It seems the bull run in gold is back on. Gold hit $650 briefly today, its highest close since July. This is more or less in keeping with my June prediction that gold would push past its May high of $725 in the new year. Perhaps this price rise has come a little ahead of schedule but I'm not complaining. The Uranus station on Nov 20 coincided with a nice $20 increase in the past two weeks. Watch for even faster price increases -- along with the occasional retrenchment downward -- as Uranus once again applies to conjoin natal Jupiter in the gold futures chart. The exact conjunction occurs February 15 so that is a strong indicator for further price increases. At the same time, Rahu also applies to Jupiter (conjunct May12) creating powerful momentum that will push prices up sharply.
With Mercury, Sun, Mars, and Jupiter all in Scorpio in the 11th house, we can expect prices to continue to climb through December. I would not be surprised to see and equalling of the May highs of $725 by year's end. That would set the stage for explosive price movement in the following months. I think $1000/oz is a very possible target in early 2007.
2 comments:
Hi Chris,
What is your view for the long term. You said in an earlier posting that after June 07, you ?don't see a further rise in the gold bull b/c of the saturn sub period with the venus dasha? What about the next sub periods (mercury and ketu after saturn) and then the next dasha, which will be sun, right?. Thanks, Babaloo
While it's very likely we've entered a long term bull market for gold, I'm less confident that prices will rise as sharply under those later dashas. The conditions this winter and spring are more like a perfect storm -- great transits, progressions and a supportive dasha. I don't see them coming together again for the next few years.
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