Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
Coinbase vs Binance for Bitcoin, Ethereum Crypto Trading & Investing During Bear Market 2021 - 11th Jun 21
Gold Price $4000 – Insurance, A Hedge, An Investment - 11th Jun 21
What Drives Gold Prices? (Don't Say "the Fed!") - 11th Jun 21
Why You Need to Buy and Hold Gold Now - 11th Jun 21
Big Pharma Is Back! Biotech Skyrockets On Biogen’s New Alzheimer Drug Approval - 11th Jun 21
Top 5 AI Tech Stocks Trend Analysis, Buying Levels, Ratings and Valuations - 10th Jun 21
Gold’s Inflation Utility - 10th Jun 21
The Fuel Of The Future That’s 9 Times More Efficient Than Lithium - 10th Jun 21
Challenges facing the law industry in 2021 - 10th Jun 21
SELL USDT Tether Before Ponzi Scheme Implodes Triggering 90% Bitcoin CRASH in Cryptos Lehman Bros - 9th Jun 21
Stock Market Sentiment Speaks: Prepare For Volatility - 9th Jun 21
Gold Mining Stocks: Which Door Will Investors Choose? - 9th Jun 21
Fed ‘Taper’ Talk Is Back: Will a Tantrum Follow? - 9th Jun 21
Scientists Discover New Renewable Fuel 3 Times More Powerful Than Gasoline - 9th Jun 21
How do I Choose an Online Trading Broker? - 9th Jun 21
Fed’s Tools are Broken - 8th Jun 21
Stock Market Approaching an Intermediate peak! - 8th Jun 21
Could This Household Chemical Become The Superfuel Of The Future? - 8th Jun 21
The Return of Inflation. Can Gold Withstand the Dark Side? - 7th Jun 21
Why "Trouble is Brewing" for the U.S. Housing Market - 7th Jun 21
Stock Market Volatility Crash Course (VIX vs VVIX) – Learn How to Profit From Volatility - 7th Jun 21
Computer Vision Is Like Investing in the Internet in the ‘90s - 7th Jun 21
MAPLINS - Sheffield Down Memory Lane, Before the Shop Closed its Doors for the Last Time - 7th Jun 21
Wire Brush vs Block Paving Driveway Weeds - How Much Work, Nest Way to Kill Weeds? - 7th Jun 21
When Markets Get Scared and Reverse - 7th Jun 21
Is A New Superfuel About To Take Over Energy Markets? - 7th Jun 21
Why Tether USDT, Stable Scam Coins Could COLLAPSE the Crypto Markets - Black Swan 2021 - 6th Jun 21
Stock Market: 4 Tips for Investing in Gold - 6th Jun 21
Apple (AAPL) Summer Correction Stock Trend Analysis - 5th Jun 21
Stock Market Sentiment Speaks: I 'Believe' We Rally Into A June Swoon - 5th Jun 21
Stock Market Russell 2000 After Reaching A Trend Channel High Flags Out - 5th Jun 21
Money Is Cheap, Own Gold - 5th Jun 21
Bitcoin and Ravencoin Cryptos CRASH Bear Market Buying Levels Price Targets - 4th Jun 21
Scan Computers - How to Test New Systems CPU, GPU and Hard Drive Stability With Free Software - 4th Jun 21
Hedge Funds Getting Bullish on Gold - 4th Jun 21
THERE ARE NO SOLUTIONS When the Media is the VIRUS - 4th Jun 21
Investors Who Blindly Trust the ‘Experts’ Will Get Left Behind - 4th Jun 21
US Stock Market Indexes Consolidate Into Flagging Pattern – Watch For Aggressive Trending Soon - 4th Jun 21
Microsoft (MSFT) Stock Trend Analysis - 3rd Jun 21
No More Market Bloodbath – Beyond Cryptos - 3rd Jun 21
Bank run, or run from the banks? - 3rd Jun 21
This Chart Shows When Gold Stocks Will Explode - 3rd Jun 21
The Meaning Behind Gold’s Triple Top - 2nd Jun 21
Stock Market Breakout Or Breakdown – What Does The Next Big Trend Look Like? - 2nd Jun 21
Biden’s Alternate Inflation Universe - 2nd Jun 21
What You Should Know Before Buying Car Insurance - 2nd Jun 21
Amazon (AMZN) Stock Summer Prime Day Discount Sale - 1st Jun 21
Gold Investor's Survival Guide - 1st Jun 21
Silver and Copper to Benefit from Global Electrification Push - 1st Jun 21
Will Gold Shine Under Bidenomics? - 1st Jun 21
Stock Market Buy the Dip, Again?! - 1st Jun 21
Stock Market Consolidation Ahead - 1st Jun 21
Stock Market Summer Correction Review, Crypto CRASH, Bitcoin Bear Market Initial Targets - 31st May 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Gold and Silver Hidden Chart Messages

Commodities / Gold & Silver 2009 Aug 30, 2009 - 01:42 PM GMT

By: Ronald_Rosen

Commodities

Diamond Rated - Best Financial Markets Analysis ArticleWe may have seen a blow off high for the 30 year T-bond when the price moved up and out of the channel that has been in effect since 1987. This channel was in place for 22 years without being violated in either direction. A blow-off high may indicate that a breach of the lower channel line will occur. A close below the lower channel line will indicate rising interest rates. That would be bullish for the U. S. Dollar and bearish for gold Vis a Vis the U. S. Dollar.


    30 YEAR T-BOND QUARTERLY CHART

This monthly chart of the 30 year T-Bond shows the 22 year channel. A final blow-off

move is often indicative of a reversal of trend about to occur. A blow-off move out of a 22 year old channel may be a warning of major changes taking place. A change of the long term trend for the 30 year T-Bond means higher interest rates.

    30 YEAR T-BOND MONTHLY CHART

And so it is that your sea-going scribe, Cap’n Ron, has warned subscribers not to expect an imminent parabolic move to the sky for the precious metals complex. In due time yes but there are indications hidden in the charts that may be telling us not yet, not yet. Some headlines from the past may have, unbeknownst to many, provided the answer to why a modicum of patience is required and should be exercised by gold aficionados.

======================================================

 

 

The Boston Globe

“BAD THINGS COME IN THREES”

 

The Boston Globe (Boston, MA)| December 8, 1999| 

    Frank Dell'Apa, Globe Staff  

---------------------------------------------------------

 

 

 

 

 

 

 

 =======================================================

Corrections in a bull market also tend to occur in three waves. The bullish impulse tends to have five waves. Not everything traded in all markets unfolds in clearly identifiable Elliott Waves, far from it! However, for whatever reasons, precious metal items tend to adhere to classic wave patterns. When classic wave patterns in gold, silver, and the HUI have been reasonably identifiable, they have been worth paying attention to. Identifiable wave patterns coupled with Delta Long Term turning points properly placed can be of substantial timing assistance. In once again posting the long term charts of gold, silver, and the HUI, I am attempting to show why we should not be overcommitted to the precious metals complex at this time.

Before I go any further please recognize that my report is technical in nature. I do not write or often comment about fundamentals. The fundamentals regarding gold, silver, the HUI, and the U. S. Dollar are amply covered in numerous letters, reports, specials, and alarming notices and books that the economic world as we have known it is coming to an end. They rarely tell us when but they do elaborate profusely on what a disaster you face if you do not have most of your assets in gold and silver. Well, maybe yes, maybe no. I, for one, can not predict the future. That is why I keep repeating that I always look for the highest probabilities. The problem with that is I will never know if I have the highest probability until after the event takes place.

What is relatively clear on a probability basis is that gold, silver, and the HUI, based on the wave theory, are missing a corrective [C] leg down of an [A], [B], [C], major correction. As I previously wrote, the wave theory for whatever reasons has been a difficult but reasonably good way to identify moves in the precious metals complex. Coupled with the proper application of the Delta Long Term turning points the wave theory becomes an excellent timing tool. Of course, you need someone who is capable of applying and identifying the turns using Delta and the wave theory. I believe that I am reasonably good at doing just that. Long time subscribers will remember that there are various ways of identifying times to be cautious regardless of how bullish the overwhelming numbers of advisors are.

I believe, based on the Delta Long Term turning points coupled with the wave theory, this is a time to be cautious and aware of a potential severe decline in the precious metals complex. On to the charts and the missing third legs down. Being an old sea Cap’n, I guess you can say that I am looking for “Peg Leg Pete.” He is our crew member who can tell us much about missing legs.

Gold bullion has completed 5 waves up and is working on its 3 waves down. The final [C] leg down of the 3 wave correction is missing and may soon begin. When the [C] leg is complete the next bull phase should begin.

 

A key reversal on this chart is represented by a half red, half blue vertical monthly line. The (W) leg down had a key reversal. The probable (Y) leg down began with a key reversal.

double zigzag      

       SILVER MONTHLY           

A key reversal on the HUI chart is represented by a half red, half blue vertical monthly line. Every key reversal since the bull market began has resulted in a decline.The (W) leg down began with a key reversal. The probable (Y) leg down began with a key reversal.

double zigzag      

  

HUI MONTHLY           

If the projected final [C] legs down in gold, silver, and the HUI are as severe as the charts may be telling us, the opportunity to buy low priced gold, silver, and precious metal shares will be extraordinary. This [C] leg down that I am describing will not be the beginning of a prolonged correction; it will be the end of a prolonged correction that began in March 2008.

The enemy of the bull market in the precious metals complex has proven to be a rising U. S. Dollar. Just as the precious metals appear ready to complete a final [C] leg down in their prolonged bull market correction, the U. S. Dollar Index appears ready to begin its final [C] leg up in its major bear market rally.

   U. S. DOLLAR INDEX 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

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.


Post Comment

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