Gold : The project - part I

This is the first of a three part Gold forecasting project. I am posting the whole project in this case as it isn't possible to identify an original gold chart, so some justification is in order. Part I discusses the chart in use, Part II, which is very long, looks at some historical events for chart comparison and confirmation and Part III looks at the future. Astrologers might be interested in Part's I and II, but other readers will probably want to focus on Part III and some future updates. 

 

Until now I have resisted the temptation to try to tie down the mysteries of the gold price.  The reason?- obviously, the lack of anything like a definitive chart to work from.

When I considered oil I was able to adopt the chart of the beginning of the most recent Neptune Pluto cycle as commercial oil use really took off in that cycle, even though it had been used to some extent for many centuries. But gold? Gold has a much longer and richer (no pun intended) history.  Gold history states that the first standardised gold currency dates back to 564BC. Its use in jewellery and other artefacts is much older again. Obviously tying down a chart from 3600 BC would be pointless. So, as I say, until now I decided not to bother.

However, the recent gold price falls, after a long multi-year climb, have made me curious.  And I’ve previously been lucky with gold trading so there is no reason for me to fear it. So, finally, I have succumbed to the temptation to go gold chart hunting. And hopefully non-astrological readers will forgive me this little deviation into astro-language in order to gain some more insight into the future of gold values.

But where to start?  We can’t use long planetary  cycles as we don’t know which one to start with. We have to pick a specific date instead . But which one best describes the issue?  A chart for mining, for production/use or a price chart?

Since finding an initial production or use chart is almost impossible due to the timescales, and since as traders we are looking at the gold price ( rather than its physical properties and uses) that a gold price chart is best.  But priced in what? Sterling, dollars, silver, corn? Each option would tell us something different. I’ve plumped for dollars as gold is generally priced in dollars. In any case it is possible to use this chart together with the dollar and sterling charts to ‘convert’ to sterling.

There are a number of charts currently used by astrologers. These include:

·         A 11 a.m. 12 September 1919 London gold fix chart

·         A 9.40 am 19 Feb 1968 London fix chart

·         A number of 31 December 1974 charts ( including a 1 Jan 1975 one), based in NY and Chicago which represent the start of trade on Nymex ( comex) and CME following Gerald Ford’s issue of Executive Order 11825 re gold trading.

·         21 Jan 1980 The date of gold’s peak in 1980.

I’ve picked the gold peak date. My chart is thus set for London ( gold fixing location) for the 3 p.m. fix ( dollar peak) on Jan 21 1980.

 

 Let us look at this core chart by itself first.

We can see some key factors that will bear watching as we make comparisons with the other 3 charts:

·         Initially the chart looks odd. The rising sign is Cancer, ruler of the Moon and silver not Gold. But we must look to where Leo is in the chart to understand the picture better…

 

•   There is a conjunction of the sun at 0 Aquarius – or zero degrees of a fixed sign. In aspect   to the sun/moon node. The conjunction is exactly opposite the 0 degree Leo Second house cusp of the chart representing physical resources.

This makes sense. We are looking at a very socially resilient physical element, traditionally ruled by the Sun. We would expect the fixed signs to feature.  Especially Leo.  And we would expect the second house to tell us something about value. In this case we have reached a peak so it makes sense that the conjunction is at its maximum angle form the 2^nd house cusp.

 

• The Moon is exactly trine Neptune and Neptune is within 10 mins of its sextile with Pluto. Obviously this ties the chart to the bigger Neptune Pluto cycles. We’d expect that as the whole US economy and thus the dollar is tied to that cycle. Remember this chart is not telling us about gold per se, but about the gold price is dollars.

·         The Moon is also approaching an opposition to Saturn – the indicator of the coming loss of faith by the people in general

 

·         Saturn itself is approaching the end of a cycle with Pluto. In fact 1981-2 would bring the end to that  Saturn/Pluto, Jupiter/ Saturn and Jupiter/ Pluto cycles and the start of new cycles that will take us through to 2020.

·         Mars is close to the base of the chart. This is possibly also an indicator of the beginnings of the collapse of the price that followed.

Conclusion: We need to pay particular regard to:

·         0 degree of the signs ( especially the fixed signs and notably the Leo Aquarius axis)

·         Around 21 degree of the signs – this is likely a dollar rather than a gold degree

·         13-15 of the mutable signs as key turning points- this makes sense in the context of mutables and is 45 degrees from 0 of the fixed signs.

·         Progressions of MC and Ascendant 

·         The interrelationship between the Pluto Saturn and Jupiter cycles

·         Aspects by the Moon as indicators of market sentiment

 as well as the wider Neptune Pluto cycles in the context of the major economic oil and consumer cycle I have discussed elsewhere.

 Now obviously there are some limitations to this chart, which must be borne in mind during any forecasting.

1)      It is not a definitive chart. Any other significant date in gold chart price history could be equally as valid.

The important thing is to fully understand the conditions that surrounded that date and time in order to extrapolate forwards ( or ,indeed, as we shall see, backwards)

 

2)      As mentioned, it is based on the dollar price and thus really describes not the value of gold but the currency pair: gold/dollar. It is as much a dollar chart as a gold chart.

3)      It is a recent chart. How can we look at long term gold trends when we only have a chart from 1980?

In this case I believe that the chart needs to be interpreted by reference to some earlier historic events. Furthermore it should be noted that, the official price in dollars, changed only 4 times between 1792 and 1968, in 1834, 1972 and 1973, i.e. earlier charts won’t correlate with intrinsic values anyway.