 Precious
Metals Market Timing
The Golden Triangle
Ron Rosen
Aug 9, 2005
It is clear to one and all
market technicians that technically gold has formed a triangle
on the chart. Many technicians say this means a breakout to the
upside and further gains for the price of gold. The Delta turning
points tell us just the opposite. There may be a momentary false
breakout to the upside but it will be quickly followed by a move
down.
A careful review of the two
charts posted below will tell you a few things about the direction
of the gold price. Medium #4 high is dead ahead and will give
impetus to the false break out. Medium #5 low and Long Term #4
low will be providing a very strong pull to the downside. Delta
tells us the price of gold is headed down.
I posted the second chart of
gold for the specific purpose of demonstrating the continued
order of highs and lows as projected by the Delta turning points.
The bottom of this gold correction will arrive with long term
#4. After long term #4 is in we will then be headed for long
term #5 and not before.
We are the only service that
provides the short, medium and long term turning points for gold,
silver and the precious metal shares. For more information see
below.
click on chart for
large image
click on chart for
large image
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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