Wednesday, April 2, 2008

Oil and Gold bounce back

Stocks in NY finished slightly lower fulfilling the downside bias we expected with the Moon-Rahu conjunction at the open. I'm not sure about tomorrow -- I can't find a definitive trend. Another flat day is possible. By contrast, Friday looks more solidly bullish.

Tokyo closed above 13,100 yesterday as we forecast. I think it will add to recent gains Thursday, and possibly Friday also. 13,500 by the end of the week is within reach.

The BSE also gained about 1% yesterday to close at 15,750, but this rise was much less than on other markets. This is what I had wondered about with the tr Venus falling under the Mars aspect. The gains were, indeed, less than expected in the wake of New York's big 3.5% gain the previous day. I think it will see only a mild price move Thursday, possibly on the up side. Bombay is headed for a sharp drop early next week however with the Mars coming to the natal 1875 Mercury, which will activate the nodes as well. Could be 5% on the downside.

The Euro stabilized as forecast, and even managed a 0.007 gain. This should continue through to Friday.

Oil and Gold came back after yesterday's sell off as we thought they might. Gold came back nicely to $900, while Oil exceeded our expectations by rising to $104.78. Oil should continue to move up, although much less strongly than today. Gold may hold steady or rise a bit.