Gold Short-term Delta Cycle Turning Points for July
Commodities / Gold & Silver Jul 02, 2008 - 10:09 AM GMTBy: Ronald_Rosen
Our governments through their ignorance, stupidity, or just plain corruption for political purposes have delayed the full expression of the gold cycle until very near the end of the cycle. This means to the highest probability the price of gold will soon begin to explode to the upside. The only thing the delaying actions by governments and various banking authorities have produced is a monumental explosion in the gold price in order to meet the deadline of assigned time i.e., “ There is an appointed time for everything. And there is a time for every event under heaven.” Ecclesiastes 3:1
This is not a study in religion. This is a study in nature and natural cycles. My reason for presenting this is to warn that trading the precious metals and their shares from here until the end of the cycle may be extremely difficult. The precious metals market is fast approaching the runaway stage of its ascent.
If and when you sell for a trade, the odds become very high that the market will continue to run away and thus not provide lower prices for your reentry. The reason for this is the previous delaying and manipulating activities of various Central Banks and governments. At this point in time I suggest that if you trade, do not sell or trade all of your precious metal holdings at one time. The real excitement is not far from beginning. It will be more than an eye opener.
Allow yourself to prosper and most importantly allow Alistair Gilbert to guide your short term trading. If you are going to trade not only gold and silver but also the S & P 500 and other indices Alistair Gilbert's special talents and his use of the Delta turning points has proven to be not only remarkably accurate but also very profitable. The short term Delta turning points for gold are shown in the chart below. Gold is selling off today July 2 for a good reason. Delta Short term # 6 high was due July 1.
RON ROSEN
All Delta turning points are available to subscribers. Subscriptions are available at: www.wilder-concepts.com/rosenletter.aspx
GOLD DAILY CHART
Stay well,
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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