What More Do We Need?
share
share
share
share
share
The momentum indicator turning positive, by the black line moving over the descending red trend line, has produced a peak that touches the rising long term trend line on every occasion. That is EVERY occasion!! The momentum indicator for the HUI has once again turned positive. The maximum time consumed between a bullish momentum cross over and the trip to the rising trend line was 18 months.
What More Do We Need?
The momentum indicator turning positive, by the black line moving over the descending red trend line, has produced a peak that touches the rising long term trend line on every occasion. That is EVERY occasion!! The momentum indicator for gold has once again turned positive. The maximum time consumed between a bullish momentum cross over and the trip to the rising trend line was 14 months.
If you will take another look at the monthly charts of gold, silver and the HUI that I have been posting over and over again, you will see that regardless of any and all governments, any and all Central Banks and any and all manipulators, a positive crossover of the monthly momentum indicator and RSI have always...always...always resulted in a move up to the long-term trend line on those charts since their bull markets began. This has never failed in spite of any and all total worldwide governments and central banks and manipulators attempts to turn the tide. It is imperative to note the crossover for all three has once again taken place.
No one and no collection of anything and all things has been able to turn the tide that I have been showing and describing in my letters by posting the monthly charts of gold, silver, and the HUI.
If you now know that the tide I have been describing through posting these charts can and will be turned back, you without doubt, know more than I do!
********
Disclaimer: The contents of this letter represent the opinions of Ronald L. Rosen. 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 is not a registered investment advisor. Information and analysis above are derived from sources and using methods believed to be reliable, but Ronald L. Rosen 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.
share
share
share
share
share
