Thursday, June 27, 2013

Silver/Gold July Turn Dates

Let's review the silver/gold June turn dates.

Gold and silver put in a major reversal and made a drop on June 7 with Neptune turning retrograde. The Moon's nodes at silver's major harmonics on June 9 which was a low for silver, and gold found its low the next day with the Venus-Ceres conjunction.

The drop resumed with gold's Ceres cycle on June 17. Silver's Ceres cycle was June 19, the same day as the Jupiter-Sun conjunction, but the metals continued their drop through the 20th and started rising the next day.

The Moon's nodes at gold's major harmonics on the 22nd reversed the metals back down.

The Neptune-Venus opposition on the 26th may be giving a low. I thought it would be a minor turn date but it is supported by geocentric Jupiter entering Cancer the same day.

There is one more minor turn date left for June, which is the Venus-Ceres conjunction on the 30th.

Gold Futures: Red/Green, Right Axis; Silver Futures: Grey, Left Axis



The turn dates for July are given below.

July 6: Heliocentric Jupiter enters Cancer
July 8: Saturn turns direct

July 12: Gold Ceres 18°
July 14-15: Earth, Saturn, Mars Golden Triangle

July 17: Uranus turns retrograde

July 19: Uranus-Venus Opposition
July 22: Geocentric Jupiter-Mars Conjunction trine Neptune, Saturn

July 26: Geocentric Neptune-Venus Opposition
July 28: Gold geocentric Ceres 18° square Moon's nodes

I am leaving town again tomorrow and I see some questions so I apologize for not getting to them but I will try to do so in the next few days. I want to put priority to getting the July turn dates finished.

I may add charts later.

25 comments:

  1. Thanks for all your work, Platy. I'm sure I speak for so many when I say these posts are greatly appreciated! Happy trails!

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  2. Wow, what a blood-bath in gold! Might go long GLD 99 as Jay predicted.

    Awakening888 when do you think gold will turn?

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  3. Gold is ready to turn very soon. $1180 is an important Fib 61.8% retracement of the move from the 2008 low to the 2011 high. I would not be surprised if a temporary bottom is in tomorrow Friday. But it is likely a counter trend bounce within a continuing bear market for gold.

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    1. Awakening, where are you getting your print for gold?

      I have Fib level @ 1153 for spot.

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    2. That's what I'm seeing too BJ.

      Also, we may get temporary support there, but for the long term trend the Fib levels should be taken from the 1999 low, where the next support level is 1088.

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    3. Using approx prices the 2008 low for gold at 730 and 2011 high at 1910. 1910 - 730 = 1180. 1180 * .618 = ~730. So expect a $730 correction from the $1180 rise from $730 since 2008 crash low is $1180 (1910 - 730). Today marked a print of about 1188 low in gold but silver was already rising well before gold today and the miners actually rose since yesterday.

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    4. fyi - yesterday night in Asia there was exactly 1180 hit.

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    5. AGoldhamster, that is very interesting to note! Because the last major support level of 1320 back in mid-April also occurred in an overnight session in Asia too.

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  4. Awakenening.. how low is the bear market point for gold. .That is, what is its max bottom price or is this bull finished?

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  5. With regard to equities:

    If this market is going back down, Saturday's S&P Jupiter cycle would be a good reason.

    It seems pretty likely with the June 24 hammer at pitchfork support (S&P Jupiter cycle) that the bottom is in, 5 points from my original 1555 target. These major lows have been V-bottoms. However, there are now several gaps open below, and chances are high that at least some of them will fill.

    The next important turn date will be July 4 with an S&P geocentric Ceres 72° cycle.

    There is a lot going on in July but most important will probably be the geocentric Jupiter-Mars conjunction on the 22nd.

    I'm working on the July equities turn dates now and should have something out by the weekend.

    I am still expecting a higher high in August.

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  6. Gold's rally still looks to be a relief rally. Everything is still oversold, and until the signal crosses out of the oversold that is when a substantial rally should occur.

    Mid-Term: DOWN Short-Term: UP (still at oversold)

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    1. Seems I have some support for my sentiments about Gold...

      http://armstrongeconomics.com/2013/06/28/gold-should-bottom-today-temporarily/

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  7. Thanks Spitz, always like seeing what you've come up with.

    R41

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  8. Hi platy
    If a turn happens on a weekend, with markets closed, does the turn carry over to Monday?Which would be when Asia opens. Nighttime for me.
    regards
    bob collett

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    1. Hi Bob, If markets are closed on a turn day, it could happen either the previous or the next trading day.

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  9. Hi all.

    I wouldn't trade gold over the July 4 period. I remember a number of years ago I go whacked when I was long Gold on July 4 and the Swiss used the opportunity to devalue their Franc.

    Platy, have you ever done any research on the success of aspects in a natal chart when those aspects appear again? I read about it somewhere recently but am yet to do any follow up. I will pass on my results in due course.

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    1. No, I haven't looked into that. Thanks Chris!

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  10. I had posted here that there was a bounce likely in GLD ETF near the 120 level. The Uranus level was 117.47 and the actual low on 6/28 was 114.68. So far, we have bounced as high as 121.95 and I think we have more upside. But, I don't think gold has bottomed.

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    1. Hello Jay

      What about S&P ?
      Do you still think it may go 1520 (200 day MA) before it bounce back in to mid August

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  11. Jay is correct. Gold has further downside to go.

    See: http://www.gunner24.com/

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    1. Very interesting, thanks Chris!

      I have mentioned before the August 19 gold Uranus 72° cycle, which is another reason why I see August as a crucial turning point.

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