Oil and gold hit record highs again today. Crude closed up $4 to $104.75 as the double barreled beneficence of the Moon with Venus transiting the equal 9th house cusp of the futures chart proven to be a very bullish combination. Gold rose $22 to $988. I think tomorrow will be quieter especially given the Moon-Saturn opposition that occurs midday New York time. A small drop (<1%) is likely in prices.. Gold will likely continue rising Friday though and may break through the $1000 barrier as the transiting Moon conjoins the natal Jupiter. If it doesn't do it Friday, then Monday or Tuesday.
The Euro finished above our forecast range to close at 1.527. Thursday will take it down substantially, back under 1.52 and possibly touching 1.515 intraday. Friday looks like an up day, especially in late afternoon trading (CET) as the transiting Moon approaches the natal Jupiter. I would expect a close above 1.52.
Stocks in New York finished modestly higher as we forecast. The Dow closed at 12,254 up 41 points and the S&P ended the day at 1333 up 6. Tomorrow looks like a down day, although I think we'll stay above support levels (12150/1320) by the close.
Bombay and Tokyo finished higher yesterday and look poised to continue the upward swing Thursday. The Sensex may reach 16,800. Friday looks quite negative. Look for the BSE to test its support levels of 16,200 at some point in the day. It may break through but will likely finish above it by the close.
