Authored by Tyler Durden via Zerohedge

Is this the stormy weather that Donald Trump was referring to yesterday?

Russian news agency Sputnik reports, that according to a Russian lawmaker, who has just returned from North Korea, Pyongyang is ready to test a missile capable of reaching the US western coast.

“They are preparing for a new test of a longer-range missile. They even gave us mathematical calculations that they believe prove that their missile can hit the western coast of the United States,” Morozov said.

In the near future, they are going to carry out, as far as we understand, yet another launch of a missile, but this time with a longer range,” the lawmaker said, adding that the general mood in Pyongyang is “rather belligerent.”

 

Sputnik adds that “Pyongyang is planning to test-fire a missile that is capable of reaching the western coast of the US, Anton Morozov, a member of the Russian State Duma Committee on International Affairs told RIA Novosoti.”

“They [North Korea] are preparing to launch a new high range missile. They even gave us calculations, showing that the missile was capable of reachen the western coast of the US,” Morozov said.

 

The Russian delegation was on an official visit in the North Korean capital on October 2-6, the Russian embassy in North Korea said earlier. The lawmakers discussed bilateral cooperation with the Russian ambassador to North Korea.

The market reaction upon hearing the news has been quite negative, with a trapdoor opening below the S&P as safe-haven bonds are bid.

While gold spiked higher (as USDJPY tumbled back below 113.00).


The information presented in this blog is strictly for educational purposes only. Halifax America LLC doesn’t necessarily endorse the information provided. We present this information to our readers with the expectation that they will critically read and evaluate the information themselves. Halifax America LLC is NOT recommending trades or investments in relation to the information presented. The risk of loss in the trading of stocks, options, futures, forex, foreign equities, and bonds can be substantial and is not suitable for all investors. Trading on margin or the use of leverage is not suitable for all investors and losses exceeding your initial deposit is possible. Supporting documentation is available upon request. Trading futures, options on futures, and forex involves substantial risk of loss and is not suitable for all investors. Carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources and only risk capital should be used. Opinions, market data, and recommendations are subject to change at any time. The lower the margin used the higher the leverage and therefore increases your risk. Past performance is not necessarily indicative of future results.