Astrologically, Venus and Sun are getting to a conjunction with Jupiter as the charts below show. All that matches with the time band expected of the Gold Neo Waves as well.
Wednesday, May 8, 2013
MCX Gold -Astro Technicals May 08, 2013
Astrologically, Venus and Sun are getting to a conjunction with Jupiter as the charts below show. All that matches with the time band expected of the Gold Neo Waves as well.
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5 comments:
Respected Suresh Ji ...Thank You Very Much for Your update On Gold ......Thanx a Lot..
Ravi Gupta
Dear Ravi
Only one caution.Fifth wave upmove depends on the extent of downmove of 4th wave.
Regards
Dear Suresh ji...I regularly follow your blog. You are doing a great job. I have a confusion here...ur 1st chart says gold mid 2013 target is 33755 while other chart says it will fall to 23500 and then 5th will start which will consume rest of the year. It would be great if you can clarify the scenarios.
Regards
Ankit
Dear Ankit,
That was a Gold chart which I had initially drawn on February 22, 2013. See this link:
http://niftyastrotechnicals.blogspot.in/2013/02/astro-technicals-for-gold-february-25.html
I had reproduced it in answer to Ravi Gupta`s queries. By oversight I had forgotten to correct the sentence.
I stand by the update given in the recent chart. Since wave 2 was a simple flat, I expect wave 4 to be complex.Between wave 4 and wave 5 we could see 2013 passing by. It is interesting to note that the bearishness felt by the hedge funds was not shared by people who invest in physical gold.Central Banks too still hold on to a lot of Gold.Any crisis like the Cyprus kind may possibly see transfer of large quantities of Gold from one Central vault to another, without affecting the supply demand equation in the market.Which only tells me that a turn down in Stock market cycle on grounds of deflation, will be bullish for gold for one more turn- which in effect could be the fifth wave. My timelines are broad and are subject to errors. So please follow the trend and do not blindly go by the dates.With Uranus and Pluto becoming square in the mid range of their 7 time square formation between 2012 to 2015 and with Jupiter moving into Gemini by May 31, there could be an euphoric blow off in the North American indices-within the next couple of months and that could be the signal for gold to begin its 5th wave. Ultimately the deflation scenario should catch up with gold as well and that will be the beginning of your bear market in Gold- this may be in 2014.
Ankit these are broad trend expectations - Please follow them only as guidelines- what Gold does on a day to day basis should be the basis for our trading bets.
Warm Regards
Suresh
Thanks Suresh ji. I agree with you on physical holding of gold. In fact the same is true for silver also. Although we have seen sharp correction in silver but not many people have to come out to sell physical silver. In fact value investors have started accumulating physical silver and waiting for certain levels to cross before taking on the leverage position.
Regards
Ankit
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