Rosen – Goldman Sachs Call Ridiculous, Gold Ready To Rocket
December 5, 2012
On the heels of Goldman Sachs calling for the end of the gold bull market, today King World News went to 54-year market veteran and analyst Ron Rosen to get his take on the situation. Rosen sent over six tremendous charts in response to the Goldman call, along with some great words of wisdom.
Below are charts and comments from 54-year market veteran and analyst Ron Rosen:
“In spite of all of the negative press gold is receiving today on CNBC because of Goldman Sachs’ call for the end of the gold bull market, everything is right on schedule. The timing of this ridiculous proclamation by Goldman Sachs could not have come at a more perfect time.
My projections are for a massive move to the upside in gold for 2013 and 2014. The Goldman Sachs call will be an interesting footnote after the explosion takes place. What the analyst is saying is contrary to all natural movements through time. If you look at the patterns in the charts below you will know where gold is headed.
There were no gold share indexes in the last gold share bull market in the 1970s. However, Homestake Mines was the gold share that always led the parade. It was considered a leading indicator for the direction of the precious metal shares….