Rick Ackerman

Rick Ackerman Articles

We have enough downside targets in play at the moment to keep us on our toes, but this chart allows a more optimistic outlook for the near-term. Notice the very precise bounce from the 1161.70 midpoint pivot. This validates the pattern...
The 1183.40 downside target given here yesterday allowed subscribers to get long four ticks off the intraday low. Since I received reports of actual fills in the chat room, I’m establishing a tracking position: long two contracts with a...
We’ll probably know before the opening bell whether Thursday’s nasty, $34 selloff was merely gratuitous. Rumor had it that some big sellers clobbered gold yesterday because they felt like it, but we’ll reserve judgment until it has been...
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...

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Throughout history the ruling class has always sought to own gold and silver because they represent purity and longevity.