The following two daily charts show Gold
then Silver and the heliocentric Venus (green) Jupiter (blue) price lines. Notice the
previous instances where these lines cross often coincides with a sharp move in
the precious metals. Could be up or down. I'm looking for a move up. Keep in mind, the move usually happens near the crossing of the heliocentric Venus and Jupiter lines not necessarily on the specific day. There are other aspects this week which could effect precious metals. Two are Saturn quintile Pluto and the Sun squared Pluto.
This assumes we have just put in a higher low. Gold has been putting in lower highs since the high in September 2011. To change the longer term trend to up Gold needs to start putting in higher highs. A good start would be to break through the 200 day moving average currently near 1680.
Gold
This assumes we have just put in a higher low. Gold has been putting in lower highs since the high in September 2011. To change the longer term trend to up Gold needs to start putting in higher highs. A good start would be to break through the 200 day moving average currently near 1680.
Gold
Silver
The third daily chart of Gold shows the 144 trading day (blue) and the 89 calendar day (red) cycles are both hitting in this time frame.
This is pointing to a move up in precious metals.
Gold
Looking out longer term the US dollar has a
consistent 17-18 month cycle which is due to bottom in the October 2012 +- time
frame. A weaker dollar results in a strong Gold price as it takes more dollars to
buy the same amount of Gold. Following is a weekly chart of the US dollar. The vertical
blue and red lines are the 17 and 18 month cycles respectively.
US$