ASIA / AUSTRALIA: The G20 is set up to be interesting, as the US negotiators describe Chinese officials tone as negative. Tomorrow, the two heads of states are due to meet. President Trump was a bit more optimistic stating, “At a minimum, it will be productive,” referring to his meeting tomorrow with Chinese President Xi. […]
ASIA / AUSTRALIA: Tomorrow, the G20 meeting will commence in Osaka, Japan. Chinese President Xi Jinping has met Japanese Prime Minister Shinzo Abe prior to the meeting in order to try and build a relationship going forward. Meanwhile, the U.S. and China have reportedly agreed to delay any tariffs until the two sides meet at […]
QUESTION: Was not this move you have been talking about to happen right after the EP elections? What has changed? “While everyone will focus on interest rates, at the end of the summer we will see a refocus back on the structural problems in the Euro.” SM ANSWER: Nothing. What is happening is that we […]
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ASIA / AUSTRALIA: The Chinese foreign minister has stated that they will “not allow” the G20 to discuss matters regarding Hong Kong. Recently, Hong Kong overruled a previous ruling that allowed Chinese extradition. Over the weekend, Chinese Vice Commerce Minister Wang Shouwen requested that the U.S. stop their inappropriate tariffs and actions against Chinese companies. […]
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COMMENT: Mr. Armstrong; I want to salute you on creating Socrates. Its forecast on gold was remarkable. When gold was starting to breakout on May 31, Socrates wrote concerning your breakout points: We did close below the previous session’s Intraday Projected Breakout Resistance indicator which was 129370 settling at 129240 gesturing that the market is […]
ASIA / AUSTRALIA: The US has added five more Chinese companies to a US blacklist that restricts US companies from dealing with the companies on the list. Of those included on the list is a Chinese government-owned supercomputing company, with military applications and dealing with national security. The companies “pose a significant risk of being […]
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QUESTION: Mr. Armstrong; you are the only person who forecasts gold without bias. How will gold respond to the war rattling with Iran? PD ANSWER: They will always paint gold as the a never ending bull market in the face of war. Perhaps us old-time traders learned the hard way – buy the rumor but […]
