# We put in a low in Gold on December 15th, 2016 which was the 7.4-year cycle low in Gold.
# Gold appears to have put in a Primary cycle low on May 9th, but not confirmed. If we look at the older cycle it is 24 weeks along putting more emphasis on the May 9th low which would put us in the 4th week of a new Primary cycle.
# Gold most often starts a Primary cycle with a nominal 6 week sub-cycle. Watch Monday +-, the Mars / Saturn opposition often signals a short sharp move both up or down.
# Later in the week we have 2 aspects with a history of change in trend for Gold. These are June 3, Venus conjunct Neptune and June 4th Sun square Neptune.
As mentioned many times we often get a pullback 2 to 3 weeks after starting a new Primary cycle.
# After the Primary low is in (remember it is not confirmed) I’m looking for precious metals to start moving up. Beyond technical’s and Astrology, countries like China are reducing the rate at which they purchase US treasuries. By May / June watch Gold increase. I am looking at precious metals being the potential trade of the year.
Gold like many markets was affected by the Astrological aspects from late March through April. This may push Gold a little lower or add some restraint in the Spring period.
# From last week. “Gold may be affected by the Venus and Mercury shadow dates which are May 19 and May 21 respectively”. The trend changed from up to flat...
The following chart shows a 27 cd (calendar day) cycle (red vertical lines) which was at May 15th +- 2 td’s. Note the MACD and CCI indicators at the bottom of the chart. CCI appears headed up. The next one is June 12th...
The next chart is a longer term monthly chart showing the 7.4 year cycle in Gold. They are the red vertical lines. Note that the 7.4 year cycle put in a low in late 2015. We are now in a pull back but we are very early in the 7.4 year cycle which should be bullish in the long term...