• 3 days The EU Begins Backtracking On China Trade
  • 4 days Americans Are Sick Of Unfair Taxation
  • 6 days No Jab, No Job: The New Hardline Policy of U.S. Employers
  • 8 days What’s Included In Biden’s $6 Trillion Economic Plan?
  • 9 days The “Great Car Comeback” Brightens Oil Demand Outlook
  • 10 days The 3 Most Profitable Covid-19 Vaccine Stocks
  • 12 days Beijing Launches Digital Currency To Break AliPay-WeChat Duopoly
  • 13 days The New Economic World Order After Covid-19
  • 17 days 3 Signals To Watch For A Stock Market Correction
  • 19 days Netflix Earnings Red Alert: Subscriptions Could Underwhelm
  • 20 days Wall Street Banks Are Back
  • 20 days Elon Musk’s SpaceX Scores Big Win Over Jeff Bezos’ Blue Origin
  • 21 days Which Country Is The World’s Largest Investor In Batteries?
  • 22 days Are Bitcoin’s Environmental Risks Overblown?
  • 23 days Why The Gold Rush Ran Out Of Steam
  • 25 days Coinbase IPO Explodes, But Fails To Keep Its Momentum
  • 26 days China Slaps Alibaba With Record $2.75B Antitrust Fine
  • 27 days The Pandemic Has Culled The Middle Class
  • 28 days Legacy Automakers See Massive Spike In Sales
  • 29 days Tesla's Biggest Competitor Is Going Cobalt-Free
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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…

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