February 21, 2007

Gold passes $680


Things are looking up for gold these days as gold rose $23 to $686 before sliding back a bit. So the good news is my prediction from last year is gradually being realized. It is a very slow process -- slower than I had thought truth be told. By this time, I thought that gold would be matching last year's highs of $725. This will come soon enough, but a little patience may be needed.

From the chart, we see that transit Uranus has delivered on its part of the deal and has now moved past Jupiter. Rahu is station a few degrees off the Jupiter so that will provide part of the fuel the price requires to make new highs. Also transit Jupiter will station near the 11th equal house cusp in April and that is likely to coincide with higher prices.

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