On Tuesday March 10, 2020 Gold tested its previous 2020 highs while Silver plunged. This did create very special Silver buying opportunity.
Going to the 100 Ratio Level indicates that there is - - - a wonderful opportunity to buy Silver and Silver Stock Shares!
It’s a good time to start buying Silver as well as Silver Stocks such as Hecla Mining Company and Klondike Silver.
Hecla Mining Company is a Precious Metals Company whose business is to create value for its shareholders by discovering, acquiring, developing, producing, and marketing mineral resources at a profit. It is Hecla’s mission to create long-term value for shareholders from mining Silver, Gold and associated Base Metals.
You should also consider buying Junior Silver and Startup Silver companies such as Klondike Silver Corp. http://www.klondikesilver.com/ which is trading below 2 cents right now which is a ridiculously low price.
Klondike Silver has a great Zinc/Silver/Lead land position. The Company has a 100% owned, 100 square kilometre Land Block in Sandon Mining Complex and related properties located in Southeastern British Columbia, Canada. The Land Block included thirty-eight (38) mines which were previously mined for Silver only. At that time, they threw the Waste which had lots of Zinc in it on the Waste Dumps.
That Waste Dump Zinc is now being shipped to the Teck Smelter located at Trail, British Columbia, Canada. The Teck Smelter is located 105 Kilometres away from Klondike Silver.
Klondike Silver continuous to drill from the Silvana Mine into the Silver Mile which is the Silver/Lead Zinc Main Lode Structure and we should have some results from that Drilling Program soon.
I am looking forward to the Drill Results from the Silvana Mine into the Silver Mile.
I believe that the Klondike Silver Share Price will be 50 cents or more before the end of the year. I am heavily invested in Klondike Silver.
My View Regarding the Corona Virus
The Corona Virus is just a great scare which should NOT be considered by any of you Investors! Just stay the course and continue to invest.
This Corona Virus is NO different than the SARS outbreak or the Flu Epidemic.
A lot of ridiculous things are being carried out around the world such as President Donald Trump closing the US Border to European Travellers, Broadway shows being cancelled, the closing of Public Buildings, World Cruises being suspended, avoidance of Large Gatherings, Schools being closed in Japan, China and the USA, the PGA without spectators, Professional Sport Leagues suspended, Shops, Restaurants and Entertainment Facilities are shut down, Baseball Season delayed and on Thursday the TSX (Toronto Stock Exchange) here I Canada had the biggest decline in one day since 1940.
During the 2017-2018 flu season more 80,000 people died in that Flu Epidemic. The Corona Virus does not even come close to those numbers because so far only 5,839 people have died worldwide.
Things are chaotic and all of it is hurting Businesses worldwide.
So, the big question is do we alter our life because of it?
Social Media has the capability to send the Corona Virus scare to everyone with a Cell Phone worldwide.
We did not have that Cell Phone capability previously when there was a SARS or a Flu outbreak. - - but now we have that capability.
Therefore, in spite of the Corona Virus scare - - - keep on investing!
Gold, the Dow, S&P 500 & the Nasdaq
New York Gold Nearest Futures
Gold Miner Shares were getting bludgeoned this week and there were great Buy opportunities.
The Corona Virus extreme and ridiculous fear has, as I described above, been terrifying the Markets and it was very important for you to stay grounded and take the opportunity to buy Gold for the long-term.
We continue to believe that no later than the end of this Quarter or soon thereafter there will be a Turning-point and Directional-Change.
Gold will go below $981.50 after which it will go above $981.50. When that happens, we will see Gold move very fast by year end to at least $2,500 and $5,000 per once and eventually go to $20.000 per ounce.
Dow Jones Industrials Index Cash
The International flight to safety is accelerating and money from worldwide locations are flowing into the US dollar.
Stock-market swings have been huge. The swings were driven by mounting worries about the Economic Fallout from the Corona Virus Pandemic and Markets continue to trade on anticipation and belief.
On Thursday March 12, 2020 the Dow dropped a whopping 2,352.80 Points, the S&P 500 dropped 260.74 Points and the Nasdaq dropped 750.25 Points.
The Dow closed the week at 23,185.62 the S&P 500 closed at 2,711.02 and the Nasdaq closed at 7,874.88.
We continue to believe that Gold and the Dow will move upwards in Tandem during 2020.
At Mining Interactive it is our resolve to move you, the Investor into Super-fortune and Ultra-wealth status.
Points to Ponder
- March 9, 2020 – South America Economically and Politically on Fire
As Martin Armstrong says in this essay: “South America appears to be unraveling economically and politically.
As the economies implode and political chaos rises, commodity production will decline over the next two years and this may set things up for the commodity boom into 2024 based on a SHORTAGE OF SUPPLY rather than outright demand.”
- March 9, 2020 – Corona Virus to Subside in April
As Marty says: “While the market crash has been blamed on the COVID-19, this is really just an excuse for a market that was ripe for a correction anyway.”
- March 10, 2020 – Corona Virus Conspiracy to Eliminate Paper Money?
Marty states in this essay: “We have a perfect storm of events unfolding which is the prelude to the entire Monetary Crisis and the Mother of All Financial Crises coming directly at us. This is going to be a major financial upheaval that will separate the men from the boys. Those who trade emotionally will not survive. We are looking at major confusion and swings that will get the best of most people.
We ourselves are looking into doing a webinar as an alternative to training sessions we have been doing for pro clients in various places around the world.”
- March 10, 2020 - Never let a Good Crises Go to Waste
As Marty has stated many times previously: “Politicians will never let a serious crisis go to waste. They love crises because they always present the opportunity to do things they never believed they could do legally before.”
- March 10, 2020 - The Repo and Fed Crises
As Marty says in this essay: “The Fed is trapped. It cannot exit the repo market or else short-term rates will rise sharply.
The Fed cut rates, but the market still crashed. This is reflecting the underlying collapse of Keynesian Economics.”
Interesting read as well.
- March 11, 2020 - The Cyclical Character of Coronaviruses
As Marty says: “There is NO INDICATION that this will last longer than any other virus issue [such as SARS]. For now, it will probably continue to expand into April/May before we see any top in the number of cases.
Therefore, despite all the doom and gloom and the level of outright panic, we should see this subside probably no later than July 2020. It clearly spreads easier than SARS or MERS, but it is about on par with the version of influenza that mutates each year.
As far as governments are concerned, the press seems to have turned this into a real panic.”
- March 11, 2020 - Jawboning the Fed on Cutting Rates
As Marty states: “We are facing an unbelievable crisis ahead and Trump does not understand the international dynamics behind the curtain. While the Fed cut rates, it was forced to expand liquidity in the Repo market or else we are looking at Repo rates taking off like a rocket ship because the issue is not borrowing right now, it is all about credit risk.”
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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.
Nick L. Nicolaas owns shares in B2Gold, Meadow Bay Gold Corporation, Ashanti Gold Corp, Klondike Silver Corp, Organic Garage, Northern Dynasty Mines, Exeter, Adastra Lab Holdings, Klondex Mines, Dynasty Gold, Blue Sky Uranium, Saville Resources, Guyana Goldstrike, CanAlaska Uranium, Aurora Cannabis, Golden Predator Mining, the Polaris Wallet, Maxtech Ventures,
Amex Exploration, Dunnedin Ventures, Teranga Gold Corporation, White Gold Corporation and Commerce Resources.
Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin.
March 15, 2020