With the situation in Iraq spiraling downward so precipitously and lots of uncertainty hitting the markets for Crude Oil, it shouldn’t be too surprising to see Gold getting some extra attention.
The yellow metal typically climbs in price whenever there’s some kind of geopolitical crisis brewing.
But in this case, we need to be paying attention to Gold trading astrology, too. It looks like Gold is getting some help from the Sun/Kronos combination that has had such a profound effect on the price of the precious metal in recent years.
In particular, we got a Sun/Kronos parallel last week as Gold was moving into rally mode; that parallel of declination will be coming into play toward the end of the month, as we get ready for the Sun/Kronos conjunction on June 29.
My expectation is that the Sun/Kronos conjunction then will give us the trigger we need for a substantial rally in Gold as we move into July and August.
If that’s the case, then the response we’ve seen in the last week with the Sun/Kronos parallel is just a preview of coming attractions!
By the way, you can see a chart for Gold that features the Sun/Kronos dynamics on the FinancialCyclesWeekly.com website. Check it out at:
And while you’re at it, be sure to print out the list of Sun/Kronos alignments at: