Rick Ackerman

Articles by Rick Ackerman

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...
The steep rally of the last week has made some in the chat room skittish, if not quite eager to jump off the train. However, I’d suggest hanging on for at least another day or two, since a rally of just 0.90 above the so-far high at 1297....
I don’t often feature technical analysis as the topic of the week. In this case, however, the Dollar Index is at a crucial threshold that deserves a drum-roll and our close attention. Notice the two tightly spaced purple lines near the...
Rick’s Picks in the past has shunned year-end predictions because there are far too many variables to handicap accurately. I’ve decided to take a crack at it anyway this year because I was curious to see what conclusions purely technical...
Tax selling in this vehicle could produce a climactic bottom in the weeks ahead, but the range of possible targeted lows is quite wide, depending on how fierce the washout is. There are at least two logical hidden supports where we might...
On Twitter early Friday morning, I was throwing in the towel on Gold at the very instant Comex futures went bonkers. Technically speaking, the surge in the December contract $1.20 shy of an 1194.10 target that could have been extrapolated...
The rally will need some giddy-up to escape gravity’s pull, since merely dawdling at these levels will only increase the risk of relapse below a major Hidden Pivot support at 1137.50. The support has been tested twice and done its job, but...
Now that sucked, didn’t it? We ended the week thinking, ah, at long last, a decent rally in Gold! After yesterday’s nasty slide, however, which took back two-thirds of the gain, it’s starting to looks like the rally was just a one-day...
I have lower targets outstanding, including a big-picture support at 1125.00, but the one shown at 1141.30 should be used as a minimum downside objective over the very near-term. Traders should position from the short side until it is...

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