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Monday, May 14, 2012

Evening all

Well market is in one of those zigzag moods at the present time.
Its playing the sell Europe buy US hedge and those who are able to do it should keep an eye on it.
What many are don't realising is that the US Federal Reserve has been increasing the money supply in the last fortnight by the most in almost 2 years.

What does that mean ...lol
A helicopter is on the way ....

Sure the US is showing strength and we see the commodities taking a hit..
People do realise we are in a election year and so this is a compulsory.
As stated previously the fact that metals cant take advantage of the trouble in Europe indicated to me that the metals are on the way down and really hard too.
End of last month the astrology was powerful for metals, also the first week of May and yet metals all struggled to obtain any positive momentum.

Therefore I don't see why metals couldn't fall another 20% or more over the next 3 months.
My view for those who have asked
Gold $1150-1200
Silver  $20-22
Copper 290-320

With trouble continuing in Europe and traders buying US bonds for safety not metals, the case for
security, safe heaven , or a commodity in metals in floored.
With the very powerful negative astrology also on the way, $1560 will look like a wonderful sell

Those who are still talking up metals are doing so for there own interests.
Soon I will be looking at 1400 August  or Dec Puts.

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