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Respected Sir Northstar and all fellow goldtenters,
The following posted by Ron Rosen on 321gold.com seems to be merit-worthy.
http://www.321gold.com/editorials/rosen/rosen122619.pdf
In light of Northstar’s recent post https://goldtadise.com/?p=461113 I’m waiting to see how USDX plays out between now and the next 48-60 hours
Everyone, please share your comments on Rosen’s analysis.
This video is from December 22, 2019.
Video= should have read “analysis”
I’m keeping an open mind, but if 103 was the best DXY can do, we are seeing things happen very fast indeed. A monthly close inside my dome pattern should set alarm bells ringing for Dollar bulls.
Yes, the analysis is 3 months old, but the USDX targets mentioned in it are still relevant.
The head and shoulder topping formation was almost invalidated by the knee-jerk reaction up move in USDX two weeks ago.
But now with the monthly close approaching, the down move following the H&S completion (as mentioned by Rosen), and Northstar’s dome still holding … I am waiting to see if this will be THE strong down move in USDX, where it will traverse down through all the 90s handles with unprecedented speed!
Sorry, you are correct. The HS top on the monthly chart is still in effect.
I do believe that the dollar is going to drop.
Thanks North. I do believe that as well.
As soon as the gold market opened at 6pm EDT, Goldman Sachs says “”Beware A Disorderly Dollar Surge”: Goldman Says The Dollar Rally “Is Not Over” … article on ZeroHedge, posted at 18:01 EDT !!!
Does anyone even dare to think that “the squid” would quit that easily?? They will disinform the masses. Tells me they are busy acquiring every last ounce of gold they can!
Gold market opening shot up $12 then it quickly went negative. The gold paper market is officially a joke.
Being bearish on the dollar means bullish on the Euro.
Are you bullish on the Euro?
If not then you MUST be a dollar bull.
There is no other option.
This is not a comment about the chart just my experience with rosen newsletters.
I followed this guy for a few years 2012-2015 when was just starting trading. Lost a lot of money as none of his call came true. Granted, there were lots of perma bulls pumping $150 silver…and it’s on me for not doing my own “critical thinking” but I just wonder how can someone have the nerve to continue selling newletters after being wrong for so many years!
Who all have been wrong? Rosen? Jim Sinclair?
People laughed at Sinclair when he said gold will trade at USD 1650 by Jan 2011. It happened in June 2011. The call was made ten years ago?
The Fed kept rates artificially low for so long after the GFC of 2008 ended. Those reserves never hit the markets.
Now, “due to coronavirus” main street will be bailed out *after* the bankers have been bailed out (the repos since September 2019)
Now it will be a vicious deflation followed suddenly by hyperinflation.
Were the Fed governors not aware of Rosen, Sinclair et al?
But silver cannot be allowed to rise until the bankers have cornered every ounce of it.
Yes, Rosen’s timing was wrong. Because of the QE since 2008, the sheeple started to wake up and every time they thought of silver, they were told watch for Dow 30,000 … ohhh so close … we reached 29551, and everybody was left holding and hoping for Dow 30k!
What about those who bought silver in the low teens, or pre-teens? Who’s right?
Rosen has been positioning you for the long term.
Now the time for the long term end game has come and no silver is available.