Menu Close

The Trump-Kim Summit Is Dead On Arrival… but We Saw This Coming a Month Ago

This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Sometimes when you’re right, you wish you weren’t.

Exactly one month ago today – April 24, 2018 – I wrote to my Private Briefing subscribers warning them that the North Korea “supreme leader” was more like a “capo” from “Goodfellas.” In other words, a mobster or thug who operated as if the rules didn’t apply to him.

And that, to me, made it highly unlikely that a meaningful agreement, let alone a workable denuclearization program, would ever come to pass.

And I was right.

Just look at what happened today.

There’s Still No Easy Solution to the North Korean Threat…

Now, I give the Trump administration credit for trying to make this move – as opposed to resorting to an Osirak-style raid just like the one the Israeli Air Force staged back in 1981. That daring, dangerous operation was successful in its goal to demolish then-Iraqi strongman Saddam Hussein’s nuclear program.

Of course, the “hard option” is one of the riskiest, least palatable courses of action available, as I’ve said before.

That we’ve come to this point at all is the result of a wimpy permissiveness from consecutive Democratic and Republican administrations over the years. That’s allowed the North Korean nuclear program to progress too far to easily knock out.

Price Target: $100,000… This Bitcoin “systems upgrade” could unlock massive potential gains in the cryptocurrency. wa****************@gm***.com" target="_blank" rel="nofollow noopener">Go here to see why Bitcoin is far from dead.

But I knew that the Kim dynasty’s track record – recall the whole “cooling tower demolition display” back in 2008 – made it extremely unlikely that Kim Jong Un would ever follow through with meaningful denuclearization.

After all, I’ve been following this since way before it hit the mainstream media’s radar.

…But This Is Still the Best Play to Capitalize on That Threat

Back in February 2013, in a piece titled “If This Stock Doubles, Thank North Korea,” I warned that North Korea’s nuclear ballistic missile program was destined to become a huge global security issue.

I said it would trigger a big push to develop missile-interceptor systems. And I said that Aerojet Rocketdyne Holdings Inc. (NYSE: AJRD), which makes the rocket motors for missile interceptors, would likely double…

It has – more than doubled, in fact, delivering peak gains of better than 163%.

Now we’re back to where we were before – a fact that will drive the focus on missile-interceptor technology.

And that, in turn, will fuel a continued focus on defense technology and defense spending – and fuel more gains in Aerojet Rocketdyne.

This Is Like Investing in Smartphone Tech in 2009

If you’ve ever dismissed drones as toys or just for military use, think again. Because this tech has the potential to unlock $127 billion in new wealth for early investors. wa****************@gm***.com" target="_blank" rel="nofollow noopener">Learn seven reasons why this drone stock could explode…

To get full access to all Money Morning content, click here

About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.

The post The Trump-Kim Summit Is Dead On Arrival… but We Saw This Coming a Month Ago appeared first on Money Morning – We Make Investing Profitable.

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading