Dennis Gartman of the prestigious Gartman Financial News Letter has reversed a major call on gold. Three weeks ago, he said to sell because it was in a bear market. Now, he says he made a mistake and claims it is still a bull market for the yellow metal.
In spite what the finanical mainstream media says, none of the fundamental underpinnings of the gold market have changed. The Federal Reserve is printing money like crazy, with more “quantitative easing” to come from Europe and the U.S. later this year. We have nations facing huge deficits of 100+ debt to GNP, keeping their Interest Rates artificially low, with no room for error and no viable way to pay there way out of their troubles. Not to mention that it’s an Presidental election year, so there will be NO incentive at all for the government to begin making any meaningful, necessary budget cuts this year.
The Obama administration will be asking Congress to raise the debt limit in the coming days to raise the U.S. borrowing limit by $1.2 trillion. The move would mark the 3rd and final increase from the debt-ceiling deal reached last year by Congress. The question is, what compromise will be adopted that will allow for the US to avoid default by raising the debt ceiling? Raising the debt ceiling is the problem and not by at means a solution. The race between dropping revenues and increasing costs will not be settled by politicians that do not even understand the problem. There is no event that will turn the tide of the ramifications for poor economic management.
Horoscope and 2012 – 2013 Blackbox Forecast of SPDR GOLD TRUST-GLD, the world’s largest gold-backed Exchange Traded Fund launched in 2004.
Prediction: The bottom line is that the short-term government machinations that are fueling a false economic recovery in 2012 will eventually break down. There is no event that will turn the tide of the ramifications for poor economic management. Nothing can stop Gold, Silver, and the Swiss Frank now. The die is cast, gold is now headed to blast well past $2000, and onward to $12,000 by 2015.
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About William Stickevers
William Stickevers has been a practicing astrologer in since 1990, currently practicing in New York City. He is well-versed in both classical and modern astrology and has lectured for the NCGR, AFA, and in Europe and Japan. William is an active member of the NCGR and Society of Astrologers.
William began studying astrology in 1986 in Philadelphia, PA with Vera Waltz and continued his astrological training with Robert Cook of Cold Spring Harbor, NY from 1987-1991. In 1992 he was introduced to Astro*Carto*Graphy by Jim Lewis and became a certified Astro*Carto*Graphy astrologer. William studied Horary and Electional astrology under Alphee Lavoie of AIR Software (1993) and studied Medieval Astrology and Alchemy with Robert Zoller (1994), continuing his studies (in 2002) with Christopher Warnock of Renaissance Astrology in Astrological Magic.
William's need to acquire more knowledge led him to study Neuro-Associative Conditioning while immersed in the Anthony Robbins Master Coaching Program from 1999 to 2003. This led him to work as a Life Coach for five years, helping his clients turn their lives around and succeed in their personal growth and achievment. The knowledge of the human psyche enables him to better understand and help his clients in their individual situations and create strategies to help them succeed in their endeavors, both personal and business.
In 2006 William studied Xybernomics: the study of far-reaching discovery of the effects of gravity concerning the analysis and forecasting of economic data related to human-influenced phenomena as those found in publicly auctioned financial markets.
Currently William is studying stock market astrology with fianical astrologer Tom Bost in conjunction with Alphee Lavoie's Financial Trader software.
In addition to astrology and cutting-edge technologies, William earned a B.S. in Music Performance (Clarinet) from Temple University (Philadelphia, PA) in 1989 and a CCRS Diploma in Computer Science from Hofstra University (Hempstead, NY) in 1996. He has a thriving computer consulting business and, musically, has performed internationally and has been a finalist in several international music competitions. He continues to perform in the New York Metro Area and beyond.
William's clients include investors, business owners, entrepreneurs, astrologers, psychics, fashion designers, and doctors. He enjoys working with clients who are committed to personal growth and spiritual development.
