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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: loantech	11/3/2006 10:02:59 AM
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Check link below for charts: Ron Rosen Precious Metals Timing Letter It's getting closer and closer Ron Rosen posted Nov 3, 2006 written Oct 30, 2006 "Time is more important than price; when time is up price will reverse." -W.D. Gann It's getting closer and closer. It appears that lift off will occur in about 4 to 5 weeks. I will attempt to pin point lift off as time proceeds. If they knew what was soon to happen, the "crowd" would be amazed. Gold appears ready to break out before the HUI breaks out. However we must remember that the HUI, when it breaks out, will be entering a, "third of a third" wave. Gold will just be starting its third wave. Gold will be entering the first minor wave of its major third wave. In reality the HUI is ahead of gold bullion when it comes to the wave count. Gold will most likely decline to complete the [e] leg of the triangle. Gold is topping at Delta long term #6 high. The [e] leg low is due at Delta long term #7 low. We know that every leg of any and all formations including Elliott waves must begin and terminate at a Delta turning point. This information is invaluable and extremely important to traders and investors. GOLD WEEKLY Silver, like gold, appears ready to break out right after a small [e] wave is finished. Silver and gold may start up before the HUI. If they do, you should expect to read all kinds of reasons as to why this is happening. I suggest we ignore all of them and concentrate on the turning points and the difference between a third of a third and the beginning of a third wave. That's where the differences exist. SILVER WEEKLY The weekly pattern in the dollar index in 2006 is virtually identical to the weekly pattern in 2002. "The future is but a repetition of the past. The same formation at tops or bottoms or intermediate points at different times indicates the trend of the market. Therefore, when you see the same picture or formation in the market the second and third time, you know what it means and can determine the trend." W.D.GANN DOLLAR INDEX WEEKLY NOVEMBER 2006 DOLLAR INDEX WEEKLY NOVEMBER 2002 This chart shows what happened to the dollar after the first pattern and triangle was complete. It's not a pretty sight for dollar bulls. However, it will be fuel for the rise in the precious metals complex. The 2006 triangle is nearly complete. A small rising [e] wave should lead to the beginning of the next decline. DOLLAR INDEX MONTHLY Stay Well, Ron Rosen email: rrosen5@tampabay.rr.com 321gold.com

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