Saturday, June 28, 2014

July Gold/Silver Turn Dates

Gold bottomed on June 3 and made a double bottom June 5, 2 days before the heliocentric Jupiter cycle. (See here for June turn dates.) It rallied into the June 14 (Saturday) silver heliocentric Jupiter cycle and double pentagram, which was confusing because I was expecting a LOW to match gold's major low. This made me question whether June would hold as a multi-month low. Then it made a sharp high on Monday followed by a sharp low Tuesday, and resumed an even stronger uptrend. Breaking the 150 DMA it became clear (in retrospect) that the silver cycle was in fact a LOW that came 1 day late on Tuesday (nominally would have been Friday or Monday). Gold then rallied into the Uranus-Venus conjunction on the 24th which has so far held as a high.

Jupiter cycles typically mark multi-month lows (see graph here), and this one was reinforced by the double pentagram, a much stronger signal, so it is highly likely that a multi-year low is in place. The more important the planetary signal, the harder the date is to pinpoint. The double pentagram occurred 8 trading days after the major low (if it holds), not bad for a multi-year signal. This low was a higher low than the December 31 low (Saturn cycle), which is fine. The most important low (or high) from a planetary standpoint is not necessarily the lowest low (or high) as shown several times in Cowan's book.

Furthermore, the new Islamic bogey man ISIS began making headline news at the time of the double pentagram.

The major gold December 31, 2013 low (double bottom with June 28, 2013) reinforces the idea given here, here and elsewhere that entering the year 2014 was a major economic shift and time marker leading to important (not just financial) future events.

The effect of the most important planetary turn dates of 2014 so far are shown below.
Gold Major Turn Dates for 2014
 There were Neptune and Uranus cycles in December, January, and February, which have not proven useful for pinpointing timing although they do indicate we are near a multi-year reversal. The long term gold chart shows the effect of Neptune. The 1980 double top was within 3 weeks of the geocentric and heliocentric 72° cycles. The 36° cycles were in 1997, although 2 years from gold's low, it was a major low year for silver.
Gold Long Term Chart and Neptune Cycles
The most recent gold Neptune cycles are shown below.
Gold Futures and Neptune Cycles
Silver's long term chart is shown with silver's Neptune cycles below.

Silver Long Term Chart and Neptune Cycles
Looking at the heliocentric chart, with the gold pentagram in yellow and silver in grey, we can see that all major planets have now crossed the major harmonic points, leaving no future opportunity from this point of view to cause another multi-month trend change for many months, or multi-year trend change for many years. (Pluto is also past the 18° harmonic point.)
6/29/2014 Heliocentric Gold/Silver Pentagrams
In the geocentric view, all major planets except Jupiter have passed the major harmonics.
6/29/2014 Geocentric Gold/Silver Pentagrams

Geocentric Jupiter will cross the gold 36° harmonic on July 7 and the corresponding silver 72° harmonic July 9, at which time all major planets will be past the major harmonic points.

Saturn is in retrograde but will not reach the major harmonic point before it reverses to direct July 20; Neptune is also in retrograde but will also not reach the major harmonic point before it reverses to direct November 16. Pluto is also retrograde and turns direct September 22 very close to but without crossing 18°. (Because these reversals occur very close to major harmonics these are potential major reversal dates.) Note also that Uranus goes retrograde July 21 and then direct December 21 without crossing (but while close to) a major harmonic.

The Moon's Nodes also give major reversals. The last 36°/72° crossing occurred in June 2013 (both gold and silver), a major low for the metals. The last 18° crossing occurred in March (silver) and May (gold) this year, important highs (see graph above). The next 36°/72° crossings will occur in early 2015.

In conclusion, the opportunity for the planets to cause a multi-year reversal is almost certainly behind us with both heliocentric and geocentric Neptune, Uranus and Saturn as well as heliocentric Jupiter now on the other side of their major harmonic points, and with geocentric Jupiter about to cross this point in the next couple of weeks.

My guess is that the metals will pull back into one of the geocentric Jupiter cycles before resuming their rally. There is a near triple conjunction of Mars, Ceres and the North Node square the Sun and Jupiter on the 12-14th coinciding with a Ceres cycle which could also be important. Uranus is very important to metals and turns retrograde on the 21st, the day after Saturn turns direct.

The Earth-Pluto Cycle

I have been studying the long term gold chart to determine other causes of multi-month reversals. First let's review from this post the affects of Jupiter and Saturn (heliocentric shown). This chart does not show the June 7, 2014 Jupiter 36° cycle low.

Gold Futures and Jupiter/Saturn Harmonics
I was curious about the cause of what looks to be a 6 month cycle occurring in late June and late December. I believe this cycle is caused by Earth-Pluto conjunctions and oppositions. These aspects appear to be increasing in significance especially since June, 2011, probably because of the Uranus-Pluto square which began in June, 2012 and continues through March, 2015. In recent years these aspects are as important as Jupiter and Saturn in determining major turnsJuly 4 was a conjunction, likely to be near a significant high.

Gold Futures and Earth-Pluto Conjunctions (White) and Oppositions (Orange)
So we are at an important juncture bounded by the June heliocentric Jupiter low of 1240 (and expected July geocentric Jupiter low) and the recent 1335 high. The failure of geocentric Jupiter to hold price could mean a re-test of 1200.

Gold/silver turn dates are given below.

7/1/14: Geocentric Mercury turns direct
7/1/14: Heliocentric Jupiter enters Leo
7/2/14: Heliocentric Mars enters Sagittarius 
7/414: Earth-Pluto Conjunction

7/7/14: Geocentric gold Jupiter 36°
7/9/14: Geocentric silver Jupiter 72°

7/12/14: G Mars Conjunct Ceres     \
7/13/14: G Mars Conjunct North Node      Near Triple Conjunction Square Sun, Jupiter
7/14/14: G Ceres Conjunct North Node  / 
7/14/14: Ceres-Venus Opposition
7/14/14: Heliocentric gold Ceres 72°
7/15-16: Silver 72° Neptune, Venus, Jupiter golden gnomon triangle 
7/16/14: Jupiter enters Leo
7/16/14: Sun square Moon's Nodes
7/16/14: Heliocentric silver Ceres 36°

7/18/14: Saturn-Venus Opposition
7/20/14: Geocentric Saturn turns Direct
7/21/14: Uranus turns retrograde
7/22/14: Geocentric Sun enters Leo

7/24/14: Jupiter-Earth Opposition
7/24/14: Gold 72° Earth, Uranus, Ceres golden gnomon triangle
7/26/14: Geocentric Mars enters Scorpio
7/27/14: Geocentric Pluto-Venus Opposition Square Uranus

7/31/14: Geocentric gold Ceres 18°