The following is by Karen Starich, who uses astrology to forecast events in the financial markets. Check out Astrology Traders for specific dates and in-depth analysis of future events in the various markets she covers.
The MF Global scandal happened on the day there was an exact conjunction of Uranus to the Midheaven in the Federal Reserve's chart. Uranus is notorious for bringing sudden unexpected events, and in the Fed'scase, like a curve ball out of left field that threw the banking cartel off balance. What is not being reported is the outflow of money from customers accounts with investment banks. The best way to get rid of the corruption is to not do business with banks that are corrupt! The CME group has also earned a corrupt reputation as hedge fund groups are now reporting their traders are restricted from using the Comex because they didn't protect customers accounts.
The bizarre and dubious financial schemes that the banking institutions have for years engaged in, is now collapsing in on itself and that is the silver lining. There is however potentially another silver lining that is none other than the real metal “silver.” In 2010 Eric Sprott opened his Sprott Physical Silver Trust (PSLV) which is audited and backed 100% by silver holdings. The Comex has traditionally been the only destination for futures contracts and delivery of precious metals. They are also notorious for manipulating the inventory numbers and settling deliveries in cash settlements instead of physical deliveries. The whole operation at the Comex has been to depress the prices of gold and silver by collaborating with New York banks to keep prices down and to make it difficult to take delivery. In 2010 Eric Sprott changed the game when he opened the PSLV, giving investors a better alternative to the Comex.
On January 20th there is an almost exact opposition with Jupiter (supply) and Saturn (demand). For the Comex the definition is “stand and deliver” and that may very well be in the works. This rare aspect will occur 3 times due to a Saturn and Jupiter retrograde. having gone through the transit twice, and in each case an unsuccessful run in the metal, the silver bulls may finally have figured out how to move around the manipulation and finally get to $50 an ounce and hold it. The reason I think this could happen is there are transits into the spring that are very positive for the metal. The North Node in Sagittarius will impact the metal in a very positive way in the very near future.
Related Posts:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.