Precious Metals Market Timing Update and Comments Ron Rosen May 18, 2005 "Time is more important than price, when time is up price will reverse" W.D. Gann "There is an appointed time for everything, and there is a time for every event under heaven " Ecclesiastes 3:1 CRB INDEX After many years of study, research and practical tests Gann discovered the most reliable Cycles to use. He called these his "Master Cycles." They are the 60 and 30 year cycles. Gann never revealed his secrets to anyone unless they did the work, including his own son. His philosophy was basically, work hard and the secrets will come to you. Gann coded his books so his followers would work hard to gain the knowledge contained in them. You can download an eight-page partial decoding of his book, "Tunnel Thru the Air" at www.schoolofgann.com. Here you'll also find more information about Gann for further study. As Gann once said, "Knock on the door and it will be opened unto you, seek and you shall find." These cycles proved low years in 1645, 1915, 1945 and 1975. 360-year cycle from 1645 points to a low in 2005 (4x90) 90-year cycle from 1915 points to a low in 2005 60-year cycle from 1945 points to a low in 2005 30-year cycle from 1975 points to a low in 2005 Ralph Nelson Elliott The Complete Cycle A five-wave impulse (whose subwaves are denoted by numbers) is followed by a three-wave correction (whose subwaves are denoted by letters) to form a complete cycle of eight waves. The U.S.Dollar Index has completed an apparent five (5) wave down move at the low of 80.48 on December 31, 2004. It most likely will now undergo a (3) three wave correction and probably reach at least the first red line which is a 38.2 percent recovery of the total decline. I would not want to be locked into the 38.2 percent recovery as a probability. I would just use it as a guide and watch closely as the upward move proceeds. U.S. DOLLAR INDEX continued1   2 321gold Inc