By Tyler Durden
On Friday afternoon as the market was about to close, we discussed an unconfirmed report that North Korea had issued “emergency standby orders” to its civil defense units, and we said that at the same time, “traders are furiously hitting refresh on the website of 38North.org for the daily satellite image update of North Korea’s missile launch preparedness, which has yet to hit and which could mean the difference between another sleepy, boring open on Monday and a VIX surging above 20, 30 or more depending on what “path” Kim Jong-Un picks over the next 48 hours.”
Shortly after the note, 38North, best known for its real-time satellite imagery of North Korean military operations and slightly less known for a pro-war spin according to some (hence, take their conclusions with caution), reported that recent satellite photos suggests that North Korea is preparing for fresh submarine-based missile tests even as Trump has repeatedly stated that any new provocation from North Korea could be grounds for a military operation.
Referring to photographs taken on August 7, Joseph Bermudez, a North Korea specialist, claimed that they could indicate preparations for a new test of a submarine-launched ballistic missile (SLBM). “Recent commercial satellite imagery …read more