Tuesday, May 31, 2011

May 31, Intraday

Out of copper trade initiated on May 16.

June 1 has a partial Solar Eclipse with a constructive trine to Saturn which is exalted in Libra. The eclipse is in the changeable mutable sign of Gemini pointing to a positive change. However, mercury is forming a waxing square to Neptune which is in it's rulership in Pisces and is almost standing still as it will be going retrograde on June 3, the same day the Mercury square is exact. The Mercury Neptune square may result in a trick or trap for investors or some world event.

I will also be watching June 7 closely as Mercury will be conjunct the eclipse point of 11Gem02 and trine Saturn. This may bolster the call for a June 8 +- crest around the June 8th fib count.

More immediately silver may be about to make a big move but I am not sure of the direction. Following is a daily chart for silver showing the longitude of heliocentric Venus and Jupiter converted to price.

You will see silver prices followed Jupiter (blue line) then broke out late August 2010 then broke out again in early 2011 and followed the Venus line. Heliocentric Venus will be conjunct Jupiter June 1. When the two intersect Silver often makes a move.

No comments:

Post a Comment