With continued uncertainty in the gold and silver markets, today 56-year market veteran and analyst Ron Rosen sent KWN a key chart which tells KWN readers all they need to know about gold at this point. Rosen also added commentary regarding what to expect going forward.
Below are charts and comments from 56-year market veteran and analyst Ron Rosen:
“Gold bullion was allowed to fluctuate in a limited range by the ‘Powers that Be’ and they don’t live in Washington, DC. Mother Nature runs this show and no one else does. She limits movement to a natural range. This logarithmic below chart is proof of that fact....
Continue reading the Ron Rosen piece below...
“The longer ‘they’ oppose, the higher she goes. That is the first Law of Nature. Sit back, relax, and enjoy. This may seem like ‘Black Magic’ but it is simply Mother Nature at work.
A new high occurred at every grouping of LTD # 1 high and LTD # 2 high and every LTD # 4 high. Every low occurred at LTD # 3 low and LTD # 5 low.
All LTD # 3 lows have touched the lower trend line.
All LTD # 5 lows did not touch the lower trend line.
The next new high should occur at LTD # 4 high.
The due date for LTD #4 high is 2/12/2014.
The standard deviation for arrival of LTD #4 is 9/18 2013 to 7/16/2014