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 […]
PRIVATE BLOG – Gold reached $1415.40 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
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 […]
ASIA / AUSTRALIA: North Korean leader Kim Jong Un will hold talks with Chinese President Xi. President Xi arrived in North Korea’s capital, Pyongyang, in the first state visit in 14 years. The main topics reportedly will be nuclear armaments and trade. Interesting timing given both are in the midst of US negotiations in way […]
The news of Iran downing a US drone was circulating in the Middle East before it hit the news wires. It was actually shot down at 7:35 pm New York time on Wednesday night, giving time for the pop in gold. The U.S. Central Command leaders said the attack was “unprovoked” and it took place […]
PRIVATE BLOG – Gold & The Pop to 1397 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com. https://ask-socrates.com/
ASIA / AUSTRALIA: Nikkei has reported that Apple plans to move some of its manufacturing out of China. However, it is unlikely that the jobs will go to the US against the president’s wishes. “A lower birthrate, higher labor costs and the risk of overly centralizing its production in one country. These adverse factors are […]
ASIA / AUSTRALIA: There was upbeat news regarding the U.S.-China trade deal today. Trump stated that he and President Xi spoke and that they will have an extended meeting next week at the G20 event. A 6.7 magnitude earthquake hit the north east of Japan today, with expectations of perhaps multiple tsunamis to hit the […]
ASIA / AUSTRALIA: Hong Kong repealed their decision to allow extradition to China after thousands went to the streets in protest of the original decision. Prominent activist Joshua Wong has called for the city leader Carrie Lam to step down. Chinese technology giant Huawei has admitted that there has been as much as a 40% […]
