The following is an exclusive excerpt from the Astrology Traders newsletter dated January 13, 2013. Jeff Pierce technical analyst, and Karen Starich financial astrologer, combine both techniques to carve out the market trend and timing for investments. With unprecedented results for the precious metals sector, Astrology Traders offers clear and accurate analysis that cuts through the media narrative.
In the October 28th update I advised that Gold and silver could see a rally November 6th-23rd 2012 and then experience weakness into December 23, 2012. In the December 22nd update I advised caution for a potentially more severe pullback, particularly for gold, beginning January 2nd. These events have played out and I have also stressed that there could be pressure on gold into the end of March.
This week I want to add some additional thoughts regarding the recent price moves for the metals. The move on January 2nd and 3rd may have been intended to drop the gold price below $1600–that did not happen. In my view going forward this is positive for gold, however, Saturn is moving slow and will retrograde in February which could continue to hinder the metal. Gold may have a more bullish move setting up toward the end of March. Pluto at 10 degrees Capricorn is positive for mining, so even if gold may seem stuck the miners may start to look bullish.
I want to highlight January 19th and March 20th as critical dates for gold.
Silver may have a different story. Beginning January 15th and particularly strong on January 28th we could see silver make strong advances. There may be industrial purchases for silver in addition to public buying that drives prices beginning next week. Silver looks powerfully bullish in the astrology after March 25th and all the way into the end of 2013.
I did mention several dates in earlier public article on Gold Silver Worlds as well: Financial astrology – Metals Under Accumulation.
Silver Wheaton Corporation (SLW)
The recent pullback in gold and silver January 2nd and 3rd was more harsh for gold and may have been intended to break the price below $1600. Silver held near $30 and has continued to consolidate near $30. Recent demand for silver is increasing. On January 7th the U.S. mint sold an all time record of just over 3.9 million 1 oz silver coins in one day! The demand for silver coins may continue and possibly grow. The miners may start to recover some momentum and I like Silver Wheaton at current levels. Jeff wants to see SLW break out of the smaller wedge and tells me there is a risk now that could pull the stock lower into the bigger wedge. With the consideration of the astrology mentioned above I believe we could see the break above the smaller wedge in the short term. consider scaling into SLW at current levels and if the stock pulls back.
This is an excerpt from the Astrology Traders subscription newsletter dated January 13, 2012. Jeff Pierce technical analyst, and Karen Starich financial astrologer, combine both techniques to carve out the market trend and timing for investments. Together they provide a clean and easy to follow investing strategy for traders who want the timing and the edge in the markets. With unprecedented results for the precious metals sector, Astrology Traders offers clear and accurate analysis that cuts through the media narrative.