Gold? Only on lower levels

Amsterdam, Finance Television videos 15 Sept 2011

Schogt Market Timing looks at the markets via cycles analysis, technical analysis and financial astrology with which it has achieved 80%+ profitable investment visions since 2009.

Shares update 15 September 2011

(Dutch spoken)  (In the video: “In September it is still too dangerous to make an instep … Chances of new improvement are approaching October 2011– March next year..”) In my latest shares market analysis I already mentioned that in the later part of the year, according to cycles analysis, a correction would be due. So now that we’re there, how do we perceive the markets today?

Cycles analysis

• Shares are now in a time frame in where a revival of weeks or months could commence.

Technical analysis

• The Dow Jones weekly chart is revealing a bearish “Lorusso 5-points negative reversal pattern” with higher highs and lower lows, that is usually when a bigger decline is due to commence;
• Strong support is at 1050 in the S&P and 10.600 in Dow Jones

Financial Astrology

• Heavy weight indicator Jupiter through the zodiac, has shown more rising potential from 2010 – July 2011. The markets in the US made two secondary highs in July.
• This heavy weight positive indicator will return 7 October 2011 - 7 march 2012! So this may be a chance for new improvements then.
• September may be very dangerous as series of unexpected events may occur from 27 September until and through 29 September, events that no one expects (ecxept readers of financial astrology reports) and that will rock the financial boat and come as a big shock, lead to panic reactions leading to big price moves that may be retraced just as quickly when the energy starts to subside.

Euro/Dollar
The currency couple has broken below the low of July and the low of May and can therefor be considered to be in bearish mode for the coming months. Presently it is aimed to make a 1-3 weeks correction upward, probably it will end below the 1,4500 resistance and then start a first decline of many - leading to lower lows. Targets are 1,2000-1,2500, and may be lower.
 

HOT TIP 15 September 2011

'Gold? Only at lower levels'(Dutch spoken)

Schogt Market Timing looks at the markets via cycles analysis, technical analysis and financial astrology with which it has achieved 80%+ profitable investment visions since 2009.

The precious metals market is showing us via the methods that we use that it may come down in the next weeks – months. May be even below 1794, 1700, possibly towards 1630 or even 1450. Lower levels are also possible. The fundamentals are the key that can turn this vision upside down and useless, if it hits.

As investors we are positive about precious metals for the longer term and we’re always looking for buying opportunities. Based on what is mentioned above we especially want to look for buying opportunities from 15 September – 9 October.

Cycles analysis

Gold may tend to make a correction after approx. 3 years of growth starting at $ 680 it is possible that we’re looking at $ 1450 or even lower if it can manage to correct 38%. Even larger corrections are possible (although not likely) which could bring lower levels of course.

Technical analysis

The chart above is showing a so called “Lorusso 5-points reversal pattern”, named after expert analyst Lorusso. Higher highs and lower lows are usually a forerunner of a new bearmarket approaching. Also the stochastics were weaker in August-September while prices were making new highs – this is also a bad omen for the bulls.

Financial Astrology

Financial Astrology sees Silver and Gold doing less good from 15 September – 9 October.

So what to do now?

Investors who consider to buy Gold and /or Silver may look to do it between now and 9 October, at a lower price than the $ 1794.80 (the lowest low in the December contract at 13 13 September). If it breaks below the support of $ 1700, then it may go towards $ 1620 or even $ 1450 or lower. If however at any moment Gold would rise to above that record high of $ 1923.70 in the December contract, then our strategy is negated as fundamentals are more important and if that happens, one can buy at the outbreak. In this case Gold may win $200 or more easily in a wink of an eye / just a few weeks, is our estimation.

Which products would you choose?

Consider (according to your experience and risk allowance)

• (mini-)futures Gold and/or Silver
• ETFs in mining indexes or baskets of mining companies such as GGGG, Global X Pure Gold Miners ETF. This ETF images the price change of10 top mining companies.
• ETF in a basket of Gold explorations: more risky and higher profit opportunities. Such as GLDX. If one Apple in this basket turns out to be a big grower the gains may be high (compare it with Apple, that started out in a garage)… - or of course, it could mean a loss also, so this is only for small parts of one’s portfolio.

Happy trading!

Workshop Financial Astrology 24 September 2011 in Amersfoort, Dutch spoken. We still have room for a few more people! Read more here>>