Gold Final C Wave About to Begin
Commodities / Gold & Silver 2009 Sep 05, 2009 - 12:28 PM GMTSorry to remind you folks, but a bull market goes up on rising volume and rising open interest.
A correction in a bull market goes down on declining volume and declining open interest.
The A, B, C multi-month correction in gold and silver is being accomplished with declining volume and declining open interest. The final C wave down will begin soon.
As a way of apologizing for reminding you of these most important facts I hereby dedicate this song to the “Clunker” policy.
Click here One Piece at a Time Cadillac
If you want to know what else makes markets go up and down and when they will do so ……………………………….
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THE BLACK VERTICAL LINES ARE VOLUME.
THE WAVY BLACK LINE IS OPEN INTEREST
GOLD QUARTERLY
GOLD MONTHLY
GOLD WEEKLY
THE BLACK VERTICAL LINES ARE VOLUME.
THE WAVY BLACK LINE IS OPEN INTEREST.
SILVER QUARTERLY
SILVER MONTHLY
SILVER WEEKLY
Subscriptions to the Rosen Market Timing Letter with the Delta Turning Points for gold, silver, stock indices, dollar index, crude oil and many other items are available at: www.wilder-concepts.com/rosenletter.aspx
Ron Rosen and Alistair Gilbert
M I G H T Y I N S P I R I T
Ronald L. Rosen served in the U.S.Navy, with two combat tours Korean War. He later graduated from New York University and became a Registered Representative, stock and commodity broker with Carl M. Loeb, Rhodes & Co. and then Carter, Berlind and Weill. He retired to become private investor and is a director of the Delta Society International
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.
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