Update of Norra Metals Buying Opportunity of Units - Gold, The Dow, S&P 500 and the Nasdaq - Points to Ponder
September 29, 2019
Update of Norra Metals Buying Opportunity of Units
Last week I wrote to you about the Norra Metals Corp. (TSXV: NORA - Frankfurt: 1K0) Private Placement offering for the sale of up to 15,000,000 Units priced at five (5) cents per Unit with e a Warrant attached at ten (10) cents for a period of two (2) years.
Norra Metals has: 1) 49,793,773 shares Issued and outstanding; 2) Issued1,945.000 Options at $0.50 to $1.15; 3) Issued 7,815,183 Warrants until January 21, 2021 at an exercise Price of $1.00; 4) For 59,553,956 shares, on a Fully Diluted basis.
The Company has six (6) Projects: A) Three (3) in Norway; B) Two (2) in Sweden; and C) One (1) in Quebec, Canada.
Norra Metals focus is the Bleikvassli Mine Project which is its Flagship Project located in Central Norway.
There still is some room to partake in this excellent Private Placement. Therefore, let me know ASAP if you want some of it.
Gold, The Dow, S&P 500 & the Nasdaq
NY Gold Nearest Futures
Gold was ostly down this week and ended the 5-day trading week Down $11.70 and closed the week at $1,503.30.
There is US Dollar hoarding in Germany and a lot of that money is flowing into the US$ and then into Gold, the Safe Heaven.
We are expecting Directional Changes that started in September to continue in October with High Volatility as we are moving into the 2020 Turning Point in the Economic Confidence Model generated by the Artificial Intelligent Model named Socrates. Socrates consists of Actual Intelligent Artificial Intelligence (AIAI). AIAI is Artificial Intelligence (AI) plus and thus a step-up from AI.
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,CanAlaska Uranium, FireFox Gold and Norra Metals.
Accumulate Junior Silver Companies like Klondike Silver for your Long-term Silver Portfolio.
We continue to focus on the Martin Armstrong Actual Intelligent Artificial Intelligent (AIAI) Computer and its Socrates generated predictions. As we move into the Fall, we will continue to listen to Socrates and see how it everything will develop as we move forward.
We believe that there still is a Turning-point and Directional-Change ahead of us before year-end. This will take Gold below $981.50 after which, it will then quickly go above $981.50 again and then - - - we will see $5,500 Gold Price hopefully before that year-end.
We shall see how it all develops from here on in.
Dow Jones Industrials Index Cash
Nothing exciting occurred this in the Indices week, the Dow traded Up and Down all week and Closed at 26,820.25, the S&P 500 Closed at 2,961.29 and the Nasdaq Closed at 7,939.63.
Based on Socrates, we continue to believe that this time Gold and the Dow will move upwards in Tandem as we move into 2020.
At Mining Interactive it our resolve to move you, the Investor into Super-fortune and Ultra-wealth status. Therefore, please continue to read our Free of Charge letter “From the Desk of Nick Nicolaas”.
My Take: While Cathay Pacific Airways suffered a 12% drop in passengers due to the Hong Kong protests. Its Airfare prices are dropping to win back visitors to Hong Kong.
There are other issues at the core of the Hong Kong protests that began in June 2019 against proposals to allow extradition to mainland China because of this there are rising fears that the Hong Kong peg may break with the protests.
City leader Carrie Lam agreed to suspend the bill, but demonstrations have continued. They have now developed to include demands for full democracy and an inquiry into police actions. The clashes between police and activists have been becoming increasingly violent, with police using tear gas and activists storming parliament.
The biggest fears from a financial perspective is that (1) the peg will break, and (2) the financial sector will move quietly to Singapore. This is a very serious issue in Asia for it has been undermining the economy moving into the January low in the Socrates Economic Confidence Model.
DISCLAIMER 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.
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, 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 FireFox Gold.
Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin.