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Rick Ackerman

Rick Ackerman Articles

In an economy that over decades has grown increasingly dependent on revved-up holiday sales, investors have responded by praying more fervently each year for a Santa rally. It’s an odd metaphor, however, considering that Wall Street even...
The modest bear market rally begun in October likely ended last week when stocks turned sharply lower after failing to achieve clear 'Hidden Pivot' rally targets. Now, if the selling should continue to exceed minor abcd targets as occurred...
Bloomberg News, buzzed on Fed Kool-Aid as always, thinks the banksters have engineered a soft landing for deflation. Although it's true that price bubbles in everything from used cars to styrofoam surfboard blanks have begun to detumesce,...
Last week's commentary went full contrarian with the seemingly nutty idea that 2023 could be a dull year for investors despite the looming possibility of a global economic collapse. Inflation, deep recession, war, disease and political...
Early in October, it lifted my spirits to be able to bloviate about how a too-widely-anticipated October crash seemed as likely as a Martian invasion. One lunar calendar-based prediction in particular had October 21 as the crash date,...
Twitter and bitcoin share a key similarity in that their success while it lasted was just hubris. Realize that both companies were birthed by a virtual medium capable of monetizing turds if there is discoverable demand for them.
​​​​​​​Gold Loses Status as Haven, declared a headline in the Wall Street Journal on September 22.  Two days later gold fell to $1629, the lowest daily close in more than two years; then it began an ascent that has continued to this day. A...
The seemingly strong rally that ended the week merely balanced out three days of bland weakness that had preceded it. In the S&P 500, the upthrust steepened by the hour but ultimately failed to surpass any important prior peaks.
The spread between permabulls and permabears is at an extreme these days, even for October. This is the month when pessimists' hopes are highest that an epic bear market will correct dangerous excesses that have been building up in the...
I've been reluctant to give permabears the all-clear because, being one myself, I've seen the bull market roar back from death a dozen times since 2009, turning my smug eulogies into embarrassments.

India is perennially the world’s largest gold consumer.

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