The following is an small excerpt from last weeks (1/21) Astrology Traders newsletter by Karen Starich. If you find this information useful and would like the actual dates provided to subscribers, click on the links below for more information.
If you put in place an order for PSLV near $13.50, and it filled, from here I would hold and add on a dip. In essence Sprott has put in a floor near $13.20 on the PSLV. The Saturn oppose Jupiter (supply and demand) that I referenced last week, will carry into Friday January 27th, acts like a tug of war between the physical demand and the paper manipulation. Because of the Jupiter retrograde, the rare aspect is occurring three times, the first was in April 2011 right before silver almost hit $50.
The aspect, in it's final pass for 12 years, translates to a challenge of the corrupt CME/Comex gang following the MF Global scandal. This is a tug of war between supply and demand and is most certainly scaring the dickens out of JP Morgan and the CME/Comex gang's leveraged short positions in silver. Sprott is estimated at 1.5 billion in cash which translates to 40 to 50 million ounces of silver, far more than the estimated 31 million at the Comex. What Sprott is telling the market is trust the CME/Comex following the MF Global scandal, or trust Sprott Asset Managements viable 10 billion enterprise with a good reputation and massive growing customer base.
There could be a drop (subscribe for dates). There is risk for corrections (premium content) silver may start to make some very big moves up. Jupiter, as mentioned above, is making the last round of squares that have blocked silver since June. Often what happens with these aspects in a loop (retrograde) is by the final opposition the people have gotten savvy to the game and figure out a brilliant strategy to counter the opposition. There is still risk to the downside through January, however Sprott's move is reinforcing the good transits I see coming and giving confidence to the bulls now through these hard transits. Any correction should be viewed as an opportunity to buy long.