Rick Ackerman
Rick Ackerman Articles
Gold has shrugged off the latest blather from the Fed and looks bound for at least 1536. Some Rick's Picks subscriber caught the move, and I'll show you how. T-Bonds have also caught fire and deserve a look.
To repeat: AAPL is the only stock we need follow closely to know whether a major top looms for the bull market. The logic is simple: Because Apple is the most valuable company in the world, its shares top institutional investors’ must-own...
Add to stock market bulls’ wall of worry a drop in West Coast home prices for the first time in seven years. This is part of a larger trend that saw U.S. home sales down 2.2% compared to a year ago. That’s the 16th straight month of annual...
For years, gold’s corrections have been brutal, and that is why many erstwhile bulls have not rushed to buy this rally. They have instead been waiting for a nasty pullback in order to load up at bargain prices. But Mr. Market has not...
Fed Chief Powell supposedly has strong support inside Congress to fend off Trump’s calls for lower interest rates. How do we know this? Well, there was this headline atop the lead story in Wednesday’s Wall Street Journal: ‘Powell’s Support...
August Gold pulled a Pearl Harbor on bears and skeptics Tuesday, reversing early morning weakness with a surprisingly sharp rally. I’d expected another two weeks of corrective action myself after bullion’s impressive run-up in June.
Bullion’s powerful rally this week has kicked this popular mining-stock vehicle into high gear. I haven’t tracked it in quite a while but aim to do so now, provided it remains feisty and interesting. In that regard, GDX looks like it’s...
Gold’s $30 run-up over the last two sessions is the sharpest we’ve seen in a while. Was it just a knee-jerk reaction to continuing weakness in U.S. stocks? Probably. But we’ll keep a close eye on it nevertheless, since gold sentiment is so...
DaBoyz showed a deft touch as the week drew to a close, guiding the broad averages to a respectable close even thought there were no buyers around. Stocks often soar ahead of summer holidays, but this Memorial Day weekend they seemed...
The FAANGs and a few other ‘lunatic’ stocks favored by institutional buyers have deservedly been getting thrashed, but it looks like the pain is unlikely to abate any time soon. My downside targets in two key stocks, GOOG and AMZN, are...
