Rick Ackerman and Technicals – Tue 5 Jan, 2016

“The markets are fighting today” and a focus on the middle east tensions

Rick Ackerman comments on the US markets today – he described the markets as “fighting”. We also cover oil, the potential of a big action in the middle east and the continued rise in the US dollar.

Click download link to listen on this device: Download Show


Featuring:
Rick AckermanAl KorelinCory Fleck

Comments:
  1. On January 5, 2016 at 9:14 am,
    Andrew de Berry (Rev) says:
    • On January 5, 2016 at 10:17 am,
      bb says:

      Read that this morning Andrew, aint police states great? lol

    • On January 5, 2016 at 11:12 am,
      Wayne says:

      I am still waiting for the lawless to tell me what law Kim Davis broke. Who passed it? When was it passed? Who signed it into law? Where can I go read it?

    • On January 5, 2016 at 11:50 am,
      Gator says:

      Andrew…great article..thanks for the link…

  2. On January 5, 2016 at 9:17 am,
    Andrew de Berry (Rev) says:
    • On January 5, 2016 at 10:21 am,
      bb says:

      SGT report

      2016: The Year For Gold & Silver? Grant Williams

      For anyone interested, I guess Mr Williams has a buddy that figured the american dollar was the place to be awhile back, he intends to move to 100% gold in 2016.

      • On January 5, 2016 at 6:04 pm,
        Brian says:

        WOW ! 100%. Thanks BB .. I’ll find the link, though 😉

  3. On January 5, 2016 at 9:20 am,
    Andrew de Berry (Rev) says:

    Hands up all those who still feel middle class?

    http://etfdailynews.com/2015/12/14/the-american-dream-is-over/

  4. On January 5, 2016 at 9:37 am,
    Matthew says:

    SPY:GLD (stocks priced in gold) head and shoulders top:
    http://schrts.co/MTVObM

    • On January 6, 2016 at 8:23 am,
      Agatha says:

      Matthew- I may post this again… go look at Market Anthropology… lots o charts

      • On January 6, 2016 at 10:07 am,
        Matthew says:

        Thanks Agatha

  5. On January 5, 2016 at 10:08 am,
    Frank from moscow CCF says:

    Dang right…………Rick is right……spooks are everywhere…….

  6. On January 5, 2016 at 10:10 am,
    Matthew says:

    The yen is getting ready to trend higher for a change.
    http://schrts.co/LEauJK

    • On January 5, 2016 at 10:15 am,
      Matthew says:
    • On January 5, 2016 at 11:16 am,
      Excelsior says:

      The Yen and Gold are buddies and will travel higher together.

      • On January 5, 2016 at 11:27 am,
        Excelsior says:

        They do diverge from time to time, as Gold is really the “uncorrelated” asset, but compared to most assets the Yen and Gold have had a generally positive correlation the last 4 years.

        http://stockcharts.com/h-sc/ui?s=%24XDN&p=D&yr=4&mn=0&dy=0&id=p82416046892

        • On January 5, 2016 at 11:43 am,
          Excelsior says:

          I’m still of the belief the many trading algorithms are based on the Yen:Gold relationship, just like the Loonie:Oil pair seem to be correlated with trading algos.

          http://stockcharts.com/h-sc/ui?s=%24CAD&p=D&yr=5&mn=0&dy=0&id=p86857316585

          • On January 5, 2016 at 11:47 am,
            Excelsior says:

            Now we just have to figure out what commodity is liked to the Swiss Franc 🙂

          • On January 5, 2016 at 11:47 am,
            Excelsior says:

            linked (not liked) to the Franc

          • On January 5, 2016 at 11:49 am,
            Frank from moscow CCF says:

            Swiss cheese………………

          • On January 5, 2016 at 11:50 am,
            Frank from moscow CCF says:

            Franc forter………..

          • On January 5, 2016 at 12:26 pm,
            Excelsior says:

            Here ya go FFM CCF BOOT OOTB The Long The Claw…..From Moscow:

            Below you’ll see that the Swiss Franc did track from one of the largest publicly traded manufacturers of Swiss cheese Saputo Inc. Since 2014 they have a cheesy divergence and inverse correlation, so we’ll have to keep searching for a Franc:XXXX correlation.

            http://stockcharts.com/h-sc/ui?s=%24CHFUSD&p=D&yr=5&mn=0&dy=0&id=p79902153164

          • On January 5, 2016 at 12:32 pm,
            Excelsior says:

            and no….I haven’t tried chocolate or watches yet….. 🙂

          • On January 5, 2016 at 12:34 pm,
            Frank from moscow CCF says:

            the chart looks like a headcheese and shoulder flanksteak to me….. is that chart from the 4 X..

          • On January 5, 2016 at 12:36 pm,
            Frank from moscow CCF says:

            Check the Louis V…hand bag chart for after X mas exchange.

          • On January 5, 2016 at 12:52 pm,
            Excelsior says:

            You know….the more I think about it…..Switzerland has a real economy (meats, cheeses, chocolates, watches, and a hub of banking). It is also curious that they remain neutral in wars and their currency is quite prized.

            Frank……speaking frankly about the Franc, you brought up Louis Vuitton which is technically French (like the Grey Goose Vodka you drink is French you silly Russian that doesn’t drink Russian Vodka for some reason) 🙂

            The French may very well have a lot to do with Switzerland….but only a small band of warrior monks that started some of the first banks……

            As for it’s financial stability and banking focus……..Could it be that Switzerland really was founded by the banking money and treasure horde of the Knights templar fleeing France into Scottland to Rosslyn Chapel, and then fleeing again taking their banking and symbolism with them to form modern day Switzerland?

            1. The founding of the embryonic Switzerland conforms exactly to the period when the Templars were being persecuted in France.

            2. Switzerland is just to the east of France and would have been particularly easy for fleeing Templar brothers from the whole region of France to get to.

            3. In the history of the first Swiss Cantons there are tales of white coated knights mysteriously appearing and helping the locals to gain their independence against foreign domination.

            4. The Templars were big in banking, farming and engineering (of an early type). These same aspects can be seen as inimical to the commencement and gradual evolution of the separate states that would eventually be Switzerland.

            5. Even the Swiss don’t really know the ins and outs of their earliest history (or suggest that they don’t.) They are famous for being secretive and we don’t have to tell interested readers that this is something they share absolutely with the Templars.

            6. The famous Templar Cross is incorporated into the flags of many of the Swiss Cantons. As are other emblems, such as keys and lambs, that were particularly important to the Knights Templar.

            7. The Swiss were and are famous for their religious tolerance – and so were the Templars.

            http://blog.templarhistory.com/2010/03/did-the-templars-form-switzerland/

          • On January 5, 2016 at 12:55 pm,
            Excelsior says:

            A significant number of Templars also found refuge in Scotland, the only monarchy in 14th century Europe that didn’t recognize the authority of the Catholic Church. Reorganizing under the protection of King Robert the Bruce, they soon found the perfect camouflage to hide their existence in the British Isles.

            Some Templars escaped to Spain and entered orders like the Caltrava, Alcantra, and Santiago de la Espada, while others moved on to Portugal and they renamed themselves the Order of Christ. Still others fled to the Holy Roman Empire of the German nation and joined the Teuton knights, while another large group of Templars is known to have joined the Hospitalers. In England, the Templars were arrested and interrogated, but quickly released again. In still other countries, the Templars remained unmolested.

            The Templars seemed to have disappeared from the history until 1804; when Bernard-Raymond Fabré Palaprat became Grand Master. Truly interesting is an accidental discovery he made in 1814… In one of the bookstalls along the river Seine in Paris, he came upon a handwritten Bible of the Yuhanna translation in the Greek language. The Bible’s last two chapters were missing; and in their place were notes divided by – and containing – numerous triangles.

            Examining these notes a bit closer, he realized that this was a document listing the Grand Masters of the Templars, beginning with the fifth Grand Master, Bertrand de Blanchefort ( 1154), through the 22nd, Jacques de Molay, the 23rd Larmenius of Jerusalem (1314) and then on to Grand Master Claudio Mateo Radix de Chevillon (1792). This document suggested that Jacques de Molay passed the title of Grand Master on to Larmenius of Jerusalem

            After Beaujeu, the order has never ceased to exist, not for a moment, and after Aumont we find an uninterrupted sequence of Grand Masters of the Order down to our own time, and if the name and seat of the true Grand Master and the true Seneschals who rule the Order and guide its sublime labors remain a mystery today, an impenetrable secret known only to the truly enlightened, it is because the hour of the Order has not struck and the time is not ripe.

            It’s widely accepted that the Masons played a major role in the downfall of the French monarchy and the ensuing Revolution. When Louis XVI was guillotined in a public square in Paris, one of the onlookers shouted,

            “Jacques de Molay, you have been avenged!”

            http://www.evilyoshida.com/thread-5115.html

          • On January 5, 2016 at 1:05 pm,
            Frank from moscow CCF says:

            What is funny…..I use to be in the order of DEMOLAY as a youth.

          • On January 5, 2016 at 1:14 pm,
            Excelsior says:

            used to be huh?……….

            I used to be connected to a few brotherhoods as well……never really fit in. Still have friends that help me connect the dots….. I’m more of a solo voyager though, and more interested in the inner work.

          • On January 5, 2016 at 1:18 pm,
            Frank from moscow CCF says:

            IF, you want to venture out some more, check out the piedmont in Italy, about 1138 ad …….a good reference book would be by John Foxx 1500ad Book of Martyrs .

          • On January 5, 2016 at 1:21 pm,
            Excelsior says:

            Thank you sir. I really appreciate the recommendations!

          • On January 5, 2016 at 1:26 pm,
            Frank from moscow CCF says:

            I think some of the dots….which you mentioned concerning the secretive Swiss, will lead you to some of the people in the Piedmont in Northern Italy.(and these were not catholics)

          • On January 5, 2016 at 1:37 pm,
            Frank from moscow CCF says:

            Check out the name Peter Waldo.(1138ad)……….might be interesting.

          • On January 5, 2016 at 1:52 pm,
            Excelsior says:

            Will do.

          • On January 5, 2016 at 9:39 pm,
            mj12 says:

            Thanks Excelsior……..very interesting……the history of the Templars.

  7. On January 5, 2016 at 1:02 pm,
    Agatha says:

    the swiss are having problems… their central bank is heavy into apple…

    • On January 5, 2016 at 1:04 pm,
      Excelsior says:

      Yes, they may have eaten the forbidden fruit…. Even they are in FANG stocks now. Ha!

      • On January 5, 2016 at 2:13 pm,
        Excelsior says:

        It didn’t sound like Marc Faber was into these high flyers though, so not all the Swiss are into Apple.

        • On January 5, 2016 at 2:41 pm,
          Agatha says:

          Hes Thailand

          • On January 5, 2016 at 6:13 pm,
            Excelsior says:

            Marc Faber
            Investor

            “Marc Faber is a Swiss investor based in Thailand. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.” Wikipedia

            Born: February 28, 1946 (age 69), Zürich, Switzerland
            Spouse: Supatra Faber
            Education: University of Zurich
            Books: Tomorrow’s Gold: Asia’s Age of Discovery, The Great Money Illusion: The Confusion of the Confusions

  8. On January 5, 2016 at 2:34 pm,
    Agatha says:

    Al, what about another large false flag here…????!!

  9. On January 5, 2016 at 5:45 pm,
    MACDaddy (Jason) says:

    Rick, what are the chances we see the 10yr bond yield surpass the 30yr?

  10. On January 6, 2016 at 5:18 am,
    Mark says:

    ******** GLOBAL MARKETS TUMBLE ON CHINESE YUAN DEVALUE AND N. KOREA NUKES! *********
    WOW! What a great start to the new year!

  11. On January 6, 2016 at 5:19 am,
    Mark says:

    DOW FUTURES DOWN………………now over 300 points!

    • On January 6, 2016 at 5:22 am,
      Frank from moscow CCF says:

      Warnings have been in place for months……….correction was need a long time ago.

      • On January 6, 2016 at 5:23 am,
        Frank from moscow CCF says:

        needed…….

        • On January 6, 2016 at 5:30 am,
          Mark says:

          ARE THE CHICKENS coming home to roost?

          • On January 6, 2016 at 5:36 am,
            Frank from moscow CCF says:

            yes, and a lot of little chics are following………….

  12. On January 6, 2016 at 5:22 am,
    Mark says:

    BALTIC DRY INDEX breaks new all time lows…………..down 468 points!
    http://www.bloomberg.com/quote/BDIY:IND
    Three handle coming up?

  13. On January 6, 2016 at 5:24 am,
    Mark says:

    Trucking numbers down big……………look at the Dow Transports!

  14. On January 6, 2016 at 5:29 am,
    Mark says:

    AUTO SALES DOWN BIG in December………….and now being revised down for November!
    I THOUGHT THEY SAID THAT EVERYTHING WAS ALRIGHT IN AUTO’S!

    • On January 6, 2016 at 5:31 am,
      Mark says:

      Happy New Year…………………….????

    • On January 6, 2016 at 5:34 am,
      Frank from moscow CCF says:

      Never trust a used car salesman….

      • On January 6, 2016 at 5:40 am,
        Mark says:

        Lol…..

  15. On January 6, 2016 at 5:35 am,
    Mark says:

    Oh, oh………CNBC just brought out Stanley Fisher to try to save the day, now being interviewed live!

    • On January 6, 2016 at 5:37 am,
      Frank from moscow CCF says:

      Good time to show up……..for the drive in to work……for those that are employed that is ………….

  16. On January 6, 2016 at 5:45 am,
    Mark says:

    ADP NUMBERS just released………………are a lot of bull!

    • On January 6, 2016 at 5:52 am,
      Mark says:

      I mean, who hires in December! What, for one month?

      • On January 6, 2016 at 5:58 am,
        Frank from moscow CCF says:

        Retail……or UPS delivery, Pizza hut delivery, valet parking at the eateries ……

        • On January 6, 2016 at 6:09 am,
          Mark says:

          Right!

  17. On January 6, 2016 at 5:59 am,
    Mark says:

    CES OPENS TODAY IN LAS VEGAS!
    Will new innovations in consumer electronics save the global economy?

  18. On January 6, 2016 at 6:03 am,
    Mark says:

    Apple cuts production of I phones by 30%…………..sales are down!

    • On January 6, 2016 at 6:46 am,
      Frank from moscow CCF says:

      Apple is going down…..the leader is gone….Steve J. was the leader, the rest are lost leaders…….

      • On January 6, 2016 at 6:48 am,
        Frank from moscow CCF says:

        Next to go will be AMAZON…….over valued and over levered with a BOZO for a leader.

        • On January 6, 2016 at 6:58 am,
          Frank from moscow CCF says:

          Amazon PE…..890 plus

  19. On January 6, 2016 at 6:08 am,
    Mark says:

    And after all of this! Get this! ” German women raped by over a 1,000 Muslim men! ”
    http://www.zerohedge.com/news/2016-01-05/germany-shock-after-monstrous-attacks-rape-1000-men-arab-or-north-african-origin
    WTF…………..IS GOING ON PEOPLE!

    • On January 6, 2016 at 6:12 am,
      Mark says:

      New Year’s Eve in Germany saw a crime wave!

  20. On January 6, 2016 at 6:32 am,
    Frank from moscow CCF says:

    Oh my……another great spike up……..in gold $14 plus

    • On January 6, 2016 at 6:34 am,
      Frank from moscow CCF says:

      Both metals…….silver and gold at the same time……hum…….

      • On January 6, 2016 at 6:38 am,
        Mark says:

        Based on everything that is going on at this point around the world gold and silver should be much, much higher!

        • On January 6, 2016 at 6:42 am,
          Frank from moscow CCF says:

          I agree with you , that it should be higher….but, we have a lot of……can I say manipulation…..(proven or unproven)

          • On January 6, 2016 at 6:51 am,
            Mark says:

            Proven! What a bunch of crooks……..anything to save the system!

          • On January 6, 2016 at 7:02 am,
            Frank from moscow CCF says:

            I do not think they have saved anything but the TBTF , which are about to implode with $210trillion in derivatives.

          • On January 6, 2016 at 7:03 am,
            Frank from moscow CCF says:

            The system of capitalism is gone..Ellen Brown today at usawatchdog.

  21. On January 6, 2016 at 6:42 am,
    Mark says:

    I can just see the head lines for King World News today!
    …..WORLD ON EDGE…….!

  22. On January 6, 2016 at 6:44 am,
    Frank from moscow CCF says:

    Or……… EDGEY WORLD DOES NOT HAVE A CLUE.

    • On January 6, 2016 at 6:53 am,
      Mark says:

      WORLD ON FIRE! N. KOREA DROPS H BOMB!

  23. On January 6, 2016 at 7:06 am,
    Frank from moscow CCF says:

    ISM non manufacturing down 55%…….lookout below…….

    • On January 6, 2016 at 7:11 am,
      Mark says:

      That’s not good……….and wait until they release the inventories report coming up this morning!

  24. On January 6, 2016 at 7:16 am,
    Mark says:

    ********** IT’S A REAL DAMN SHAME HOW THESE FOOLS ARE PLAYING WITH THE PRICE OF SILVER! *********
    Now back down under $14…………..it’s so sad! All they have left is the stock market and a few metals!

    • On January 6, 2016 at 7:21 am,
      Frank from moscow CCF says:

      ditto

      • On January 6, 2016 at 7:55 am,
        Chartster says:

        FFM,

        Georgia

        • On January 6, 2016 at 8:50 am,
          Frank from moscow CCF says:

          thanks…….where do you bill fish?

          • On January 6, 2016 at 9:01 am,
            Chartster says:

            Wanting to go fish the area between Florida and Cuba next month. Lots of fish making the run between the Gulf and the Atlantic in late winter/ early spring.

          • On January 6, 2016 at 9:13 am,
            Frank from moscow CCF says:

            That is an excellent choice……….

          • On January 6, 2016 at 9:15 am,
            Frank from moscow CCF says:

            I will just look at my Guy Harvey pictures……..lol

          • On January 6, 2016 at 9:19 am,
            Frank from moscow CCF says:

            btw…….are you around Atlanta?

  25. On January 6, 2016 at 7:25 am,
    Mark says:

    Comex Silver Inventories plunge!
    https://srsroccoreport.com/comex-registered-silver-inventories-plunge-nearly-10-in-one-day/
    Going………going…………

  26. On January 6, 2016 at 7:29 am,
    Mark says:

    PPT working over time right now at the NYSE! “We must save the day!!!!! “

  27. On January 6, 2016 at 7:54 am,
    Chartster says:

    If gold drops right here ( which I’m expecting ) and the stock exchange continues to plunge ( which I’m expecting ) JDST might be a real good play right here.

    Thoughts?

    • On January 6, 2016 at 8:27 am,
      Mark says:

      What do you mean by a good play here?

  28. On January 6, 2016 at 8:45 am,
    Chartster says:

    JDST looks like a buy.

  29. On January 6, 2016 at 9:20 am,
    Matthew says:

    Stocks gapped down twice this week while the gold miners gapped up. Where are the guys who were sure the miners would fall if stocks fell?

    Chartster, Right now, I’m more interested in buying weakness in the miners than selling strength.
    Based on high closes (black circles on the following chart), GDX has broken out of it 2.5 month downtrend: http://schrts.co/nqdmVG

  30. On January 6, 2016 at 10:07 am,
    Matthew says:
  31. On January 6, 2016 at 10:40 am,
    Chartster says:

    Thanks for the thoughts, Matthew.
    The JDST chart is hitting the bottom BB. The GDX chart is hitting the top BB. But what gets me is the weekly spot gold chart. It looks like gold is going down this week and next.

    I only put credence in mining stocks falling with the general markets under crash conditions. And the stock exchange is in crash conditions. IMO
    I guess we just see what transpires.

    • On January 6, 2016 at 11:09 am,
      Matthew says:

      First, I agree with you about crash conditions. The odds that the miners go with stocks goes way up in a crash.
      As for the BB, remember that price can grind higher for a long time after the top BB is reached.
      My point is not that the miners won’t fall but that the risk/reward isn’t good enough right now for me.
      http://schrts.co/E5n43R

      • On January 6, 2016 at 11:14 am,
        Matthew says:

        This picture in SLV:GLD is supportive of the miners going higher though admittedly not necessarily right away: http://schrts.co/0oTsoq