kstarich (90.06)

Market Atrology for September - Don't even think about shorting gold at $1000

September 02, 2009 – Comments (5) | RELATED TICKERS: IVN , SVM , GDX

As I wrote in my August gold blog the operation short sell by the bullion banks is no longer against the small investors but rather large governments ie. Russia and China.  The propaganda machine is out in force today trying to cover up this fact reporting the upswing is due to jewelry purchases, LOL!

It has nothing to do with that and everything to do with the fact that Saturn is moving into the 2nd house of the U.S. natal chart of banking, the economy, industry, money, and the wealth of the nation.  Gold is going to be viewed and excepted as money by the masses in a not too distant future.  When gold hits $1000 there will be traders taking the short position however, I would not on my life take that trade because it is just not supported anywhere in the astrology.  I believe the first stop is $1250 and then on to $1600.

In regard to the bank crisis and potential shutdown that I wrote about on August 25th. We are not out of the woods for this event and as I said it would be precipitated by an action from either India or China.  It is now evident that China has initiated the equivalent of the financial nuclear option.  China has set up a "stop loss" on OTC derivatives and basically said "screw you Bernanke and all your sociopathic bankster friends, we are not going to let you ruin the world economy."  Had China not come out on Tues. and announce that this did not include all OTC derivatives, I believe today or tomorrow could have been annouced as national bank shutdown day.  This is a huge relief to me as I would rather see a gradual exposure of the Fed, whose days are numbered indeed. 

Hopefully we the people have escaped a complete disaster for now (not saying we are out of the woods yet) however, for the Fed, they have approx. 66 days to go. 

Be safe, own gold and silver and be the "Bank of You"

kstar