Rick Ackerman

Rick Ackerman Articles

I expect one of two things to happen next, neither of them particularly bearish. Scenario #1 calls for June Gold to fall just a bit more, to the 1251.00 Hidden Pivot support shown, then rally sharply to a new record high at 1336.30. More...
Bulls barely kept their heads above water Tuesday and will have their work cut out for them if they are to avoid a dunking. That would require a print at 1277.80, a mere $7 above current levels. The most bullish scenario I could imagine at...
Traders looking to survive the deadly tedium of this market ought not to begin or end their day with a strong opinion. Although bears who smell a nasty top have ample reason to bet the ‘don’t pass’ line whenever the moment feels right,...
Much as I hate to be the bearer of bad tidings for those of you who have been oh-so-eager to get short — or perhaps to stay short — this hoax is headed higher. Long-time subscribers will have noticed by now that it’s no great trick using...
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.

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China has only 2% of its Total Foreign Reserves in gold.