Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
DoorDash Has All the Makings of the “Next Amazon” - 22nd Jan 21
How to Survive a Silver-Gold Sucker Punch - 22nd Jan 21
2021: The Year of the Gripping Hand - 22nd Jan 21
Technology Minerals appoints ex-BP Petrochemicals CEO as Advisor - 22nd Jan 21
Gold Price Drops Amid Stimulus and Poor Data - 21st Jan 21
Protecting the Vulnerable 2021 - 21st Jan 21
How To Play The Next Stage Of The Marijuana Boom - 21st Jan 21
UK Schools Lockdown 2021 Covid Education Crisis - Home Learning Routine - 21st Jan 21
General Artificial Intelligence Was BORN in 2020! GPT-3, Deep Mind - 20th Jan 21
Bitcoin Price Crash: FCA Warning Was a Slap in the Face. But Not the Cause - 20th Jan 21
US Coronavirus Pandemic 2021 - We’re Going to Need More Than a Vaccine - 20th Jan 21
The Biggest Biotech Story Of 2021? - 20th Jan 21
Biden Bailout, Democrat Takeover to Drive Americans into Gold - 20th Jan 21
Pandemic 2020 Is Gone! Will 2021 Be Better for Gold? - 20th Jan 21
Trump and Coronavirus Pandemic Final US Catastrophe 2021 - 19th Jan 21
How To Find Market Momentum Trades for Explosive Gains - 19th Jan 21
Cryptos: 5 Simple Strategies to Catch the Next Opportunity - 19th Jan 21
Who Will NEXT Be Removed from the Internet? - 19th Jan 21
This Small Company Could Revolutionize The Trillion-Dollar Drug Sector - 19th Jan 21
Gold/SPX Ratio and the Gold Stock Case - 18th Jan 21
More Stock Market Speculative Signs, Energy Rebound, Commodities Breakout - 18th Jan 21
Higher Yields Hit Gold Price, But for How Long? - 18th Jan 21
Some Basic Facts About Forex Trading - 18th Jan 21
Custom Build PC 2021 - Ryzen 5950x, RTX 3080, 64gb DDR4 Specs - Scan Computers 3SX Order Day 11 - 17th Jan 21
UK Car MOT Covid-19 Lockdown Extension 2021 - 17th Jan 21
Why Nvidia Is My “Slam Dunk” Stock Investment for the Decade - 16th Jan 21
Three Financial Markets Price Drivers in a Globalized World - 16th Jan 21
Sheffield Turns Coronavirus Tide, Covid-19 Infections Half Rest of England, implies Fast Pandemic Recovery - 16th Jan 21
Covid and Democrat Blue Wave Beats Gold - 15th Jan 21
On Regime Change, Reputations, the Markets, and Gold and Silver - 15th Jan 21
US Coronavirus Pandemic Final Catastrophe 2021 - 15th Jan 21
The World’s Next Great Onshore Oil Discovery Could Be Here - 15th Jan 21
UK Coronavirus Final Pandemic Catastrophe 2021 - 14th Jan 21
Here's Why Blind Contrarianism Investing Failed in 2020 - 14th Jan 21
US Yield Curve Relentlessly Steepens, Whilst Gold Price Builds a Handle - 14th Jan 21
NEW UK MOT Extensions or has my Car Plate Been Cloned? - 14th Jan 21
How to Save Money While Decorating Your First House - 14th Jan 21
Car Number Plate Cloned Detective Work - PY16 JXV - 14th Jan 21
Big Oil Missed This, Now It Could Be Worth Billions - 14th Jan 21
Are you a Forex trader who needs a bank account? We have the solution! - 14th Jan 21
Finetero Review – Accurate and Efficient Stock Trading Services? - 14th Jan 21
Gold Price Big Picture Trend Forecast 2021 - 13th Jan 21
Are Covid Lockdowns Bullish or Bearish for Stocks? FTSE 100 in Focus - 13th Jan 21
CONgress "Insurrection" Is Just the Latest False Flag Event from the Globalists - 13th Jan 21
Reflation Trade Heating Up - 13th Jan 21
The Most Important Oil Find Of The Next Decade Could Be Here - 13th Jan 21

Market Oracle FREE Newsletter

FIRST ACCESS to Nadeem Walayat’s Analysis and Trend Forecasts

Silver Monster Move in the Making

Commodities / Gold and Silver 2010 Dec 14, 2010 - 10:02 AM GMT

By: Ronald_Rosen

Commodities Best Financial Markets Analysis ArticleWe don’t often see a chart that promises us a monster move. When we finally discover one it usually comes with a number of ifs. This quarterly logarithmic silver chart, although promising us a monster move, is no exception to the rule of ifs. The ifs are clearly outlined. Will the price of silver close over the mid trend line? If the price of silver does close over the mid trend line will it have a 5 wave move as did Major Wave One?


If silver does have a 5 wave move once it closes over the mid trend line, will minor waves 1, 3, and 5 peak at the upper trend line? If minor waves 1, 3, and 5 peak at the upper trend line will their peaks be key reversals? If their peaks are key reversals will the corrections that follow bottom above the mid trend line? We won’t know the answers to those questions ahead of time. However, I can say that of all the thousands of charts I have viewed over the years none have compared to the elegant simplicity of this silver quarterly logarithmic chart. It is telling us that the past will repeat in the future. Now all it has to do is deliver on its promise.

SILVER QUARTERLY LOGARITHMIC CHART


Participating in this monster move in silver without having to endure violent moves in the commodity contract is a problem. I believe that owning Hecla Mining is a reasonably conservative way to participate and still have potentially large gains if what I described does become reality. Of course there are other silver stocks. Owning three or four is a safer and more conservative approach. I own Hecla Mining and no others. Please be aware that when owning mining shares your investment is always subject to various mining disasters, i.e. floods, explosions, cave ins. etc. For more information about Hecla Mining see REPORT dated May 6, 2009 or visit their web site at www.heclamining.com

Hecla Mining was recommended as a buy at $1.50, $2.86, and $6.50. It is still a major buy.

HECLA MINING WEEKLY

For continuous updating on the potential “Monster Move” for silver, silver shares, and the precious metals complex a subscription to THE ROSEN MARKET TIMING LETTER may be obtained at www.deltasociety.com

HECLA MINING QUARTERLY

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

Simeon - A Picture of Patience

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.

Ronald Rosen Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

silicone-watch
23 Dec 10, 18:14
bullish silver

Thanks for the article. $29 was always going to be strong resistance (H&S target) - a break and hold into the 30's should signal a change in pattern from the past 10 years - very bullish. Merry christmas from all at http://www.SiliconeWatch.com


Liam
23 Dec 10, 21:29
Silver Bull ?

Whoooaa !

When did Rosen become a silver bull ?

This guy has been writing for years to SELL Gold and Silver when it was at HALF the price !

Don't believe me ? Read his archive.

Rosen now becomign a bull should be a warning that the silver top may be imminent.


Michael Parker
24 Dec 10, 08:48
Silver

I think Rosen was always a Silver bull but expected one more violent plunge to single digits before the price took off to new highs.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules