Best of the Week
Most Popular
1. US Housing Market Real Estate Crash The Next Shoe To Drop – Part II - Chris_Vermeulen
2.The Coronavirus Greatest Economic Depression in History? - Nadeem_Walayat
3.US Real Estate Housing Market Crash Is The Next Shoe To Drop - Chris_Vermeulen
4.Coronavirus Stock Market Trend Implications and AI Mega-trend Stocks Buying Levels - Nadeem_Walayat
5. Are Coronavirus Death Statistics Exaggerated? Worse than Seasonal Flu or Not?- Nadeem_Walayat
6.Coronavirus Stock Market Trend Implications, Global Recession and AI Stocks Buying Levels - Nadeem_Walayat
7.US Fourth Turning Accelerating Towards Debt Climax - James_Quinn
8.Dow Stock Market Trend Analysis and Forecast - Nadeem_Walayat
9.Britain's FAKE Coronavirus Death Statistics Exposed - Nadeem_Walayat
10.Commodity Markets Crash Catastrophe Charts - Rambus_Chartology
Last 7 days
Silver Bull Market Update - 7th Aug 20
This Inflation-Adjusted Silver Chart Tells An Interesting Story - 7th Aug 20
The Great American Housing Boom Has Begun - 7th Aug 20
NATURAL GAS BEGINS UPSIDE BREAKOUT MOVE - 7th Aug 20
Know About Lotteries With The Best Odds Of Winning - 7th Aug 20
Could Gold Price Reach $7,000 by 2030? - 6th Aug 20
Bananas for All! Keep Dancing… FOMC - 6th Aug 20
How to Do Bets During This Time - 6th Aug 20
How to develop your stock trading strategy - 6th Aug 20
Stock Investors What to do if Trump Bans TikTok - 5th Aug 20
Gold Trifecta of Key Signals for Gold Mining Stocks - 5th Aug 20
ARE YOU LOVING YOUR SERVITUDE? - 5th Aug 20
Stock Market Uptrend Continues? - 4th Aug 20
The Dimensions of Covid-19: The Hong Kong Flu Redux - 4th Aug 20
High Yield Junk Bonds Are Hot Again -- Despite Warning Signs - 4th Aug 20
Gold Stocks Autumn Rally - 4th Aug 20
“Government Sachs” Is Worried About the Federal Reserve Note - 4th Aug 20
Gold Miners Still Pushing That Cart of Rocks Up Hill - 4th Aug 20
UK Government to Cancel Christmas - Crazy Covid Eid 2020! - 4th Aug 20
Covid-19 Exposes NHS Institutional Racism Against Black and Asian Staff and Patients - 4th Aug 20
How Sony Is Fueling the Computer Vision Boom - 3rd Aug 20
Computer Gaming System Rig Top Tips For 6 Years Future Proofing Build Spec - 3rd Aug 20
Cornwwall Bude Caravan Park Holidays 2020 - Look Inside Holiday Resort Caravan - 3rd Aug 20
UK Caravan Park Holidays 2020 Review - Hoseasons Cayton Bay North East England - 3rd Aug 20
Best Travel Bags for 2020 Summer Holidays , Back Sling packs, water proof, money belt and tactical - 3rd Aug 20
Precious Metals Warn Of Increased Volatility Ahead - 2nd Aug 20
The Key USDX Sign for Gold and Silver - 2nd Aug 20
Corona Crisis Will Have Lasting Impact on Gold Market - 2nd Aug 20
Gold & Silver: Two Pictures - 1st Aug 20
The Bullish Case for Stocks Isn't Over Yet - 1st Aug 20
Is Gold Price Action Warning Of Imminent Monetary Collapse - Part 2? - 1st Aug 20
Will America Accept the World's Worst Pandemic Response Government - 1st Aug 20
Stock Market Technical Patterns, Future Expectations and More – Part II - 1st Aug 20
Trump White House Accelerating Toward a US Dollar Crisis - 31st Jul 20
Why US Commercial Real Estate is Set to Get Slammed - 31st Jul 20
Gold Price Blows Through Upside Resistance - The Chase Is On - 31st Jul 20
Is Crude Oil Price Setting Up for a Waterfall Decline? - 31st Jul 20
Stock Market Technical Patterns, Future Expectations and More - 30th Jul 20
Why Big Money Is Already Pouring Into Edge Computing Tech Stocks - 30th Jul 20
Economic and Geopolitical Worries Fuel Gold’s Rally - 30th Jul 20
How to Finance an Investment Property - 30th Jul 20
I Hate Banks - Including Goldman Sachs - 29th Jul 20
NASDAQ Stock Market Double Top & Price Channels Suggest Pending Price Correction - 29th Jul 20
Silver Price Surge Leaves Naysayers in the Dust - 29th Jul 20
UK Supermarket Covid-19 Shop - Few Masks, Lack of Social Distancing (Tesco) - 29th Jul 20
Budgie Clipped Wings, How Long Before it Can Fly Again? - 29th Jul 20
How To Take Advantage Of Tesla's 400% Stock Surge - 29th Jul 20
Gold Makes Record High and Targets $6,000 in New Bull Cycle - 28th Jul 20
Gold Strong Signal For A Secular Bull Market - 28th Jul 20
Anatomy of a Gold and Silver Precious Metals Bull Market - 28th Jul 20
Shopify Is Seizing an $80 Billion Pot of Gold - 28th Jul 20
Stock Market Minor Correction Underway - 28th Jul 20
Why College Is Never Coming Back - 27th Jul 20
Stocks Disconnect from Economy, Gold Responds - 27th Jul 20
Silver Begins Big Upside Rally Attempt - 27th Jul 20
The Gold and Silver Markets Have Changed… What About You? - 27th Jul 20
Google, Apple And Amazon Are Leading A $30 Trillion Assault On Wall Street - 27th Jul 20
This Stock Market Indicator Reaches "Lowest Level in Nearly 20 Years" - 26th Jul 20
New Wave of Economic Stimulus Lifts Gold Price - 26th Jul 20
Stock Market Slow Grind Higher Above the Early June Stock Highs - 26th Jul 20
How High Will Silver Go? - 25th Jul 20
If You Own Gold, Look Out Below - 25th Jul 20
Crude Oil and Energy Sets Up Near Major Resistance – Breakdown Pending - 25th Jul 20
FREE Access to Premium Market Forecasts by Elliott Wave International - 25th Jul 20
The Promise of Silver as August Approaches: Accumulation and Conversation - 25th Jul 20
The Silver Bull Gateway is at Hand - 24th Jul 20
The Prospects of S&P 500 Above the Early June Highs - 24th Jul 20
How Silver Could Surpass Its All-Time High - 24th Jul 20

Market Oracle FREE Newsletter

How to Get Rich Investing in Stocks by Riding the Electron Wave

Silver Heading for Price Crash to $9

Commodities / Gold and Silver 2010 Jul 12, 2010 - 06:21 AM GMT

By: Ronald_Rosen

Commodities

Best Financial Markets Analysis ArticleTo put it mildly, more than a telescope will be needed to find the silver lining on the silver charts posted in this update.


There is quite a bit written about silver being manipulated. If there is any manipulation taking place it appears that Mother Nature is doing the manipulating. As the saying goes, “Don’t mess with Mother Nature.” I suggest we follow her lead. That means one more decline to below $8.40 an ounce.

“A five-wave impulse (whose subwaves are denoted by numbers) is followed by a three-wave correction (whose subwaves are denoted by letters) to form a complete cycle of eight waves.”   E.W.P.

                                         SILVER QUARTERLY
A glance at these charts and one can not help but suspect that, “Something is rotten in the state of Denmark.”  Just substitute the state of silver for the state of Denmark.

“There's a reason the words, "state of Denmark" rather than just Denmark is used: the fish is rotting from the head down—all is not well at the top of the political hierarchy.”  www.enotes.com


                                                      GOLD YEARLY

                                            SILVER YEARLY

                                                 SILVER WEEKLY

The Long Term Delta turning points are an excellent timing tool. If you want to know just how powerful they really are, read the Delta story by Welles Wilder.  
                    http://www.wilder-concepts.com/theDeltaStory.aspx 

The Delta Turning points for the precious metals complex and a number of other important market items are available by subscription to:

                             THE ROSEN MARKET TIMING LETTER

               www.wilder-concepts.com/rosenletter.aspx

                                                                                            SILVER MONTHLY

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

dincer
12 Jul 10, 09:54
My reaction to your forecast

If silver price even comes under $10, I am sure Chinese government and investors will buy as much silver as they can. All over the world there are tens of thousands of speculators (20 or 30 years ago we could see them only in Western countries), each one of them owns a cash or cash-like portfolio worth $5-10 millions. If half of them allocate 10-15% of their portfolios to physical gold or silver, not in order to make money or profits but as an insurance policy, we cannot find any gram of precious metals anywhere but blackmarket (it is indeed a free market)


frank johnstone
18 Jul 10, 16:54
missing legs

the poorhouse is full of people who relied on technical analysis alone. Fundamentals are as important at these junctures as well as investor sentimant.

The canadian and Australian housing markets are good examples of this fact. Both are putting on an other upleg in their bubbles and this contary to what technial anaylsis predicted. Why? The human factor.


Josh Burnett
19 Jul 10, 13:33

Technical analysis relies on mathematical equations, rarely are all variables accounted for. You see the exact same scenario with weather, and there's a reason meteorologists have a reputation for being unreliable.

Fundamentals, supply and demand, fundamental psychological nature (the human element) of supply and demand, instability of fiat currencies, etc all disagree with your single set of technical charts. I think you've gotten this one wrong; not because you're charts are inaccurate in and of themselves, but you've missed about 80% of the variables.

Even if silver does go down to $8.40 it will be the buying opportunity of a lifetime.


mike
10 Mar 11, 20:41
silver

i hope you are not working for the goverment.


mike
10 May 11, 17:54
silver

Some people just don't get it no matter what, and yes you are one of them. Silver is going to continue to go up no matter what the goverment does. They can manipulate all they want. In the end it will do them no good. Hope you are not working for the goverment. You did make me laugh $8.40 an ounce? or $840.00 an ounce hahahahahahahahah!!!!


truthhurtsss
11 May 11, 07:02
don't be so hard on him

Hey, Mike don't be so hard on the poor man. There is a chance that one day he may be right. Probably after silver has made a round trip up (to..???? I am not trying to be too smart to even try to guess that level!) and then down again.

He has been trying very very hard for the last one or two years and you should give him a chance. After all he is probably only playing a game of forecast and not trading. 'Cos any real trader would have lost his shirt and pants by now trying to following that path...


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules