Rick Ackerman
Rick Ackerman Articles
As a recovering Gold bug I have great sympathy for what die-hard bitcoin fans are about to experience. Years and years of grinding lower with the occasional wicked spikes up that bear markets are known for.
Is gold headed below $1000? I doubt it. Like every other bullion investor who has tired of watching gold’s price meander sideways for nearly six years, I’ve grown increasingly disappointed and frustrated.
The Dollar Index has rallied for three weeks without a significant correction, raising the odds that April’s 89.23 low could turn out to be a very important one. Notice as well that the dollar’s romp has exceeded numerous prior peaks,...
The bull market’s blow-off-like trajectory has steepened, if such a thing were imaginable, with Wednesday’s 322-point rally in the Dow. The blue chip average is ostensibly headed to the 27,251 target shown, and although this Hidden Pivot...
The 91.57 downside target we were using for the dollar looked promising as a place for a powerful bounce to occur. Instead, sellers crushed it on Friday, putting in play a significantly lower target at 88.29 that I would rate as almost...
February Gold has now climbed nearly $50 since turning on December 12 from within an inch of a 1237.40 correction target I’d flagged well in advance. The futures were trading a few points below 1290 on Tuesday, but they will need to leap...
With today’s thrust, February Gold has extended its rally from 1238.30, a bottom recorded on Monday that could prove to be important. It occurred less than a dollar from a target we’d used that had been three months in coming.
Bulls’ failure this week to achieve the 1305.00 Hidden Pivot target shown in the chart (click on inset) is not exactly a sign of robust health. Actually, the good guys needed to have done somewhat better than that, surpassing the 1312.70...
December Gold did something last Friday that it hasn’t done in a long while, exceeding two Hidden Pivot targets on the hourly chart without correcting. One was minor, the other middling, but the implication is that the uptrend is a good...
It’s hard to imagine the news getting much sunnier than it was for the earnings cycle just reported. What will Amazon, Apple, Google and the other FANG stocks do for an encore? More to the point, what will they do for the next three months...
