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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Gold Bugs Look Out Below

Commodities / Gold & Silver 2009 Nov 19, 2009 - 06:09 AM GMT

By: Ronald_Rosen

Commodities Best Financial Markets Analysis ArticleGold’s Expanded Flat Correction Major Wave Four Lasted Twenty Eight Months Between April 1974 And August 1976.


Thirty Four Years Later In The Month Of March 2008 Gold Began Another Major Wave Four Expanded Flat Correction. If The Current Expanded Flat Correction Lasts Twenty Eight Months It Will Bottom In July 2010. July 2010 Is Within The Standard Deviation For Arrival Of Ltd # 5 Low.

     Gold Monthly

Gold Should Decline Below The Low Of Leg [A] Of The Current Expanded Flat Correction. The Leg [A] Low Was $681.00.
     Us Air Force Song
          Bombs Away

The Bottom Should Occur In July 2010. Once The Gold Price Hits Bottom Below $681.00 The Devastating Explosion Gold Bugs Are Looking For Should Begin.

Subscriptions to the Rosen Market Timing Letter with the Delta Turning Points for gold, silver, stock indices, dollar index, crude oil and many other items are available at: www.wilder-concepts.com/rosenletter.aspx

By Ron Rosen

M I G H T Y I N S P I R I T

Simeon - A Picture of Patience

Ronald L. Rosen served in the U.S.Navy, with two combat tours Korean War. He later graduated from New York University and became a Registered Representative, stock and commodity broker with Carl M. Loeb, Rhodes & Co. and then Carter, Berlind and Weill. He retired to become private investor and is a director of the Delta Society International

Disclaimer: The contents of this letter represent the opinions of Ronald L. Rosen and Alistair Gilbert  Nothing contained herein is intended as investment advice or recommendations for specific investment decisions, and you should not rely on it as such. Ronald L. Rosen and Alistair Gilbert are not registered investment advisors. Information and analysis above are derived from sources and using methods believed to be reliable, but Ronald L. Rosen and Alistair Gilbert cannot accept responsibility for any trading losses you may incur as a result of your reliance on this analysis and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions.

Ronald Rosen Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

andy
19 Nov 09, 19:51
gold

pathetic


truthhurtsss
20 Nov 09, 06:50
broken clocks

A broken clock will still tell the time correctly twice a day.......


Mike
20 Nov 09, 09:48
Major wave?

It amazes me how this guy thinks he can predict what will happen. A at 641.00 was pure manipulation to try and destroy demand and prop up our fiat currency. Nobody I know trust the markets anymore. Global players like China and India are BUYING on the dips. Yes there will be a correction but not like he sees it. What is the Comex going to do? Dump all those 400oz. gold plated tungsten bars on the world. And why is Barrick gold trying to settle orders for 1.25 to 1 in cash instead of delivery of the metal?


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