Rick Ackerman

Articles by Rick Ackerman

Within the next day or two we should have more evidence to tell us whether the rally begun in late December is the real deal. If bulls have any moxie, they’ll push this vehicle above the 1223.50 peak (see inset) without much ado. Still ...
Gold’s robust rally paused for just long enough on Wednesday to discourage bulls — including your editor, who had advised a long position in GDX with a stop-loss far more generous than is typical for a Rick’s Picks trade. Unfortunately,...
Gold’s rally, which took off in earnest a week ago, signaled more to come on Thursday when it pushed above two prior peaks on the daily chart (see inset). This indicates a new and healthy trend, according to the proprietary Hidden Pivot...
The last of four February Comex futures contracts acquired by subscribers two days ago should have been exited early Thursday morning at 1149.90 for a total profit of about $3800. The ‘dynamic’ stop-loss at 1149.90 was triggered by a $1.40...
An 1105.80 downside target has obtained since November 18, when Feb Gold tripped a menacing sell signal just above 1200. On redrawing the chart, however, I find that the target should have been given as 1108.70 with 1086.60 as an...
Lest we be seduced by the wishful notion that the FBI Comey rally could be the bull market’s dying gasp, consider the chart featured with this tout. It suggests that a nearly 1500-point rally to 19728 is possible for the Dow Industrials if...
A bull-trap reversal hit the green line, putting a 20.24 downside target theoretically in play. Accordingly, we should look to trade the ETF with a bearish bias. That implies you could either look to get short now via camouflage, or wait...
Gold’s recent breach of the key low at 1259.10 low (see inset) recorded in June is worrisome. However, the picture would become still more so if a relapse in the days ahead takes the December contract beneath the 1242.70 low just to the...
Today’s moderate weakness put the futures on course for a further decline to as low as 1216.50 over the next 2-4 days. However, using a more conservative ABC pattern (see inset) yields the possibility of a less painful outcome in the form...
The bearish abc pattern shown is the one we should be looking at now, since it’s got it all, Hidden Pivot-wise. The p2 secondary pivot at 2110.88 would ordinarily serve as a minimum downside objective for the near term, but my strong gut...

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The total world's holdings of gold could be transported by a single solitary oil tanker.