Financial Astrology II

Jupiter in Taurus is favourable for precious metals - gold, silver, palladium and platinum. We have been advocating buying gold, when it was at 700 USD per ounce. Now it is at 1625 USD. I have been buying gold when the price was 1200 per gm and now it is 2775 per gm.

 

There is a support level at 2500, but Gold is so bullish that it may not touch that support level. When it goes down, it is only a secondary reaction in a bull phase. Gold will continue to be bullish, as long as the dollar and the rupee remain bearish ! Silver, Palladium, platinum etc are also good investments.

 

Regarding the stock market, both bullish and bearish factors are powerful. 2012 and 13 are said to be years of Great Depression and this is a big bearish factor. But India and China are insulated economies and are the only economies which are growing. The Eurozone is gone. So is the US ! By 2020, Indian GDP will quadruple and Sensex will be 50 K. But the Global Recession  is affecting India and China and we should be geared for slower growth ! So the Sensex will fluctuate as usual and if you have a long term perspective, you can invest in blue chips and wait for the market to go up !

 

Saturn in the 3rd is OK but after six months, he will be in India's 4th. This is Angular Saturn and there will be political chaos. People are discontented by the rule of complacent and corrupt politicians. Even after India's downgrade, the politicians are saying that the downgrade is manipulated ! That Fitch's downgrading is all nonsense. It is not patriotism which is behind this. Just to show that their governance is OK !

 

Angular Saturn creates other problems as well. Increased consumption of oil and can mean only increase imports. India's import bill has gone up to 488 billion. We have 303 b exports and that leaves us with a deficit of 185 billion. We are already burdened by a 319 billion debt ! Where are we headed ? Quo Vadis, India ?  India, despite the talk of being the third largest economy of 4.45 tr USD GDP PPP, is a minus nation !