Rick Ackerman
Rick Ackerman Articles
For years, gold’s corrections have been brutal, and that is why many erstwhile bulls have not rushed to buy this rally. They have instead been waiting for a nasty pullback in order to load up at bargain prices. But Mr. Market has not...
Fed Chief Powell supposedly has strong support inside Congress to fend off Trump’s calls for lower interest rates. How do we know this? Well, there was this headline atop the lead story in Wednesday’s Wall Street Journal: ‘Powell’s Support...
August Gold pulled a Pearl Harbor on bears and skeptics Tuesday, reversing early morning weakness with a surprisingly sharp rally. I’d expected another two weeks of corrective action myself after bullion’s impressive run-up in June.
Bullion’s powerful rally this week has kicked this popular mining-stock vehicle into high gear. I haven’t tracked it in quite a while but aim to do so now, provided it remains feisty and interesting. In that regard, GDX looks like it’s...
Gold’s $30 run-up over the last two sessions is the sharpest we’ve seen in a while. Was it just a knee-jerk reaction to continuing weakness in U.S. stocks? Probably. But we’ll keep a close eye on it nevertheless, since gold sentiment is so...
DaBoyz showed a deft touch as the week drew to a close, guiding the broad averages to a respectable close even thought there were no buyers around. Stocks often soar ahead of summer holidays, but this Memorial Day weekend they seemed...
The FAANGs and a few other ‘lunatic’ stocks favored by institutional buyers have deservedly been getting thrashed, but it looks like the pain is unlikely to abate any time soon. My downside targets in two key stocks, GOOG and AMZN, are...
Jim Grant is an old-school observer of this economic age and one of its most brilliant commentators. Following is the speech he gave in accepting the 2019 Bradley Prize, which recognizes those who have helped further the principles and...
Shades of Smoot-Hawley!? Stocks plummeted for the second time in less than 24 hours Monday when Trump signaled to China’s trade negotiators that he means business. A long-delayed, $200 billion hike in tariffs will take effect on Friday...
Investors have thrown caution to the wind as they bid up FAANG stocks to imprudent heights and provide overly generous bids for a few others that face serious jeopardy, including Tesla and Boeing. Even so, the herd evidently had second...
