Und was sagt der Astro Cycle vom 11.Mai ??
..Summary - May 11, 2007
Precious Metals may face some short term weakness, but are likely to start climbing and make new highs and a major top in 2007. The 2006 high in Gold did not see the level of optimism in Gold stocks seen at previous 6 year cycle highs, and should do so by the next one in 2008. This is further confirmed by the COT's which never really showed extreme interest in Gold like we are seeing in Palladium. A 6 year rhythm is visible in the price of Gold in other currencies, suggesting further gains and a major high in late 2007. The short and longer term cycles of the Gold and Silver stocks also point to strength heading into late 2007.
What is holding back Precious Metals?
Some of the short term cycles have not been favorable for Gold and Silver, and we can see this reflected in minor breaks of support. However the price damage has been minimal, suggesting a good move upward once this short term correction is over.
What about Gold and Silver stocks?
The Gold and Silver stocks often precede moves in the Precious Metals, and they have been range bound and oversold below resistance for the last year. Since they are holding support and coming to the end of their respective cycle lows, they could turn up shortly