Rick Ackerman
Rick Ackerman Articles
On Twitter early Friday morning, I was throwing in the towel on Gold at the very instant Comex futures went bonkers. Technically speaking, the surge in the December contract $1.20 shy of an 1194.10 target that could have been extrapolated...
The rally will need some giddy-up to escape gravity’s pull, since merely dawdling at these levels will only increase the risk of relapse below a major Hidden Pivot support at 1137.50. The support has been tested twice and done its job, but...
Now that sucked, didn’t it? We ended the week thinking, ah, at long last, a decent rally in Gold! After yesterday’s nasty slide, however, which took back two-thirds of the gain, it’s starting to looks like the rally was just a one-day...
I have lower targets outstanding, including a big-picture support at 1125.00, but the one shown at 1141.30 should be used as a minimum downside objective over the very near-term. Traders should position from the short side until it is...
I'm starting to warm once again to gold. Like many of you, I never gave up on it, I had just grown too bored to care. With the bear market in bullion about to enter its fourth year, who could be blamed for losing interest? Gold has looked...
Think you could make it in business with a trillion dollar subsidy? That’s a very conservative estimate of what banks can borrow each year at almost no cost, courtesy of Fed easing. Returning the favor, the banks plow the funny money into...
A bad dream jolted me awake one morning last week: the economy had crashed, the banks were shuttered, commerce had ceased, the stores were stripped bare and rioting was everywhere. This bleak vision is not unusual for anyone who has...
Despite the poor start to 2014, there is still room to debate whether U.S. stocks have entered a bear market. My own forecast, made several months ago, calls for a final Dow run-up to 17622. I’d need to revisit that scenario, however, if...
Well, that’s two straight Tuesdays that U.S. stocks have fallen. Has Wall Street finally noticed that the real estate sector – the only big winner in American’s sham “recovery” besides the stock market itself – is starting to deteriorate...
[Our correspondent and occasional guest essayist Erich Simon has been talking up gold for as long as he can remember. Recently, however, after working some comparison numbers based on grocery bills we would have paid 40 years ago, he...
