Precious Metals Market Timing
Gold Triangles
Ron Rosen
May 2, 2005
Triangles in your social or
married life can lead to a great deal of trouble, frustration
and loss of money. For some strange reason triangles on a gold
chart can do the same thing. They can excite your imagination,
amongst other things, and cause you to make the wrong move. I
am not saying that triangles can't produce lasting happiness.
However if you are going to rely on a triangle on a gold chart
to produce profits it may be a prudent idea to see how well this
triangle has performed in the past, particularly on a gold chart.
To that end I have posted two sets of charts. The first set is
a daily and weekly from December 1974 and the second set is a
daily and weekly from December 2004. While you are reviewing
these charts I would ask you to consider the possibility that
there may be a 30 year cycle sneaking up on us. There is much
being written about this beautiful triangle on the gold chart
we are living with today. Beautiful?
Maybe, maybe not.
Daily from
Dec 1974
(click on chart to enlarge)
The triangle "affair"
in early 1975 led to much unhappiness, displeasure and loss of
money to the optimistic and bullishly inclined.
Weekly from
Dec 1974
(click on chart to enlarge)
Ouch! Much displeasure.
Daily from Dec 2004
(click on chart to enlarge)
Looks familiar. 1975 repeat??
Weekly from Dec 2004
(click on chart to enlarge)
Perhaps we should befriend
those two old fashioned New England Maidens, Prudence and Patience,
at least for awhile.
If I have placed the long Term
(yellow) Delta Turning Points in the proper place it would appear
that this triangle in the Gold charts will be resolved to the
downside. However I have been known to "act" improperly
on occasion so there is hope for the Bulls.
This is May first, better known
as" May Day," the day some folks dance around
a Maypole. For us "Salty" old "Swabbies"
"May Day" has a different and more unpleasant meaning.
Perhaps some can draw their own lines and or conclusions. I've
drawn mine.
May 1, 2005
Ron Rosen
email: rrosen5@tampabay.rr.com
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 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.
The Delta Story
Tee charts reproduced
courtesy of The Delta Society International.
321gold Inc
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