we enter the next stage of the Monetary Crisis in 2021/2022.”
Marty also said: “I have never witnessed such a complete disruption to the world economy on a massive scale of this nature. This is going to be a challenge to survive.”
I strongly recommend you attend the World Economic Conference in Orlando, Florida.
Points to Ponder
- October 8, 2019 – Should Americans Hoard Cash?
Interesting advice by Marty for Americans,
- October 8, 2019 – Trump’s Polls Not Effected by Impeachment
In answer to a question Marty says: “What is really driving the Democrats crazy is that they still refuse to comprehend why Trump was elected to begin with. He was an anti-career politician. Even the Republicans did not get it. This impeachment nonsense would stick ONLY if the people actually believed that Biden and Hillary were honest and Trump was wrong. But Biden’s son getting hired in Ukraine when Ukraine was seeking aid from the USA just does not look ethical regardless of the situation. Hillary’s emails and her brother getting a contract for a gold mine when he had nothing to do with mining just does not seem honest.
The general polls are showing that this latest scandal is just another trumped-up version of Russiagate against Trump. At the end of the day, they will need 2/3 of the Senate to remove Trump, which they will never get.”
This is an interesting read, NOT ONLY for Americans but for our Readers worldwide because, the re-election of Donald Trump will have financial implications to the benefit of Investor Portfolios all over the world.
- October 11, 2019 – Europe How Bad Can This Get?
In response to a Eurozone question Marty answered among other things:
“The structure of the Eurozone is an absolute disaster. It is promoted as a single country, but it lacks everything that stands behind a currency.”
“Brexit is the only way for Britain to survive.”
“They [Germany] surrendered their sovereignty and it is undermining the European economy.”
“It is a giant political mess.
“Europe may see economic turmoil into 2021.”
- October 13, 2019 – Municipalities Going Bust Everywhere
As Marty States: “So buckle-up. Keep your hands and feet inside the vehicle. This will be a rise prone to volatility with a lot of ups and downs.”
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It’s all about profitable trading!
Stay Tuned for our next Free of Charge 'From the Desk of Nick Nicolaas' (FDNN) letter
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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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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 B2Gold, Meadow Bay Gold Corporation, Ashanti Gold Corp; Klondike Silver Corp; Organic Garage; Northern Dynasty Mines; Exeter; Arrowstar Resources, Klondex Mines, Dynasty Gold, Blue Sky Uranium, Saville Resources, Guyana Goldstrike, CanAlaska Uranium and Aurora Cannabis.
Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin.
October 13, 2019