[RT] No spam, just follow up on gold

["Stig O" <olausson@xxxxxxxxxx>]

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          Please note: This is not 
            the same as our service titled "<A 
            href="http://www.mmacycles.com/weekly.htm";><FONT face=Arial 
            size=2>Weekly MMA Comments and Recommendations on Financial 
            Markets," which is 
            available by subscription only. 
            <FONT 
            color=#000080>MMA WEEKLY UPDATE FOR WEEK BEGINNING <?XML:NAMESPACE 
            PREFIX = O />
            <FONT 
            color=#000080>MONDAY, MAY 14, 2001 
            
            My introduction to commodities came in 
            1980, two years after I started studying the stock market. Legendary 
            cycles&#8217; analyst Walter Bressert invited me over to dinner following 
            a speech I had given in Tucson in January 1980. As we were waiting 
            for dinner, he showed me his office. All along the walls, he had 
            charts of the price of Gold, with a couple of markings on them. They 
            covered the entire length of one large wall.
            You might remember the year 1980 and 
            January in particular. That was the exact month that Gold and Silver 
            made their all-time highs at $850.00 and $50.00 respectively. So 
            naturally he was interested in Gold. Naturally, so was everybody 
            else in the world of trading and investments at that 
time.
            He started explaining his markings to 
            me. There were three time frames that he had highlighted since Gold 
            had started trading on the COMEX in 1974. In each frame, the price 
            of Gold had made a long-term high or low, and then went the opposite 
            direction until the end of that frame. In an area above the price, 
            had marked "Mars retrograde." A 4th instance was just 
            getting underway as of January 16, 1980.
            At the time, I was more than a little 
            impressed that this highly regarded market analyst knew anything 
            about astrology, let alone had put together a relationship between 
            astrology and Gold prices as remarkable as this. He asked if I 
            thought that Mars retrograde, or anything else in astrology, might 
            be relevant to Gold prices as this chart suggested, given what 
            happened the three previous times. I told him I thought he might 
            have something here.
            It worked that 4th time as 
            well, for the all-time high in Gold was indeed put in just 4 days 
            later, and the price dropped like a rock right into the week that 
            Mars went direct. Unfortunately it has failed to work as 
            consistently since then. But nevertheless, the Mars retrograde 
            phenomenon and the price of Gold have forever influenced my 
            impressionable mind.
            I bring this story up because on 
            Friday, May 11, Mars again turned retrograde, just as it does 
            approximately every 26 months. And once again, Gold has been 
            steadily rising into this aspect, as it made a new 5-week high on 
            Wednesday, May 9. This is perhaps the longest rally Gold has enjoyed 
            in many moons. And of course the question arises in my mind: Will 
            Gold now turn down for the next several weeks while Mars is 
            retrograde?
            For stock investors, the rise in Gold 
            stocks has been quite impressive, as measured by the XAU, the Gold 
            and Silver Mining Index. From a low of 46.65 on April 3, the XAU 
            peaked at 60.19 on Wednesday, May 9. That&#8217;s an appreciation of 29 
            percent in just 5 weeks! Perhaps investors with positions in Gold 
            mining companies might want to consider taking some profits now. 
            Even though Mars retrograde has not been an extremely reliable 
            market-timing indicator since 1982, it is also true that there have 
            been very few rallies into Mars retrograde since then either. This 
            might be a time when the signature works again.
            In the Mundane world, Mars retrograde 
            tends to coincide with an increase in international tensions. 
            Threats of wars are on the rise as we see in the Mid East and the 
            Balkans again. With Mars in the fire sign of Sagittarius those 
            tensions may be hotter than normal. Generally speaking, an increase 
            in military threats is not good for the overall stock market, 
            although it does tend to bode well for defense and weaponry 
            sectors.<SPAN lang=NL 
            style="mso-fareast-font-family: Times New Roman; mso-ansi-language: NL; mso-fareast-language: EN-US; mso-bidi-language: AR-SA">The 
            U.S. stock market has remained near its highs since the March 22 
            low, with the high in DJIA being 10,995 last Monday, with a re-test 
            back to 10,979 on Thursday. But I attribute this more to Neptune 
            turning retrograde as well on Thursday than to Mars, as discussed 
            last week. This is therefore a critical reversal zone, and if the 
            temporary high was not achieved last week, I would be surprised. A 
            pullback now to what we call a half-primary cycle trough seems in 
            order. This pullback might be steep, but it may not last past this 
            month before the next leg up in the new bull market 
            resumes. 
            <FONT 
            face=Verdana size=2>To read the previous issue click 
            here.
            Disclaimer: Past 
            results are no guarantee of future results. Therefore no guarantees 
            are made by either the author or publisher of this report. You are 
            solely responsible for any action you initiate in the market, and 
            the author and publisher assume none whatsoever. Information is 
            provided with sincere intent, and according to our own proprietary 
            studies and methodologies.
            Copyright MMACycles - you may link to 
            this site or page, but you may not distribute these texts in any way 
            ( by email or otherwise)
      
        
        
          
            

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