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Recapping yesterday and updating gold and US market targets

Cory
May 18, 2017

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.

Click here to visit Rick’s website. I recommend signing up for his free emails at the very least.

Click download link to listen on this device: Download Show

Discussion
9 Comments
    CFS
    May 18, 2017 18:57 AM

    This is a must listen:

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

    about China and one road policy.

    j
    May 18, 2017 18:09 AM

    $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

    May 18, 2017 18:00 AM

    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.

      May 18, 2017 18:13 AM

      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.

    May 18, 2017 18:24 AM

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

      May 18, 2017 18:25 AM

      they just do not know it…….

    May 18, 2017 18:08 PM

    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.

    May 18, 2017 18:02 PM

    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.