Saturn and Corrections

As stated in my 2010 book Astro-time, gold will continue to hit new highs this year but only after a healthy correction which will take place "early" in the year. In my January 13 Twitter post, I highlighted the influence of Saturn which tends to bring down the value of anything. It was particularly strong at that time and I took that as a signal to short the market knowing full well that Saturn will become stronger by early February.


In the gold market the $1100 is worth while watching once again. Drop in equities may likely continue till the effect of Saturn and Pluto wanes temporarily, how far gold's price move away from $1100 will prove to be significant.

Timing-wise March will be a critical the value of the dollar and hence gold. I would thus be looking for a good buying opportunity in the weeks to come.

Merry Christmas !

Merry Christmas everyone! May lights of the heavens shine upon us all !

May our leaders recognize the true storage of value

May gold shine more brightly than ever!

Mauritius Buys AU

Another central bank, the Bank of Mauritius recently bought gold from IMF. The amount is just 2 metric tons which is much less than the 200 metric tons that Reserve Bank of India bought and what the central bank of China has accumulated through the past 6 years. Sri Lanka declined to state how much it has bought in the past 6 months but signalled that it is buying more. The trend that started continues.

http://timesofindia.indiatimes.com/biz/international-business/Mauritius-buys-two-metric-tons-of-gold-from-IMF-/articleshow/5238623.cms

After the Sagittarius effect, which brought gold to another high, there will be a buying opportunity.

1100 and Beyond

Gold hits fresh highs above $1100 early this week when the Moon was again in Leo, the sign of Gold. More importantly, the trend that central banks are becoming buyers of gold became clear when the Reserved Bank of India announced that it bought IMF gold, following the lead of China. And now Sri Lanka followed suit. According to reports Deutsche Bank is predicting that China, Japan, Russia, Taiwan, India, Singapore, Brazil and Korea are the most likely buyers of gold in the next few years.These events are taking place amidst Saturnian aspects on the Dollar Chart.


As stated in my September 8 blog entry, China is initiating a new trend
for Central Banks to buy gold. More central banks are to follow.
http://astro-ipo.blogspot.com/2009/09/yellow-metal-in-middle-kingdom.html


Is the gold topping? As stated in my tweet, the temporary drop in gold may be connected with the Jupiter's stationary direct movement- with a window of 4 days.
http://twitter.com/Astrotime/status/4918195879

Gold dropped further after the Jupiter station but soon after, gold's rise resumed as dollar gets more pressure from Saturn. More record highs are to be seen. November is another critical period for the dollar as Saturn hits the dollar's Sun on November 7 and Saturn aspects it's natal Saturn by November 22.

Time to Take Profits

As projected before (http://astro-ipo.blogspot.com/2009/09/gold-soars.html), gold will break out of its major resistance in October and the middle of the month is almost here. Gold is getting overbought and dollar may stage a rebound. Pluto hitting a critical degree against the Dollar will be exact tomorrow - Oct. 15. It's time take to slowly take profits off the table, risks in staying longer is getting higher -temporarily.

Gold Hits New Highs !

by Resti H. Santiago



Finally, gold has risen above its previous high and is almost close $1,050. One of the reasons for this move according to Marketwatch was the rumor that Gulf Arab states, along with China, Russia, Japan and France are planning to trade oil in a basket of currencies which would include gold, instead of using US Dollar. The rumor was flatly denied by Saudi Arabia but as the saying goes, when there's smoke there's fire.

http://www.marketwatch.com/story//potential-end-of-dollar-based-oil-deals-lifts-gold-2009-10-06

Astrologically speaking, we are now very close to a time band wherein there is a very strong pressure on the dollar. This is due to the repeat of an opposition between Pluto in Capricorn and Dollar's Sun in Cancer. As projected before Pluto hitting critical degrees of Capricorn portends an occurrence of events that will challenge the status of the dollar as the world's reserve currency. The reported plan to end oil-trade in dollar in another of such events, maybe more are to follow.

Gold is now being seen as money.

VOC Trade

It helps to pay attention to the void of course moon when trading. One such VOC day was on September 30,2009. As shown in the chart of the Dow (courtesy of yahoo.com) the index fell sharply within the first 30 minutes of trading only to be reversed within 3 hours. At the end of the day, the level was almost at the opening price.

Lesson: Do not trade on the direction of the opening trend when the moon is void. More often than not, the trend will be reversed within the day.

This is one important lesson I learned from my teacher in financial astrology - Kaye Shinker.