By Karen Starich
The red metal may get a little boost with a rare aspect from transiting Mars (copper) in Aquarius sextile Uranus (electricity) in Aries. The two planets are transiting each other sign which is called mutual reception. The influence could cause a sudden shift that is bullish. January 2nd could be very telling if there is a move higher. We may see an acceleration of copper prices again near January 11th.
The sextile aspect will only last a few days however the nature of the mutual reception brings a lasting mark that could indicate a new industrial growth cycle. Does billionaire George Soros know a shift is coming? Soros is one of copper producer Freeport-McMoran's (FCX) biggest fans, upping his stake over 200% last quarter. (Five Long ideas from George Soros)
The following is by Karen Starich. Karen uses astrology to forecast events in the financial markets and Jeff Pierce adds in the technical picture for the stocks in focus. Astrology Traders provides specific dates and in-depth analysis of future events for the financial markets through weekly updates, trade alerts, and educational webinars.