Rick Ackerman
Rick Ackerman Articles
A $20 rally here, a $10 rally there, and pretty soon we’re talking about the dawning of a bull market! It’s too early to tell, of course, but we should guard against the tendency to be dismissive of every positive event in the bullion...
Relative to the low at 1142.40 recorded March 17, June Gold remains in a bullish trend that it has been correcting for the last three weeks. What validates this interpretation is that early April’s 1224.50 high slightly exceeded a prior...
Gold, now well into year four of a bear market, continued its familiar pattern on Monday: one step up, two steps back. My long-term correction target remains $810, although I’ll always keep an open mind about trading from the long side, or...
Gold has a scary habit of pulling out of its all-too-frequent kamikaze dives just before splattering on the deck, technically speaking. If, for one, yesterday’s selloff had exceeded 1187.20 to the downside, we might have expected it to...
Two robust, ABC uptrends of different degree are driving this rally, auguring a successful voyage to the 1238.90 target we’ve been using to stay abreast of the move. It has been relatively easy to trade, since the swing highs and lows...
Yesterday’s strong rally, amounting to $26 from low to high, topped within a single tick of the 1208.60 target I’d provided. This validates the pattern itself (see inset), with the implication that any upthrust exceeding the high would be...
Although gold has gone reliably opposite stocks lately, it is getting precious little lift so far Tuesday night despite the fact that index futures are under heavy selling. In any event, it’ll take another $5 of upside to trip a bull...
For once in a rare change, gold futures have actually held onto a gain achieved the previous day. Although they made no upside headway on Thursday, it was something of an achievement for them to have merely stayed aloft. The bullish abc...
For four months, GDXJ has been playing toe-sies with a 20.83 target that was put in play back in August. While there is always the possibility that this popular junior mining-stock vehicle is about to turn higher, the weight of the visual...
If you felt the sting of yesterday’s selloff, take encouragement from the fact that it looks merely corrective on the daily chart. That’s because the recent high at 1307.80 managed to exceed a prior ‘external’ peak recorded back in August...
