A strong opening for the Nikkei, almost 1% but only to turn ahead of the lunch break. Although price action was whippy the volume traded was very poor. The afternoon session was a retracement of earlier losses but again in light volume. We closed the day up +0.6% but all eyes and ears will be […]
Private Blog Update August 24, 2016
The Nikkei (cash market) had a lot to recover having just returned but recover it did. The early bounce was pulled back then the Friday afternoon recovery took over and we closed just off the days highs (+1.2%). China’s Industrial Output was expected at 6.1% but came in a little short at 6% which did […]
QUESTION: Hi Marty, I read your post on gold today. After crash and burn, all those that are holding paper money will take a haircut. So, irregardless of how high physical gold goes per ounce, at least it is a tangible asset, as opposed to what (toilet) paper money may be worth…am I seeing […]
QUESTION: Hi martin I see all kind of speculation about what will be the price of gold in the coming years. I wonder if it makes any sense such debate as long as socrates is foreseing a monetary reform maybe in 2018. What will be the real value of the currency after that? Any thoughts on […]
The financial services industry is undergoing its greatest upheaval perhaps in more than 35 years because the government came up with a brilliant new idea to pretend there is a crisis that they need to step in to save you. I have warned that there has been talk about taking over 401K funds which are […]
The Nikkei (cash market) had a lot to recover having just returned but recover it did. The early bounce was pulled back then the Friday afternoon recovery took over and we closed just off the days highs (+1.2%). China’s Industrial Output was expected at 6.1% but came in a little short at 6% which did […]
QUESTION: Hi Martin: Thanks for your blog entries and daily market talk. Question: are the arrays independent of the outcomes of the USA election outcome? If they aren’t, what does Socrates forecast with each candidate winning? Thank you. DA ANSWER: There is absolutely no human input whatsoever. Everything is within the system. The arrays are not […]
Yet another rather uneventful session made even worse by the fact that Japan had a national holiday. Early trading in the Shanghai tended to follow the weak US sentiment but despite flipping in both directions, eventually closed down but above the psychological 3k level. Hang Seng performed well and it could be said took a […]
