• 5 hours How Taxpayers Are Bankrolling The EV Revolution
  • 1 day The Coronavirus Is Crushing China’s Car Market
  • 2 days Fighting For Survival In The Streaming War
  • 3 days Want A Job? Forget About A Bachelor’s Degree
  • 3 days Another Major Car Maker Is Backing Hydrogen
  • 4 days Are Americans Finally Sold On Soccer?
  • 4 days Is The Tech Bubble About To Burst?
  • 5 days Coronavirus Could Cost Tourism Industry $80 Billion
  • 5 days What Web Traffic Trends Can Tell Us About The World
  • 5 days Miners Face Greater Headwinds
  • 6 days Boris Johnson Proposes Billion Dollar Bridge To Northern Ireland
  • 7 days Goldman Slashes Oil Price Forecast By $10
  • 8 days Tesla Raises $2 Billion In Share Selloff
  • 9 days What The T-Mobile Takeover Of Sprint Really Means For Markets
  • 9 days The U.S. Has Charged Huawei With Racketeering And Conspiracy
  • 9 days How Hydrogen Could Become The Fuel Of The Future
  • 10 days Millennials Can’t Retire, But They’ll Still Have To Help Their Parents
  • 10 days This Gold Miner Just Increased Its Dividends By 40%
  • 10 days Airbnb IPO Under Threat As China's Economy Drags
  • 11 days The Infamous Equifax Hack Just Became A National Security Issue
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Brad Gudgeon

Brad Gudgeon

BluStar Market Timer Investment Philosophy: The stock market is currently in a technical Elliott Wave Bear Market Rally. It has been exhibiting A-B-C type waves…

Contact Author

  1. Home
  2. Markets
  3. Other

Stock Market Warning Signs, Gold Bounce Due

All year, I have been looking for an important bottom in the stock market around the end of November. The 40 week cycle low is due to give us at least an 11% shellacking and we have not seen one yet. I believe November 29th to December 5th may be the dates that will give us that drop.

Short term we are also due for a pullback, probably into November 21-22 of about 1½ to 2% off the top on Friday. Friday posted an evening star reversal sign.

Gold made an irregular bottom on Friday, with huge positive divergences. GDX did not make a new bottom, also, creating an inter market bullish divergence.  We may see a huge spike up Monday and Tuesday, in the precious metals and GDX, as the stock market falls.

On the astro front, we are running into a plethora of reversal signatures coming up all together forming a cardinal T-square on the 29th. I discussed some of these aspects a few posts ago (I hope it is not an internal power coup, but a money play, like perhaps the Chinese devaluing the yuan that causes the expected downdraft: Venus square Uranus on the 29th gives us some hint of that).

Heliocentric Mercury in Sagittarius (November 5-16) dropped the PM’s down hard; now we have Geocentric Mercury in Sagittarius (November 12-December 2) and the Sun (rules gold) joining in Sagittarius on November 21 (with the moon in Leo), which means a strong move up initially and should generally remain strong into December 2 for GDX and into December 5 for gold, itself.

S&P500 Daily Chart
Larger Image

VanEck Vectors Gold Miners ETF 2-Hour Chart
Larger Image

SPDR Gold Trust 2-Hour Chart
Larger Image

I have a current special on my website that will help you take advantage of the SPX, GDX and Volatility all for the price of one subscription. Looks like big moves directly ahead!

 


Go to www.blustarmarkettimer.info for more information.
We are now on LinkedIn, Facebook, Google+ & Twitter

 

Back to homepage

Leave a comment

Leave a comment