Fundamentally, with the debt problems in Europe and the US, PM’s should be attracting more buying. This may be true in the very short term, however, some cycles (see 21 and 34 month cycle charts) and price action are pointing to a potential decline. There are also some potential Astros dates stretching out from now to Sept 16.
We’ve been following this chart for a number of posts now. Silver is now following the heliocentric Jupiter price line which is also on the Fibonacci 38.2% retracement of the move down from April 25 to May 12. Watch for a break either above or below this line.
The following weekly Gold chart shows the 21 month (red lines) and 34 month (blue lines) cycles. The green line is simply red + blue or the two cycles hitting at approx the same time. As this is a weekly chart and monthly cycles one can’t pick a date based on the cycles so we will use Astros to try and pick dates which will coincide with a reversal in PM’s
The dates are:
Aug 16, 17
Aug 23, 24
Aug 26-30
Sept 13-15
Looking at the daily Gold chart included in a prior post Gold did not stop at the middle fork (green) but vaulted upward to the upper fork and has pulled back a bit. Let’s watch the above dates for a reversal. Volume seems to be pulling back a bit as well.
Keep in mind if we do get a significant pullback in PM’s the long term trend is up and the pull back will be a buying oppourtunity.
Stocks - Summary
Aug 16,17 volatility
Aug 24-26 low
Aug 29 reversal up or Sept 2-6
As far as stocks are concerned we got the volatile ride we were expecting with Mars translating the Uranus Pluto square. Uranus and Pluto will now slowly be separating but will make exact waxing squares seven time from June 2012 through March 2015. This aspect with Jupiter on the downside of the Jupiter Saturn cycle spells continued economic problems and dramatic if not shocking changes to any socio-cultural structures that are obsolete or in need of reform. Pluto also rules debt so the current world-wide debt problems should continue. On the positive side this period should give birth to many new inventions and discoveries. There benefit to society may not be evident until well after the cycle waxing square is completed.
The following daily chart of the SP500 shows the Fibonacci time relationships for the move down from Oct 10, 2007 to March 6, 2009. August 24 is 1.764 of the move.
It should be pointed out August 23 is also 30^2 from the March 6, 2009 low. Previous squares in this sequence have been both highs and lows, so watch the Aug 23/24 dates closely to see what is forming in that time frame. There is also a longer term Saturn Sesquisquare Neptune on Aug 24. That by itself is negative but a very long term transit and therefore effects the whole period (i.e. weeks) around this date. This energy should equate to worry and possibly paranoia. This could also be a period of scandals, rumours and false accusations. It needs a faster moving planet to set it off. Interestingly the next day Mars squares Saturn which may set off this negative energy.
In the same period, Aug 26, Mars is 1/2 way through Cancer. This often relates to turns in the markets.
Coming up this week is we have
Aug 16 Venus, Mercury and Sun conjunction (see previous post re: superior and inferior conjunctions) and Aug 17 Mars is on the July 1 point of the Solar Eclipse. I'm expecting more volatility but not as great as what we recently seen.
As debt is the underlying problem in the markets and Pluto rules debt we may get some relief with Venus and the Sun trining Pluto on Aug 25 and Aug 28 respectively.
Retrogrades
There are two retrograde dates coming up. Mercury goes direct on Aug 26. This may have an effect over a longer period than normal as close to the direct date Mercury is Sesquisquare (135 degrees) Uranus. Mercury's apparent motion is very slow around a retrograde or direct date. Expect a sudden change in the markets close by Aug 26 but not necessarily on that date. See my July 30 post and the graphic ephemeris for a picture of the Mercury retro and Sesquisquare Uranus.
On Aug 30 Jupiter goes retrograde. Like many retrogrades there is a beautiful symmetry to Jupiters retros. After Jupiter turns retrograde, there is always a trine to the Sun within 6 days; and within 6 days before retrograding Jupiter turns direct, there is also a trine to the Sun. Jupiter retrograde is when the things we think we need but aren't really adding to our growth, are somehow removed from our lives. The Jupiter Trines the Sun on Sept 2. If the markets have not changed direction by Aug 30, Jupiter retrograde, then watch Sept 2 the trine date. As this is the holiday weekend look to Sept 6th. The Jupiter retro could mark the top in Gold if it hasn't corrected already.
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