Higher targets for both the US markets and gold
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.
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I cant listen to that guy. Sounds like Joe Pesci from his role in Lethal Weapon. Hilarious.
lol
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.
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
I agree but still think it might have another push left.
http://stockcharts.com/h-sc/ui?s=%24INDU&p=W&yr=6&mn=0&dy=0&id=p00211231682&a=421704680
Certainly into March. The PTB aren’t going to allow the monthly charts to be wounded in any way. Time is getting long in the tooth though; think I can even smell it.
Appears to me, we are in Gary’ euphoric stage . Hold on!!!
Bullish engulfing candle for CDE:
http://stockcharts.com/h-sc/ui?s=CDE&p=D&yr=0&mn=9&dy=13&id=p21479942825&a=505652961
Wow! Great looking chart. Somebody’s liking silver, no?
It sure looks that way. Even PPP was up as much as 7% this morning.
http://stockcharts.com/h-sc/ui?s=PPP&p=D&yr=0&mn=5&dy=0&id=p66672557650&a=503312006
Yup. Thanks to the comments on this page last week, I grabbed 7500 shares of PPP at $.67. So far, looks good.
Very nice; that sure beats my average price.
picked up another 15,000 Primero this morning.
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!”
So much for that bullish engulfing candle. 😐
I was engulfed this afternoon! Wonderful morning; horrible afternoon.
Latest Ron Paul:
https://youtu.be/ijQ873rffoM
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.
Bill: “Gold appears to be topping”: http://www.stocktipster.net/index.php/2017/02/26/time-accumulate-gold/
GLD found sellers at an expected resistance level:
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=22&id=p86997668698
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.
Just sold BIOTECH ETF symbol FBT with a 3.52% gain. Held it four days.
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.
Another factor all stock issues face is accumulation and distribution.
Off topic:
More and more comes out about Clinton illegal activity:
https://www.youtube.com/watch?v=NqdLWz-KZL0