Potential for a golden bounce

Randall Ashbourne, an associate of Astrological Investing, posts a weekly market report on his web site, theidiotandthemoon.com The following is this weekend's Eye of RA report: Week beginning December 2, 2013

Mars in Libra has a tendency to drive gold prices

America and Germany push to new highs. Again. Pretty much alone. Still.
Very little changed, which isn't odd with Wall Street effectively in Thanksgiving holiday mode from midweek.

What might have changed is gold. We'll have a closer look at that in the main part of this weekend's edition.

This week kicks off with the Sagittarian New Moon. The Moon in Sadge almost always signals a couple of wide-range days for stocks; usually up, but if the fear mode gets exaggerated ...

The Sun is already in Sagittarius and it'll be joined in the sign midweek by Mercury.

But it's the Mars move to Libra, which gets underway next weekend, that's the really volatile astrological signal for months ahead.

Mars takes a couple of years to travel the full zodiac, which means it normally spends only 6 to 8 weeks in each sign. Not this time. Because it'll be going Retrograde, Mars will be in Libra for 7 months.

Traditionally, Mars is in its detriment in Libra. Without any negative meaning at all, Mars is THE Self-ish planet. It's all about Ego and aggro.

And Libra isn't. It's sugar and spice and all things nice. So, astrologers tend to think Mars in Libra is a woosie pussy. It ain't so.

Mars in Libra simply has better table manners. Operating at its best symbolism, the Libran Marshun is a charming diplomat who can diffuse difficult situations with a gentle touch, a warm smile and a genuine drive to find co-operative solutions which are fair to everyone.

Oh, yeah! Looking forward to that little love fest between Barack, Bachmann and Boehner.

As soon as he enters Venus's territory, the Old God of war sets the scene for a Cardinal Grand Cross, the most highly-charged of all astrological aspects.

We will have Uranus in Aries, Jupiter in Cancer, Mars in Libra and Pluto in Capricorn.

Uranus in Aries = demands for radical reform and armed rebellion against the ruling elites.

Jupiter in Cancer = exaggerated defence of home, homeland and security.

Mars in Libra = smiling aggression, but aggression nevertheless, aimed at fighting for fair and equitable outcomes.

Pluto in Capricorn = the plutocrats prepare to raze the peasants' hovels and salt their fields if they don't pay their taxes and turn a blind eye to the elite's overwhelming desire to preserve the status quo and retain control of government and the "Establishment".

Since all four Cardinal signs are action signs, the next few months will be the last chance to resolve some of these debt/tax/power issues amicably. Mars in Libra can be the ultimate smoothy. But, he's still Mars ... still the Old God of war.  Gee,Zeus ... let's hope these issues actually do get settled before Mars moves into ... gasp*shock*horror ... Scorpio!!!!

Some people believe the Romans used to specifically select soldiers with their natal Mars in Aries to lead assaults. It's not true. The generals wanted shocktroopers with Mars in Scorpio. No retreat. No surrender. No mercy.

But, but ... we're not really here for tall tales of olden times.

Mars in Libra has a tendency to drive gold prices. They can be very volatile periods, even during Mars' short runs through the sign. This time, he'll be there for months.

I indicated last weekend that gold made its last pronounced high during a Venus-Jupiter aspect and that there was some potential for last week's Venus-Jupiter opposition to bring in a sustainable low.

It is possible that's the case. But, it's not without danger. In Forecast 2013, I introduced planetary charts for gold for the first time. It tends to travel within Sun channels between Pluto stations. Last week, it just may have caught a break from a rising Sun line close to the mid-1200 Pluto line.

Using the non-Spooky technical tool of Fibonacci Retracements, gives us another reason to consider being Long on gold or the miners. Price has been making an effort to hold the line at a 764 Rx level.

Two of our oscillator "Birds" like the action and are suggesting more northside movement is probable ... the fast green and the medium red. Big Bird, the blue, also seems to be starting to sing a little more sweetly.

The danger is that gold remains in a confirmed downtrend ... and the channel chart below shows it has a lot of work to do before we could be reasonably certain that a sustained and long-term new uptrend has started.

However, within that down channel, there is another sign of potential improvement. On a weekly basis, the price has again breached the bottom of the Bi-BBs. If you've read The Technical Section of The Idiot & The Moon, you'll know this has a tendency to either stall the current trend, or turn it the other way - even if only temporarily.

The midnight cowboys continue to conduct big downside trades in the wee hours and that danger will continue until gold recovers enough to undo all the technical damage.

But, for the adventurous, it could be worth considering the bounce. You most certainly need a Stop Loss!! However, the weekly Bi-BB chart and the planetary and Fibonacci daily charts earlier, show the upside targets.

Safe trading - RA

Astrologicalinvesting.com note:  Randall Ashbourne's Forecast 2014 will be available to purchase in January 2014 at 
www.astrologicalinvesting.com  as well as www.theidiotandthemoon.com 

Astrological Investing's associate, Randall Ashbourne, author of the eBook, The Idiot and The Moon, and The Idiot and the Moon, Forecast 2013, writes a free weekly column titled, The Eye of Ra on his web site in  which he explains the potential impact of astrological aspects and the current state of technical conditions. Ashbourne's charts are revealing illustrations of exactly what has occurred in the market and the probability of what to expect.
Randall Ashbourne's Forecast 2014 will be available to purchase at www.astrologicalinvesting.com/html/shop.htmlwww.astrologicalinvesting.com  as well as www.theidiotandthemoon.com 


(Disclaimer: This article is not advice or a recommendation to trade stocks; it is merely educational material.)
Copyright: Randall Ashbourne - 2011-2013