First the Gold Bust then Gold Boom, First the U.S. Dollar Rally then the Dollar Bust
Commodities / Gold & Silver 2009 Oct 16, 2009 - 01:03 AM GMTBy: Ronald_Rosen
This will be the gold tune for the next 10 to 12 months.
The fireworks should begin in about one year.
GOLD LOGARITHMIC QUARTERLY CHART
GOLD LOGARITHMIC MONTHLY CHART
It requires a great deal of energy to break up and out of an eight year old, nearly perfect logarithmic channel. There is pent up energy in the Dollar Index.
DOLLAR LOGARITHMIC QUARTERLY CHART
The top of this Dollar Index rally should be reached in September/October 2010.
Gold and the gold shares should bottom about the same time as the Dollar tops.
That is when the true gold BOOM should begin. Not now.
DOLLAR LOGARITHMIC MONTHLY CHART
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By Ron Rosen
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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