By Karen Starich

The Markets
All the major indexes continue to show a negative divergence.  Jeff considers the current trend a bear market bounce from the low in late March.  We could, however, continue to see the markets move higher, possibly into the end of June.  The transit to note June 10-13, Mars conjoin Neptune, makes everything look rosy.   For the public – the grass looks greener, skies are blue, the markets look great, risk on with a Mars Neptune conjunction. Careful though, there is a darkside to Mars conjoin Neptune.  The public is susceptible to deceptive images in the media, hype, and illusions of grandeur. There is no edge to trade short here.  Best to wait it out.
GOLD
We are just two weeks away from the June 21st solar eclipse at 0 degrees Cancer.  There will likely be a major event that will trump (no pun intended) Covid-19 and the current riots.  What is happening in the gold futures is the clue.  As I mentioned last week, on May 28th – gold futures traders declared their intent to deliver 2.8 million ounces of gold against the future June contract.  The eclipse suggests a financial crisis, and a gold breakout may be in the near future.  The potential for a 9/11 type of terrorist attack, war, or major disaster before the end of the year is very real.  There seems to be a gold theme attached to whatever is on the horizon.  We are watching the GLD for a good entry level. 
 
June 26th – Potentially very volatile.  A possible attempt to push gold prices down and at the same time more demand for delivery – very chaotic.  By the end of June we might see the breakout we are looking for.  
   Karen Starich
GOLD
In my last update on May 24th I wrote that May 27th-28th should be noted for news regarding an increased demand for delivery on the Comex futures.  I also warned about the potential for chaos and losses with the Comex trading partners and futures traders.  As I predicted, on Thursday May 28th it all came to a head – gold futures traders declared their intent to deliver a record 2.8 million ounces of gold against the future June contract.  The largest daily delivery notice in the exchange data going back to 1994.
The news regarding gold is significant in my view, considering we have a very important eclipse at 0 degrees Cancer on June 21st that will oppose the Federal Reserve Sun (the Sun rules gold) at 01 degrees Capricorn – some type of demand for gold, or confiscation/transfer is in the works (behind the scenes planned tyranny = Jupiter, Saturn, Pluto conjunction in Capricorn).  The type of confiscation I am suggesting is not likely to be broadcast.  More like a transfer between nations on the threat of nuclear war.  The threat of a financial collapse and international conflict over gold could be earth shaking, literally, and the possibility of a large scale earthquake hitting California is a real possibility.  The Covid crises, the riots, are part of the sh*t show, but not likely the most critical yet.  We are all having to dodge danger – stay safe.  I had my firsthand experience with danger this weekend when traveling home on the freeway.  Suddenly all traffic came to a standstill when we were southbound near Milwaukee.  Cars in our direction began peeling out onto the emergency lane, driving in the wrong direction against traffic, and heading for the onramp to exit the freeway!  I realized we may not make it to the offramp another mile down, and doing a U-turn was the best option – crazy!  We got home safe and learned later that a car was set on fire in the southbound lanes.
Be prepared as best you can, be kind, be humanitarian, enjoy quality time with your families and friends.  We are moving quickly into a new normal where business, taxes, and accounting practices are going to change forever.  The Jupiter/Saturn/Pluto conjunction will bring new mandates, harsh judgements on criminal organizations, and new oversight into accounting practices.  It will be one extreme or another.  Either total corruption and a tearing apart of the Constitution, or mandated change upholding the law and Constitution.  With Pluto it’s always about transformation, one side or the other, but never in the middle.
   Karen Starich

By Karen Starich

US Dollar and Gold – Breakout Coming
In my May 10th update I highlighted the Mars transit at 28 degrees Aquarius as the signature for a financial black hole Astrology Update May 10, 2020.  The market bounce took a sudden reversal on May 11th – a sign that the stability of the financial sector and recovery is in question.  On May 11th – PNC announced the sale of its 22% stake in Blackrock.  Nancy Pelosi also stepped in and introduced another bill requesting Congress to approve an additional 3 trillion in stimulus.  In my view, the May 11th Mars transit, albeit short,  is important to note as a punctuation to an  important event that is a warning for the future.  The circumstances of the financial sector have not changed since May 11th. The Senate has yet to approve the bill and it looks to be getting some push back.  Last week I outlined the potential for war and the very rare Metonic series of solar eclipses at  0 degrees Cancer that initiated on June 21, 2001 Astrology Update May 17, 2020.  The second eclipse at 0 degrees Cancer will occur on June 21, 2020 and then every 19 years until June 21, 2058.  The Federal Reserve natal Sun is 01 degrees Capricorn, which means these eclipses will occur opposite the natal Sun position of the Fed chart.  A solar eclipse opposite a natal Sun is very debilitating and has a weakening effect.  The eclipse is also on the Cardinal Cross of world power and war, which means that in addition to its debilitating impact on the Fed, it will also wreck some havoc on the world scene with regard to currency trends and gold.  After all, the Sun rules gold!
Gold
Chaos is very likely in the Gold futures markets.  At the beginning of May the North Node transit at 0 Cancer was a prelude to the solar eclipse mentioned above.  The North Node transit coincided with an unprecedented dysfunction between the gold paper contract and physical price and caused a significant divergence, essentially there was no price discovery.  Huge losses hit the clearing houses and market brokerages, among them Interactive Brokers.  The CME group moved quickly to secure a 7 billion line of credit with the option for 10 billion to cover future losses in the event a Comex member should default.  If gold prices continue to move higher the counter party risk of defaults may well play out if the paper contract holders lose faith in the system and want physical delivery of gold.   The London and Comex trading platforms could very well get broken apart.
Next week I believe we will get a hint of what to expect going forward for Gold.  Near May 27th-28th and June 1st – watch for gold prices to move higher and news regarding increased demand for delivery – potential losses from Comex trading partners and futures traders.  It may just be news regarding concerns at this point, but listen closely – the threat of a break up is real.  June 10th – 13th – watch for gold to move higher.  Near June 15th and July 1st watch for demand for physical gold to accelerate – the situation is escalating here.

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By Michael Adams

How happy are you with your mortgage? Even if it’s been some time since you gave it a second thought, there are compelling reasons to compare the current contract with what you could lock in by refinancing it.

This is true even if you’re not in the best place financially. There are a number of providers who can help with a Toronto bad credit mortgage deal that could be right for you. If any of the following would help strengthen your position, it’s worth the time and effort needed to make the comparison.

Lock In a Better Interest Rate

Take a look at the type of interest rate you could get if you refinanced today. Does it compare favorably with the fixed rate found in your current mortgage agreement? For those who have an adjustable rate mortgage, what would a fixed rate do in terms of reducing the amount of interest you’ll pay over the life of the loan?

Assuming that any costs or fees associated with settling the old mortgage and securing a new one will be offset by the difference, refinancing could turn out to be a lucrative move on your part. You won’t know for sure until you look at the rates and then do some projections.

Restructure Your Existing Debt

You have quite a bit of equity in the home right now. There’s also several debts that you’re in the process of paying off. What if you could refinance the mortgage and tap into that equity to pay off those other debts? Assuming the interest rates and terms included in the refinanced mortgage are lower than what you currently have with those other debts, you stand to save a tidy sum. (more…)