In an interview with Bloomberg Tuesday, Goldman Sachs’ Jeffrey Currie said that he expects gold could eventually fall below $1,000 an ounce as the “worst is yet to come.”

“With the more positive outlook on the dollar, and with debasement risk starting to fade, the demand to use gold as a diversifying asset against the U.S. dollar becomes less and less important,” said Currie in his interview with Bloomberg.

“There is a probability that the market trades below $1,000 this year given our broader commodity view,” he added.

Goldman Sachs isn’t the only firm that is negative on gold prices. Tuesday, ABN Ambro said in its weekly research report that it also expects gold prices to fall to $1,000 an ounce by the end of the year and $800 an ounce by 2016.

According to data compiled by SPDR Gold Shares (NYSE: GLD), the world’s biggest gold-backed ETF, gold held in its reserves has seen a sharp drop, declining by 21.75 tonnes since the start of the month.

In a research note published Monday, analysts at Barclays said that they will be watching $1,100 and $1,000 an ounce very closely over the coming weeks.

Let us have a close look at the  Gold Charts before we start Predicting the Future of Gold .

The Graph shows sudden steep fall after 14th July 2015 The day Jupiter Ingressed in Leo sign and making conjunction with Venus and  aspected by Retrograde Saturn in close degrees .

As per the chart above the Prices of Gold have been falling since Jan 2015 from a Level of 1300 dollars to 1087.80 on the 22nd July 2015

Now Let us see the Chart of Gold for the last 5 years. The chart shows the highest figure of 1900 dollars  in July 2011

Let us see the Gold chart for the last 10 years as below. It is obvious that the Prices of Gold were as low as 422 $ in July 2005.

Now see the Figures of 1980 and ,2011 below

The upper portion of this chart is the great 1977-1980 gold parabola that blew up on January 21, 1980.

The lower portion of the chart uses the Excel spreadsheet to recreate this parabola (in blue). The red line is the price of gold from the beginning of the current C-wave (April 16, 2009). The green line is essentially a duplication of the conclusion of the great 1980 parabola ‘glued’ onto the current gold price.

I am showing you this in the context of historical perspective and not in the context of price prediction.

Let us also see the  Reasons which led to the Down slide of Gold to 5 year low of 1087.80 $ after 14th July 2015

Here are 7 reasons for Gold Falling  across the world:

1. Curb on Gold import
Tough measures taken by both the government and the RBI to curb gold import amid slowing investment demand against the backdrop of a strong rally in equities, which is emerging as a preferred investment asset class, are taking some sheen out of the yellow metal.

2. Higher domestic Gold inventories
India was the top consumer of the metal in 2014 and the second biggest after China in the first quarter of this year.

Higher domestic gold inventories is also having an impact on price movements of the the yellow metal, a bullion trader said.

3. Concerns over Monsoon
Demand for gold in India is also sluggish as concerns over a weak monsoon still remains.

Farmers are key to the country’s bullion demand.

Nearly two-thirds of India’s gold demand comes from rural areas where jewellery is a traditional store of wealth for millions who have no access to the formal banking system.

4. Massive selling in China
China on Monday dumped a huge amount of gold on the market, causing the price of the precious metal to fall drastically.

Reports that China gold reserves were half the expected level added additional selling pressure on gold.

According to reports, some 33 tonnes were sold in the Shanghai spot market on Monday the 13th July 2015 as investors sought to shift focus to other avenues. 

5. Stronger US dollar
A stronger greenback makes dollar-denominated commodities more expensive for buyers using weaker currencies. That tends to dent demand and, in turn, pull prices lower.

In wider markets, the dollar hit a three-month high against a basket of currencies, making dollar-priced gold more expensive for holders of other currencies.

“The current downswing in Indian gold prices is directly related to the strengthening of the US dollar in recent times. We are hoping that the present trend may be arrested soon and the prices could stabilize within a month or so,” said Mumbai Jewellers’ Federation president Rakesh Shetty.

6. Worry over US Fed rate hikes
Irrational exuberance in the gold market
March 05, 2004

Investors who bought gold in late 1979 or early 1980 lost fortunes. Understanding what happened then will hopefully make sure we don’t lose ours when irrationality strikes again, which it will.

Irrational expectations of the gold price in 1979 and 1980 were rooted in the early 1970s, specifically the Arab-Israeli war of 1973. This was the catalyst, albeit perhaps only one of many, that escalated tension between the United States and the Middle East for the remainder of the ’70s.

Shortly after the war, Arab members of OPEC took control of the organization and raised the oil price from $3.00 a barrel in October 1973 to $11.65 in January 1974, a 288% increase in just four months. Furthermore, the United States and the Netherlands were completely cut off from OPEC oil because of their close ties to Israel.

The scarcity of oil and the increase in the oil price hurt the US economy and, in conjunction with double-digit dollar inflation (M3 increased by an average of 13% from 1971 to 1974), caused a significant increase in consumer prices. The US Consumer Price Index (CPI) jumped 11% in 1973 and 9.1% in 1974.

Yet throughout this time the gold price remained faithfully close to its theoretical value (see chart below and last week’s column). From 1973 to 1975 the average gold price remained within 16% of its theoretical value – not an unreasonable amount of volatility for any market.

Gold has breached key support levels as the dollar gained after Federal Reserve Chair Janet Yellen told Congress last week that the Fed is on course to raise interest rates if the US economy expands as expected.

A rise in US interest rates will attract investors to the dollar for higher returns, driving up its value.

7. Uncertainty in international commodity markets
Heightened uncertainty in international commodity markets amid geopolitical developments in the aftermath of Greek debt deal and the historic nuclear agreement between Iran along with the world powers too weighed on bullion trade.

Surprisingly Jupiter is Transitting in the 8th house of China from 14th July 2015 and in the Paksha Kundali of the 16th July it is  GK as per Jaimini Karkas and  has influenced China Maximum. Jupiter is also in Gandantha in the Paksha Kundali. China had to sell 33 tonnes of Gold . 

Let us now analyse the situations which Lead to Gold slip sharply after 14th July 2015 Astrologically

Before we do that Let us first Write the Parameters which influence Gold

In this article I am trying to formulate some Principles which influence the Prices of Gold Astrologically.

The charts which are important are the Hindu New Moon Pieces chart, Solar ingress charts along with PakshaKundalis, I am using Jaimini Karkas since they will be same for all the countries in Transit and I have found good results coming from them as per the past Experiences.

According to VyparRatnaGoyal publication the following points should also be borne in mind while analysing the Prices of Gold.

1.  Rahu-Kaal  The Prices can take a Reverse turn. Day to Day Prices of Gold
2. The Day you have to see the prices of Gold, if Sun in own nakshatra , there will be rise in Prices.
3. Prices of Gold will depend upon the Solar ingress in a Particular Hindu month as per the Monthly Solar Ingress Chakra.
4. If Solar ingress is taking place at the time of Krishna Paksh then there will be bullish trend in the prices.  If Solar Ingress is taking place in a Particular day andAmavasya is also falling in that day then there will be rise in the Prices.
5. At the time of Solar ingress the Nakshatra  gives us indication of Rise or fall in prices according to Sankranti Muhuratha and are of 3 kinds  15th Muhuratha, 30 Muhuratha and 45 muhuratha.
6. 6. The Day of ingress and the Nakshatra Results are seen from another chakra.
7. BrihatSamhita clearly  says the Gold should be Purchased , when Sun is in Leo and should be sold after  5 months to gain profits  in general.  Hence good Buying time in August-Sept. 2015   Now some other Parameters .
8. Natural significators of Gold are Sun , Jupiter and Aries sign ,  Karka for Price is Venus. When ever Sun is forming a Rajyoga in a good house the Prices of Gold will become Bullish.If Jupiter , Aries sign are afflicted then bearish and Down slide of Gold
9. When Sun enters Sagitarius the prices of gold start to go up.  When ever Sun is in Kendra from Aries Gold should be sold to make profits.  When ever Sun will ingress in 6/8/12 house from Aries it has the chances for the gold to drop normally, but if forming yogas then the prices may go up.   When in a friendly sign the chances of Gold to go up are there .
10.  Jupiter and Sun remain in a sign then prices will go up.
11.   Solar ingress chart of Aries, Cancer, Capricorn, Libra given importanc to see the Placement of Sun and affliction on it.The PakshaKundalis to be seen accordingly to assess the day of fall or rise..

 Some more  Parameters for Rise in Prices

1. Mars Retrograde then the prices go up by 15 to 25 % . Mars will go in Retrogression on the 17th April 2016
2. Mars in Taurus , Leo, Virgo  and Capricorn ,Rise in Gold prices ,   Therefore Prices can rise after 15th Sept. 2015  and after Mars ingresses in Virgo on the 3rd Nov. 2015 prices may be volatile .
3. Mercury, Venus and Jupiter in Leo and in Leo navamsha maximum prices  of Gold expected .Mercury, Venus, Jupiter will be in Leo on the 4th August 2015. Jupiter will be in Leo Navamsha on the 15th Sept. 2015 to 30th Sept. 2015. Mercury,Venus, Jupiter all the 3 will be in Leo from 4th August to 13th August 2015, hence possibility of Gold Bouncing back in Sept. 2015 when Jupiter is in Leo Navamsha 
4. Sun In Libra then Gold prices go up normally  , hence from 17^thOct to 16^th Nov. Prices can go up, but, Jupiter  should not be afflicted,  Sun is Placed in the 4th house and is also vargottam . Sun is also in Jaimini Rajyogas.  Sun is DK aspected by Jupiter Amk and Mars the 5th lord , similarly Jupiter is also in Rajyogas , but Jupiter is afflicted along with Aries the downslide of Gold is possible. This Parameter is crucial. 
5. Best time to Purchase Gold is when Sun in Leo 16^thAugust to 16^thSept.2015, normally, but prices will surge after 15th Sept. 2015
6. Rahu  and Mars together in a sign will be together on the  3rd Nov. to 24th Dec. 2015, Prices can surge after Sun in Scorpio. 
7. Jupiter Retrograde Bearish and Bullish Jupiter will be retrograde  Jupiter will not be retrograde in the year starting from July to Jan 2016, but becomes Retrograde in the 9th navamsha at 29.09 degrees on the 8th Jan. 2016 and on the 9th Jan 2016 Rahu is degree conjunct with Jupiter in Leo and also in the Sagitarius  Navamsha 
8. Rahu in Cancer steep rise.
9. Sun in Bharini, Krittika, Punarvasu  Prices will go up Sun  has crossed Punarvasu  Nakshatra
10. Venus in Rohini and Saturn in Krittika  then Prices go up.
11. Jupiter Exhalted and in Leo Navamsha is good for Price rise for Gold like in the Present context, but Jupiter should not be combusted. Jupiter Exhalted and Vargottam there was a steep hike in a day.                                                                                                                                                                                                               
12. Sun Forming yogas and unafflicted in Aries ,

Down Fall in Gold Prices

1. Sun in Anuradhanakshatra . Sun Goes in Anuradha nakshatra when Sun is in Scorpio and in the 8th house from Aries , Hence the Prices can be bearish when Sun ingresses in Scorpio.  Sun will be in the 4th house with Leo Lagna , Sun will be with Saturn but in Jaimini Rajyoga of DK and PK, hence the Prices may not drop
2. Mercury in Pushya nakshatrain  Cancer  sign.Mercury will remain in Pushya nakshatra till 28th July 2015 , hence the drop in prices could be till 28th July 2015 
3. Mercury in Gemini   was there till 20th July 2015 and we saw the Steep slide of Gold to a low mark of 1087 $.
4.  Jupiter in Bharini in Aries sign
5. Venus in Punarvasunakshatra  in Gemini and starting cancer sign.
6. Venus in Jyestha nakshatra.
7. Saturn retrograde  Gold drops and aspects Sun at 180 degrees maximum fall,Saturn is Retrograde till 2nd August  2015 , hence after this Period the Prices of Gold may not drop
8. Jupiter ahead of Sun and rising in East . A the moment Jupiter is rising in the East and at the time of Sun ingress in Leo the 17th August 2015 both will be conjunct. Forming Rajyogas in the 11th house , Sun is with Jupiter , 9th and 10th Lord  and in Navamsha Sun is Exhalted  and Jupiter in the 3rd from Sun and Aries. As per Jaimini also  Sun is DK, Moon is AK Jup is PK and in navamsha Sun is Exh. aspected by 5th Lord and GK  and Jupiter is aspected by Moon AK, hence there is every Probablity that Good may bounce back in August 2015 -after 15th Sept. 2015
9. Mercury after Sun immediately   west rising, Mercury is before Sun in the Solar ingress chart hence no fall
10. Saturn combusted in the west  Not applicable now
11. Mars leaving Taurus sign. Not applicable now                                                                                                                                                                                                                            

12. Gold prices go down when Saturn and Jupiter are at angle with Pluto, Gold Prices were peak high when they are all conjunct, also when Jupiter and Pluto conjunct and Saturn Trine. At the Moment Saturn in 12th from Pluto and Jupiter in Trine from Pluto, hence possibility of Prices going up.
13. Pluto is in Sagitarius and when Saturn ingresses in Pluto on the 28th Jan 2017 , Saturn and Pluto will be conjunct and Jupiter will be then in angle the Prices could  become Bullish and Bearish
14. Combustion of Jupiter bad for Gold Prices, Jupiter will be combusted in the Solar ingress chart of 17th August , but both are  3/11 axis in navamsha  , hence the combustion is negligible, hence prices can be bearish. The Parameter which is most critical is Affliction to Jupiter and Aries sign , then Prices go down. Jupiter in Planetary war will cause downfall in Prices.

Prices were at the top and all time high  in Sept 2011 at $1923   Saturn, Jupiter, Pluto and Sign Aries  control Gold as mentioned above  , 15.Bad aspects 180 degrees is 7^thAspect and 3^rdAspect 90 degrees  create low prices , until new Positive aspects starts

16. Mars  ingress in Aries the prices of Gold  come down.

17.Commodity does not flourish till a malefic is in the sign, except  Upchaya from the sign if malefics then the Price goes up.

18.When a Particular sign comes in the influence of a Powerful malefic then it Perishes.

19.Saturn aspect on Venus, Jupiter and Mercury and stationary on the 5th August is a crucial Parameter , it will aspect degreeswise. There could be Steep Rise since it is also becoming Direct.

19. Approximately every 2 years  Sun meets with Planet Mars exact conjunction in Aries , then Gold exhibits bad volatility

20. When  ever a Planet signifying Gold is in inimical sign  and aspected by malefic Rahu they will Plummet, if the sign ruled by the said Planet comes under benefic aspects of Luminaries , the Prices will rise, On the 8th March 2016  day of Eclipse the above parameter is activated  , which is getting repeated after 36 years  and in the cycle of Jupiter and Rahu. Similair Planetary Alignment took place way back  on 16th Feb. 1980

Lunar Eclipse on the 2nd March 1980 The  Solar Eclipse took place on the 16th Feb 1980 04-51 hrs. See the chart below

Let us now see the Eclipse of the 8th March 2016 20-54 hrs. what ir foretells

 If we compare the 2 charts and the planetary positions we would appreciate the results therein

Let us see the Figures of 1980 when there was a surge in Gold.The Prices surged to maximum on the 21st Jan 1980 of 850 $ , which is evident from the Solar Ingress of Capricorn sign 

Let us see the Solar ingress of Sun in Capricorn on the 14th Jan  1980 19.58 hrs . when the Prices surged .

Sun is placed in the good house  from Aries and sun is vargottam, , Sun in Raj yogas of Mars Amk aspecting it Mars is also the 5th lord  Sun is also DK, in navamsha  Sun is aspecyed by Venus PK and Mercury AK

Jupiter  in Leo with Mars Amk and 5th Lord and aspected by DK Sun  and in Navamsha , it is aspected by Sun and Mars strengthening the yogas

Aries sign is not afflicted and also aspected by Karkas Jupiter , Mars and 5th Lord   and placed in the Kendra and the 10th house .

Pluto is with Saturn conjuct in Virgo and in 2nd from Jupiter.

Jupiter, Sun and Aries placed well with Rajyogas.

All Parameters mentioned above are activated for rise in the gold Prices

Let us also see the Time when Gold Surged in Sept. 2011

Let us see the Gold chart Below, The Prices surged on the 5th Sept. 2011 to 1895$

Let us see the Solar ingress chart of the  Sun in Leo  on the 17th August  2011 11.49 hrs below 

Sun in own sign and Exhalted in navamsha in good houses, Jupiter in aries and in Navamsha it is is in Leo navamsha , excellent placement of Karkas and Sign  Prices rocked at 1895 $. on the 5th Sept. 2011. Saturn was in Kendra from Pluto and Jupiter in Trine 

Let us now see the Solar ingress in Cancer on the 17th July 2015 for the steep fall in Gold Prices  Below.

Moon is in the nakshatra of Pushya , which is the Nakshatra of  Moon as per Vypar Ratna, hence the Prices of Gold can Fall.

As Per the Solar Chakra the month is Shravan and the Ingress has taken Place in the Month of Asadha, hence untoward results. Since the Ingresss is in Cancer the first 10 days are Results giving and till 26th July the Prices can take a hit as far as the gold is concerned. Since the Ingress has taken place in the Shukla Paksha , then first Gold and Silver take a hit till 10 days and then Bounce back. The first 10 days the culptits will be brought to book.As per the nakshatra the Muhurat is in 30th Muhurat  and since the Nakshatra is Pushya the Results as per the chakra on the Page 108 will be Neutral.Moon in Pushya Nakshatra gives fall in Gold Prices 

Sun is DK , aspected by R Saturn PK , but Jupiter is in Gandantha and GK and no Rajyogas , although in good houses from Aries , Both Jupiter and venus also aspected by Retrograde Saturn in close degrees . Aries sign is aspected by GK  Jupiter is extremely bad and hence  the Prices of gold will  slide down. .

Let us now see what would be the Future of the Precious Metal Gold According to the Solar ingress charts and applying the Jaimini Karkas and Placement

In  the Solar ingress of Leo on the 17th August 2015 at 12.25 hrs .  Sun, Moon, Jup, Mercury all in the Sign of Leo  forming a Rajyoga of AK Moon, PK Jup, DK Sun and  no affliction on the Aries sign, In Navamsha Sun is Exhalted, , Jupiter PK aspected by Moon AK and Venus Amk, the Rajyogas are strengthened , bit Aries sign  is aspected by GK Saturn also hence there will be increase in the gold prices Steadily but prices may not fall. Aries is strongly aspected by 3 Karkas in Ingress chart and in Navamsha Exhalted Sun is also aspecting.

Day is Monday Tithi is Sukla Tritya and Nakshatra is U Phalguni, As per the nakshatra of Sun is good for the rise in Prices of Gold. As per the nakshatra it is the 30th Muhurat and hence neutral results , but there will be rise in Gold Prices

In the Solar ingress chart of Libra of 18th Oct. 2015 00-16 hrs. Sun is in Rajyogas as DK aspected by Jup Amk, and Mars 5th Lord . Jupiter and Sun both Placed well from Aries sign , Aries is also aspected By AK, GK, Amk,and 5th Lord , hence strong Rajyogas , In navamsha Sun ,Jup and Mars together again strengthening the Rajyogas of Sun, and Jupiter in Libra sign .In Navamsha Aries sign is having Mercury PK , giving strength. The chart of Solar ingress in Libra is stronger than Solar ingress in Leo and Cancer any day. It seems Gold will start incresing after 17th August and after 18th Oct 2015 steadily.The concern is Jupiter in Planetary war  Mars and Jupiter at same degrees at 20.00 and Mars is always the winner , and being a Karka for Gold , Gold downslide can take place during this Period.

Solar ingress of Sun in Sagitarius on the 16th Dec. 2015 at 15-00 hrs  Sun is placed well from Aries and as DK is aspected by Mars Amk, In navamsha  Sun is Exhalted and aspected by Saturn who is PK and Mars Amk Makes Sun strong.

Jupiter is AK, placed well from Aries, and aspects aries sign together with Saturn who is PK making Aries strong, , In Navamsha Jupiter is in Sagitarius is good. The main feature in the Solar ingress is M ars and Rahu together a feature which signifies prices of Gold to rise 

Solar ingess in Capricorn on the 15th Jan 2016 01-27 hrs. , also shows  Sun DK aspected by Jupiter Amk and both well placed from Aries and Aries aspected by Jupiter   is good for the Rajyogas of the 3 Parameters for rise in the Gold prices . In navamsha , Sun and mars are together DK and PK, Jupiter is in Sagitarius with Mercury AK is again forming Rajyogas and strong ones , there is no affliction to Aries sign , hence the Prices of Gold  will escalate . 

Solar Ingress of Aquarius on the 13th Feb 2016 14-40 hrs there are Rajyogas for Aries, Jupiter and Sun..

Hindu New Moon  Pieces Chart of 2016 of 7th April 2016 16-53 hrs. Sun is in Rajyogas , Jupiter is in Leo and aspects Aries where GK mercury is placed but aspected by 5th Lord Saturn and PK Mars but Saturn is in Retrogression , hence there could be bearish and bullish trends as well 

Jupiter has a cycle of 12 years and Rahu has a Cycle of 18 years  and the Lowest common factor between them is 36 years and in the year 1980 when Jupiter and Rahu were to Conjunct  the Prices of Gold Escalated , Now that the cycle of 36 years will be complated in Jan 2016 and  there are full Possibiliites that the Gold may surge back or even crossthe  1400 $ mark .

At the time of Surge in Gold Prices in 1980 Saturn was in Conjunction with Pluto in Virgo and Jupiter in Leo,  In Sept 2011 Saturn was in Kendra from Pluto and Jupiter in Trine and Gold was at the Maximum.of 1895$ .Now in 2015-2016 Saturn is in 12th from Pluto and Jupiter in Trine , hence when Saturn ingresses in Sagitarius in Jan 2017 and Jupiter in Libra will be a good time for Gold to Surge, till 17th August 2016 Jupiter will be in trine from Pluto will be good for Gold Surge

In a Nut shell it so seems that Gold may Bounce back after 15th Sept 2015  and may cross the previous high mark around the end of the Year Nov. 2015 and cross the Previous mark in Jan 2016.  The Variation in Gold Prices is also an indication of the future Recession in the globe for which I have already written an Article “Will The Solar Eclipse of March 2016 Bring Decline in the US Economy” link https://www.astrodocanil.com/2015/05/will-the-solar-eclipse-of-march-2016-bring-decline-in-the-us-economy/ Dated 23rd May 2015.  Around this Time of the Eclipse of March 2016 the Prices of Gold may again decline as it did in 1980 after a steep rise , The Planetary positions are similiar to the one in 1980 and Jupiter cycle of 36 years along with Rahu Cycle of 36 Years will also be completed .

Jyotish Acharaya anil aggarwala 23rd July 2015 16-55 hrs 

Disclaimer: This is only Astrological analysis of Gold Prices and not a Personal opinion of the writer .The writer does not hold himself responsible for any individual or a Corporate investing in Gold according the Predictions made in this article and making any losses thereof. The Corporate  or the individual will be fully responsible for the consequences and the results of the same  . The writer will not be responsible in any case for the losses made therein.

Some corrections Made on 14th Oct. 2015