Rosen – This Move In Gold & Silver Is Going To Shock People
November 25, 2012
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.
Below is a chart and comments from 54-year market veteran and analyst Ron Rosen:
“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).