Commentary on gold and the conventional markets – plus a special offer from Rick for our listeners
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The link should be working now. If it still does not work copy and paste this url in your browser… http://bit.ly/FreeTrialOffer
Hey Dress, below is a link to Gary’s special gold update done on March 17th…the recent high for Gold….in the interview Gary highlights his concerns with the days trading action and suggested that those holding positions in the miners to sell most of all your positions…he mentions gold needed to stay above $1350 or $1326 would be next and if that fails its $1200 again……when gold closed below $1350 I went short the miners, gold bullion and silver bullion and I’m still short…..(thanks!! Gary!….)
Rick did not make the great call, Gary did…..Gary did call the topping action in gold to THE DAY!
http://www.kereport.com/2014/03/17/gary-nervous-gold-heading-fomc-announcement-wednesday/
I should add that if Gold can close above its 200dma and its 50dma $1298-$1305 along with the HUI above its 50dma at 232 along with Silver closing above its 50dma at $20.54 I’d cover my short positions…..perhaps Gary will make that call as well, lol….regardless those are key resistance levels on the charts
I find both their points of view to be very valuable. Gary works in cycles and Rick looks at short term pivot points. Both are intelligent guys and nobody is right 100% of the time.
The link is not working!
thanks Cory, working now!
Hey Rick…..you have a terrific article up on your site today titled “Visions of the Crash and Its Aftermath” but I cannot read the comments section for some odd reason. Is it being blocked or closed or something?
excellent interview, thx everybody
A word from Marty…the majority is ALWAYS wrong. LOOK out below?
http://armstrongeconomics.com/2014/04/01/gold-turning-down/
Armstrong is right. I also called it down for this next month. The gold price outlook is very dismal. Although I usually keep my personal investing logic to myself I did leave a detailed explanation of why I think gold will be beaten to ratshit in April. You can find it on the thread titled “The Real Reason the U.S. Dollar Has Value” if you are interested. Comments from others are appreciated if they are also following a similar line of thinking.
Bird Man
But what about silver? It seems to be resisting the 65:1 ratio?
I think silver will be the same or higher by 30April2014 . What do you think?
I’m willing to bet a bottle of Okanagan red from Al’s wine cellar 😉
Brian
It is heading down as well, sorry to say, 18 then a possible 15 as I said several weeks ago. Long term (5 years) Should be OK.
This reminds me of the 80s drop from $50. I bought lots vof silver in the teens only to see it fade under $10.00 for years.
Man, I just don’t so, but, know what, I have been wrong before. If Birdman is right, I am going to look really silly. But then again, that also has happened.
Al doesn’t have any Okanagan Red only Okanagan White. And yes, it is for sale!
Only if they follow a similar line of reasoning?
I will join, and am on the 2 wk trial… but didn’t see where your take on gold is in your site…just the gdxj
Right on the Rickackerman.com homepage PC. Normally most of the daily comments are blocked to outsiders but after you sign in you can read the daily missives in whole.
Thanks Bird
Some positive gold commentary:
http://www.safehaven.com/article/33314/gold-stocks-rotation
its amusing how the pm pumpers explain the plunges in gold….”its not really an investment, its insurance” BS IMO.
Where have I heard that before, Bobby!
Link doesn’t work. Would love to check Rick’s letter and cancel Gary’s.