Yesterday, I sent out a critical alert that something is going down in North Korea. Well, today morning at around 9 AM CT we got the confirmation of it.
This morning, Ethereum, gold, silver, oil, and the dollar all got a big jump up around 9 AM. The jump in gold and silver, $16 and 20 cents approximately, wasn't big enough to suggest a wider conflict, however. With China wanting to keep things quiet for next 30 days due to their 5 yearly planning session, it might be a perfect opportunity for the US to stir up the pot a bit.
I was expecting a bit of drop on Bitcoin and Litecoin over the weekend but both of them were holding strong and steady. So all the attempts to smash it down are not panning out it seems. So for long-term players, this might be a good opportunity to load on some cryptos.
Stocks had a rough day but it got nothing to do with the North Korea. They are just getting into the territory that retail and institutional investors are starting to get uncomfortable and are starting to liquidate the holdings in a very controlled and coordinated fashion.
On other fronts:
- Germany election with Merkel winning the 4th term and having no option but to have coalition is a recipe for disaster.
- Catalonian separation is getting hot
- Independence for Kurds, voting held - this could have major impact
- Trump's Tax reform plan is going to be a dud, just like Obamacare replace and repeal. With this, he would be the first president to not have any legislation passed into a law in his first year
- Major war of words between Pakistan and India in UN. Pakistan loses all its credibility and is on the verge of disintegration.
- Deloitte internal email systems hacked, client emails exposed. Let's see if we can find the trail to Money Laundering for Iran, inside trading, reasons for banning them to do business in New York and Mexico etc. etc.
With this, and as always, be prepared and be safe!
