Gold Long-term Elliott Wave Pattern

By: Ronald_Rosen

SUNDAY SERMON - SIGMUND FREUD (1865-1939) “He was a medical doctor who specialized in neurology.

Freud considered personality to be like an iceberg; most of personality exists below our level of awareness, just as the massive part of an iceberg is beneath the surface of the water.

Freud believed that most of the important personality processes occur below the level of conscious awareness. In examining people’s conscious thoughts about their behaviors, we can see some reflections of the ego and the superego. Whereas the ego and superego are partly conscious and partly unconscious, the primitive id is the unconscious, the totally submerged part of the iceberg.
How does the ego resolve the conflict among its demands for reality, the wishes of the id, and constraints of the superego?

Through defense mechanisms, the psychoanalytic term for unconscious methods the ego uses to distort reality, thereby protecting it from anxiety. In Freud’s view, the conflicting demands of the personality structures produce anxiety. For example, when the ego blocks the pleasurable pursuits of the id, inner anxiety is felt. The anxiety alerts the ego to resolve the conflict by means of defense mechanisms.

 Repression is the most powerful and pervasive defense mechanism, according to Freud; it works to push unacceptable id impulses out of awareness and back into the unconscious mind. Repression is the foundation from which all other defense mechanisms work; the goal of every defense mechanism is to repress, or push threatening impulses out of awareness.”
   www.essortment.com › People & Culture

     UNIQUE PERSONALITY AND CHARACTERISTICS
     By W. D. GANN
“The farther back you have a record of a stock or commodity and the more you study it, the more you will understand its actions and know when it is making tops and bottoms. You should become thoroughly acquainted with the stocks and commodities you trade, and by studying them, you will learn their individual moves which are peculiar to themselves.”
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“Repression is the foundation from which all other defense mechanisms work; the goal of every defense mechanism is to repress, or push threatening impulses out of awareness.”   Sigmund Freud
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Is the truth about Gold’s innate repetitive personality being repressed by gold bugs? It does appear that a wave four expanded flat correction is inherent in gold’s personality.  

Click here
V
 I Saw the Light    expanded flat
     

Gold coins and bars should be considered an insurance policy. I do not believe that they should be sold regardless of a decline in their price. The percentage increase in the precious metal shares is a multiple of the rise in the price of gold. The percentage decrease in the precious metal shares is a multiple of the decline in the price of gold. The shares are obviously more volatile than the metal. There is more hope for riches placed in the shares than there is in the metal. That hope gets dashed easily on the way down. Speculators in gold and silver have their hopes for riches dashed on the way down but gold has a hard core of holders that refuse to have their holdings dislodged by fluctuations. Holding the metal gold as insurance is the way to proceed until the financial and economic mess that we are living with is resolved or at least mitigated.

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

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.

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