kstarich (33.08)

Astrology of Gold and Silver-December update- Gold bulls do not be afraid!

December 11, 2009 – Comments (2) | RELATED TICKERS: NG , HL , SVM

Attention gold bears,  This correction will be short so if you are still short you might want to reconsider those shorts or as they say "lose your shorts?"

What is happening in the astrology is just the 3rd. peak of a Jupiter inconjunct Jupiter Dec. 5-13.  What this means is an interference or adjustment in order to manage the economy or interfere with it.  This transit comes around once every 7 - 12 years and is not earth shattering enough to cause a major correction in the metals.  It is more of an annoyance than anything.  The previous peaks of this transit were April 15-23 and July 25- Aug 7, 2009.  There were corrections in the metals each of those times.  The last peak is always the most dramatic though so don't be fooled by it.

So look for gold and silver to make a huge about face next week and resume their course upward.  As I wrote here in June of this year gold and silver are poised to go much higher.