Rosen - This Move In Gold & Silver Is Going To Shock People

銀價行緊第三個上升浪 !

kingworldnews.com

KWN has received tremendous interest in 54-year market veteran and analyst Ron Rosen’s charts and comments which were published exclusively on King World News.  We followed up with Rosen to get his take on where gold and silver are headed longer-term, and Rosen did not disappoint.  He gave an absolutely extraordinary interview.

“We are headed for over $3,000 if gold remains in the current logarithmic channel that it’s been in since the beginning of the bull market in gold.  However, there is a good probability that when gold bottomed at $68, a new, higher rising channel began.

If that is true, and I think it is, we should approximate $4,500 sometime in early 2014 (see chart below which shows secondary targets between $3,700 and $4,500 for this leg in gold).  Alf Fields is very well known, and he had a target of $4,500 for gold as major wave 3.  I think that can be reached sometime in early 2014 if we have formed a second channel (in gold).

The way things are looking, based on today’s (Friday’s) action and year-end action, I think we are headed for that number....  

“I (also) think, like I wrote the other day (on KWN) that silver is headed for $100 at a minimum.  The reality is this is ... a 3rd of a 3rd (wave), and this should be a really big move.  It’s all there, it’s built-in, and frankly, if you want my unfettered opinion, this whole thing started in 1913 when the Federal Reserve was formed.

Everything we see in our charts long-term, including the Dow, begins in 1913.  The Dow is in the process of completing a major wave 4 which will take it down into the low 6,000s, possibly below 6,000.  That’s when gold and the Dow will once again cross and they will be (at a) 1/1 (ratio), just like they were back in 1980.  Gold hit $850 and the Dow was well below 850 (in 1980).

So anybody who is hesitating now is making a really big mistake.  This is not something that happened overnight.  It’s not a result of Franklin Delano Roosevelt.  It’s something that dates back to the creation of the Federal Reserve system. 

I have my long-term charts that in my mind are irrefutable.  It’s based on the based on the rule of alternation, like all human beings and all people on this earth, we keep repeating the same thing over and over again.”

Eric King:  “Ron, I know you’ve been doing this for over half a century, and I wanted to ask you, this move that’s in front of us that you are describing, the violence of that, if people don’t position themselves ahead of that, pick up the physical gold and physical silver they want, how hard is it for them to get in as a move like that begins?”

Rosen:  “You mean emotionally?  Psychologically?”

Eric King:  “Yeah, sure.”

Rosen: “It’s very difficult, it’s very difficult.  They want to buy it at yesterday’s price.  I mean that’s the natural instinct.  If panic sets in, they’ll buy.  Those people that are short, they’ll cover. 

3rd waves are massive waves.  People that don’t know what they are doing, they are going to be on the sidelines and they won’t buy.  Those that have been in the business, people like me that have been around a long time, a bunch of old folks, they’ve learned their lessons.

I’ve learned to look to the long-term, to the past, look for what has happened before and see where all of this business started, and it started in 1913.  The people that have not jumped on board, I don’t know what they can do.  I don’t know how they can convince themselves, other than to study hard and fast and look to the past.”