Gold Bugs Look Out Below
Commodities / Gold & Silver 2009 Nov 19, 2009 - 06:09 AM GMT
Gold’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.
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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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