Rick Ackerman
Rick Ackerman Articles
Is the resumption of the bull market in gold that so many have patiently awaited for years quietly gathering strength under our noses? The possibility occurred to me on Thursday following conversations with two of the savviest investors I...
Traders seem obsessed lately with the ups, and mostly downs, of crude oil — so much so that every dip, feint and jiggle in energy futures is being replicated almost tick-for-tick by the S&Ps. A recent op-ed piece by Don Luskin in the...
I'm establishing a tracking position — long four contracts from 1048.00 — since subscribers reported buying December Gold on the basis of a longstanding target I’d furnished at 1044.50. The futures traded as low as 1046.20 intraday,...
With the soon-to-expire December contract just inches from a longstanding target at 1044.50, the February Futures have somewhat farther to fall to reach an important target of their own at 1035.70 (see inset).
Yesterday’s rally was the most promising we’ve seen on the hourly chart in weeks. It surpassed no fewer than four prior peaks without taking a breather; moreover, the pullback has been shallow so far.
My obsession with keeping losses down to literal small change would have stopped subscribers out of a beautiful trade Tuesday night. With the futures hovering near 1124.00, I’d recommended bottom-fishing with an 1121.70 bid, stop 1121.40.
Monday’s moderate weakness looks innocuous in the context of the bullishness of the 240-minute chart shown. Notice that the presumptive C-D phase of the rally begun from 1081.40 in early August stalled precisely at the 1141.90 midpoint...
Take a good look at the long-term chart shown and let it liberate your imagination. It’s not difficult to see the force of gravity at work here, pulling the S&Ps toward a trendline that lies 250 points below. Notice how, when the...
I go back many years with Rick. He used to quote me regularly on his site–and I had some prescient timing calls that were perfect. We bot GG and NEM at the lows and rode them all the way to an interim peak; and sold the day before they...
With stocks plummeting around the world, it’s clear that gold flunked the safe-haven test. Virtually no one would have predicted that bullion prices would barely budge if the Dow Industrials were to fall more than 2100 points in just three...
