Prognosis: More Selling On The Way
Gold and silver took another beating today and all my chart views point to more weakness. Maybe the $400 level will provide some respite from the selling but I wouldn’t bank on it. When gold bugs start dumping their metals it normally gets a whole lot uglier before it gets better.
Here’s what Karen has to say about the Astrology for Gold:
From the standpoint of the astrology the metals will most likely move up from here but there is something about the miners that is different. Hades (represents miners) is moving into the 0 degree of Cancer on 4/17 and will conjoin the Fed Pluto and oppose the Fed Sun. This is the signature of a tug of war and there is a war brewing with the miners and the bankers. Paper money vs gold and silver, with the miners holding the cards since they can withhold supply and cause prices to move higher. The banks are the printers of money and are doing unscrupulous short selling of certain miners, very vicious and better to stay out of the cross hairs.
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