Rick Ackerman and Technicals – Thu 18 May, 2017

Recapping yesterday and updating gold and US market targets

After the big moves yesterday we are not seeing any follow through in US markets or the precious metals. Rick Ackerman recaps his thoughts on the markets and their ability to resist any major selloffs as well as why he thinks gold will continue to rally.

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Click download link to listen on this device: Download Show


Featuring:
Rick AckermanCory Fleck
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Comments:
  1. On May 18, 2017 at 8:57 am,
    CFS says:

    This is a must listen:

    https://www.youtube.com/watch?v=e8c55hH9ENE

    about China and one road policy.

  2. On May 18, 2017 at 9:09 am,
    j says:

    $yen is hitting previous Feb resistance at current levels just as it was a support area a year ago 89.50 zone…gold touched a key resistance zone in the last few hours at $1264 previous Feb March April resistance…just as $TNX is hitting its support area around 21.77..22..going to need a reason to send gold towards key $1300 area which may be currency or US interest rate related

  3. On May 18, 2017 at 10:00 am,
    Silverdollar says:

    Refreshing to hear Rick’s thoughts on gold and note that it’s opposite of Doc, Jordan, David Erfle and most others I’ve read. Maybe the crowd will be wrong this time.

    • On May 18, 2017 at 10:13 am,
      Bob UK says:

      Yes, I thought Rick’s comments to be interesting.

      I wonder what Rick’s thoughts are on the base metals such as copper, coal, etc, in light of what he has said here about the Trump economic plans going forward? The FCx’s, TECK’s, VALE, etc, etc.

  4. On May 18, 2017 at 11:24 am,
    OOTB Jerry says:

    The crowd is wrong most of the time……..

    • On May 18, 2017 at 11:25 am,
      OOTB Jerry says:

      they just do not know it…….

  5. On May 18, 2017 at 2:08 pm,
    FundamentalAnalysis says:

    Facebook does make a tremondous amount of money..its on a P/E of 40, but it was on a p/e of 100 a few years ago, and it has delivered on its results and generating substantial FCF. The problem is I don’t understand facebook but more so the social media business and the advertising industry well enough to understand how it will continue monetising its userbase over the next 5years….I didn’t understand it few years ago and still don’t understand it today (and I’ve not bothered finding out to understand its strategy). Point being just because I don’t understand doesn’t mean facebook can’t deliver…… company isn’t cheap, but it would be reckless to short it unless you have a good grasp understanding how it will continue or fail to monetise effectively going forwards.

  6. On May 18, 2017 at 7:02 pm,
    Paul L. says:

    Just wait another 100 days and he will make America great again one tweet at a time and fire anyone that gets in his way or tries to uncover his undercover activities.