Gold breaks below the 600 resistance but reversed on the upside upon hitting 580 on Monday, September 11.
From August 28 till September 29 gold is under heavy down influences from Saturn. Fed meeting is on September 20, this can somehow dampen the gold market some more. We can expect gold to base around $600 and hit the final bottom which Peter Grandich calls the emotional bottom by the end of the month.
This period up to the end of the month is thus a good time to start accumulating gold stocks to be able to catch the next big wave that is to happen in November up to early December.
Having seen gold fall below $600, it becomes doubtful whether we are going to set the all time high for gold this year. But if gold will base above the next resistance at $670 in October, breaking the $850 resistance remains a possibility.
Gold sharpest move in the year occurred with clear astrological indicators. That move was about $120 in just a month's time. From the first week of April when gold was $600 it's price rose to $720 in the first week of May. War factors in November can spark another rally in gold maybe much more than $120 from what will be October's price base.
rate
email
print
link to this page
Comments: 2
Good points. I'm wondering if you've written much on copper these days esp with wiring, pipes, statues, and other copper items being stolen regularly now...?
Guess the Statue of Liberty better watch her back for more reasons than one!
So it happens there too, telephone wirings in our community have been stolen twice already.
My country's coins were even reported to have been smuggled out to be re-used.
I concentrated my studies primarily on gold. I occassionally get good results with oil but gold turned out easier to predict than oil.
I noticed copper resonates with the movement of Venus but i havent done a detailed study on that.