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Gold and silver on to new highs
Celestial Rhythms
By Khoji J Vihara
I’ve been watching gold and silver prices for many years. Being an astrologer, one of the big questions had been to find an event that would reflect our modern society’s relationship with precious metals. If we could zoom in on such an event, its astrological chart would make for a powerful tool to understand, follow and predict price development.
Reading a well-researched article on gold and silver’s past 100 years history it became clear that August 15, 1971 was the day when everything changed from ground up. On that day President Richard Nixon revoked the gold exchange standard, thus setting the pretext for precious metals prices to take on a life on their own. On that historic day, paper money lost its very foundation.
Since times immemorial and throughout all different cultures, gold and silver have been the universal currency. On August 15, 1971, the carpet was pulled; paper money got out of touch with reality. The stage was set for massive inflation coupled with devaluation to start setting in.
Within less than three years paper money devalued over 500%. To no surprise governments and banks got scared.
Determined to break gold’s back, from 1974 to 1976 gold prices were brought down almost 50%, from $197.50 to $103.
Since then, over and again, for some periods governments and banks succeed derailing this development. However, each time a point arrives when it becomes impossible to bring prices down any lower.
From 1976 into 1980, gold soared 800%, to $850 per ounce. And then, through the eighties and nineties gold prices came down to $250. From there on into September 2011, again gold prices took off, shooting up almost 800%.
I back tested the chart for August 15, 1971, 0:00h, Washington, DC. I found that big price movements have been strongly supported by planetary transits.
Looking at what’s going on right now in the stars reveals very clearly that this latest attempt to cap the value of precious metals has just about run of steam.
This is most evident as Jupiter by transit is approaching the degree of the August 1971 Sun, at 21° 41′ Leo. On December 8, Jupiter will turn stationary retrograde at 22° 38′ Leo, embracing the Sun!
From October 11, 2014, until February 6, 2015, Jupiter will be within four degrees; from October 25, 2014, until January 22, 2015, within two; and from November 3, ’til January 13, the royal planet will be within just one degree of the Sun!
It so happens that on November 30, Switzerland will be holding a referendum which might require the Swiss National Bank (SNB) to more than double its gold reserves. If this gold initiative gets a majority, the SNB would have to purchase 1,500 tons of gold over five years. Regardless whether this referendum succeeds, for the weeks prior we could see a substantial boost, just because gold will be in the news.
Fifteen hundred tons of gold is a huge amount. According to the latest report from the World Gold Council, as of August 2014, global official gold holdings totaled 31,812 tonnes.
1 United States 8134
2 Germany 3384
3 IMF 2814
4 Italy 2452
5 France 2435
6 Russia 1113
7 China 1054
8 Switzerland 1040
9 Japan 765
10 Netherlands 613
11 India 558
12 Turkey 512
13 ECB 503
14 Taiwan 424
15 Portugal 383
16 Venezuela 368
17 Saudi Arabia 323
18 United Kingdom 310
19 Lebanon 287
20 Spain 282
