more articles by

Ronald Rosen


Click to enlarge Click to enlarge

 

The Rosen Market Timing Letter

By Ronald Rosen      Printer Friendly Version Bookmark and Share
Feb 2 2011 12:10PM

www.wilder-concepts.com

PRECIOUS METALS - FOREX - STOCK INDICES - COMMODITIES

“Time is more important than price; when time is up price will reverse.”

W.D.Gann

The storm warning flags should definitely be hoisted for the HUI, gold, and silver.

The HUI is giving a warning loud and clear. Hecla Mining appears to have completed a five wave move and is now apparently ready to correct that move. Many precious metal shares are in the same position as the HUI and Hecla Mining.

If you are trading these shares you may want at the very least to lighten up. As for long term holders prepare to ride out a potential storm. There may still be one more move up for gold and silver before the correction begins but I would not count on it.

Storm Warning Flags

 

penant

penant
penant

flag

flag
flag

Small Craft Warning
21-38 mph
(18-33 kts)

Gale Warning
39-54 mph
(34-47 kts)

Storm Warning
55-73 mph
(48-63 kts)

Hurricane Warning
74+ mph
(64+ kts)

The monthly MACD indicator has peaked one month prior to the top on four occasions since this bull market began. The HUI currently has already passed that point.  LTD # 1 has inverted to a low. The earliest it is due is the 100% range of 6/15/2011. (June 15, 2011)

HUI MONTHLY

Hecla Mining has apparently completed a five wave move. We know that silver bullion can experience vicious declines. Hecla is due for a selloff. A normal correction would bottom between wave 3 and 4. However, silver and silver shares do not always act normal.

Please consider this update a warning of a probable imminent correction.

HECLA MINING MONTHLY

If you are interested in knowing when the ALL CLEAR SIGNAL has sounded the ROSEN MARKET TIMING LETTER is available through Welles Wilder’s Delta Society International. Once there click on Products and Services. The cost is modest.

www.deltasociety.com

Stay well,

M I G H T Y I N S P I R I T

Simeon - A Picture of Patience

By Ronald 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.