Rick Ackerman and Technicals – Thu 7 Jul, 2016

Some abrupt reversals of the earlier morning moves

Rick and Chris visit about the broad markets. . .Rick’s target for a silver correction. . .vindication of his bullish target for long-term Treasuries. . .and more.

Click download link to listen on this device: Download Show

Rick AckermanChris Temple

  1. On July 7, 2016 at 8:37 am,
    CFS says:

    UK guaranteed to have its second female Prime Minister.

    • On July 7, 2016 at 8:46 am,
      Bob UK says:

      Yes, the Tories love a Dominatrix in charge – nanny & public school upbringing 😉

      • On July 7, 2016 at 11:24 am,
        Birdman says:

        She dresses in leather and whips?

        • On July 7, 2016 at 1:46 pm,
          Dick Tracy says:

          You wish!

          • On July 7, 2016 at 4:29 pm,
            Birdman says:

            Ha ha!…..yes I do. That would be hilarious.

    • On July 7, 2016 at 9:24 am,
      Wayne says:

      SCOTUS and POTUS have ruled that there is no difference between male and female. Gender distinctions don’t exist anymore. As there is no higher court to make an appeal, the decision is final. 🙁

      • On July 7, 2016 at 9:56 am,
        Bob UK says:

        Thank goodness for that, now I can wear my high heels in public.

        • On July 7, 2016 at 10:00 am,
          Excelsior says:

          funny Roberta.

        • On July 7, 2016 at 10:29 am,
          Bonzo Barzini says:

          And now I can follow gorgeous women into the ladies room. Yippee!

          • On July 7, 2016 at 4:44 pm,
            Jason Weishaupt says:

            You know which ones will be in there and it is not going to be the hotties.

  2. On July 7, 2016 at 8:46 am,
    OOTB Jerry says:

    RICK,DOC and Chris…….Thanks for stepping up to the plate while Big OWL is off.

    • On July 7, 2016 at 9:28 am,
      Excelsior says:


    • On July 7, 2016 at 4:46 pm,
      Jason Weishaupt says:


  3. On July 7, 2016 at 9:39 am,
    FranSix says:

    I’m thinking that there’s still some more downside in the TNX/PRII ratio to match the decline in 2010 to 0.011, not far off. Considering that it will probably co-incide seasonally with a previous seasonal low coming out of a correction in the gold price. Gold prices have literally had it land right in their lap with this reversal in fundamentals. We’ve had three moving average crossovers with new highs in gold prices each time.


  4. On July 7, 2016 at 10:04 am,
    FranSix says:

    Stumbled across this. Ok, so you live in a certain city, and in the north end of town they’re drilling for gold:


  5. On July 7, 2016 at 10:38 am,
    Bonzo Barzini says:

    I’m not buying any 30 year treasuries until I can get a juicy negative return.

  6. On July 7, 2016 at 10:46 am,
    James The Lesser says:

    Like I said the other night the dark side will unleash the gates of hell to kill this gold rally.

    First a false adp report, now more margin calls.

    Be careful with tomorrow’s NFP report, could be a doozy

  7. On July 7, 2016 at 10:49 am,
    James The Lesser says:

    Why did the libor crooks only get 6 years?

    Personally I would throw them in the worst jail and let them rot there for life.

  8. On July 7, 2016 at 11:41 am,
    Velma says:

    I don’t think we’re done in oil or the dollar. Still holding by my 89 to $90 target for the dollar and oil hitting $55-$60. This is just a nasty shakeout for oil.

  9. On July 7, 2016 at 11:50 am,
    Velma says:

    another good interview with Rick. https://www.youtube.com/watch?v=BwKOJJWFNF0

  10. On July 7, 2016 at 12:43 pm,
    irishtony says:

    For those of you on here who have an interest in URANIUM………

    • On July 7, 2016 at 2:11 pm,
      Excelsior says:

      Good article Irishtony. Thanks for the post.

      • On July 7, 2016 at 2:22 pm,
        irishtony says:

        EX…Your welcome.

  11. On July 7, 2016 at 1:53 pm,
    sdmarc says:


    • On July 7, 2016 at 1:57 pm,
      irishtony says:

      HI Marc…Your welcome. How are you doing, haven’t seen you here for awhile.

  12. On July 7, 2016 at 1:53 pm,
    sdmarc says:

    URANIUM IS VERY DEPRESSED! A buying op..:))

    • On July 7, 2016 at 2:09 pm,
      Excelsior says:

      Agreed. I’ve been regularly accumulating the stocks, and trimming back on little pops here and there, and then buying little dips to keep averaging into a good long-term position in them.

  13. On July 7, 2016 at 5:03 pm,
    Birdman says:

    Is this chart telling us a large market sell-off is just around the corner (see link below).

    What this chart is about is the relationship of Share-buybacks to Quarterly Earnings. Look at the lovely symmetry on that chart and take note that when shares outstanding hit a peak, roughly four to five years later earnings (and share prices) cratered (referring to the 2004 – 2009 portion of the chart).

    And then also note that shares outstanding peaked again in 2011 before corporations went on a buying spree and sopped up millions from the open market. We are today where we were in 2008 in other words and the stock market could be ripe for a very serious correction in 2016 if the past experience is an analog for the present.

    What I see here is that the bottoms in shares outstanding has a relationship to peaks in earnings after which time there is a significant reversal. Obviously this is just a short term chart and so the data cannot be extrapolated too much so we won’t draw any final conclusions but the hints of what may come are tantalizing and suggestive.

    So watch out if earnings start to take a very steep dive in the next few quarters and if they do then hold on to your hat because it might just mean the shit is about to hit the fan. Conversely…..get ready to buy if we do get a sharp correction.

    Share Buybacks versus Corporate Earnings on the S&P500 — Realinvestmentadvice.com

  14. On July 8, 2016 at 5:35 am,
    James The Lesser says:

    Does anyone doubt me?

    Like I said the NFP report would be a doozy.

    Does anyone really believe this number?

    Gold WACKED $25 bucks on the news.

    Like I said the dark side will unleash the gates of hell to kill gold, and they did

  15. On July 8, 2016 at 5:45 am,
    James The Lesser says:

    Ok, so the number is at least behind us.

    It was a home run, if you believe it.

    So Janet Yellen has no excuse not to raise rates.

    The July FOMC is approaching.

    What excuse will she give this time not to raise?

    Brexit most likely.

    The FED can never raise rates again, they know it, and I know it.

    Expect bizarre numbers from here to the election.

    They have to get Hillary, that Jezebel, in office.

  16. On July 8, 2016 at 5:58 am,
    James The Lesser says:

    Margin hikes, check.
    False NFP number, check.

    Now they move into phase three…

    All we will hear is FED heads telling us rate hikes are appropriate amd they are ready to raise sooner than later.

    Wash, rinse, repeat

  17. On July 8, 2016 at 6:03 am,
    James The Lesser says:

    We are three weeks away from the FOMC meeting with a 4% probability of a rate raise and all we will hear for the next three weeks are FED heads going all over on the tax payers dime, both voting and non voting members, talking as if there is a 70% chance of a rate hike.

    Here we go again