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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • Market Astrology: Gold Update 0 comments
    Dec 16, 2011 1:31 AM | about stocks: GLD, SLV

    The following is by Karen Starich, who uses astrology to forecast events in the financial markets. Check out Astrology Traders for specific dates and in-depth analysis of future events in the various markets she covers.

    Even though I predicted the gold collapse in my Astrology Traders service, It is still shocking to see the slide.  The signature of a correction is easily found in the Federal Reserve chart. The government really does not want investors to buy it and will continue to create disturbing corrections.  Pluto in Capricorn (Saturn rules Capricorn and gold) into 2024 suggests an ongoing covert operation of the governments to control gold.  For many gold bulls the liquidation carries a strong disappointment and consternation regarding the stability of the price in the short term.   Going forward the gold bulls are going to kick in gear to stabilize the price however the metal will be blocked and restricted for quite some time.

    1st stop should be 1400 level after some lower highs

    My warning is: most likely another very harsh blow is coming for gold.  If you own physical gold, you can hedge it with a short position in paper and then buy on the next big drop.

    I invite you to try Astrology Traders risk free before the price increase after the new year.

    Stocks: GLD, SLV
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