The following is by Karen Starich, who uses astrology to forecast events in the Stock Market. Check out her premium service Astrology Traders for specific dates and in-depth analysis of future events in the various markets she covers.

Business wire reported yesterday that Molycorp CEO will testify to Congress next week regarding rare earth supply concerns igniting more controversy regarding China’s monopoly on rare earth.  Read more…

This is a continuation from the July efforts of the WTO lawsuit claiming China broke international law when it curbed its rare earth exports.  I wrote about the outcome for those events (read article here) that China would not relent in a move that would lead to further price increases.  Jupiter is moving retrograde to the same point October 6th as it was in July, where the WTO filed the lawsuit, and inconjunct China’s Sun. The transit suggests an obligation and a shift of plans on China’s part and they will most likely make some adjustments that are beneficial to the U.S.  However Mars will conjoin China’s Mars/Pluto beginning October 12th which will most likely be an aggressive move to force China to change their policies.  October 1st – 4th and again October 10th watch for potential increases in rare earth stocks but a word of caution, there is a lot of stress on this sector.  The conflict with China continues into February 2012 where there could be another lawsuit.  Watch for the dates February 24-25 for news regarding an international move against China’s rare earth export restrictions.

What does this mean for rare earth stocks?  Rare earth minerals are vital for advanced space technology.  We are on the cusp of new innovations in advanced space travel that will continue to drive the demand for these minerals.  Molycorp is the leader in this sector and will continue to receive government support in their efforts to expand their mining operation.

MCP – Breakdown from large wedge has bearish implications.

Related Posts:

Market Astrology: Silver Breakout Update

Market Astrology: Rare Earth Heads Up!

Market Astrology: Rare Earth Metals

2 Responses to “Market Astrology: Rare Earth Controversy”

  1. mr clark Says:

    interesting take on this sector… MCP is possibly getting cheap here, will watch closely as it trades into this period…
    Ray Merriman has a possible turn date for many markets 9/23-26… so far it seems this would be a turn lower in markets as bad as the news has been… some pretty heavy astrology next week as well with many planets and the sun and moon touching off the uranus pluto square…

  2. Karen Starich Says:

    mr clark,
    9/22 is very key. A set-back for the Fed and the nation as they will not be able to stop inflation and Bernanke will not be able to live up to his recent pledge of no interest rate increases.

    The Uranus Pluto square is very rare. The potential for opposing forces of the power elite to play their hand with drastic measures potentially altering our lifestyles and our freedoms in such a way that we are not accustomed to, forcing people to readjust to conditions that are in total contrast to their customary lifestyle…….That is the definition of the transit.

    That’s how serious it is!

Leave a Reply

You must be logged in to post a comment.