 Ron Rosen Precious
Metals Timing Letter
It's getting closer and
closer
Ron Rosen
posted Nov 3, 2006
written Oct 30, 2006
"Time is more
important than price; when time is up price will reverse."
-W.D. Gann
It's getting closer and closer.
It appears that lift off will occur in about 4 to 5 weeks. I
will attempt to pin point lift off as time proceeds. If they
knew what was soon to happen, the "crowd" would be
amazed.
Gold appears ready to break out before the HUI breaks out. However
we must remember that the HUI, when it breaks out, will be entering
a, "third of a third" wave. Gold will just be starting
its third wave. Gold will be entering the first minor wave of
its major third wave. In reality the HUI is ahead of gold bullion
when it comes to the wave count. Gold will most likely decline
to complete the [e] leg of the triangle. Gold is topping at Delta
long term #6 high. The [e] leg low is due at Delta long
term #7 low. We know that every leg of any and all formations
including Elliott waves must begin and terminate at a Delta turning
point. This information is invaluable and extremely important
to traders and investors.
GOLD WEEKLY
Silver, like gold, appears
ready to break out right after a small [e] wave is finished.
Silver and gold may start up before the HUI. If they do, you
should expect to read all kinds of reasons as to why this is
happening. I suggest we ignore all of them and concentrate on
the turning points and the difference between a third of a third
and the beginning of a third wave. That's where the differences
exist.
SILVER WEEKLY
The weekly pattern in the dollar
index in 2006 is virtually identical to the weekly pattern in
2002.
"The future is but a repetition
of the past. The same formation at tops or bottoms or intermediate
points at different times indicates the trend of the market.
Therefore, when you see the same picture or formation in the
market the second and third time, you know what it means and
can determine the trend." W.D.GANN
DOLLAR INDEX WEEKLY
NOVEMBER 2006
DOLLAR INDEX WEEKLY
NOVEMBER 2002
This chart shows what happened
to the dollar after the first pattern and triangle was complete.
It's not a pretty sight for dollar bulls. However, it will be
fuel for the rise in the precious metals complex. The 2006 triangle
is nearly complete. A small rising [e] wave should lead to the
beginning of the next decline.
DOLLAR INDEX MONTHLY
Stay Well,
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
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