Our Final Victory over Short Sellers
I have written about several companies that I am continuing to buy including companies such as Klondex Mines. Several of my Readers have phoned and e-mailed me asking why with all the positive news, Klondex Mines is not going up in price.
On Monday I happen to meet with a very well-known and long-time mining industry professional with many producing mines successes under his belt and a Broker who previously worked for a major brokerage firm here in Vancouver. He said and the Broker agreed:
“Nick, although Major and Junior Gold producers have had a reasonable uptick in the latter part of August, the reason companies such as Pretium, Klondike Gold and Klondex Mines are not going to the moon is because of short selling and if that was not the case then we would see much higher share prices”.
Brokers are shorting with impunity. These tell investors to buy while at the same time as Investors buy, these slime balls sell into them.
Today brokers worldwide are shorting stock and are steadily shorting even on positive News from good producing Major and Junior mining companies.
In Canada there are NO shorting rules any longer and 95% of the big Banks and Brokers across the country including in Toronto are shorting stock”.
Please note: Eventually the Retail Investor will enter the market with a vengeance and when that happens those Banks and Brokers will be caught with their pants down and - - - this is very important:
They will be forced to cover their shorts which will in turn push up the share prices which will be very beneficial to all of us that were patient and we will then sell into those greedy bastards.
Gold, Silver, the Dow, the Euro and the Yen
NY Gold Nearest Futures
Socrates: “We should see a trend change come this month in NY Gold Nearest Futures so pay attention to events ahead.
The strongest target in the Daily array is Wed. Sep. 6, 2017 for a turning point ahead. It does appear we have a choppy period starting Mon. 4th until Fri. 8th with each target producing the opposite direction for that 5 day period. The primary Daily targets in the Array on the Turning Point Model, defined as highs or lows on an intraday or closing basis, are the days of Mon. 4th, Tue. 5th, Wed. 6th, Thu. 7th, Fri. 8th, Wed. 13th and Fri. 15th. Nonetheless, the main targets are, Mon. 4th, Wed. 6th, Fri. 8th and Fri. 15th. The two main targets to pay attention to are Wed. Sept 6, 2017 and Fri. Sept 8, 2017.
Currently, we have not elected any Daily Bearish Reversals from this new high. The immediate Daily Bearish Reversal to watch lies at 130680. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 132140 would also imply a technical based pause in the uptrend for now.”
Importantly, the Daily, Weekly and Monthly Trends are bullish and the GLD RSI is at 73.44 however, if the RSI goes below 70 then we would become sellers.
Socrates stated that we should see a Trend change this month in NY Gold Nearest Futures however, for this coming week, we will continue to Day Trade it long.
Socrates ‘NY Gold Nearest Futures’ analysis for the Week of Monday September 4, 2017:
Daily: Turning Back UP; Weekly: Warning Forming Key High Monthly: Pushing Higher; Quarterly: Temp low and Yearly: Moving Higher.
Be aware that Silver mostly follows the NY Gold Nearest Futures but, not always.
Silver mining shares are low and have been grinding sideways. They have been bearish and out of favor. Silver shares will eventually go higher once large pools of capital, now sitting on the sidelines, start to seek exposure.
Most Silver in the world is mined as a by-product but, it is safe to say, that there are not enough big primary silver miners left
Silver mine profits skyrocket when the Silver price soars and there is massive Bull market. However, with these low prices today, Silver continues to be bearish and consequently, many investors feel that Silver is a dying breed and will not go anywhere moving forward.
The Silver price will move higher and as I have written in previous FDNN letters Silver will eventually, percentage wise, go much higher than Gold. Today, Silver is totally underperforming Gold. As of August the Silver/Gold Ration is about 72:1 (One ounce of Silver equals the value of one ounce of Gold) and the long-term average stands 56:1 therefore, Silver is totally underperforming Gold.
So, my rational is that at 56:1 and with a. say, a$1,300 Gold price Silver will easily go to $23.00 and when that happens Investors in Silver will do very well.
Please Note: By the time Silver moves higher it will be too late to start investing in Silver shares because, the price of Silver shares will already have happened - - - that my friend - - - I am invested in them NOW!
Dow Jones Industrials Index Cash
Socrates: “We should see a trend change come this month in Dow Jones Industrials so pay attention to events ahead.
Currently, we have not elected any Daily Bearish Reversals from this new high. The immediate Daily Bearish Reversal to watch lies at 2197147 but focus more on 2181280. A closing beneath this level will signal a temporary high is in place. Additionally, a closing beneath 2197491 would also imply a technical based pause in the uptrend for now. Technical projected resistance for tomorrow stands at 2216076. Only exceeding that level would imply a runaway breakout to the upside.”
Socrates ‘Dow Jones Industrials Index Cash’ analysis for the Week of Monday September 4, 2017:
Daily: Still BULLISH; Weekly: Turning Back UP Yet Weak; Monthly: Holding Support; Quarterly: Approaching Breakout High and Yearly: Phase Transition Easing CAUTION.
Socrates ‘Euro’ analysis for the Week of Monday September 4, 2017
Daily: Under Pressure; Weekly: Possible Important High; Monthly: Turning BACK DOWN; Quarterly: Pushing To Upside and Yearly: Turning Back UP.
Socrates ‘Yen’ analysis for the Week of Monday September 4, 2017:
Daily: Knee Jerk Reaction Low; Weekly: Possible Low; Monthly: New Pattern Forming; Quarterly: Reaction High and Yearly: Holding Support.
“Stay Tuned” my friends “Stay Tuned”
Points to Ponder
MA Blog September 2, 2017: “Putin warns we are on the verge of a Milatary Conflict”.
MA Blog August 28, 2017: “Our [Socrates] models seem to be right on target for the escalation of military threats from North Korea”.
Yes, we have a major problem staring us in the face.
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Cheers from Mining Interactive Corp. and from sunny and hot 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 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.
NLN Day Trading is based on the Princeton Economics Institute (PEI) Martin Armstrong Socrates Forecasts and Alerts however, PEI and NLN are arms-length companies and nothing should be construed in any manner whatsoever that PEI and NLN are affiliated companies.
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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.