Iron (GNI) price prediction April-May 2011

Brief post to get another April 2011 market prediction out quickly. This time it’s for iron ore, and more specifically, for the Great Northern Iron Ore Properties (GNI) stock. I may add details with pics later, but here is a recap:

  • I predict that the price of GNI shares will go up till April 28-29, 2011; with a reversal (likely a drop) to begin on May 2, 2011

 

  •  I looked at GNI chart max/min pattern & corresponding transits of Mars (symbolic ruler of iron in astrology) to outside planets (Jupiter, Saturn, Uranus, Neptune and Pluto—yes, Pluto is still a planet in my book :D) & noted the correlations

 

  •  On April 18, there was an exact opposition between Mars and Saturn (“downer” combo, Mars symbolizes iron, Saturn—steel and any earth-derived materials, like metals, rocks, etc.), so many iron/steel stocks traded down from last Friday (e.g., read this article, “Iron Ore-Spot prices fall on slow China steel demand” http://tinyurl.com/42fmr57)

 

  •  this corresponded to a bottom from a drop that began on April 11-12, 2011, when Mars squared Pluto (Pluto—anything hidden, excavated/mined, x-rayed, nuclear power, death, etc.; this was also a “downer” combo);
  • additionally, on April 18, Pluto was exactly in the midpoint between Saturn and Uranus—tension, push-n-pull in opposite directions between the need to conserve, be cautious and desire to cut loose/greater freedom, were being balanced/focused by Pluto (perhaps reworking mining approaches/strategies [as well as approaches to handling powerful energies, like nuclear—just a side note]?).

 

  •  On May 1 (Sunday), there will be a conjunction between Mars and Jupiter (“happy” expansive combo)

 

  •  Previous Mars-Jupiter conjunction on Feb 12, 2009 corresponded to a major MAX for GNI, so I expect a similar pattern to repeat on April 28-29, 2011

 

  •  Basically, buy GNI on April 19 and sell on April 28 or possibly 29 (shortly before the exact aspect, so as to not miss it);
  • I’ll put this as a practice trade (no money, just for fun) & we’ll see what happens on May 2 🙂 FYI: last trade on April 18 was at $102.49 (baseline).

p.s. Posted on April 18, 2011 after NYSE closed…

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About tolstunka

Just very very talented... what can I do? :) Recently learned that my nakshatra is Purva Phalguni, in case you were wondering...
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One Response to Iron (GNI) price prediction April-May 2011

  1. tolstunka says:

    Well, as of 2:01pm ET on Apr 29, 2011, the GNI shares were at $104.40 (gain of 2.41% since Apr 28). It appears that the upward movement has only been evident during the few days immediately preceeding the Mars-Jupiter conjunction (to occur on Sunday, May 1, 2011). Too bad this conjunction falls on the weekend, else we’d see an even greater increase in the next two days.

    However, the Asian markets may still feel a fairly strong effect of the conjunction on Monday, especially in the morning. Thus, I vote to hold off selling the shares till Monday. Keep a close eye for a reversal that may begin once the two planets start separating (likely about .5 degree past the exact conjunction) and sell the shares if you see it happening.

    Personaly, I still am expecting a reversal past the conjunction. Also, there are more aspects coming on May 6 (through 22) that I think are relevant to GNI. So, I think there will be a unidirectional move May 2-6 (I expect down; we will find out soon enough! 🙂 ). I will look into it some more & post about it later.

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