By Karen Starich
The recent pullback in silver is counter intuitive to the HUI and
suggests something is not jiving with the paper price of silver. There
are currently very strong aspects with Jupiter (silver) and Saturn (gold
and mining) to the U.S. chart that would suggest institutional
investors acquiring large amounts of the precious metals. There could
be more backwardation going on behind the scenes as the miners look
bullish while the paper prices are moving lower. Silver Wheaton (SLW),
Pan American Silver (PAAS), Mag Silver (MVG), and Coeur D Alene (CDE)
have not pulled back in line with the paper price and continue to look
I would have expected more of a bounce with the paper price along with
the Jupiter/Saturn aspects, and that has not materialized. There is
another opportunity for the silver price to move higher near November
6th-23rd, so we will have to see how that plays out. We may continue to
see smaller incremental moves for silver into the end of 2012.
There is a transit to the Federal Reserve chart from the planet Hades
that could be very debilitating to the price of silver and gold. Hades
(rules banking) is opposing the Federal Reserve Sun in Capricorn (gold
and mining) and suggests an intensifying tug of war over the control of
the metals. Hades moves very slow so this transit will be hanging around
until mid 2014. The influence is very exhausting as neither side wants
to give in. We have the bullion banks on one side manipulating through
paper transactions and lease agreements, and the gold and mining bugs
on the other with their vast network of investors and website propaganda
In order to get another very bullish run we will have to have some
very strong transits with Uranus to throw the banks off balance. That
may happen in April of 2013 when Uranus will square the U.S. Sun then
oppose the U.S. Saturn while at the same time making an inconjunct to
the Federal Reserve Moon. The setup suggests there could be a change of
leadership coming within the Federal Reserve and we could see an
explosive move for silver near April 4th-10th of 2013.
by Gao Changxin, China Daily:
A “renminbi bloc” has been formed in East Asia, as nations in the
region abandon the US dollar and peg their currency to the Chinese yuan —
a major signal of China’s successful bid to internationalize its
currency, a research report has said.
The Peterson Institute for International Economics, or PIIE, said in
its latest research that China has moved closer to its long-term goal
for the renminbi to become a global reserve currency.
Since the global financial crisis, the report said, more and more
nations, especially emerging economies, see the yuan as the main
reference currency when setting their exchange rate.
And now seven out of 10 economies in the region — including South
Korea, Indonesia, Malaysia, Singapore and Thailand — track the renminbi
more closely than they do the US dollar. Only three economies in the
group — Hong Kong, Vietnam, and Mongolia — still have currencies
following the dollar more closely than the renminbi, said the report,
posted on the institute’s website.
Read More @ ChinaDaily.com