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Below is a key chart and commentary from 56-year market veteran and analyst Ron Rosen:
“Before the bull market in precious metals is over the HUI will touch the upper trend line of its logarithmic channel more than once. However, it should be obvious that the lower trend line is for the moment acting like a magnet. If enough people are looking at this chart, a dip below the bottom trend line will probably occur (see chart below).
Bull markets have grinding, tedious, nerve wracking corrections for those lacking patience or belief and faith in the end result. But our government is fighting Mother Nature....
Continue reading the Ron Rosen piece below...
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Mother Nature never has lost a fight. Only fools will stand in her way. There are a number of political fools currently running things and because of that we will all end up paying a dear price. One thing is certain, the attack which has been mounted against the metals and the shares will not last.”
© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
The interviews with Gerald Celente, Dr. Stephen Leeb, Jim Sinclair, Rick Rule, Ben Davies, Andrew Maguire and Marc Faber are available now. Also, be sure to listen to the other recent KWN interviews which included James Turk, Bill Fleckenstein, Egon von Greyerz, Felix Zulauf, Eric Sprott and Art Cashin by CLICKING HERE.
Eric King
Look At This & You Will See We Are Very Close To A Bottom
Today King World News received a tremendous chart and commentary from 56-year market veteran and analyst Ron Rosen. With the continued weakness in gold, silver, and the mining shares, this is an outstanding way for KWN readers around the world to take a step back and look at the big picture.
© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast,
rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
March 5, 2013
