Rick Ackerman and Technicals – Thu 5 Jan, 2017

Is this gold move going to continue?

Rick Ackerman kicks off today with a focus on gold. The precious metals are continuing its move up today in a much greater degree, up almost $20 today. We look at the charts to assess what levels gold needs to move through to attract even more investors.

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  1. On January 5, 2017 at 9:45 am,
    Paul L says:

    BP has been a great stock that just keeps going up whether oil is up or down. It is at 38.55 now. Recommended to all my friends and clients at 28 with a dividend of 2.40.. Another great buy at the bottom in the 36 area was At&t and this has been extreme overbought at around 75 rsi and trading close to 43 but keeps holding up trading sideways and refusing to correct.
    I bought back my GDX at 21.30 and now it is around 23.14.

    • On January 5, 2017 at 10:30 am,
      Bonzo Barzini says:

      XOM, CVX, and SU are better run than BP.

      • On January 5, 2017 at 10:46 am,
        Paul L says:

        8% dividend can’t be beat. Shell is another I had before yielding more than 8%. XOM has a tiny dividend.

        • On January 5, 2017 at 2:09 pm,
          Bonzo Barzini says:

          XOM and CVX look toppy for now, but I ain’t selling as my cost for XOM is under $2 a share back in 1980.

          • On January 5, 2017 at 9:02 pm,
            Paul L. says:

            With that low a cost you could be sitting on a million or half.

  2. On January 5, 2017 at 9:46 am,
    CFS says:

    SGE magnet is pulling up prices.

    • On January 5, 2017 at 10:23 am,
      OOTB Jerry says:

      The US navy fleet was told to come home before they ran out of fuel…….the foreign ports no longer want the shish dollar…..fake news report. China’s new “stick” in the china sea.

  3. On January 5, 2017 at 9:49 am,
    CFS says:

    Gold at $1197.18
    Silver at $18.13

    China is draining US and London.

    • On January 5, 2017 at 10:11 am,
      OOTB Jerry says:

      comex was drained 73%….of gold from last year……

  4. On January 5, 2017 at 9:54 am,
    j says:

    JNUG has doubled since x-mas

    • On January 5, 2017 at 11:39 am,
      Silverdollar says:

      This one seemed too easy when it was bouncing around $4. Own 900 shares and it sure helped out today.

  5. On January 5, 2017 at 9:59 am,
    Paul L says:

    USO was a good buy back near 11.53 on the drop. XOP has been underperforming for weeks but could be getting ready to go back to 45 when the market breaks out. It is only 42 now.

  6. On January 5, 2017 at 11:32 am,
    OOTB Jerry says:

    Corslime get $5mill dollar fine……..MFglobal missing funds of $1billion….not a bad trade.

    • On January 5, 2017 at 11:38 am,
      Silverdollar says:

      Typical for an insider. At least they banned him from partaking again in the future!

      • On January 5, 2017 at 12:42 pm,
        GH says:

        Not nearly enough. He needs a roommate named Bubba. If it were to happen to be Slick Willy Bubba, that would be great!

  7. On January 5, 2017 at 12:32 pm,
    Paul L says:

    Buy signal on xop.

  8. On January 5, 2017 at 3:27 pm,
    Jason Weishaupt says:

    Metals run up every Q1. And every time everyone acts so surprised…

  9. On January 5, 2017 at 6:06 pm,
    Chris in the Philippines says:

    Rick rocks!