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Higher targets for both the US markets and gold

Cory
February 27, 2017

Rick Ackerman kicks off today and this week sharing some of his technical targets for US stock markets and the gold price. If Rick’s targets follow through then we will be continue to be in a world where equities and safe haven assets continue to rise.

Click here to visit Rick’s site and check out his posts on the topics discussed here as well as the US Dollar.

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Discussion
27 Comments
    CFS
    Feb 27, 2017 27:42 AM

    Off topic:

    More and more comes out about Clinton illegal activity:

    https://www.youtube.com/watch?v=NqdLWz-KZL0

    CFS
    Feb 27, 2017 27:44 AM

    WASHINGTON (AP) — U.S. businesses boosted their orders for long-lasting manufactured goods in January by the largest amount in three months, but a key category that tracks business investment plans slipped.

    Orders for durable goods rose 1.8 percent in January after two months of declines, the Commerce Department said Monday. The strength stemmed from a big surge in demand for commercial aircraft and military aircraft. Excluding the transportation category, orders actually fell 0.2 percent, the weakest showing since June.

    Demand in a category that tracks business investment plans fell 0.4 percent, the first decline since September. Analysts believe business investment will strengthen this year as the manufacturing sector recovers from two years of lackluster gains.

    Feb 27, 2017 27:45 AM

    So Rick think’s we’re there with the conventionals…….So does Bob Moriarty. One of his best editorials: http://www.321gold.com/editorials/moriarty/moriarty022717.html

    cno
    Feb 27, 2017 27:48 AM

    Appears to me, we are in Gary’ euphoric stage . Hold on!!!

      Feb 27, 2017 27:09 AM

      Wow! Great looking chart. Somebody’s liking silver, no?

      Feb 27, 2017 27:17 AM

      Yippee!. Maybe Morris Hubbard was right about CDE last Fri. Glad I bought it before the close. And PPP is up too. As James Brown once said, “I feel good!”

      Feb 27, 2017 27:17 PM

      So much for that bullish engulfing candle. 😐

        Feb 27, 2017 27:44 PM

        I was engulfed this afternoon! Wonderful morning; horrible afternoon.

    CFS
    Feb 27, 2017 27:34 AM

    Latest Ron Paul:
    https://youtu.be/ijQ873rffoM

    b
    Feb 27, 2017 27:52 AM

    thx Rick.
    I see what Rick is talking about, on my chart I have the trump surge going to 1302, Im not looking at futures tho.
    I put money on trump winning by going long gold, I recall the surge being before opening and heading back down rather quickly.

    BDC
    Feb 27, 2017 27:41 AM
    Feb 27, 2017 27:48 PM

    I just bought into Gold ETF symbol GDX. It’s down 5.3% as of right now about 12 minutes before the close. Have not seen GDX this low since January 19.

    Feb 27, 2017 27:50 PM

    Just sold BIOTECH ETF symbol FBT with a 3.52% gain. Held it four days.

    Feb 27, 2017 27:03 PM

    The US Dollar ETF symbol UUP was “flat” for the day yet the precious metals stocks and etf’s got hammered. Over 109 million shares traded in Gold ETF GDX. That’s a bunch of activity. Normally when the US dollar is up a little bit gold will go lower a little but normally not over 5% so I’m not sure what spooked the metals.

    Maybe someone can share if they know.

    BDC
    Feb 27, 2017 27:18 PM

    Another factor all stock issues face is accumulation and distribution.