HI Pzy5to
Thank you so much! I do think we retrace on gold to around 1080 before resuming their march higher ;-D
I am long TLT for next week as it’s due for a nice bounce according to my charts Thanks for the update on Mahendra!
Much appreciated 🙂
All my signals say short now. The EPS says short now. It’s all lined up, just like 10 times before this… and yet my signals, I imagine, are 100% not going to work properly. Therefore, I truly think It has to be a long.
Hello Red/Anna, Thanks for the great blogs. About Anna’s GOLD short, I trust her more than Mahendra! Check out what he posted about the metals and the Markets, man I am confused.!!! You guys/gals have it right, trade what you see and use stopps. Regards, pzy5t0
WEEK NEWLSETTER FROM 6-10 SEPETMBER
GOLD/SILVER
Last two weeks we were absolutely wrong on metals predictions. During both weeks’ Tuesday (Mars) turnaround occurred in gold and silver prices from their lows. The previous week gold jumped from $1,211 to $1,238 and this week again from $1,233 to $1,251.
Last week gold made high of $1,259 and silver $19.97. It is a big lesson for me because I never gave Mercury that important role in metals’ trends. I hope that from here on I will able to predict far better in metal trends during volatile times.
This week Mercury and the combination of Mars/Saturn will create volatilities so traders should be very careful. This is a warning sign for buyers as well sellers because if buyers don’t book profit then they may miss the big pie and if short sellers go aggressive with high leverages then they can also lose as this week is still quite uncertain. I don’t want to predict anything for this week but in short gold and silver will move both sides aggressively.
Metal stocks will have final laugh before they start falling with metals any time after 15 September.
I don’t want to predict specific of highs and lows during this week (they won’t able to move much higher from last week $1263 and $20.09) but surely I’d like to warn gold and silver traders not to trade big positions at this stage and the best advice I can give buyers is that you should be 100% out from future contract and if you don’t like to go out of 100% then sell all your buying in futures market and buy calls for December or next year so if any drastic fall comes you don’t lose what you made in last few years.
One thing is for sure: gold and silver has very few days left before they correct, and yes they can correct substantially. Sun transit is guiding me that both these metals can fall between 10 to 30% in the next 38 trading days.
For intraday traders in gold/silver – Monday, Thursday and Friday sell on the rises and Tuesday and Wednesday buy on the falls. This week planetary position indicates that from late Thursday 9 Sep metals will start moving down.
HUI index will top out this week around 495 and from her precious metal stocks will move down big.
STOCK MARKET
Last week global markets remained sideways but USA market performed far better and this was a confirming sign for us that in the coming time USA equity market will outperform all major markets. Yes India will be one of the markets which should be following USA market neck to neck. The unfortunate part of the India market is that it doesn’t have many listed companies in alternative energy stock as well as uranium stocks. There are few companies like Suzlon, Indowind, Stone India, Moser Bear, XL Telcome, Pael, Sujana Tower and Websol but USA and China has lot of these companies.
Lately I have not been mentioning Canadian markets but keep in mind they have a large number of listed companies in uranium, lithium, rare metals and alternative energy stocks so surely the Canadian uranium mining sector will be rocking along with alternative energy stocks in coming bubble time.
If you have not, I strongly recommend that you start planning very seriously about the coming bull market of historic proportion, and about the coming bubbles in (alternative energy) stocks. Start preparing a list of these stocks, and start adding them and finish buying these stocks by the end of October.
This week markets will remain positive. Money will keep coming into the markets so we are not recommending shorting stocks. If you’d like to play the short side then buy put options in the markets. USA market has already absorbed the negative trends so far but some weakness will come after 15 October because overall financial market sentiment will get negative but you should be getting ready for buying opportunity during that weakness without thinking too much on the current weak trend. No doubt on Dow touching 42000 and Indian market 48000 in the next five years.
TREASURY BOND
This week bond prices will rebound strongly but the overall trend in the bond market will remain sideways. On the higher side you should be getting out and take selling opportunity but buy during next week as one huge up move is pending in 30 year bonds.
There is a chance that we are playing out some sort of ascending triangle. Usually (70%) they break down, but there is a 30% chance it breaks to the upside.
There’s also an IHS possibly forming, see this chart (not mine):
It was a snoozer as expected. Tradition held up as 9/11 trade brought no selling. Held all my shorts and looking for a dip Monday. Banks should get bad news this weekend. Have a great weekend folks…..
HI Pzy5to
Thank you so much! I do think we retrace on gold to around 1080 before resuming their march higher ;-D
I am long TLT for next week as it’s due for a nice bounce according to my charts Thanks for the update on Mahendra!
Much appreciated 🙂
All my signals say short now. The EPS says short now. It’s all lined up, just like 10 times before this… and yet my signals, I imagine, are 100% not going to work properly. Therefore, I truly think It has to be a long.
I agree with Red. Next week should be down. But then, what’s last weeks title to Red’s blog …”Market manipulation to the extreme.”
One interesting point w/Mahendra. He said late October good buying opportunity w/stocks. And a few other points of interest:
I think you and Gekko exhanged thoughts on the new Wall Street movie being released 9/24
GM Post poned their IPO and will not go public until mid November.
Last, one more AU caution: http://seekingalpha.com/article/224561-gold-is-poised-for-a-big-correction?source=hp_mostpopular
Hello Red/Anna, Thanks for the great blogs. About Anna’s GOLD short, I trust her more than Mahendra! Check out what he posted about the metals and the Markets, man I am confused.!!! You guys/gals have it right, trade what you see and use stopps. Regards, pzy5t0
WEEK NEWLSETTER FROM 6-10 SEPETMBER
GOLD/SILVER
Last two weeks we were absolutely wrong on metals predictions. During both weeks’ Tuesday (Mars) turnaround occurred in gold and silver prices from their lows. The previous week gold jumped from $1,211 to $1,238 and this week again from $1,233 to $1,251.
Last week gold made high of $1,259 and silver $19.97. It is a big lesson for me because I never gave Mercury that important role in metals’ trends. I hope that from here on I will able to predict far better in metal trends during volatile times.
This week Mercury and the combination of Mars/Saturn will create volatilities so traders should be very careful. This is a warning sign for buyers as well sellers because if buyers don’t book profit then they may miss the big pie and if short sellers go aggressive with high leverages then they can also lose as this week is still quite uncertain. I don’t want to predict anything for this week but in short gold and silver will move both sides aggressively.
Metal stocks will have final laugh before they start falling with metals any time after 15 September.
I don’t want to predict specific of highs and lows during this week (they won’t able to move much higher from last week $1263 and $20.09) but surely I’d like to warn gold and silver traders not to trade big positions at this stage and the best advice I can give buyers is that you should be 100% out from future contract and if you don’t like to go out of 100% then sell all your buying in futures market and buy calls for December or next year so if any drastic fall comes you don’t lose what you made in last few years.
One thing is for sure: gold and silver has very few days left before they correct, and yes they can correct substantially. Sun transit is guiding me that both these metals can fall between 10 to 30% in the next 38 trading days.
For intraday traders in gold/silver – Monday, Thursday and Friday sell on the rises and Tuesday and Wednesday buy on the falls. This week planetary position indicates that from late Thursday 9 Sep metals will start moving down.
HUI index will top out this week around 495 and from her precious metal stocks will move down big.
STOCK MARKET
Last week global markets remained sideways but USA market performed far better and this was a confirming sign for us that in the coming time USA equity market will outperform all major markets. Yes India will be one of the markets which should be following USA market neck to neck. The unfortunate part of the India market is that it doesn’t have many listed companies in alternative energy stock as well as uranium stocks. There are few companies like Suzlon, Indowind, Stone India, Moser Bear, XL Telcome, Pael, Sujana Tower and Websol but USA and China has lot of these companies.
Lately I have not been mentioning Canadian markets but keep in mind they have a large number of listed companies in uranium, lithium, rare metals and alternative energy stocks so surely the Canadian uranium mining sector will be rocking along with alternative energy stocks in coming bubble time.
If you have not, I strongly recommend that you start planning very seriously about the coming bull market of historic proportion, and about the coming bubbles in (alternative energy) stocks. Start preparing a list of these stocks, and start adding them and finish buying these stocks by the end of October.
This week markets will remain positive. Money will keep coming into the markets so we are not recommending shorting stocks. If you’d like to play the short side then buy put options in the markets. USA market has already absorbed the negative trends so far but some weakness will come after 15 October because overall financial market sentiment will get negative but you should be getting ready for buying opportunity during that weakness without thinking too much on the current weak trend. No doubt on Dow touching 42000 and Indian market 48000 in the next five years.
TREASURY BOND
This week bond prices will rebound strongly but the overall trend in the bond market will remain sideways. On the higher side you should be getting out and take selling opportunity but buy during next week as one huge up move is pending in 30 year bonds.
SPY Weekend update: CLICK HERE
S&P 500 Weekend update: CLICK HERE
There is a chance that we are playing out some sort of ascending triangle. Usually (70%) they break down, but there is a 30% chance it breaks to the upside.
There’s also an IHS possibly forming, see this chart (not mine):
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808&cmd=show%5Bs206966771%5D&disp=P
If this breaks to the upside, we’ll be at 1130 in no time. Fundamentals? This market doesn’t seem to care.
I see a sell off next week too Robert. Have a good weekend.
It was a snoozer as expected. Tradition held up as 9/11 trade brought no selling. Held all my shorts and looking for a dip Monday. Banks should get bad news this weekend. Have a great weekend folks…..