Rosen Market Timing

August 19, 2013

If there was such a thing as a “Holy Grail” of gold charts this chart would have to be it. Gold peaked at every # 4 high and every grouping of # 1 high and # 2 high. Every gold peak was either at the upper trend line or above the lower trend line. Every low took place at # 3 low and # 5 low.

All the lows were higher lows.

All the highs were higher highs.

The next high is due to arrive at # 4 high. I would think that the odds are overwhelming that there will be a new high at # 4 high. The odds should be overwhelming that the peak at # 4 high will occur between the lower trend line and the upper trend line. The # 4 high is due to arrive February 12, 2014 (2/12/2014).

GOLD MONTHLY LOGARITHMIC

The bear market that took place between 1966 and 1974 was minor wave 4. The current bear market is Major Wave IV. The current leg E down should be a total disaster. The S & P 500 and the DJIA should lose 66% from their respective all-time highs.

Elliott Wave - The Rule Of Alternation

Minor wave 4 alternated with minor wave 2. Major Wave IV is alternating with Major Wave II

A 66% collapse will bring the S&P500 back to the approximate 550 level. This will be a return to the 1995 level which was pre the tech mania.

S&P500 QUARTERLY

Like clockwork gold and silver are repeating their timing pattern from the past. As leg E in the S&P500 and the DJIA begins a collapse, gold and silver begin a major rise.

 

Ron Rosen Precious Metals Timing Letter

Small amounts of natural gold were found in Spanish caves used by the Paleolithic Man about 40,000 B.C.

Gold Eagle twitter                Like Gold Eagle on Facebook