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About 3 weeks ago, I posted that the
planetary cycles indicated that a significant change in trend could be due
in August for Gold and in particulary SILVER. Circa Aug. 3-6,
Jupiter (expansion or abundance) in CANCER (ruling sign for Silver) would
conjunct (same degree of longitude) with the Moon's (Moon is planetary ruler of
Cancer and Silver) North Node (a Jupiter type clone = abundance) to create a
climax of supply therefore should be near a major low. The Jupiter - N. Node
cycle on conjuncts about every 8 years. Occuring in Cancer (Silver's sign) is
much more rare, so it has probably been many decades or centuries since this
last occured. Based on this, I went long Dec. Comex Silver on Monday, Aug.
6 at 425. As you can hopefully see from the chart, I was a few days early and at
one point the market went about 9-10 cents against me
(1 cent = $50) On the other hand,
currently this market has formed a very nice basing pattern from which it just
broke out on the upside today. Given the New Moon this weekend, I wouldn't
expect a great deal of upside priogress after Monday's opening, as SIlver tends
to top on New Moons and bottom on Full Moons. Longer term, the implications
of such a constructive looking based conincidental with major long term Astro
Cycles looks very appetizing to me for a long term long position.
Please be advised that this should not be
taken as a trade recommendation and is stictly for educational purposes
only. Trading futures involves substantial risks that can lead to losing
everything you have ever had, have now, or will every have. and is almost as
dangerous as investing in the stock market or bungy jumping.
Please see chart below.
Cheers,Norman Winski
<A
href="mailto:nwinski@xxxxxxxx";>nwinski@xxxxxxxx
P.S. You should know that I haven't been involved
with Silver since Warren Buffett announced he was long, at which time I sold my
longs circa $7. The market has been dropping since then for about 3 years.
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