Rick Ackerman

Articles by Rick Ackerman

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...
I am tracking a single-contact position with a cost basis that has been reduced by profit-taking to 1204.80. At a current price of 1293.10, that would imply a theoretical gain so far of nearly $9000. As is my custom, I track positions only...
We had a stink bid in at the opening, but gold’s ebullient leap from well above it left us choking on dust as we played spectator for the remainder of the day. The chart shows a subtle but very compelling rally target at 1320.50, and I...
Today’s rally was the most important in gold since it entered a bull market in December 2015. Actually, the rally has significantly raised the odds that the entire bull move since then has been impulsive rather than merely corrective of...
With a sharp lurch higher, December Gold has broken above the 1301.20 resistance I’d flagged as crucial to the intermediate-to-long-term outlook.  The rally is encouraging, but we should remain cautious for two reasons.
Gold’s tedious shenanigans should not cause us to take our eyes off the little sonofabitch for too long, since we might miss something interesting. Like now, for instance. The December contract has mildly caught fire and is making another...
August Gold encouraged with an end-of-day reversal that tripped a ‘counterintuitive’ buy signal at 1249.30 (see inset). We anticipated this during this morning’s tutorial session, which you can access in recorded form if you were...
August Gold is struggling to hold above a 1217.50 Hidden Pivot support and would need to pop to at least 1248.30 in the next 3-5 days to get out of jeopardy. Failing that, we might expect the futures to continue down to at least 1194.40 in...

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Gold is still being mined and refined at the rate of almost 2,600 tonnes per year.