July 23, 2017
Re: July 22 Martin Armstrong Frankfurt Seminar Report - Record Earnings for Klondex Mines - Socrates on Gold, Silver, the Dow and the Euro
Report Martin Armstrong Half-day Frankfurt Seminar
The first part until the Coffee Break was mostly a repeat of what Martin Armstrong (MA or Marty) said at the May 21, 2017 World Economic Conference in Hong Kong. However, here are some MA snippets worth repeating:
- Governments do not understand Markets;
- Never trust governments;
- It is because of taxes that people start to hoarding their hard earned money instead of investing that money;
- It is the crisis in Government that is the problem and why we get hyperinflation [i.e. If you lose confidence then you create hyperinflation.
An important quote by Marcus when introducing Marty:
“Martin Armstrong really, deeply knows the Markets”
Post Coffee Break was the reason I attended this half-day Seminar and why you should attend the Martin Armstrong Conferences and Seminars. I recommend you attend the November 3 and 4, 2017 Orlando, Florida World Economic Conference (WEC).
What is coming down the Road for the Euro?
Marty: “we can save the world but - - - not before the world does realize it has to be saved first - - - but, First we have to see a Crash and Burn!”
MA: Although, Larry Summers, former United States Undersecretary for International Affairs believes that nothing can be forecasted Marty stated: “All that Government can do is tinkering but the fact is History is our guide to the future.
MA: “If the currency goes down - - - assets go up” [For example, if he Euro currency goes down then European assets such as real estate will go up].
MA: “Until the DAX breaks-out in US$ currency then the Dow will breakout. Right now the DAX has broken out in Euros and not in US$ currency as yet.
The fate of the Euro and monetary crisis Cycle of 2018 to 2021
MA: “A close in the Euro below 1.2045 at the end of 2017 will become an important sell signal long-term”; and - - - a close above 1.2045 will take theEuro Higher in 2018before we see a crash **
** When 99% of the people will be Bullish in the Euro then the crash will occur [my mantra is to be patient].
MA: 1) DAX (Germany) Index Cash: “A closing in the DAX below 12390 for 2017 will warn of a correction in 2018
2) FTSE: The London FTSE is finally starting to breakout, As long as Brexit takes place, London will align with the USA and not the EU.
3) Can the Euro survive?
“Yes it can but, I expect they will come up with an International Reserve Currency which will only work if everyone in the world accepts it. Consequently, I don’t expect it to be functional. But, what I do see is a Universal Reserve Currency, probably not before 2020/2021 but, probably by 2032.
4) CAC-40 (France) Index Cash: “Moving forward, the French CAC-40 Appears to be hopeless”.
MA also noted: “Most of these Markets have Turning Points in August”.
MA: Europe is by no means out of trouble. We are looking at a serious counter-trend reaction to the upside that will flip the Bearishness to Bullish - - - thereby creating the trap for the Waterfall to the downside and for The Political Reform”.
MA: “Can we change? YES”
- If we illuminate Government to pay for their borrowing in order to pay for their cushy jobs [cushy jobs for both bureaucrats and politicians];
- Stop Government that is out of control and elect honest government and allow them to run for a certain term. Four (4) to eight (8) years maximum. Four (4)years to learn and then pass legislation in the next four (4) years under which legislation they will have to live the minute they are a private citizen again;
- We have to come to a boiling point and that seems to start in 2018.
MA also noted:
- We cannot alter the Business Cycle itself. These Cycles have been going on for thousands of years;
- We will see an interesting next two (2) years;
- Even Gold is not going up but going sideways and is beginning to wind itself.
We released the Standard Level in April. We are cleaning it up and added to i9t to make it clearer. The professional Trader Level is, hopefully, coming out and we are only days away from the [unveiling] of the Trader Level version.
Question by Attendees and MA Answers
There were numerous questions by attendees and answers by Marty, too long to write about here. That is why I recommend that you should attend the Florida WEC in November.
However, Martin Armstrong was asked what advice he would give a twenty (20) old?
- You have to be willing to explore NEW issues;
- Technology will be important;
- Every time you do something you may think it is a waste of time but, eventually when you get older you realize that nothing was a waste of time so, stay with it. Computer Sciences, Trading, Marketing and whatever you learn. Although, Artificial Intelligence (AI) plays
- a big part Technology is always on top;
- Just start learning and keep on learning.
KLONDEX REPORTS RECORD SECOND QUARTER OPERATING RESULTS PRODUCING 66,629 GEOS, AN INCREASE OF 94% FROM THE FIRST QUARTER
Klondex Mines Ltd. has released its preliminary operating results for the second quarter of 2017 for its Nevada and Canadian operations.
Socrates on Gold, Silver, the Dow and the Euro
NY Gold Nearest Futures
Socrates ‘NY Gold Nearest Futures’ analysis for the Week of Monday July 24, 2017:
Daily: Pressing Higher Weekly: Turning Back Up; Monthly: Possible Low; Quarterly: New Pattern Forming and Yearly: New Pattern Forming.
See NY Gold Nearest Futures above.
Dow Jones Industrials Index Cash
Socrates ‘Dow Jones Industrials Index Cash’ analysis for the Week of Monday July 24, 2017:
Daily: Turning BACK DOWN; Weekly: CAUTION ADVISED Very Choppy; Monthly: Still Reaching High; Quarterly: Moving Higher and Yearly: Phase Transition Easing CAUTION.
Socrates ‘Euro’ analysis for the Week of Monday July 24, 2017:
Daily: Temp High; Weekly: Moving Higher; Monthly: Possible CRITICAL HIGH; Quarterly: Pushing To Upside and Yearly: Turning Back UP.
“Stay Tuned” my friends “Stay Tuned”
Points to Ponder
Too much time spend on the Frankfurt Seminar this week and consequently no time for “Points to Ponder”.
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Cheers from Mining Interactive Corp. and from Frankfurt,
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 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 Meadow Bay Gold Corporation, Ashanti Gold Corp; Klondike Silver Corp; Organic Garage; Northern Dynasty Mines; Exeter; Arrowstar Resources and Klondex Mines. Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin.