Rick Ackerman’s Technical Forecasts – Thu 2 Jan, 2014

Interest Rates and Gold

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Al KorelinRick Ackerman

  1. On January 2, 2014 at 10:25 am,
    James (the lesser) says:

    When you talk interest rates you are talking gold…

    First gold is having a big day today but it is way too early to get excited.

    Oil is getting crushed today and if we get back to the oil gold correlation then that is not good for gold.

    The $ is up huge also and that does not bode well for gold either, unless we get that rare time when they are both positively correlated, which can happen from time to time.

    If interest rates rise the conventional wisdom is this is bad for gold, but this too isn’t necessarily true.

    The interest rates spike but real interest rates are negative and rates are still behind inflation then gold will do well.

    If rates rise slowly, and the $ rises then gold will suffer.

    Stocks are hammered today – this could bode well for gold.

    Everything right now is too early, there are too many technical reasons at play as well (new year reweighting for example)

    Bottom line gold has been beaten up so badly for so long that this is a non event.
    We have seen this all year, one day wonder with no momentum.

    All you could do is watch everything unfold and not be surprised anymore no matter what happens.

    It could be a good year for gold or it could be 2013 all over again.

    Let the so called analysts pretend to know

    • On January 2, 2014 at 10:46 am,
      Big Al says:

      “Let the so called analysts pretend to know”.

      That sentence, The Greater, further solidifies my philosophy of LISTENING TO EVERYONE!

      Best in 2014!

  2. On January 2, 2014 at 10:38 am,



    • On January 2, 2014 at 10:46 am,
      Big Al says:

      Might be just a bit early, Heavy!

      As I said to The Greater, BEST TO YOU IN 2014!

  3. On January 2, 2014 at 10:47 am,
    franky says:

    FUKUSHIMA !!!!!!!!http://www.youtube.com/watch?v=nHhdi4VTsMs !!!!!!!!

    • On January 2, 2014 at 10:48 am,
      franky says:
    • On January 2, 2014 at 11:16 am,
      Big Al says:

      This fellow should fix his teeth if he is doing video.


      • On January 2, 2014 at 11:18 am,
        franky says:

        Happy new year AL ! Yes ha ha good year !

      • On January 3, 2014 at 3:53 am,
        xlurkr says:

        If his face was disfigured, would you say he should fix that before appearing in public?