Wednesday, November 9, 2011

GLD In a Wolfe Wave

GLD, the Gold ETF, is in a fairly well formed Wolfe Wave and points to a move down.

Currently this forecasts a value around $163 near the end of Nov '11.

2 comments:

  1. Could the market form a low on 14th or 15th? Saturn enters Libra on Monday which could form a very negative aspect....? Also, could the Nov 16th Jupiter Mars trine outshine the Sun Saturn aspect with the Sun entering Scorpio? I am wondering if we get a low around the 14th or 15th, with a rally that kickstarts on the 16th into Nov 28/29th?? with choppiness of course.... Or do we fall into the 18th or so...

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  2. I'll post a couple of charts on my thoughts of a low. On Saturn, it's been in Libra for a number of months and is currently at 23 degrees, 32 minutes of Libra. The Sun will already be in Scorpio and is not forming a major negative aspect to Saturn. Mars will be trining Jupiter on Nov 16 and in fact will be in a grand trine with Pluto. Pluto being the ruler of debt, Jupiter being the ruler of banks and Mars adding lots of combative energy. Something should be brewing in the Nov 14-16 time frame and a number of forecasters have it as a low. I'm looking at Nov 18 as a low. I'll post a chart.

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