Gold, Silver, and HUI Bear Market and Crash Trend Forecasts
Commodities / Gold and Silver 2010 Feb 15, 2010 - 08:39 AM GMTFirst, EXCERPT FROM “THE DELTA TURNING POINTS STORY”
By Welles Wilder (creator of the RSI, DMI and numerous other technical indicators)
“How long will it take to show me your discovery?”
"Not long," said Jim, "but first if you wouldn’t mind, I would like to tell you how this thing, Delta, came about."
"Is that what you call it, Delta?"
"Yes. Delta is a Greek letter derived from a word meaning door, in this case a door to the unknown. It also means for me the word diagnosis, a diagnosis of the markets. A few months ago I began thinking about the markets in a way that was different for me. I attempted to find out if there was some kind of order in all markets. I visualized the markets as being a hologram. Do you know what a hologram is, Welles?"
"Yes, a hologram is a projection in three dimensions."
"Right. Do you know how one is made?"
"No.”
"A hologram is made by projecting laser light through a holographic negative - much like a photographic negative with normal lighting. However, if one looks at the holographic negative with normal lighting, it looks like mass confusion."
"When laser light is projected through the negative, then the three-dimensional hologram appears and the confusion is replaced by perfect order."
"This was my approach to finding order in the markets. Suppose the holographic negative was the markets. If I could find the right laser to shine through the negative, if there was order there, it would be immediately obvious. He asked me to come into the kitchen and sit down at the table."
"Here is a bar chart of the last nine months of Gold. It's mass confusion. Now look at this same market with this Delta overlay on the chart. Just study it for a minute."
I looked at the chart. It was overlaid with colored lines and numbers. It took about five seconds for it to hit me. I could not believe the answer was that simple.”
“I suddenly felt a sense of awe seeing something like no one else had ever seen. I felt like the person who had spent his life searching for something, and ended up finding it in his own backyard.”
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You can listen to all the bubbameisters about gold, silver, the HUI, and the Dollar Index or you can simply follow the Delta Turning Points.
bubbameister - 1 definition - A long story or old wives' tale, that is, something a grandma would tell.
www.urbandictionary.com/define.php?term=bubbameister -
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The complete Delta Story and the Delta Turning Points for the HUI, plus gold, silver, U. S. Dollar Index, S & P 500, and crude oil are available through subscriptions to:
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www.wilder-concepts.com/rosenletter.aspx
Stay well,
Ron Rosen
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
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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