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Rick Ackerman sees weak US Dollar putting floor under Silver and Gold

ker
May 4, 2011
Comments (9)


Big Al sits down with Rick Ackerman of Rick’s Picks and discusses the current downturn in precious metals prices and where he sees the rally coming.

Rick Ackerman is the editor of Rick’s Picks and a partner in Blue Fin Financial LLC, a commodity trading advisor. His detailed strategies for stocks, options, and indexes have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders.

To learn more, visit:
http://www.rickackerman.com

Discussion
9 Comments
    Jerry
    May 04, 2011 04:44 PM

    Hi AL…
    Who is ROSS CLARK?
    THANKS
    Jerry

    Bruce S
    May 04, 2011 04:16 PM

    Jerry:

    Bob Hoye (if you’ve heard of him) is the editor and chief investment strategist at Institutional Advisors in Vancouver, Canada. Ross Clark is the senior technical analyst at the same firm, or website if you will. Check out http://www.institutionaladvisors.com/contact.htm

      Jerry
      May 05, 2011 05:08 AM

      Bruce,
      thanks for the post ,,,I use to listen to Bob Hoye,on Howestreet.com,but, found that he was a little slow concerning the metals market. (this was a couple years ago)
      my memory has slipped since then(retirement will do that to you)
      I might try your recommendation concerning inst. advisor.com.
      thanks again

        Al Korelin
        May 06, 2011 06:52 AM

        Hi Jerry,

        That is why Big Al will NEVER retire!

        Big Al

      Al Korelin
      May 06, 2011 06:51 AM

      Hey Bruce S,

      Thanks for helping Jerry out.

      Best,

      Big Al

    James B from Canada
    May 05, 2011 05:05 PM

    James Turk: I don’t see any major price correction in silver. Forget about $40, maybe even forget about $42 or $45 http://www.larsschall.com/2011/05/04/the-war-on-gold/

      Jerry
      Jun 25, 2011 25:59 PM

      James Turk sure was wrong a few days after his prediction silver crashed and has further to fall. James Turk is a stock market permabear and a gold permabull. In the first half of 1996 he was calling for a top in the stock market and for gold to go from $400 up to $500. Instead the stock market gained over 20% that year and over 20% in each of the next 3 years, making it the greatest time to be in stocks, while gold fell to under $300. James Turk has no credibility.

    Al Korelin
    May 06, 2011 06:53 AM

    Hi James B from Canada,

    I currently agree completely with you. Listen to the Weekend Show (particularly the segment with Rick Ackerman) to hear why.

    Thanks for the comment,

    Big Al

    Jerry
    Jun 25, 2011 25:08 PM

    Rick Ackerman turned out to be wrong. Silver and gold went lower than his worse case target and will go even lower in the next several weeks. Also the dollar went higher and not lower as Rick Ackerman predicted.