1. April Markets 

2. Up Stars/Down Stars

3. Golden Opportunities 

4. Quotes

5. On The Web

6. Letters

  1. Are You Prepared For May Markets?

My trip to Hong Kong is now past.  It has somewhat changed my style of forecasting.

For example, in the past I would say “There is a 90% chance that Markets will drop 3-10/12% May/June.”  Now I say: “There is an 88%+ chance!”

Henry Weingarten is the Managing Director of the Astrologers Fund. His investment philosophy combines a healthy dose of fundamental and technical analysis along with a look at the stars. He believes we’re in for a near term 3-13% correction in US Stock Markets, but they’ll finish 2019 higher. He’s also calling for gold to finish higher in 2019 and 2020. Oil will come down to the $52-58 per barrel range from its current mid 60’s perch. USD is looking good but gold is looking better. Interesting times.

Bottom Line:

Ideally after a US/China Victory rally but no matter what, over the next 1-3 weeks, protect profits by placing trailing profit stops, raising cash, writing calls, buying puts etc.  or

sweat out late Spring but relax year end!

Proper Valuations:

DJIA > 25000+

SP > 2800

IMHO “Improper” Valuations

US 10 Year Bond  <3.00

TIPS  > 112 OB

OIL > 60

COPPER < 3.20 

BITCOIN > 4000

GOLD < 1370

SILVER < 18

Trading Notes

Coming Soon we plan to short aggressively!

First tentative Market Short 1/3  circa April 17/19  and/or ~ SP 2950+

New Trading Hedges: 

Sell Oil 62.62  Buy Gold 1297

Sell Oil 64.50 Buy Copper 2.92

Sell Oil 62.66 OCO 64.88  Buy Gold at X

Hyde Park Soapbox:

MARKERS        DJIA                        SPX                        NASDAQ                SILVER                  GOLD                   COPPER                BONDS                    OIL                        BITCOIN

2018 CLOSE

23327

2506

6635

15.64

1281

2.63

2.65

45.41

3768

4/12/2019

26412

2907

7984

14.93

1293

2.96

2.56

63.76

5052

PIVOTS

25800

2880

8000

15

1288

2.82

2.55

60

5200

SUPPORT

25487

2790

7068

14.48

1255

2.80

2.48

54

3332

KEY DATES:      April 17/19, May 1/2

DJIA:                    25487 SUPPORT 26951 RESISTANCE

SPX:                     2790 PIVOT

NASDAQ:           8000 PIVOT
GOLD:                 S1 1280 S2 1255

SILVER:              15 PIVOT

OIL:                       S1 60  S2 58 S3 52 65 RESISTANCE

COPPER:              STEADY ACCUMULATE: H1 2019 à3.50+

US 10 year          WATCH <> 2.55

BITCOIN:              5200 OR 5400 RESISTANCE ?

The Market Marker remains some cautious concern.

2018 CLOSE:          DJIA 23327 SPX  2506 & NASDAQ 6635

2017 CLOSE:          DJIA 24719 SPX  2673 & NASDAQ 6903

2016 CLOSE:          DJIA 19762 SPX  2238 & NASDAQ 5383

AFUND Fair Value: GOLD $1369

Think Traditional Swiss And Preserve Capital: Hedge And Protect Against Downside Risk.

  1. Business & Banquets

Lots of good companies to watch and BE PREPARED TO BUY LATE MAY/JUNE ON!

  1. 3. We continue to recommend Maximum Allocation or fresh precious and base metal investments for the  intermediate and long term, given that the precious metal sector and copper are obviously very undervalued!

Happily, there will be less competition from MMJ & Bitcoin “investors” as time goes on.

With seasonal weakness upon us and with unfavorable astro still in force, we advise patient precious metal investors to pay attention to stock selection and be prepared to buy upon SERIOUS WEEKNESS (TEST OF 1255-58?) OR TIMEWISE JUNE/SUMMER 2019.

  • Gold remains cheap geopolitical crisis insurance.
  • For investors who cannot or will not buy the $US currency as well as investors who wish to safely and cheaply hedge their US$ exposure, ONLY GOLD IS AS GOOD AS GOLD!

Gold FV $1370 = Commodity FV: 1332 + Currency FV: 1380 + Inflation Metal FV:1368 + Crisis FV: 1400.

Gold/Silver ratio à 78  Silver FV $18.

INVESTORS: We plan to stay LONG into H2 2019 (recommending a precious metal sector hold rating and only occasional hedging, selling or profit taking).

We remain disinclined to short or sell until gold is overvalued e.g. $1400-1450. For silver our first selling numbers remain $20+.

The Astrologers Fund (AFUND) is not a registered broker dealer, CTA or a registered investment advisor. Past performance does not ensure future results, and there is no assurance that any of the Astrologers Fund's recommendations achieve their investment objectives. The Astrologers Fund Inc. makes no claims concerning the validity of the information provided herein, and will not be held liable for any use thereof. If you are dissatisfied with the information found on this website, your sole and exclusive remedy is to discontinue use of the information. No information or opinion expressed here is a solicitation to buy or sell securities, bonds, futures or options. Opinions expressed are not recommendations for any particular investor to purchase or sell any particular security or financial instrument, or that any security or financial instrument is suitable for any particular investor. Each investor should determine whether a particular security or financial instrument is suitable based on the investor's individual investment objectives, other security holdings, financial situation and needs, and tax status. Past performance is not indicative of future results. Contact The Astrologers Fund, Inc. 310 Lexington Avenue Suite #3G, New York, N.Y. 10016 Email hw@afund.com 212 949 7275 Twitter@tafund

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD bouncing modestly on disappointing US Consumer Confidence

The shared currency remains pressured by the idea that the ECB will come out with massive stimulus measures in September. US Michigan Consumer Confidence down to 92.1 brakes dollar's gains.

EUR/USD News

GBP/USD retreats sharply after approaching 1.2200

The GBP/USD pair came under selling pressure after flirting with weekly highs, as a dismal US confidence report brought back risk-off. GBP/USD still up for the week and above the critical 1.2100 level.

GBP/USD News

USD/JPY: Greenback makes modest progress against Yen, near 106.30

The demand for Yen as a safe-haven currency has been weak in the last three days. The levels to beat for bulls are at the 106.30 and 106.55 resistances.

USD/JPY News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more

Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Majors

Cryptocurrencies

Signatures