Astro Merriman:
This a holiday week in the United States (Independence Day, July 4), and Mercury is retrograde.
The combination implies a lightly-traded but unpredictable week ahead. Holiday markets are usually more bullish than bearish, but with Mercury retrograde, price movements tend to reverse every 1-4 days. However, right in the middle of the retrograde period (usually about the 8th trading day), some markets make a bigger than anticipated reversal of what appears to be a short-term trend. That is what happened in many stock indices last week. They were down from shortly after the time Mercury went retrograde on June 15 until last Wednesday, the 8th trading day. Then they abruptly started to rally again. The same thing happened with precious metals. Crude Oil, however, was the star last week, moving above 70.00/barrel for the first time in 9 months. With Uranus still in the middle degrees of Pisces, the possibility of 100.00/barrel remains in effect. Uranus coincides with multi-year highs or lows in signs of commodities or stock sectors ruled by the sign it is in. Pisces rules crude oil. The high usually occurs while Uranus is in the middle degrees, and then the bottom falls out as prices oftentimes decline 50-80% off those highs before it leaves the sign. Uranus remains in middle Pisces into 2008.
In other markets, Silver prices dropped significantly last week as the final Saturn-Neptune opposition unfolded. Prices then rallied smartly in to the “Sagittarius Factor” lunar cycle, Wednesday-Friday, a bullish phenomenon discussed in one of the chapters of our recently released-book on short term trading of Silver.
Because this is Mercury retrograde, and a holiday week, there is not likely to be a favorable trading week.
Mercury retrograde coincides with unpredictable market behavior, as prices tend to swing back and forth every 1-4 days, with little respect for technical buy or sell signals, or support-resistance. In fact, they are more likely to exhibit “fake out” patterns than anything else. The same tends to happen in holiday markets. Nevertheless, it is interesting that the market behavior of the past two weeks was remarkably right in line with what geocosmic signatures suggested, even with Mercury retrograde. Once you adapt to the “Mercury retrograde rules” and think very short-term, the odds seem to shift in your favor.
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Sickening ?
"Because the dollar is the reserve currency of the world, hyperinflating the dollar will be fundamentally different in two ways from all hyperinflations in history. On the one hand, there are tens of trillions of dollar-denominated debt and hundreds of trillions of dollar-denominated derivatives. Given that the ratio of currency to debts and derivatives is tiny, the coming hyperinflation must be necessarily of epic proportions. On the other hand, central banks around the world will fight tooth and nail to support the dollar, so that world financial system does not collapse and that their reserves do not evaporate into the nothingness. Many central banks will choose willy-nilly to support the dollar by inflating their own currencies. Thus, these two powerful forces will drive the dollar in opposite directions. Its inevitable demise may be swift and sudden, or it may be protracted and painful."
Krassimir Petrov
Gold and Silver is totally undervalued metal in comparison to copper, zinc, lead, etc. and will increase from now.
Doug Casey
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Gold is looking very good here. The market force indicator is at its lower support representing a low risk entry point and has been in this denomination for two months. Gold has dropped $20-30/oz since the force first defined this new low risk entry level but that is irrelevant compared to where the next upleg will take gold. As soon as the force launches convincingly off the lower support level the rally will commence in earnest (take a look at the crude oil chart below to see how it is rallying and how the force is now in mid-channel).
I fully expect the next upleg to be the most spectacular so far in the bull to date.
US DOLLAR
The force shows the US dollar went into a bear market in 2001 (as gold started a bull market). With a little help from its friends it tried to transform itself into a new bull market as it changed trend in early 2003. But even a pig with a wig and lipstick is not very pretty and the best it could manage was an almost horizontal but still downward sloping force channel. Sorry, Gold Cartel, no cigar; that is still a bear market! In March 2007 the dollar gave up on the use of stem cells to try to engineer Bear DNA to look like Bull DNA. The force has declared the USA dollar to be once again in an unequivocal bear market. Based on the Bureau of Labor Statistics theory that when the price of something is too high consumer will buy a cheaper substitute, I would recommend toilet paper instead. It is manufactured from the same stuff !
Adrian Douglas