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Friday Commentary from Rick Ackerman

Big Al
January 30, 2015

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98 Comments
    Jan 30, 2015 30:33 AM

    I think the major Indeces have topped out, while gold prices saw the low. Still on the lookout for negative rates, though it might come to Canadian bond markets before the U.S.

    http://scharts.co/1BupPwm

    GOLD POPPING…………..1275………Headed to 1307 next Friday…………..

    Someone tagged it…………OPTIONS EXPIRY…………..what a hoot…………

    KUDOS MARK……………………..

    AL….could you put in for an up to date LIVE CHART……..like kitco………..thanks J…

    Jan 30, 2015 30:55 AM

    WAR…WAR…WAR….HOT WAR….

    Greg Hunter on this weeks…WRAP…

    Have a listen. The whole wrap up is dedicated to…..WAR

    Thermo nuclear war and complete systematic collapse
    of the financial system is unfolding right before your eyes.

    OPEN YOUR EYES PEOPLE. Everyone is in denial.

    That alone is scary. The majority is….ALWAYS WRONG.

    WRONG…WRONG..WRONG…You’re gonna be wrong.

    ITS WAR !!!!!!!!!

      Greg is always a great listen to…………………….j

        Wars are in play…….as long as the USROMAN EMPIRE is still around……

          Jan 30, 2015 30:32 AM

          J…..wars are in play and isn’t it a coincidence that a world war cycle is due.

          However, the public has completely gone complecent and not a care in the world.

          This time like Einstein said we know how world war 4 will be fought.

          Maybe thats why oil is having a difficult time catching a bid.

          Nice chatting with you last few days. J. …Enjoy a wonderful weekend. : )

            Jan 30, 2015 30:56 AM

            Btw….J…..hope Im not here for the event.

            Since we are entering highly perilous times
            gold could potentially drop substantially followed
            by a meteoric rise as all currencies turn to junk.

            Its going to get interesting but I definitely don’t want
            to be here to witness the event. Chaos in the highest
            form. Call me a loonie but I’m so certain that something
            big is in the works and never been so sure of it.

            Maybe its time to bounce to New Zealand. Catch me in the
            pub. : ) a 7up on the rocks.

            OR a Holy “SPRITE”

            DITTO ON THE CHAT…AND WEEKEND……..best…………….j

          Jan 30, 2015 30:23 PM

          Ya…J….thats a good one. : )

          Serve me up…one…..probably going to need room service too…lol

          Jan 30, 2015 30:25 PM

          Thanks J ….same to you….

      bb
      Jan 30, 2015 30:03 AM

      HH you have a bomb shelter?

        Jan 30, 2015 30:59 AM

        BB…catch a ride with God. The ultimate refuge and shelter.

          Jan 30, 2015 30:58 PM

          Amen Heavy

          By the way, I agree about the future.

            Jan 30, 2015 30:16 PM

            My bags are packed…Big AL

            : )

          bb
          Jan 30, 2015 30:12 PM

          There are a lot of gods HH, by many different names, hasn’t caused peace yet.

            bb…………..better figure out which one is NO. 1………..

            bb
            Jan 30, 2015 30:31 PM

            There all the same in my opinion J.
            Watch the Zeirgeist if your interested, its the same story repeated over thousand of years.
            That doesn’t mean there is not some meaning in the story, maybe it give the story more meaning.

            YOU are 100% correct……..THERE IS ONLY ONE……….BUT, ONLY ONE SON……..

            Jan 30, 2015 30:44 PM

            Dearest BB

            Until you get acquainted with the true and holy God of the bible you
            will never know. Its like finding a good wife but until you know her
            you won’t know. You get the idea. Also, God said there will never be
            peace here on earth. Only in Gods Kingdom. The next prophetic event
            the earth will be destroyed by fire. God Bless and hope you realize the
            truth and not believe in the worlds lies. Time is short. OK..Amen : )

            Jan 30, 2015 30:51 PM

            Also BB….if you have any true Christian relatives or friends
            maybe you can inquire regarding God of the bible. I’m sure
            they will be more than willing to help. I suggest this because
            time is short. Again , God Bless hope you make the right decision.

            Jan 30, 2015 30:58 PM

            Not fair ,why not my dear Buddha ?

            Jan 30, 2015 30:10 PM

            Thats not funny…Lawrence.

            Please !!!!!! Thank you

            Jan 30, 2015 30:26 PM

            Look like you want to kill me HH.

            Jan 30, 2015 30:41 PM

            Oh Lawrence…did you see visions of me again.

            Remember what the doctor told you. Like they all do.

            TAKE YOUR MEDICATION LIKE A GOOD LITTLE BOY.

            Now run along and go find your mommy to tuck you in tonight.

            Nity nite…Lawrence.

            Jan 30, 2015 30:09 PM

            HH you lost my respect. I do think you are crazy

            Jan 30, 2015 30:28 PM

            Lawrence. ….if I ever needed respect from you.

            Or anyone else for that matter. …God help up all.

            You and your accusations. Takes a lot of nerve.

          bb
          Jan 30, 2015 30:12 PM

          HH, I have nephews that are Christian preachers.
          I am familiar with the story.

          As far as I know, the old and new testament are advocating the god of Abraham, same one as Islam.

          As far the “one son”, the Jews that wrote the Talmud have an opinion about that.

          I like what Jesus said, I just don’t agree with the religions . Altho its obvious some religious groups do some very good works, not my point, I merely disagree with the religions.
          Just me, to each his own

            bb
            Jan 30, 2015 30:29 PM

            The Shemitah: Biblical Pattern Indicating A Massive Financial Collapse In 2015?

            Posted on January 30, 2015 by The Doc

            Does a mystery that is 3,500 years old hold the key to what is going to happen to global financial markets in 2015?
            Could it be possible that the timing of major financial crashes is not just a matter of coincidence?
            In his most recent best-selling book, Jonathan Cahn has demonstrated that almost all of the major financial crashes in U.S. history are very closely tied to a seven year pattern that we find in the Bible known as “the Shemitah”.
            On the very last day of the last two Shemitah years (2001 & 2008), the stock market crashed so badly that it set a brand new all-time record.
            We are now in the midst of another Shemitah year. It began last fall, and it will end this September.
            Are we on the verge of another historic market crash?

            Thought you guys might be interested in this, articles on Silver Doc today.

            Jan 30, 2015 30:42 PM

            Listen brother BB….you are precisely correct. Forget religions its all
            about a relationahip with Jesus. Absolute right about that.

            The Shemitah I mentioned that on my first post 2 days ago. You have
            family that know God and would definitely start hanging out with them.

            Great job BB and hope to see you in The Kingdom Of God. Amen : )

            Jan 30, 2015 30:47 PM

            BB….you can google Shemitah anthony cahn youtube

            Watch all the videos. Its true and great judgment is coming.

            The only escape is through God. Amen : )

            bb
            Jan 30, 2015 30:21 PM

            Since you mentioned it Lawrence, I really like the Budda stuff, very peaceful, I find it incredible he discovers all things are made from the same atoms.
            Neat info he gave us.

            Jan 30, 2015 30:33 PM

            if thats your decision BB…why tell me.

            Still, you have my blessings BB. : )

            Enjoy your fake God. I must tell you your soul
            is in peril. My apologies to Lawrence.

            Good night BB….Have a good weekend.

            Jan 30, 2015 30:38 PM

            Buddha is about harmony but he does not claim to be god. I was joking. HH is too serious. He must be a priest

            Jan 30, 2015 30:49 PM

            Buddha is a cult. Its forbidden by God. Sorry Lawrence but
            thats something I’m not good with as you were trying to
            destract bb who was gaining interest in God.

            bb and me have been down this road before. He’s just
            playin games. Thats on him though. OK

            bb
            Jan 30, 2015 30:04 PM

            You got me wrong HH, I was not gaining interest in a god.
            Just so you know, Budda is not a cult, but at one time Christianity was.

            I agree with you Lawrence, HH is too serious.

            Jan 30, 2015 30:13 PM

            HH , seriously. I am not against god and I believe there is a spirit which rule the universe. However, you cannot force your religion on others. Wars have been fight on this. They were very brutal and anti humanity. It is OK to spread your religion peacefully.

            Jan 30, 2015 30:19 PM

            BB…I never once asked you to reply to my posts.

            Nor did I reply to yours only when you asked.

            What matters right now is there is no harm done.

            Just exchanging posts. Thats not serious but you
            seem to be taking it that way.

            If you expect someone to discuss God and not represent
            the truth by clowning around that doesn’t work. Taking it
            seriously doesn’t work with you.

            You act like I’m being compensated and my efforts was only
            to benefit you.

            Rest my case. Enjoy a good weekend BB. : )

            Jan 30, 2015 30:24 PM

            I never once forced anything on BB….LAWRENCE..

            You take that back. He came to me.

            Go get some rest Lawrence. You need it.

            Jan 30, 2015 30:18 PM

            BTW…Lawrence. ..you varmint.

            DON’T YOU EVER….STICK YOUR BUDDAH CULT GARBAGE
            UNDER MY NOSE AGAIN. I will run you off the board.

            ITS NOT OK……YOU HEAR ME !!!!

            Can’t be nice to a varmint like you. Thats what you are.

            GET LOST !!!!

            Jan 31, 2015 31:08 AM

            You are not more than a mad dog. Go to see your god. Earth does not need you.

            Jan 31, 2015 31:14 AM

            Save your energy Lawrence, he will just run you in circles for laughs. It’s not worth it.

            Jan 31, 2015 31:01 AM

            I got news for you. Scary Larry…varmint…because
            that’s what you are throwing that buddah garbage
            in my face.

            THATS RIGHT……I WONT BE VISITING YOU IN HELL.

            I think your half way there…living in here. GET….A…..LIFE…. !!!!!!

            Now get out of here before I make you my lifes work. GO !!!!!!

            VARMINT !!!!!!!

            Jan 31, 2015 31:41 AM

            Lawrence….EVERY TONGUE SHALL CONFESS AND EVERY KNEE SHALL BOW

            TO OUR GOD CHRIST JESUS THAT HE IS GOD AND LORD KING OF KINGS.

            EVEN IF ITS IN HELL….you are playing with fire.. …literally !!!

            WAKE UP…..MR. LAWRENCE. …before its too late.

            Your buddah is sending everyone to hell incl. yourself.

            Yes, and i have a right to be pissed off ….I DON’T WANT TO BE IN HELL WITH YOU.

      Jan 30, 2015 30:33 AM

      I cannot completely disagree with you, Heavy. I simply hope that the real powers have more common sense.

        Jan 30, 2015 30:57 AM

        Sorry Big AL, the worlds sinful party is all coming to a catastrophic end. God has been
        tossed out of our daily lives. Old Testament speaks of how these things end for every
        past previous civilization. YOU CAN’T DO THAT !!!! Best to you BTW. : )

          Jan 30, 2015 30:00 PM

          And to you Heavy!

            Jan 30, 2015 30:12 PM

            Thank you Big AL. Much appreciated. You guys work hard here and do a superb job.
            God Bless you for the high integrity and ethical standards here. The globalists lets
            see how they can destroy the earth. Grim maybe but new glorified bodies in a holy
            Kingdom Of God can’t be too bad. Paradise for eternity inheriting everything God
            owns is indeed a very bright future. Have a wonderful weekend Big…Big AL. : )

    bb
    Jan 30, 2015 30:00 AM

    Geez, gold is getting close to its all time highs in other currencies, I wonder how close we are until that gets noticed.
    I bought physical yesterday, must be the first time I caught it on a downtick like forever, lol
    Business seemed to be steady. Who was saying Canadian retail might be dead? lol

    bb
    Jan 30, 2015 30:11 AM

    He bought on a downday?

    bb
    Jan 30, 2015 30:14 AM

    Right now in Canadian we are about $60 away from the all time high of about $1700 and headed up.
    Canadian news doesn’t mention that as far as Im aware.

      Jan 30, 2015 30:03 PM

      That only tells us there has been a huge decline in the Loonie versus the US dollar. An amazing loss of buying power since 2011. From the peak of 1.05 when gold prices began to drop until 78 today is a difference of 28 cents. I believe the CDN will end its declines this year though…but where the bottom is nobody really knows. I sure as hell hope we never see .65 again though.

        Jan 30, 2015 30:47 PM

        So, is it good the gold and silver protects some of our purchasing power? This is good on both sides for me. First drop in loonie relieves our industry and our PM protects the purchase power. For me US is just another country. I could not care less what they can buy.

          Jan 30, 2015 30:10 PM

          Yes, it is good for you. But you could have accomplished essentially the same thing with a US dollar account because the declines in the Loonie is really a dollar story. So maybe its apples and oranges if you buy gold or not. Guess it depends on how you buy it and how often you want to circulate in and out. I don’t care for physical because of the premiums, the time needed to acquire, storage hassles and lack markets for unloading the stuff. End of the day though you were better off holding gold or USD than Canadian dollars so it works either way. What I am interested in is when gold goes up in US dollar terms again. That’s the time to get serious.

            Jan 30, 2015 30:26 PM

            I do have some US stock and they went up 10%. it used to work the other way. I have friends who lost a lot of money in US dollar when loonie was rising from 61 cents to dollar ten. You never know.

            Jan 30, 2015 30:32 PM

            I looked at the Loonie and its still getting SMASHED against the USD…This sure reduces our options…this is surprise and sucks…
            And people are waiting for USD crash…The Loonie looks more like toilet paper to me…I was on record that USD is not in a bubble like Bob M mentioned…Its still going parabolic and maybe for reasons unknown yet…
            Did I mention this sucks…We were looking to migrate south…A mil purchase is now 1.3 mil and it ain’t going to happen…

            Jan 30, 2015 30:54 PM

            Currencies don’t float, they sink at different rate at different time. As financial guy, there should be no surprise on this. Canada is resource economy so resource drops, loonie drops. Personally I hope loonie drops more to save my province. Sorry for the rest of Canada. It is good for Ontario as well for its export. I am sure Ontario will start to add jobs.

            Jan 30, 2015 30:09 PM

            Bill when it looks like toilet paper, run to get it! Much better then wiping one’s arse with monopoly u.s dollars 🙂

            Just sayin…

            glen

            bb
            Jan 30, 2015 30:19 PM

            Yup, that’s right Bird, to each his own tho, today I got an American nickel in my change, I got the cashier to give me a Canadian.
            I know its pointless, but I don’t want American currency, too much blood on it for me, in my mind I don’t want to support the police state.
            Just how I feel about it.

            bb
            Jan 30, 2015 30:26 PM

            Of course I am in a position to have the choice, to be honust, there might be blood on the gold I buy too.

            Jan 30, 2015 30:20 PM

            Lawrence I stand by my call…Its a joke how this is some sort of patch..Absolute idiots at the helm…cheers

            Jan 30, 2015 30:39 PM

            It really depends on when someone purchased the gold and at what pricepoint they purchased the gold at, and the strength of the dollar at that time. It isn’t as simple as the loonie fell against the dollar so you could have held gold or dollars.

            If during the 2008-2009 financial crisis a Candian purchased 10,000 Loonies of Gold and converted 10,000 Loonies into US dollars, then they would have preserved and magnified their wealth in the Gold far more than parking them in dollars in a savings account or CD or Money Market over the last 7 years. That major difference is that Gold went up massively in global value, in combination with the devaluation of the Loonie versus the Dollar. For the last 7 years savers have been punished, so to get a rate of return above inflation people have had to go into equities or commodities.

            Therefore, when the Canadian currency gets devalued so quick, then the people holding Gold not only retain purchasing power but have also received a multiplier effect of rise in the value of Gold since 2008 that far outstrips anything you could make in a banking deposit product or even a fixed annuity.

            Basically you were much better off in Gold than dollars in the last 7 years anywhere in the world, and waaaay better off in Gold than most local currencies.

            Jan 30, 2015 30:47 PM

            I agree Shad, it matters a lot when you bought gold as to how well you fared in Loonies. And it matters a lot when you converted to USD as to how well you protected buying power against a Loonie in decline. If we only look at this past year though (which is the period in question when the dollar was soaring) it made almost no difference which you chose, gold or dollars. If you go back a couple years then the changes favour gold.

        Jan 30, 2015 30:03 PM

        Our neighborhood is about 40% Canadians. Bet they are glad they are not buying today!

        Jan 30, 2015 30:07 PM

        If your in canadian miners your safe against that devaluation 🙂

        Just sayin..

    LPG
    Jan 30, 2015 30:20 PM

    @40 mn from the close, SPY getting slapped.
    Nice call Rick !
    Best to you,
    LPG

      Jan 30, 2015 30:15 PM

      And we hit my 1285 target on gold. She will be going down Monday.

        Jan 30, 2015 30:20 PM

        Nice strong move in crude today too. My “sell gold – buy oil” trade is going live next week.

          bb
          Jan 30, 2015 30:28 PM

          I didn’t see you say anything about a snap back to 1285 Bird, not saying you didn’t, I just didn’t see it, sell gold for oil looks to be working for you.

            Jan 30, 2015 30:37 PM

            +1 bb

            Jan 30, 2015 30:12 PM

            +3

            Bird can you post it for us to see 🙂

            Jan 30, 2015 30:54 PM

            Sure thing. I wrote that comment on yesterdays thread: Here is what I said…

            On January 30, 2015 at 11:18 am,
            Birdman says:

            Jerry, we can expect prices to rise above 1200 before reversing down again. Check the chart.
            —————————
            On January 30, 2015 at 11:48 am,
            Birdman says:

            “Scratch that…should have said 1285. Sorry, it was a typing error”.
            —————————

            On January 30, 2015 at 12:44 pm,
            J……..THE LONG………………..OOTB says:

            OH MY……………1283 1284………with a few min. till close……………….

            ——————————————-

            On January 30, 2015 at 1:36 pm,
            J……..THE LONG………………..OOTB says:

            DANG BIRD……………1285…………L00KING GOOD FOR NEXT WEEK……….

            Jan 30, 2015 30:58 PM

            And by the way, we did see gold rise just pennies above my 1285 target price for the Friday close which is the peak as I see it. From here we will see gold prices turn back down. That is my technical take. The declines will begin Monday premarket. Stocks will be up and Crude is also on a buy. Any more questions?

            Jan 31, 2015 31:01 AM

            Maybe you can call a weekly closing number Glen….you know…….before it actually happens. Show me when you did that the last time friend. 🙂

            Waiting……

            Jan 31, 2015 31:57 AM

            LOL!!!!!!! Gold was 1279 when you made that “great” call! The day before, you said: “I am looking for declines all the way back to 1200 actually.” and, “Just saying the obvious since we almost touched 1250 today already. Next stop 1240.” Now put those bearish expectations together with this claim of yours: ” Well Peter went long and I went short.” and I would say that we have ourselves a little loser in Birdman. You expected lower lows so there is NO reason to believe that you covered in time to avoid losses.

            Maybe you can find a way to service your ego without soiling this site with your delusions?

            Jan 31, 2015 31:44 AM

            Thanks Matt for the response. I was away.
            Bird those calls where made after the fact. Im still waiting for the great 100 dollar fall in one day which you predicted.

            Your always telling us about certain levels on the chart and peaks etc etc. Why don’t you put up a chart once and for all to see what the heck your talking about. You keep claiming the bottom is not in and this rally will fail to go higher then 1347 etc.. Please I urge you to put up a chart for us to see what you are seeing.

            Is it that hard to show us a visual then keep verbally changing your tune every week?

            No harm intended just put up a chart? Im not a chart guy as far as putting one up but im pretty good at reading them. I’ve never claimed to that I have accuracy calling a weekly close. I have stated direction for quite sometime of wti oil/loonie/euro etc.

            Jan 31, 2015 31:53 AM

            Glen, BM said “we did see gold rise just pennies above my 1285 target price for the Friday close…”
            For the Friday close? Nope. Gold closed at 1278.50 in regular trading and 1283.70 in electronic trading.

            Jan 31, 2015 31:04 AM

            You both wasted your time with those posts and as usual it shows the ignorance of people like yourselves in the gold-tard camp. The question I was responding to was whether I have EVEN made the comment. In other words you were calling me a liar.

            Indeed I did make the comment as I posted and I am not a liar.

            Timing had no relevance to the discussion although my call was made midday and before the close. My contention remains that we will decline back to 1200. The bounce has completed and gold will turn down.

            And PS Matthew: You sure make quite an effort when you are sure I have made an error. That is really fascinating to me especially as you DID NOT make any effort regarding my posts on gold the last ten days!

            The conclusion here is easy. You have in effect agreed I was correct on all those posts with your lack of action and response. If I had NOT been right you would have made an equal or better effort to refute what I stated. Basically you would have been all over them with the usual flimsy logic. Your thin gold plated veneer is starting to show bare threads my friend! 😉
            —————

            To Glen: I have NEVER said we would have a 100 dollar decline in a day. Please don’t make stuff up.

            Jan 31, 2015 31:16 AM

            Learn how to read. I was making fun of the (not so) “great” call. I was not saying you didn’t make it.
            You sure read a lot into my very low efforts. You were dead wrong about gold ten days ago too. Remember when you said, “sorry, gold is going down.” (Or something close to that)?

            Jan 31, 2015 31:29 AM

            Stay on the point. You basically accused me of being wrong and being a liar with your little +1 and that is the only topic. The rest is blather. What you should have done is retract instead of digging a hole for yourself.

            Jan 31, 2015 31:54 AM

            And what YOU should do is quit patting yourself on the back when you CLEARLY expected 1240 and 1200 and were short heading into the session. LOL

            Jan 31, 2015 31:54 AM

            Hey….would you guys knock it off.

            I can’t get any work done.

            Its too loud in here.

            I’m not going to say it again without serious repercussions.

            KNOCK IT THE….F…….OFF !!!!!! once and for all.

            Jan 31, 2015 31:23 PM

            Where are your manners. Try “knock it the F-off PLEASE!”

            Then kindly do so yourself. 😉

            Jan 31, 2015 31:54 PM

            Oh….Matthew

            Should have read “guy” ….you should know better.

            How that ….S ..got on there ….man…one of those F..ing typos.

            Next time….until you see your name. …refers to everyone else.

            I Haven’t changed. Still on top of this sh%t around here.

            They need to worry…about their chops gettin..BUSTED…

            NOT US…..BRO. Its the code of honors. : ) F…them

            YO !!!! Hard hitting and in their face. Muppets in retreat : )

            Jan 31, 2015 31:16 PM

            “And what YOU should do is quit patting yourself on the back when you CLEARLY expected 1240 and 1200 and were short heading into the session”. ~~ Matthew
            —–

            The problem here is you seem incapable of understanding that ALL of those numbers are in play in my opinion. Not in a single day you fool. We obviously need to hit 1240 on our way to 1200 and yes I will be short selectively as it progresses.

            Are you that much of a retard, Matthew? Just apologize and I will forgive your stupidity.

            Jan 31, 2015 31:28 PM

            Hey…don’t come in here and upset me.

            I DON’T WANT TO BE IN THE MIDDLE OF THIS STUPID SH%T.

    Jan 30, 2015 30:55 PM

    I’m totally synchronize with Bo right now.

    Had no choice but to bounce from Muppetville.

    So long cruel world…on my way to gold heaven ..lol

      Jan 30, 2015 30:08 PM

      Broken clock, Heavy.

        Jan 30, 2015 30:15 PM

        My dry humor…Big AL. : )

        Probably shouldn’t share my deepest secrets. lol