| |
Precious Metals - Stock Indices - Commodities
|
|
|
“Time is more important than price; when time is up price will reverse.”
W.D.Gann
The gold community for a number of years has been screaming, “Buy, buy, and buy now before it’s too late!” Advertisements to “Buy gold…..” are all over television seven days a week, fifty-two weeks a year. Gold bugs claim that the gold shares will far outperform the metal. Well, if you want to know what distribution over an almost four year period looks like study this chart of the HUI. It will take you less than a moment to recognize the fact that if you owned the shares in the HUI for the past four years you now have a loss. Unfortunately this loss takes place at a moment in time when the HUI has once again made an important top and is prepared to move down with a vengeance.
HUI MONTHLY
The monthly chart of the HUI is posted again to show that for quite some time the proper shout was not “BUY, BUY GOLD,” it was “BYE, BYE GOLD.”
HUI MONTHLY
Gold, not to be out done by its cousin, the HUI, is also telling us that it too may be declining to such an extent that its price will represent a four year loss to all believers in its invincibility as a winner. However, all is not lost. Remember, we have an appointment to go deep sea diving. Your captain has invited all subscribers to join him in an underwater exploration most likely starting sometime between (…for subscribers only). A huge treasure of discarded valuable gold and gold shares will be found at the bottom. We will celebrate at the bottom in approximately (…for subscribers only).
 The John B's Sails 
Click here ^
GOLD MONTHLY
For almost ten years the stories surrounding the potential rise in silver were so glowing that they made the brightness of the sun look dim. It was written that not to the sun but into “outer space” the price of silver will rise. Silver is poised to decline to a low below the low of $8.40. Once the bottom is here between the months of (…for subscribers only) a spectacular rise will finally begin.
SILVER MONTHLY
For subscriptions to THE ROSEN MARKET TIMING LETTER
www.wilder-concepts.com/rosenletter.aspx
Gold coins and bars should be considered an insurance policy. I do not believe that they should be sold regardless of a decline in their price. The percentage increase in the precious metal shares is a multiple of the rise in the price of gold. The percentage decrease in the precious metal shares is a multiple of the decline in the price of gold. The shares are obviously more volatile than the metal. There is more hope for riches placed in the shares than there is in the metal. That hope gets dashed easily on the way down. Speculators in gold and silver have their hopes for riches dashed on the way down but gold has a hard core of holders that refuse to have their holdings dislodged by fluctuations. Holding the metal gold as insurance is the way to proceed until the financial and economic mess that we are living with is resolved or at least mitigated.
Stay well,
M I G H T Y I N S P I R I T
Ron Rosen
****
Disclaimer: The contents of this letter represent the opinions of Ronald L. Rosen. 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 is not a registered investment advisor. Information and analysis above are derived from sources and using methods believed to be reliable, but Ronald L. Rosen 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.
|
