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.
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