Private Blog: Gold Closing of 8-11-2017 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
China really felt the hesitant mood today with the main Shanghai index down 1.6% and the Hang Seng fall over 2%. President Trump really was doubling down on the speech play late US/early Asian time zone and the markets reflected the mood. South Korean KOPSI dropped 1.7% in todays trading and also the SENSEX gave […]
Although Asian core all closed lower it really wasn’t that bad – at least in the Asian cash time zone. The JPY traded above the 110 level as cash rebounded at the close but then saw the late safety rally (US time zone). It was the large cap Hang Seng that appeared nervous in late […]
Private Blog: Gold & North Korea Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.
Only one big topic for Asian markets this morning and unfortunately, not a happy one. The uptick in geo-politics dominated everything today and unsurprisingly saw equities retreat, with a rally in gold and treasuries. The Nikkei fell the most of the cores with a decline of 1.3% and saw a strengthening of its currency down […]
Asia opened still with the buzz of Fridays surprizing good payrolls number. There were some concerns surrounding the sanctions the United Nations imposed on North Korea but these were quickly dismissed as the day wore-on. In Japan the Nikkei was not to sure in which direction to move and suffered a little ahead of lunch […]
We have a very serious problem with Congress. Their actions in far too many ways is displaying (1) a total disregard for international law, and (2) a clear arrogance that they will punish foreigners for not obeying US law outside the territorial jurisdiction of the United States. What if Germany passed a law to punish […]
Energy, Industrials and Financials were the sectors leading the Hang Seng in todays trading and we highlight those because it closed up almost 1.3%; not bad for a Monday! Hang Seng helped much of these gains after better than expected results and the announcement of share buybacks. The core Shanghai also closed better (+0.65%) but […]
The dollar correction for this Year from Political Hell is still in motion, but there is no major change in trend that is at hand. In the British pound, the Monthly Bullish Reversal stands at 13485 level on cash. In the Euro, the Monthly Bullish remains up at 12885 with a Minor Monthly Bullish at […]
QUESTION: Mr. Armstrong; I read your report that the politicians we have here in Europe think they need these refugees to pay future pensions. I read that the IMF has also confirmed your reporting. I understand you also meet with government. Do they ever listen to you that they are destroying our countries here in […]
