Rick Ackerman’s Technical Forecasts – Fri 24 Mar, 2017

What tariffs could do to the market and an update on silver

Rick’s morning line caught my eye this morning because it brought up a topic that not many people have addressed. With all the talk about Trumpcare, tax cuts, and loosening of regulations not many are talking about the potential tariffs that Trump seems in favor of. We discuss what the Smoot-Hawley is said to have done to the markets back on 1930 and what we should be concerned with now. We also look at the silver chart and Rick shares his short-term targets.

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Rick AckermanCory Fleck
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  1. On March 24, 2017 at 8:37 am,
    Paul L says:

    A big drop in the markets should be coming sooner or later. Oil may help provide some downside momentum when it drops down to 43 or lower. USO should get to $9. Oil stocks have broken down and another major fall should come. XOP is well below the 50 and 200 day averages. XOM is below too.

  2. On March 24, 2017 at 8:45 am,
    CFS says:

    Epstein morning TA:

    • On March 24, 2017 at 9:56 am,
      JohnK says:

      There are times to be fearful and times to be greedy.
      Germany is starting to make headlines as the “other” currency manipulator.
      Key levels to watch 160 in the IWT,and 130 in the IWM.

  3. On March 24, 2017 at 10:20 am,
    b says:

    I wonder what actually determines how “they” decide to point out a countries currency manipulating.
    Guess there is no way we could have the people knowing the truth about a currency war happening.
    Interesting, books about it are allowed, maybe its well known people wont bother informing themselves no matter how easy it is to do.

    Hollywood is much more fun to get info from I suppose.

  4. On March 24, 2017 at 2:19 pm,
    SilverbugDave says:

    Gold went over $1250 then was repelled at $1252 and down $10 then to $1242 perhaps to make a negative day after a promising rally.