Sun-Pluto aspects and Gold price reactions
From our vantage point here on Earth, the Sun and distant planet Pluto can be seen to aspect each other about 10 times anually if one considers the 0,60,90,120 and 180 degrees aspects. At each of these aspect events, the price of Gold will offer up a reaction, sometimes positive and sometimes negative. Sometimes these price reactions can end up foreshadowing some very sizeable and powerful moves. Each of these aspects can take up to several days to manifest itself, as Pluto is a very slow moving planet. So, traders should be alert for price reactions up to 4 days before and 4 days after the stated aspect date. The most recent aspect occurred on Dec 30 when Sun was at 0 degrees to Pluto. In response, Gold prices (basis the Feb futures contract) rallied from $1660 to $1695, but alas could not hold the gains. Gold then was soundly spanked back to the $1626 level. All of this occurred within a 5 calendar day timeframe. Since getting spanked back down, Gold prices have been staging something of a comeback. Will this rally continue? That I cannot answer for sure. But I can say this – in the timeframe around March 1, 2013 there will be a Sun-Pluto 60 degree event. I can also say that there will be a Sun-Pluto 90 degree event in the timeframe around March 31, 2013. Watch these two timeframes for what should be some interesting moves on Gold….