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.

As the Solar System, orbits the Milky Way galaxy follows a path that travels above and below the equator of the galactic plane.

The Mayan Long Count calendar was developed around 200 B.C.E. in Izapa, Mexico, using data calculated over hundreds of years. The Long Count Calendar start date was August 11th 3114 B.C.E and the target end date will be on December 21st, 2012 during the rare alignment with the solstice sun with the Milky Way galaxy. The completion of a Mayan Great Cycle = 5,126 years. The 13.0.0.0.0 – baktun cycle (5,125 year) of the Mayan Long Count: measures the changing of the “suns” in the precession of the equinoxes; a 26,000 galactic cycle. The precession of a Mayan Grand Cycle of 25,630 years is made up of 5 Great Cycles of 5,126 years each.

According to the Mayans we are in the 4th Age of creation and completing the end of one Grand Cycle.The significance of 2012 is the end of the present 4th Age.  According to the Maya the end of the 4th Age is a time of purification, not destruction, and the beginning the next age of transformation. The Maya view 2012 as a time to use ceremony to terminate the old and consecrate the building of the new. According to the Mayan elders ritual can smoother the shifting of the flow of k’ul and help one see the right path to take make the necessary changes in mind and heart to see through the challenges we will face in the upcoming 5th Age.

1993 – 2012: The Mayan katun prophecies are in the book of the Chilam Balam. The katuns were read for divination and prediction in tandem with the Tzolk’in – the 260 day calendar used by the Mayans. The katun prophecy leading into 2012 alludes to a time of purification and drastic change as the old order is taken down so the new world can be constructed.

The present katun of 4 Ahau that began April 6th 1993, will be a time of great difficulty resulting in mankind’s disharmony of spirit. Governments and religions will begin to fail and lead men astray. Resources will be scarce, natural disasters will increase, and people will be troubled and anxious about what the future may bring. The katun also talks of “remembering (old) knowledge and writing it down.” The Maya believed that the Mayan masters will reincarnate prior to 2012 to spread the wisdom and knowledge throughout the world to ease the time of purification, and open the way for collective transformation.

2012: The next katun, 8 Ahau will begin on December 21st 2012, the first katun of the New 5th Age. According to the Maya at first there will be much misfortune, destruction and disillusionment at the very end of the Long Count Calendar for the Chilam Balam states: “This is a time of total collapse where everything is lost. It is the time of judgment of God. There will be epidemics and plagues and famine. Governments will be lost to foreigners; wise men and prophets will be lost.”

2012 – 2032: After a difficult adjustment period, there will be a dramatic rising of global consciousness. People will be reunited with the wisdom of the ancient past as new age for mankind begins to unfold. Many will be drawn to sacred sites, places, and temples to remember the past ages of profound knowledge and lost wisdom. This will be a time of change and renewal. The Maya say it will be time of great opportunity when the Gods (Extraterrestrials?) actually come to visit Earth, brining enlightenment that will culminate in 13 Ahau by June 19, 2032.

The Mayan katuns make it clear we are not facing a single moment of change but an era of change and we are already in that era. The Mayan elders say in order to change the direction we are going requires a change in the way of thinking a perception about life, spirit, and our place in the universe. The Maya predicted life would become difficult because we lost balance with nature and the Earth will get more extreme to bring us back to balance. According to the Mayan elders people as we approach 2012 the energy of purification will intensify before the transformation process occurs when the 5th Age begins. Until then social division and strife between people and groups will increase. Resources (food, fuel, and discretionary income) will diminish as competition for necessities (job, home, transportation, and education) increases.

The Mayan elders say this is a time when difference in ideology will not be tolerated. There will be a suppression of dissenting voices in all areas of life by governments, creating civil unrest that will lead to violent forms of group defiance and rebellion. Nation will suppress other nations, groups will suppress other groups, and the use of violent force will increase.

Signs of meta-consciousness will increase during the paradigm shift toward Maya 5th Age. Therefore we can expect a dramatic increase in meta-conscious states such as intensified level of synchronicity (unique timing of events that seem related, but not caused one by the other), an awakening to ESP and telepathy (to know things outside the rational mind), heightened altered states awareness that allow one to see and feel energy fields, and the ability to remote view the future.According to Jose Arguelles, the person who put the Mayan 2012 end date on the map, says “Everything that we know, everything that we are, is about to undergo a substantial and radical alteration.” The bottom line is that the human mind/body is evolving so that we can become empowered multi-dimensional beings. Time is accelerating due to that fact the Solar System is passing through high-energy particle zone in space. The high energy particles are bombarding our bodies affecting our (junk) DNA, thereby increasing cellular frequency. Therefore though and action will become accelerated as well as the general rate of cause and effect.

As we approach 2012 the level of uncertainty will continue to increase, therefore during this transition you will need to learn new skills, be open to new ideas and beliefs, and cultivate new behaviors.  Essentially you will be called to change at a deeper level in order for you to experience your higher spiritual and human potential. Many people who are resistant to the changes that are leading up to 2012, who are unwilling to outgrow ingrained habits and belief systems based on their cultural conditioning will experience increased stress and agitation, have trouble staying focused on mundane matters,  lose interest in things they always enjoyed, begin to feel long-standing goals that excited them in the past have become out of reach, being excessively moody and overly sensitive to other, having greater and great difficulty with managing their finances and/or meeting their material needs, and feeling polarized with family members and friends over differing worldviews.

Those people who are open to change and cultivate flexibility in their lives during this time of transition will feel the effects of the coming Mayan 5th Age by showing more of an interest in the new ideas and unusual activities,  approach problems in new ways, want to spend more time in nature, notice a major increase in synchronicity, be drawn to a more holistic and natural lifestyle, feel more connected with animals and plants, experience new sensations in your body such as vibrations or electric currents, feeling emotions more deeply then usual thereby having more empathy for others, notice quick results from being proactive and positive in your thinking, having unexpected opportunities fall in your lap, and standing up for yourself when confronted.

Those people who are open to change and cultivate flexibility in their lives during this time of transition will feel the effects of the coming Mayan 5th Age by showing more of an interest in the new ideas and unusual activities,  approach problems in new ways, want to spend more time in nature, notice a major increase in synchronicity, be drawn to a more holistic and natural lifestyle, feel more connected with animals and plants, experience new sensations in your body such as vibrations or electric currents, feeling emotions more deeply then usual thereby having more empathy for others, notice quick results from being proactive and positive in your thinking, having unexpected opportunities fall in your lap, and standing up for yourself when confronted.

Many people will be outgrowing the current career, past goals, and interest. The importance of time acceleration is that consequences of thoughts and actions happen more quickly.  Many people over the course of the 2012 transition will begin to move toward a more authentic lifestyle living their lives that will reflect their inner truth.

Many people will refer more and more to divination to help them make important decisions in their lives and rely less and less on conventional expert advice. Lastly, during this transition everything based on the old system is going to be challenged. People will be going through an internal cleansing and purification during this period forcing to face their shadow; that aspect of one’s psyche of one’s fear, hurt, pain and underdeveloped emotions that they create excuses around.

The  2nd Blackbox downtrend  intensified as Mars conjunct the EU’s natal Pluto, just prior to the November 10th Full Moon and will reached bottom on the 21st, when transiting Jupiter squared the EU’s natal Uranus, only days prior the Solar Eclipse at 2 Sagittarius (which will conjunct the Mars/Neptune midpoint). During which time yields on Italian 10-year bonds surged dangerously close to the unsustainable 7 percent level. .

Then on November 27th transiting Pluto semi-squared Vesta (which rules securities such as pension funds that are composed  of stocks, real-estate, precious metals, and commodity markets), while the transiting Sun opposed the EU’s natal Mars (ruler of the 2nd House of banking and currency markets) which drove financial interactions out of control among the European Banks and the currency markets, that resulted in a number of near bank failures that had a rippling effect on the global equities markets across the globe. Shortly after this event a major meeting was called by the European to find a solution to the sovereign debt crisis as the fate of the European Union hung in the balance.  French President Nicolas Sarkozy said, “Never has the risk of disintegration been greater.”  He was also quoted saying there could be an “explosion” if a solution is not found in the next few weeks.  During which time the S&P threatened a credit ratings cut of 15 EU nations if the sovereign debt crisis was not fixed soon.

Prediction: Since 2010 the Eurozone has been facing a “slow but steady death” and has  reached the point of “no return”. The austerity measures in Italy, Greece, Spain, and Portugal will plunge all of Europe into a severe recession by the spring of 2012. Spain, Portugal, and eventually Italy will follow Greece into an outright depression. Italy and Span have nearly 500 billion euros worth of maturing debt in 2012, that will be nearly impossible to refinance – since bond markets are unlikely to renew loans at acceptable interest rates — resulting in default or need to be rescued from the European Central Bank. Either way, the Eurozone will face  greater austerity and deep recession that will lead to massive civil unrest and social revolution across the European continent.

• Bank of America:  -59.45%
• Citi: -43.63%
• Goldman  Sachs: -45.89%
• JPMorgan: -21.28%
• Morgan  Stanley: -44.22%
• Barclays: -33.31%
• Lloyds: -61.22%
• UBS: -28.42%
• Deutsche  Bank: -27.01%
• BNP  Paribas: -36.29%
• Société Générale:-58.49%

Read more: http://www.businessinsider.com/chart-of-the-day-worst-perfoming-bank-2011-12#ixzz1iPhRyOMX