A look at a couple large cap US equities
As today is a slow day across the board we focus on a couple of the largest stocks in the US with Rick Ackerman. Apple and Amazon are the companies we focus on as they have been in the news and garnering more investors attention.
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Andy , you should have IRISH, post the infographics pictorial for you. The amount of gold traded in tons is amazing………..1,533,000 tons……..compared to 2,300 tons annual production.
Yikes again Jerry!
Yikes to NUKES…………info out yesterday, Fort Knox is not storing gold but nukes….
Where did you see that JERRY?
Where did you see thaT,JERRY?
obviously were doomed, but we knew that.
Big OWL……I heard it from Jim Willie……….I think…..
I know, I know……Willie is , shall we say………?
Andrew..Just for you , but anybody can take a peep…..
http://news.goldseek.com/GoldSeek/1463418957.php
No Mr Irish, you said specifically for Andrew so no one else should look. Them’s the rules!
Rules do not apply to the IRISH………………….
Tony et Al – Give me the Hershey bar any day. Speaking of which I too can do a trade with you Tony! ‘Sides sounds like you’ve got way too much of the dubious relic!
https://www.youtube.com/watch?v=bYhTFz_SGw0
Pretty crazy, Reverend#
What do you think the odds are that metals rise after fed minutes released?
So far they have not risen. Higher rates = stronger dollar = probably weaker gold.
Al, interest rates and gold went up together throughout the 1970s. Gold also gained $250 after the December hike.
Higher rates equal pressure on bonds and higher inflation expectations. Combine that with a bad economy and you have the stagflationary ’70s again – at best.
Real rates will remain negative.
Interest rates certainly did go up. I maintain that there is a big difference between int r est rates going up to show economic strength and almost runaway inflation.
Same old fed..talk of possibly raising rates and the metals nose dive.Has happened before and will happen again..only thing missing now is the gold bears blowing their trumpet..give them time..they will show up…
Yep Gator, same old, same old.
Give it up Gator. Not all of us are smitten with gold and glitter.
Just read Rick’s bearish oil articles in goldseek. Based on all the calls Rick has made during the years, I have to say there are more wrongs than right. He seems not following common sense. Instead he lives in his own world. Sorry to say this.
Yeh, well I disagre, but I am only one person.
Guys, Rick’s hidden pivot method will keep you on track regardless of his opinions. He’s pointed this out many times.
Agreed. I think the targets that Rick shares are incredibly valuable to everyone here on the KER and he takes each sector one step at a time (regardless of his long term “Potential” targets on the upside or downside or his opinions).
Sorry, but this last target was a big miss. Even Rick would agree with that. Why are we trading down at 1253?
I was referring to his overall track record, as for years he has been very accurate on short-term targets to the upside and downside. Rick also mentioned that gold had to get to $1292 for the $1325 target to be active. Since Gold didn’t reach that mid-point pivot, then it invalidated that target.
I stand by my comment that the target he shares are incredibly valuable to everyone here on the KER.
I was talking to Matthew. Of course Ricks work is excellent Shad. Just not this call so I didn’t understand the comment written.
I dont really follow oil predictions, thought the price would increase with the alberta fire but it was nigeria that caused the move, at least thats what was said.
Anyway, alot of people get things wrong if ya look back.
I checked Docs calls for 2015, he was sying gold should end up higher by the end of 2015 and it went down.
No offence Doc I know you get lots right too.
But it really makes me think the guy that has it right is Bob M.
Everything being noise other than the obvious.
Buy when nobody wants it, thats when its cheap, and sell when everyone wants it, thats when its expensive. Pretty simple actually.
Lately everyone has been missing, bb. Doc totally missed gold in December. Now he has another big miss because gold is down 30 dollars in two days. He kept saying it wasn’t going anywhere anytime soon at the start of the year. Just days ago he was waxing poetic on the virtues of this market and how strong it looked. I am not listening to his shows lately because of that. Chris missed both golds launch and oils massive run this year which is kind of weird since that’s the whole focus of the show. It was confusion all over the internet too so I am not just picking on them. The bugs themselves mostly missed all the action and they watch metals and oil every single day. How is that possible? So I figure nobody really knows what the hell they are talking about. Bob Moriarty is right. His book is titled perfectly. If the gurus can’t figure it out then who can?
Long XIV to hedge my UVXY calls. SPX is still trapped in a range. No big positions either way.
If bears are wrong and we break out to new highs (still waiting), no one has to miss anything. I’ll go long with everyone else. Until then, I’m just ignoring the garbage spewed from bubble phase hucksters like Martin Armstrong (nasty post attacking bears today).
Everyone wants to sell their product!
There goes Rick’s 1325.2 target in the June contract……the c coordinate is being reset.
The AB impulse leg is still in play as long as the A point (1239.1) isn’t broken.
There is a downside target on the hourly at 1251.0……..the pivot at 1270.7 had a nice bounce of $13 points.
Matt is correct!
If there is one thing that Rick nails time and time again is that hidden pivot number. I remember Rick saying he had an old time friend who from time to time helped him or shared with him regarding these pivot numbers.
Personally I like when you make these calls and targets Rick! Very helpful.
It’s been a slow day and not to many posters so I feel the need to say a few things that has me unsettled. I remember a time when the three or four musketeers were rolling and all was good. Listen, to each there own, and opinions will always just be that opinions. But I reckon that this site and show has not been the same since Gary left. Some of us may never agree with Gary’s work or personality/aggressive tone of nature but he brings undeniable work/quality to his craft which some of us really enjoyed. His cycle work is by far some of the best if not the best out there. I find him to be genuinely a nice guy and I have not met him personally. Everyone in this field of trading/investing has strong opinions and at times and it doesn’t mean there a jackass or anything else. Sometimes we let the worse of us get the better of us and at times its happen with Gary but that’s just because he is passionate I’m what he does and does not like being attacked. I’m sure it’s the same way with avi. I personally don’t care for avi as I have been a long time listener to Gary and he took this site to another level with musketeers in the absence of avi. Avi I know you do good work so this is not an attack on you.
Al you should find it in you and doc and others to find peace with Gary and Gary find it in you to not criticise when others don’t agree with your work. Gary your only downfall is when explaining your case you have harsh words for the opposite side of the trade. Don’t let that get to you.
I wish for Gary back on the show and to hear his daily work. I believe many others hear appreciate that as well. Let the pass be the pass.
Glen
ditto ……….
Gary, has some great info today on……DUST AND GDXJ……..
From a daily perspective gold looks To go higher! We are definitely at a critical juncture with Hui/gold. The weekly looks overbought but does not nessarily mean it will roll over. At this moment it’s a roll of the dice imo. That’s why when you are at extreme lows like 100 Hui you make a move and secure something. I feel bad for the ones who hold nothing and continue to wait. When there is great opportunity you must secure some equity.
On another note some of you have heard about plunger most recently since he travels with a good following who is pumping him lately in Gary’s site etc. Let me tell you something about plunger. A year or so ago I tried to talk al into brining him on and for whatever reason al never reached out to me or him. Plunger comes from goldtent a site that I also frequent long time ago. Plunger has done some great work but by no means did he call the bottom in gold. Plunger was pumping bear market all the while gold/ Hui had already out in a bottom and he later on changes his stance and admitted that he was on the wrong side and had changed views. So I’m not sure why some are saying he called the bottom. Take things as they come folks but there is not one perfect method or person out there which includes glen.
GREAT POINT………
Just to be clear……Rick’s Hidden Pivot Method is a great weapon to have in your arsenal.
I’ve traded gold/silver with it for over a dozen years……and would recommend his services to anyone.
Above……I was stating that the short term pattern using the C coordinate was broken and a possible reset. There is another pattern that is still active with a target price of 1384.4. GCM6 dly A 1071.8// B 1264.1// C 1192.1//D target 1384.4 ……
And if Rick looked at my downside hourly pattern above….he would say it was damaged goods because it didn’t meet all the requirements.
Great analysis on the A/B/C/D targets mj12. Thanks!
Denis has a candid discussion on picking quality Jr Explorers, and some companies he follows, and they finish with the discussion of how the Yukon is heating with investor interest.
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Denis Laviolette: Eyes on Junior Explorers as Market Turns
MAY 16, 2016 BY COLLIN KETTELL – Palisade Radio
http://palisaderadio.com/denis-laviolette-eyes-on-junior-explorers-as-market-turns/
Hey guys Golden Arrow resources down 15%. Buy more.
“With luck, the rest of us outside China will have three or four more months to order our own affairs before the storm gathers. Whether it is bumpy landing, a hard landing, or a crash landing, depends on who the “authoritative person” in Beijing turn out to be.” ~~ Ambrose Evans Pritchard
Ambrose has a dark outlook on China and a short timeline before the storm hits. Is he going to be right? Who the hell knows but if the bond market there blows as he implies all bets are off.
China’s Communist Party goes way of Qing Dynasty as debt hits limit — Telegraph AEP
http://www.telegraph.co.uk/business/2016/05/18/chinas-communist-party-goes-way-of-qing-dynasty-as-debt-hits-lim/
Paper gold to real gold disparity now stands at 542:1 Yikes….
http://mcalvanyweeklycommentary.com/