Gold, US markets, and oil… Here are Rick’s targets
We take a technical look at a few markets with Rick Ackerman. With a number of markets range bound, gold and the US equity markets we find out if Rick thinks we could pop anytime soon. As for oil Rick is sticking to his targets shared yesterday.
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Saudi …. News… US SENTATE will allow victims to sue SA…..this should be interesting.
Senate , but , they may just have” sent” a message…………
So you are bullish on the $.
What? It lost something like 90% of its purchasing power since the FED started in 1913.
Talk about being on the wrong side of history.
Rick, come to Brooklyn, there’s a bridge I’d like to show you.
well, I call that bullish
Time will show that Rick’s overall view will be right. The USD is now in trend up.
AU also is moving sideways which is positive. Thanks Cory for pointing this out.
GGN is a good example of this. Good dividend and nice mix of gold and oil.
Thanks Chris. I had not looked at the Gamco Global Gold, Natural Resources, & Income Trust before. A 12.82% yield is nice.
Rick’s a blast! He talks about the “Funny money Fed”. Boy is he right on the money.
Rick you rock! I couldnt have said it better.I am in accord with everything that you have said.Wall street has become one big casino and etfs are the equivalent of slot machines 🙂
WILL THEY OR WONT THEY…..OR WILL THE PRAT IN THE WHITE HOUSE PUT A STOP TO IT /
http://www.cnbc.com/2016/05/16/the-audit-the-fed-movement-is-taking-a-big-step-forward-in-congress-this-week.html
Rick, I thought it was me and the go to ” Head & Shoulders ” pattern so many dwell on so much of those who are technical. Thanks for the Declaration!
Ric et all, Head and shoulder patterns are like hidden pivots are like support / resistance are like three black crows candle patterns. None of them are 100% accurate but they all function as an indicator of what could happen and that it is time to pay attention to see if the pattern is confirmed. The problem with experts is we tend to think they are somehow gifted with insight that the rest of us mere mortals lack. The reality is that we should all have a healthy dose of skepticism about anything an expert says until we can confirm it with evidence. I stopped counting how many times Rick, Doc, Gary the Savage, and Rog the trader….and yes even Big Al and Cory have made predictions that are stated with an air of authority but turn out to simply be false. I truly enjoy this site and everyone’s insight…not because I believe it all, but because it gives me a different perspective and opens my eyes to what could be possible so that I will seek evidence to confirm it.
Case and point: a few days ago I posted that S&P was potentially forming a head and shoulders top…price has not yet broken the neckline…but I am certainly watching closely to see if it does, which would signal a furher drop. I also posted that PM stocks were forming a triangle that I thought would break lower … As of the past two days, the price has broken out of the pattern to the upside, which indicates it might move even higher. I was wrong in my initial prediction, but I was certianly watching for a price move based on the pattern I was seeing. There is value in everyone’s opinion and value in more indicators than the hidden pivot method…none are infalable though
Agree with Rick regarding the dollar. Consolidation phase before going higher. I still see it dropping to 89-90 before it makes its charge higher to 120.