Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
Beware Gold Stocks Downside - 13th Dec 19
Fed Says No Interest Rate Hikes In 2020. What About Gold? - 13th Dec 19
The ABC’s of Fiat Money - 13th Dec 19
Why Jo Swinson and the Lib Dems LOST Seats General Election 2019 - Sheffiled Hallam Result - 13th Dec 19
UK General Election 2019 BBC Exit Poll Forecast Accuracy Analysis - 12th Dec 19
Technical Analysis Update: Tadawul All Share Index (TASI) - Saudi Arabia ETF (KSA) - 12th Dec 19
Silver Miners Pinpoint the Precious Metals’ Outlook - 12th Dec 19
How Google Has Become the Worlds Biggest Travel Company - 12th Dec 19
UK Election Seats Forecasts - Tories 326, Labour 241, SNP 40, Lib Dems 17 - 12th Dec 19
UK General Election 2019 Final Seats Per Party Forecast - 12th Dec 19
What UK CPI, RPI INFLATION Forecasts for General Election Result 2019 - 11th Dec 19
Gold ETF Holdings Surge… But Do They Actually Hold Gold? - 11th Dec 19
Gold, Silver Reversals, Lower Prices and Our Precious Profits - 11th Dec 19
Opinion Pollsters, YouGov MRP General Election 2019 Result Seats Forecast - 11th Dec 19
UK General Election Tory and Labour Marginal Seats Analysis, Implied Forecast 2019 - 11th Dec 19
UK General Election 2019 - Tory Seats Forecast Based on GDP Growth - 11th Dec 19
YouGov's MRP Poll Final Tory Seats Forecast Revised Down From 359 to 338, Possibly Lower? - 10th Dec 19
What UK Economy (Average Earnings) Predicts for General Election Results 2019 - 10th Dec 19
Labour vs Tory Manifesto's UK General Election Parliamentary Seats Forecast 2019 - 10th Dec 19
Lumber is about to rally and how to play it with this ETF - 10th Dec 19
Social Mood and Leaders Impact on General Election Forecast 2019 - 9th Dec 19
Long-term Potential for Gold Remains Strong! - 9th Dec 19
Stock and Financial Markets Review - 9th Dec 19
Labour / Tory Manifesto's Impact on UK General Election Seats Forecast 2019 - 9th Dec 19
Tory Seats Forecast 2019 General Election Based on UK House Prices Momentum Analysis - 9th Dec 19
Top Tory Marginal Seats at Risk of Loss to Labour and Lib Dems - Election 2019 - 9th Dec 19
UK House Prices Momentum Tory Seats Forecast General Election 2019 - 8th Dec 19
Why Labour is Set to Lose Sheffield Seats at General Election 2019 - 8th Dec 19
Gold and Silver Opportunity Here Is As Good As It Gets - 8th Dec 19
High Yield Bond and Transports Signal Gold Buy Signal - 8th Dec 19
Gold & Silver Stocks Belie CoT Caution - 8th Dec 19
Will Labour Government Spending Bankrupt Britain? UK Debt and Deficits - 7th Dec 19
Lib Dem Fake Tory Election Leaflets - Sheffield Hallam General Election 2019 - 7th Dec 19
You Should Be Buying Gold Stocks Now - 6th Dec 19
The End of Apple Has Begun - 6th Dec 19
How Much Crude Oil Do You Unknowingly Eat? - 6th Dec 19
Labour vs Tory Manifesto Voter Bribes Impact on UK General Election Forecast - 6th Dec 19
Gold Price Forecast – Has the Recovery Finished? - 6th Dec 19
Precious Metals Ratio Charts - 6th Dec 19
Climate Emergency vs Labour Tree Felling Councils Reality - Sheffield General Election 2019 - 6th Dec 19
What Fake UK Unemployment Statistics Predict for General Election Result 2019 - 6th Dec 19

Market Oracle FREE Newsletter

UK General Election Forecast 2019

Traders Only– Prepare to SELL GOLD

Commodities / Gold & Silver Jul 17, 2008 - 10:27 AM GMT

By: Ronald_Rosen

Commodities

Best Financial Markets Analysis ArticleAs many of you know, I use many different methods to achieve my trading signals but one of the most important is the measurement of TIME. We have always had the quote from W.D. Gann as the banner on this newsletter, “Time is more important than price; when time is up price will reverse.”

As I have pointed out before, TIME can be measured in many ways. Sometimes I measure in trading days and sometimes it is in calendar days whilst other times I am measuring Fibonacci ratios of previous waves in time to give us projections for possible dates for change of direction.


16th July is one of those dates . Sometimes you get one hit, better still to have two hits, but tomorrow I have no less than FIVE hits. Three of those are shown on the chart below. Today is a Fibonacci 89 Calendar Days from the 17 th April high.

(1)

16th July is a Fibonacci 55 Calendar Days from the 22 nd May high as well as a Fibonacci 34 Calendar Days from the Wave E low on 12 th June.

Looking further out, tomorrow is also a Fibonacci 233 Calendar Days from the Wave 4 “B” wave high on 26 th November 2007 as well as 730 Calendar Days from the Wave 4 “B” wave high of 17 th July 2006 . Could this mean that we are topping in the Wave 4 “B” wave now? Unlikely, but possible.

(2)

It is interesting to note that both of these counts originate from “B” wave highs of Wave 4s.

So, so far we have a TIME hit for today and four TIME hits for tomorrow all using calendar days. I also have examined the TIME

counts in Trading Days and come up with another very interesting cluster which also performs the Golden Triangle. This Friday, 18 th July, is 55 Trading Days up from the 2 nd May low and that 2 nd May low was 34 Trading Days from the March 17 th high giving us a total of a Fibonacci 89 Trading Days from the March 17 th high.

(3)

So, did we top today at $988.50, or will we top Friday? Today's high fits the bill as today wave 5 exceeded the length of wave 3 but if we are to climb to a higher high on Friday then I would be targeting $1,002.50.

It is also worth bearing in mind that we either have today or will on Friday bring in both the DELTA MTD 4 and the LTD 4 on the Metals rotation.

(4)

This means that we should have a wave 2 correction of between 50% and 78.6% which means that we are targeting a minimum retracement to $922.75 assuming that we have topped today.

(5)

 

If we go higher over the next few days and exceed today's high I shall recalculate the retracement targets. To those of you stargazers, it is worth noting that Friday is also the Full Moon which often coincides with big shifts in the markets. I shall be trading this for the Trading Portfolio sometime between now and Friday and will post on the Bulletin Board when the trade is executed. As usual, I will keep you posted via the Bulletin Board of any developments and targets as they emerge.

If you are an investor or an active trader who would like to know the price and time for turning points on gold, silver, the HUI, crude oil and stock indexes: Subscriptions are available at: www.wilder-concepts.com/rosenletter.aspx

Stay well,

Ron Rosen and Alistair Gilbert

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

James Maynard
05 Sep 08, 09:23
Selling Gold Jewelry
It's a great time to consider selling your unwanted gold jewelry. The other day the London gold price was over $900 US per ounce. Pawn shops pay reltively low prices for gold jewelry, only because they treat it as a loan where they are doing you a favor temporarily lending you cash and holding your gold as collateral. Ebay or consignment will probably yeild the highest return, but they will definately take the longest. A few companies have emerged who are online gold buyers . Some companies require that you request that a package be sent to you which you'll use to ship the gold back to them. If time is of the essence you may have a hard time waiting for that package to arrive and then be sent back. Most companies recieve your gold, evaluate it and pay you, not giving you the option to accept the settlement or not. GoldFellow(tm) (Welcome to GoldFellow.com) is a unique online gold buyer. They make it easy for you to print a pre-paid and insured shipping label; no waiting for you shipping pack to arrive. GoldFellow(tm) also publishes their pay-out prices on their website for all weights of gold. Others only tell you their highest teir payments. When GoldFellow(tm) receives your package they weigh and price each piece individually, while recording the weight via video camera. You can then log-in to GoldView(tm) and decide wich pieces you want to sell at the prices offered and GoldFellow(tm) will send your jewelry back to you, no questions asked, should you change your mind. GoldFellow(tm) is exceptionally transparent in compairson to their competitors. They have come into the market with a very reputable background. Michael Gusky, the founder of GoldFellow(tm) built the largest gold jewelry manufacturing and distibution company in the United States. Manufacturing and distributing over 300 tons of gold jewelry to the biggest department stores around; Michael Gusky's company caught the attention of world famous investor Warren Buffet, who later bought Mr. Gusky's company as an addition to Berkshire-Hathaway in 2007. If you would like to be paid top dollar for you gold, platinum and silver jewelry GoldFellow(tm) is a reputable partner that's here to serve you with integrity. Welcome to GoldFellow.com

Post Comment

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

6 Critical Money Making Rules