Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
Coinbase vs Binance for Bitcoin, Ethereum Crypto Trading & Investing During Bear Market 2021 - 11th Jun 21
Gold Price $4000 – Insurance, A Hedge, An Investment - 11th Jun 21
What Drives Gold Prices? (Don't Say "the Fed!") - 11th Jun 21
Why You Need to Buy and Hold Gold Now - 11th Jun 21
Big Pharma Is Back! Biotech Skyrockets On Biogen’s New Alzheimer Drug Approval - 11th Jun 21
Top 5 AI Tech Stocks Trend Analysis, Buying Levels, Ratings and Valuations - 10th Jun 21
Gold’s Inflation Utility - 10th Jun 21
The Fuel Of The Future That’s 9 Times More Efficient Than Lithium - 10th Jun 21
Challenges facing the law industry in 2021 - 10th Jun 21
SELL USDT Tether Before Ponzi Scheme Implodes Triggering 90% Bitcoin CRASH in Cryptos Lehman Bros - 9th Jun 21
Stock Market Sentiment Speaks: Prepare For Volatility - 9th Jun 21
Gold Mining Stocks: Which Door Will Investors Choose? - 9th Jun 21
Fed ‘Taper’ Talk Is Back: Will a Tantrum Follow? - 9th Jun 21
Scientists Discover New Renewable Fuel 3 Times More Powerful Than Gasoline - 9th Jun 21
How do I Choose an Online Trading Broker? - 9th Jun 21
Fed’s Tools are Broken - 8th Jun 21
Stock Market Approaching an Intermediate peak! - 8th Jun 21
Could This Household Chemical Become The Superfuel Of The Future? - 8th Jun 21
The Return of Inflation. Can Gold Withstand the Dark Side? - 7th Jun 21
Why "Trouble is Brewing" for the U.S. Housing Market - 7th Jun 21
Stock Market Volatility Crash Course (VIX vs VVIX) – Learn How to Profit From Volatility - 7th Jun 21
Computer Vision Is Like Investing in the Internet in the ‘90s - 7th Jun 21
MAPLINS - Sheffield Down Memory Lane, Before the Shop Closed its Doors for the Last Time - 7th Jun 21
Wire Brush vs Block Paving Driveway Weeds - How Much Work, Nest Way to Kill Weeds? - 7th Jun 21
When Markets Get Scared and Reverse - 7th Jun 21
Is A New Superfuel About To Take Over Energy Markets? - 7th Jun 21
Why Tether USDT, Stable Scam Coins Could COLLAPSE the Crypto Markets - Black Swan 2021 - 6th Jun 21
Stock Market: 4 Tips for Investing in Gold - 6th Jun 21
Apple (AAPL) Summer Correction Stock Trend Analysis - 5th Jun 21
Stock Market Sentiment Speaks: I 'Believe' We Rally Into A June Swoon - 5th Jun 21
Stock Market Russell 2000 After Reaching A Trend Channel High Flags Out - 5th Jun 21
Money Is Cheap, Own Gold - 5th Jun 21
Bitcoin and Ravencoin Cryptos CRASH Bear Market Buying Levels Price Targets - 4th Jun 21
Scan Computers - How to Test New Systems CPU, GPU and Hard Drive Stability With Free Software - 4th Jun 21
Hedge Funds Getting Bullish on Gold - 4th Jun 21
THERE ARE NO SOLUTIONS When the Media is the VIRUS - 4th Jun 21
Investors Who Blindly Trust the ‘Experts’ Will Get Left Behind - 4th Jun 21
US Stock Market Indexes Consolidate Into Flagging Pattern – Watch For Aggressive Trending Soon - 4th Jun 21
Microsoft (MSFT) Stock Trend Analysis - 3rd Jun 21
No More Market Bloodbath – Beyond Cryptos - 3rd Jun 21
Bank run, or run from the banks? - 3rd Jun 21
This Chart Shows When Gold Stocks Will Explode - 3rd Jun 21
The Meaning Behind Gold’s Triple Top - 2nd Jun 21
Stock Market Breakout Or Breakdown – What Does The Next Big Trend Look Like? - 2nd Jun 21
Biden’s Alternate Inflation Universe - 2nd Jun 21
What You Should Know Before Buying Car Insurance - 2nd Jun 21
Amazon (AMZN) Stock Summer Prime Day Discount Sale - 1st Jun 21
Gold Investor's Survival Guide - 1st Jun 21
Silver and Copper to Benefit from Global Electrification Push - 1st Jun 21
Will Gold Shine Under Bidenomics? - 1st Jun 21
Stock Market Buy the Dip, Again?! - 1st Jun 21
Stock Market Consolidation Ahead - 1st Jun 21
Stock Market Summer Correction Review, Crypto CRASH, Bitcoin Bear Market Initial Targets - 31st May 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

More Wild Swings Ahead For Stock and Gold Markets?

Stock-Markets / Stock Markets 2015 Dec 06, 2015 - 11:27 AM GMT

By: Richard_Cox

Stock-Markets

Last week saw the SPX drop more than I thought it would (Dec 3 has been on my radar for a couple of weeks, the 7 week low) on the Drahgi speech that strengthened the Euro vs. the Dollar causing gold to spike. The short euro/$ pair was too heavily tilted in that direction causing a reverse of positions.

The stock market's "come back" on Friday did not surprise me, however, gold's strong spike caught me off guard. The recent action in GDX has been corrective, but in E-wave terms it is turning out to be a 'rare' running correction. I have been looking for a gold low on December 2nd, but this kind of move off a bottom is rare.


Cycle-wise, we are due for a pull back into Tuesday for both gold and GDX (GDX is running 9.5 TD's on the 8 TD cycle, and gold hits 8-1 TD's on Tuesday and 8+1 on Thursday possible lows for gold). A running correction pulls back to the area of the previous top and that is 14.06/.07 on GDX. GDX showed weak buying on Thursday and was obviously catapulted up by gold's strong performance Friday.

The week ahead is fraught with peril as we see Mars (in Libra) opposing Uranus (in Aries) on Dec 10. Mars = Aggression, Hate, War, Explosions. Uranus = Agitation, Surprises, Radical, Shocks, Internet, Disruptions. Aries is Mars' home planet. I see gold bottoming on Dec 10 and rising into Dec 16. Last time I saw gold do this was right before the market crashed in August. GDX should bottom Tuesday and go up strongly into Dec 15 (especially Friday the 11th, Monday into Tuesday Dec 15). War is peace. I see gold up from next week into the following. GDX has a target of $15.70 on Dec 15 after tagging support @ 14.06/.07 Tuesday.

The moon is in Scorpio Wednesday and turns to Sagittarius on Thursday and Friday on the new moon = A spike low, wild, exaggerated reactions both up and down (the sun is also in Sagittarius adding to the swing intensity among other aspects). An SPX top (2119? Dec 9 wave [c]) on the Sun Trine Uranus Dec 8-9 (Recognition that all is well after a sudden Tuesday drop?) should afterward see a sudden drop into early Friday only to reverse to near even. There are Bradley turns due Dec 7 and Dec 11. Dec 6th, Mars sq. Pluto = Investigations due to recent terrorist activities, people demand answers, the stock market tops on wave [a] near 2107 Dec 7, GDX reverses, gold down. Dec 7 and 11 SL turns. Dec 7 CC turn. The stock market and gold both go down into Tuesday wave [b].

Dec 11 Venus trine Neptune & new moon = sudden plunge in stock market perceived to be a buying opportunity, (could it be overdone because of another terrorist attack the night of Dec 10? Or what else could cause it?) Mars is still in Libra, war is peace.

The best I can say for Dec 14-18 is that more selling should occur Dec 14, then up again into Dec 15 (4 TD top) only to reverse hard into Dec 18th. Downside minimum SPX 1988 (.50 fib), medium 1960 (.618 fib), maximum hard down 'b' wave like we just had taking out under the .618 retracement at 1960. My best guess is SPX 1960. GDX plummets with the stock market Dec 15-18.

Going into the New Year: GDX makes new low January 6 near Mercury retrograde, gold's bottom already in for this move. Gold is still in a bear market. After Dec 18 low, a massive year-end SPX rally takes us up to near new highs (2134 DEC 31?). More SPX selling is due in January into early February, time for gold and GDX to shine.

Obviously, the FED will be raising rates Dec 16 (otherwise why would the stock market tank???). A lot of people don't think they will: The Boy Who Cried Wolf.

S&P500 Hourly Chart

GDX Daily Chart

The above forecast is subject to change as the markets change. I use e-wave, cycles and astrology along with technical indicators to guess what the markets might do. I trade the markets not the forecast.

Recap: Be careful with the stock market's attempt to make a new recovery high next week. Regardless of cause, the market is "flat out" going to plunge below the Nov 16 low this month. As I have warned three weeks ago up until today, unfortunately, more terrorist activity could be in the fray. The dates December 10-11 and through the weekend next week look perilous. Mars in Libra opposite Uranus in Aries is foreboding. I hope I am wrong. I like gold over GDX until early January. I believe gold and GDX will be better buys in early January. I believe we see a massive year-end rally in the stock market, with more choppy selling from January into early February.

Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The subscription website is www.blustarmarkettimer.info
BluStar Market Timer offers auto-trading for those who don't have the time or inclination to trade their own accounts.

Brad Gudgeon
Editor of The BluStar Market Timer

www.blustarmarkettimer.info

The BluStar Market Timer was rated #1 in the world by Timer Trac in 2014, competing with over 1600 market timers. This occurred despite what the author considered a very difficult year for him. Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The website is www.blustarmarkettimer.info To view the details more clearly, you may visit our free chart look at www.blustarcharts.weebly.com Copyright 2015. All Rights Reserved

Copyright 2015, BluStar Market Timer.  All rights reserved.
Disclaimer:  The above information is not intended as investment advice.  Market timers can and do make mistakes.  The above analysis is believed to be reliable, but we cannot be responsible for losses should they occur as a result of using this information.  This article is intended for educational purposes only. Past performance is never a guarantee of future performance.

Brad Gudgeon Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in