Musings On Silver

In the silver market it is frustrating to get good data for some reason so in order to simplify things I will just use the London fix as a basis.  On January 18^th 1980 the close of the London markets logged the highest close on silver at $49.45.  Other sources claim prices ranging from $41.50 to 50.50 and that all depends on the source and what you are talking about … intraday, close or other ways to use a spike high on any particular trade.  So for the sake of argument I will just stick to the London fix on 1 JAN 1980 of $49.45

Silver hit $48.70 on the PM fix in London 28 Apr which is the highest I can find recently.  My research is incomplete as of now but that appears to be correct.  So, comparing Apples to Apples (in this case the London PM fix) what we do have is the makings of a double top when compared to 1980.  The price did not get to the $49.45 of 1980 so I have to view this for now as a failed new high on the Monthly chart.  This double top along with the FNH does not bode well in the interim for silver.  This run however does not appear to be finished and in accordance with Armstrong’s cycle model as we complete an 8.6 year cycle June 13. 

Quick look at Gold

Martin Armstrong's 8.6 year wave reaches a transition point on June 13th.  The ideal position for Gold IMO is to bottom between then and the 15th.  This would, according to Marty set the stage for much higher highs.

In order for gold to do this it will take a pretty steep angle on the weekly chart to get back to the regression line I'm using.  This regression line is from the low of 641 through this week.  The line represents simply a mean to golds progress and might just be a target for a low.  Of course blowing through the line and getting a bounce off the 5 SMA (blue line) would be clearly understandable.

Senate Official Complaining about Code Word "Geronimo"

I'm not about to rehash the “Indian” thing or even the “native American” thing, that’s been done Ad nauseam.   

The news today is, some director for the Senate Indian Affairs Committee is objecting to the military using “Geronimo” as a code name for Bin Laden.

I suggest that Loretta Tuell, the director I mentioned just go find something useful to do for crying out loud.  Besides she is a member of the Nez Perce tribe and not an Apache as was Geronimo. It is well known and well documented that the Apache were a war like group and the word in the Zuni language means “enemy”.

Osama Bin laden Death house

I may be wrong but pretty sure this is the house UBL was killed in.  you can see how close this guy was living to a facility suppose to be the Pakistan Military Academy.  He was right under their noses.  Hard to believe no one knew of this.  I located the compound which looks much like what is being shown on TV now (Sunday) and the coordinates are
 34 11 15.76 N  73 14 33.18 E .

I have seen this relationship shown no where in the media so thought I would put it here.  If I'm wrong I'm wrong but it is what I believe to be the scene. Just click on the photo to enlarge.

And zoomed in......