(15 February 2023) Gold has prolonged its decline this week
after Tuesday’s CPI print got here in increased than anticipated. Whereas nonetheless
decrease than the earlier month, the stubbornly excessive 6.4% annual fee of
inflation fee has reminded traders that the Fed will more likely to have
to maintain charges ‘increased for longer’. Increased rates of interest are typically
anathema to gold since elevated yields are usually extra engaging to
traders who obtain no such compensation for holding bullion. Gold
completed Wednesday’s session at $1845, effectively under its February 2 excessive of
$1975.
The pullback in gold just isn’t sudden as soon as we have in mind the
related planetary alignments. First, we must always observe that this week’s
Solar-Saturn conjunction at 3 Aquarius is usually bearish as Saturn’s
constraining nature tends to dam the Solar’s promise of conventional
wealth and prosperity. Because the Solar is likely one of the key planetary
significators for gold, it’s not stunning that this affliction by
Saturn ought to coincide with a big decline within the value of
bullion.
If we have a look at the 1919 horoscope for gold, we will additionally see one other
perpetrator for the present consolidation. Ketu (South Lunar Node) is
precisely transiting over the Ascendant at 12 levels of sidereal Libra.
In monetary astrology, Ketu-Ascendant configurations are usually bearish
since Ketu is related to anti-materialistic and non secular
qualities that are inimical to the world of mundane financial positive aspects.
And the sq. alignment of Mercury (11 Capricorn) to the Ascendant-Ketu
conjunction probably added to the destructive value motion for gold this
week.
Furthermore, the gold chart suffers additional affliction since transiting
Rahu (12 Aries) precisely points the Mercury-Saturn conjunction within the
natal chart at 11-12 levels of sidereal Leo. Whereas Rahu is often
much less malefic than Ketu in monetary issues, its affect right here on
Mercury and Saturn is unhelpful because it combines poorly with each of
these planets. In contrast, Rahu-Venus or Rahu-Jupiter points can
typically be bullish.
Whereas the slow-moving Ketu and Rahu afflictions might effectively depress
gold costs for some time longer, it’s fairly attainable we might see gold
take pleasure in a bounce in coming days because the Solar begins to maneuver out of vary of
its conjunction with Saturn. For the file, the precise Solar-Saturn
conjunction happens tomorrow, February 16, at 11.48 a.m. EST. This
conjunction could also be seen as a second of theoretical most bearishness
for gold within the quick time period. In fact, different concurrent influences from
the likes of Ketu and Rahu will adhere to their very own timetable.
For extra particulars, take a look at my weekly subscriber e-newsletter
which is printed each Sunday. Along with reviewing the important thing
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and medium time period, I additionally present an astrological evaluation of potential
upcoming strikes in currencies, gold and oil.
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