Precious Metals Market Timing
The Tide Has Turned
Ron Rosen
Dec 9, 2005
"Time is more
important than price; when time is up price will reverse."
W.D. Gann
The tide has turned. The bull
has awakened from his two year siesta. Like Ferdinand the Bull,
he is a gentle giant. While he slept under the tree he reveled
in the sweet soft scent of the flowers surrounding his slumbering
body. Now awakened, he is the rampaging giant that no one, or
no number of Picadors, can weaken. He is a giant among giants.
He may pause for a brief nap from time to time when the flowers
are blooming, but everyone best take notice when he awakens.
This bull is masquerading as
the HUI precious metal shares index. Starting in 2001, it rose
from a lowly 35 to a high of 258.60 in December 2003. That was
a 750 % increase in value over a three year period. For the last
two years the HUI has spent its time going up and down between
the 250 area and the 160 area. It has completed a correction
that can be called a "flat" type. This type of correction
indicates tremendous underlying strength. When the HUI topped
in December of 2003 it had completed its first phase advance.
We are now embarked on the second bull phase. It was confirmed
on December 7, 2005. I had established three requirements that
had to be met before I could announce that the bull had awakened.
Gold bullion had to close above its 23 year old overhead trend
line resistance. Silver had to close at a new high for this bull
market. The HUI had to close over its high of two years ago.
All three requirements were met on December 7, 2005.
The second phase of a long
term bull market is the longest and strongest of all three phases.
Prices increase much more than they did in the first phase. This
means the price of the HUI precious metal shares index should
increase more than 750% during this second phase.
The Precious Metals Market
Timing letter will keep you apprised of the bull's progress by
using the Delta turning points, W.D.Gann Master Cycle studies
and long term wave counting. If you are interested in multi week
trades, the Delta turning points have proven to be an excellent
tool. The Precious Metals Timing Letter will be using the Delta
turning points to recommend trading opportunities. In addition,
we will be advising you of when we expect corrections to take
place and when they will be over.
HUI MONTHLY CHART
WITH DELTA LONG TERM TURNING POINTS
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 Inc
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