Confirms what I suspected, if you look at both of them, the charts look like a good place to cover a short, wait for a bounce, then reshort. So PMs look like a short term sell here.
On another note... Full lunar eclipse Wed, and it conjuncts the galactic center at the same time. http://planetaryenergies.net/2011/06/13/astrology-week-beginning-june-13-2011/ ...And Wed is a full moon.
Question, Steve...aren't all the dollar-denominated commods showing charts kind of like these? The parabolic move in commods is basically a result of the dollar decline, or do you disagree? I think the in-progress dollar bounce, which could stretch into 2012, maybe, will bring a lot of these things back to earth. And probably overshoot, taking them way lower than most people think.
Well without looking at data, seems like the dollar went down 20%, but commods doubled and tripled, so there is more going on....demand, speculation, flight to hard assets.
I see, so they will be near in the sky to each other from an earth observation, I wonder if that changes the gravitational pull even more, or barely at all. My scary story is for earthquake a day or 3 after. Its the push/pull, then slide to the side theory.
Thanks!
ReplyDeleteConfirms what I suspected, if you look at both of them, the charts look like a good place to cover a short, wait for a bounce, then reshort. So PMs look like a short term sell here.
On another note... Full lunar eclipse Wed, and it conjuncts the galactic center at the same time. http://planetaryenergies.net/2011/06/13/astrology-week-beginning-june-13-2011/ ...And Wed is a full moon.
For sure not buying PMs this week.
ReplyDeleteIndeed, eclipses always happen on a full moon, it the way it works, they are related.
Derp, of course.
ReplyDeleteNot often when it conjuncts the galactic center though, FWIW.
Question, Steve...aren't all the dollar-denominated commods showing charts kind of like these? The parabolic move in commods is basically a result of the dollar decline, or do you disagree? I think the in-progress dollar bounce, which could stretch into 2012, maybe, will bring a lot of these things back to earth. And probably overshoot, taking them way lower than most people think.
ReplyDeleteWell without looking at data, seems like the dollar went down 20%, but commods doubled and tripled, so there is more going on....demand, speculation, flight to hard assets.
ReplyDeleteCan we call silver "fool's gold"?
ReplyDeleteNot to insult the silver bugs, but that sure was silly, again.
I see, so they will be near in the sky to each other from an earth observation, I wonder if that changes the gravitational pull even more, or barely at all. My scary story is for earthquake a day or 3 after. Its the push/pull, then slide to the side theory.
ReplyDeleteGravitational pull won't measurably increase. Cosmic rays might though (leading to a bump in increased cloud cover -> rain -> lightning).
ReplyDelete